ALYA Speculative Buy, Target $1.50
NEW YORK--(BUSINESS WIRE)--Sept. 23, 1998--Public Analysis & Review
(PAR), the unique professional independent analyst program administered
by the non-profit Investors Research Institute, Inc., announces that
Gerald F. LaKarnafeaux, CFA, professional analyst qualified in the PAR
program, has initiated coverage of ALYA International, Inc. (OTCBB:ALYA
- news), and has assigned the company -- which is enrolled in the PAR
program along with Mortgage Bankers Holding Corporation (OTCBB:MBHC -
news), LifeOne, Inc. (OTCBB:LONE - news) Remington Hall Capital Corp.
(OTCBB:REMH - news), American Pacific Financial Services (OTCBB:AMPA -
news) and Planet City Software, Inc. OTCBB:PINC) -- a ''speculative
buy'' rating, with a 12-month target of $1.50, assuming full dilution.
A summary of the report follows. PAR has authorized the company to post
the full report, including disclaimers which should be read before
investing, at 10:30 a.m. ET today at
alya.com , and an e-mailed copy may be
obtained upon request from newsdesk@ewirenews.com .
Date of Report: 9/23/98 Shares Outstanding: 14,300,914 (fully diluted)
Stock Price: $0.70 Estimated Float: 6,664,134 Price Range: (latest 12
months) $0.21 to $1.65 Recommendation: Speculative Buy Industry Sector:
Building Control Systems Target Price: (12Mos): $1.50
ALYA International, Inc. develops and markets advanced building access
control and security systems that are interoperable with other building
control systems. The Company is partnering with Motorola in the
development and marketing of interoperable systems that utilize LonWorks
technology. LonWorks is a communication protocol that is dramatically
changing the structure of the building and process control industries.
ALYA's LonWorks base access control and security system has no
competitors with interoperable capability.
ALYA has been in the development stage since its formation in September
1995 until January of this year when the Company introduced its first
product, O.P.E.N.centrix. The product is an interoperable access control
system that is bundled with Motorola's card reader. Motorola also makes
the nueron chip that controls the LonWorks communication software as
well as the ALYA software.
Since the introduction of the Centrix, the Company has been building a
world wide distribution network of building control integrators. Twelve
distributors have signed on and another eight are expected to be signed
by calendar year end. It is estimated that these distributors will
generate $10.0 million in sales in the fiscal year ending September 30,
1999. In twelve months, the fully diluted capital share structure could
include approximately 16,5000,000 common shares. A market cap of $20.0
million (2.5 times sales of $10.0 million) results in a price of $1.50
per share. We conclude that the risk-reward relationship is a favorable
one for speculators.
ALYA is assigned a ''speculative buy'' rating with a 12-month target of
$1.50.
Gerald F. LaKarnafeaux, CFA, has held senior positions in international
and regional investment banking firms as a securities analyst, portfolio
manager and director of corporate finance during the past 30 years. He
has been an active member and officer of regional chapters of The
Financial Analyst Society, The Corporate Finance Council and The
American Society of Appraisers.
Public Analysis & Review (PAR) is a program of the Investors Research
Institute, Inc. (IRI), a non-profit membership organization for
individual investors and others advocating higher standards of
''accessibility'', ''scrutiny'' and ''disclosure'' for public companies,
administered by IRI, Inc. (IRIK), a public company in registration.
Continuing quarterly coverage by an independent analyst is a requirement
to meet the ''scrutiny'' requirements for the 'Elite' Seal of Best
Practices in Investor Relations standard described on the organization's
website at investorsresearch.org . If a company has no
independent analyst following, this requirement may be satisfied by
enrollment in PAR or any similar program. By policy,
analysts, directors, officers and administrative personnel associated
with IRI and the PAR program are not permitted to own or trade in any of
the equities under review.
Information, opinions or recommendations contained in this report or
study are submitted solely for advisory and information purposes. This
report or study is not intended as an offering or a solicitation of an
offer to buy or sell the securities mentioned or discussed.
C. Partridge (212-484-4747)
iri@investorsresearch.org
Interested companies should write: parprogram@usa.net
investorsresearch.org
Dale Paruk (888-595-6444)
alya@alya.com ; stock@alya.com
alya.com
Gerald F. LaKarnafeaux, CFA (619-278-2392)
ratios@adnc.com
To view or receive the full report:
alya.com
newsdesk@ewirenews.com
Contact:
C. Partridge, 212-484-4747
iri@investorsresearch.org
or
Dale Paruk, 888-595-6444
alya@alya.com ; stock@alya.com
alya.com
or
Gerald F. LaKarnafeaux, CFA, 619-278-2392
ratios@adnc.com
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