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Microcap & Penny Stocks : EVDS Environmental Digital Services, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: ColleenB who wrote (107)	9/28/1998 12:17:00 PM
From: Tobasco	Read Replies (5) \| Respond to of 718

I too called (as promised) and Bill Wolters, C.O.O. answered the phone. Let's see what I can add/claify/confuse you with. The Company has been around quite a while having merged with another company. Suspended trading until they came back under the 15C211 when they spun off of the merged company and that is why there is only limited trading history available. EVDS owns the patent on the Capscan and is in the 1 year patent pending period on two new patents that are more comprehensive than the existing original one. Next month (10/99) they expect to file for international protection of the product. Final application on the new patents is expected to be submitted 1st quarter of 1999. The Company has about $750k for production, which according to Wolters is sufficient. The units will be outsourced for production to a company in Pompano, FL. This company is ISO 9001 certified and does work for about six companies which include F, GM, C and aerospace industries in producing the guidance system for the TOW missle. EDVS is streamlined as the R&D, and manufacturing have been contracted out. The only in house functions are sales & marketing and customer service. Orders are not being taken at the moment because EVDS does not want to give a four month delivery time. So it would appear to be 1Q99 before shipments occur. They are doing 9 trade shows in October, the biggest in Atlanta as was previously said here on SI. Now about the stock. There are about 1100 shareholders, one class of stock, no options, no warrants. The additional stock to be issued is conditional upon a Company decision. This will more than likely be a private placement, not an offering to the public. With sufficient cash for production of product and streamlined operations the obvious question was why have a private placement. The response was that 1.) to undertake a leasing program for the product and 2.) for any possible acquisition which would require stock and cash. I could not get a definitive answer on the size of the private placement but was told it would not be materially dilutive. Now the BIG NEWS (save the best for last; and see who reads the entire post, of which I am guilty of not always doing). The issued stock is the 13m shares but only 5m are outstanding of which 3m are in the public float, the remaining 7m are in the treasury! As a Florida corp the treasury stock must be re registered to be sold.