Overview of MEGW
MegaWorld, Inc. (OTC-MEGW) was incorporated in December 1994, in Delaware, for the purpose of engaging in a number of unique niche enterprises. Included among these activities are internet-related telecommunications, international time-share operations, specialty manufacturing and multimedia publishing.
MegaWorld can best be described as a diversified holding company involved in areas that promise great growth in the years ahead. As an example, with the explosion of the Internet, a myriad of activities is possible, both in the telecommunications area and in publishing. These opportunities present unusual potential for profitability in the future.
The Company has no long term loans or long term liabilities, and has cash in the bank to meet its current needs. Our audited financial statement as of May 31, 1998 shows assets in excess of $8.7 million.
In August 1998, the Company acquired a Houston-based operation called Total Building Systems, Inc. That company alone is projected to generate $30 million in revenues during the coming year, at a substantial profit.
MegaWorld is poised to take advantage of this momentum by adding to the core of the businesses already in place, without incurring the expense of heavy finance charges. Our criteria for acquiring additional companies are the existence of experienced management and an above average return on investment. MegaWorld is strongly positioned to take advantage of these opportunities, and to grow substantially in the years ahead.
In summary, MegaWorld, Inc. is on the threshold of significant growth in the months immediately ahead. The following is a brief summary of the Company's present activities.
1.INTERNET TELECOMMUNICATIONS
MegaWorld has recruited experienced personnel and purchased equipment for the introduction of a new Internet Telephone Service, which will provide its subscribers with substantial savings on international telephone calls to and from selected cities throughout the world.
MegaWorld will be the wholesale supplier of Internet telephone services to domestic facilities based providers in the U.S.A. and other selected countries utilising gateway switches linked to the Internet. There are approximately 1,000 telephone service providers in the USA alone, whose major requirements are, and will continue to be, the quality of transmission and the cost per minute, in both of which factors MegaWorld exceeds all standards of effectiveness.
MegaWorld has the appropriate experience, knowledge and expertise, coupled with its new, state-of-the-art equipment within its Internet Telephone Division, to gain a substantial share of this growing market at a significant profit.
The Company has signed contracts with US service providers to begin our first on-line facility between the United States and Jamaica starting this August. MegaWorld anticipates that the annual sales in this market alone will be in excess of $5 million. In addition to this link, we fully expect to enter other countries throughout the world before the end of this year.
2.INTERNATIONAL TIME-SHARE OPERATIONS
MegaWorld has acquired a European castle as the first development of a new time share operation. Called Castello Torre Ratti, the castle is located in a picturesque area between Milan and Genoa. It will ultimately include up to 100 resort timeshare units, many in surrounding villas, to be sold on a weekly interval basis starting from $17,000 per unit.
The grounds of the castle will house facilities including a restaurant, conference center, tennis, archery, swimming, horseback riding and a planned 18 hole golf course. The whole complex has been independently valued at $11.9 million.
The castle is the first of a number of new and unique time-share locations to be operated internationally by MegaWorld.
MegaWorld has now completed a marketing contract with Global Marketing Group to immediately commence the sale of time-share units at the castle, and it is anticipated that the cashflow will exceed a net profit of $4 million per annum over the next three years.
3.THE MULTIMEDIA PUBLISHING GROUP
The centerpiece of MegaWorld's multimedia operation is a new magazine called NYC-New York City Magazine, the first publication that can truly be called New York's Metropolitan publication. The first issue, published in May, is a collector's edition, containing 96 pages of articles and photographs depicting all the aspects that make New York the capital of the world.
The magazine is an upbeat, first class, full color, glossy publication from cover to cover, a true reflection of the best that New York has to offer.
The publication has met with highly favorable comments from many sources and the advertising sales activity has begun with respect to the second issue, scheduled for the publication this Fall. Other magazines and books are now in the planning stage.
4.THE 1-900 USA PROGRAM FOR CHARITIES
MegaWorld has entered into a formal commitment with two charities to provide a service whereby a telephone call made to a 1-900 number automatically creates a contribution to the charity. Other long distance discount plans are also available to each charity. MegaWorld will receive a marketing fee for the provision of these services.
Legal Disclaimer:
The materials contained on the CAE site have been culled from sources deemed reliable and are for the sole purpose of providing general information.
Furthermore, nothing contained in this site shall constitute an offer to sell, solicit, or buy securities or investment advice. Investment in any security mentioned herein involves a very high degree of risk and should not be considered without first reading the company's most recent financial statements and any other information deemed appropriate and consulting one's financial, tax, and legal advisors.
Certain statements contained herein are forward-looking information and statements. The reader is cautioned that all forward-looking statements are necessarily speculative. Any statements contained herein or incorporated here by reference that are not statements of historical fact may be deemed to be forward-looking statements.
Without limiting the forgoing, the words "believes," "anticipates", "plans," "expects", "projects" "forecasts", "should", "could" and similar expressions are intended to identify forward-looking statements. The Company does not have a policy of updating or revising forward-looking statements and thus it should not be assumed that silence by management of the Company over time means that actual events are bearing out as estimated in such forward looking statements. There are a number of important factors that could cause actual events or the Company's actual results to differ from those indicated by such forward-looking statements.
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