GRFX hit a 52 week low today at 1 3/4's. Headed higher tomorrow?
I bet it does. Shouldn't be hard...look at that spread:
quote.yahoo.com
Cadapult Graphic Systems, Inc., to Launch SAMPLEPRINT.com
ALLENDALE, NJ--(BUSINESS WIRE)--Feb. 3, 1999--eCadapult a division of Cadapult Graphic Systems, Inc. (OTC BB:GRFX - news) a premier Value Added Reseller of computer graphics technology, announced today its plans to launch SAMPLEPRINT.com, a web site dedicated to helping business buyers evaluate color printer and copier products over the internet.
SAMPLEPRINT.com is designed to be the one stop information resource for business buyers of workgroup color printers and copiers. This site will act as an objective resource for buyers by providing product information, technical benchmarks, sample prints and more. One of the most critical decision making factors for buyers of color printing and copying equipment is the ability to evaluate the buyers own images and files printed from the devices they are considering. SAMPLEPRINT.com will allow any buyer to submit files via the internet to be printed and time tested on a variety of printer choices. This service provides a prospective business buyer with the ability to make a purchase decision based on the image quality of the print samples and additional information provided on the site.
SAMPLEPRINT.com will be created to support both buyers and manufacturers of workgroup color printers. With the market for color printers and copiers growing, the need for generating samples for buyers is about to explode. International Data Corporation forecasts the market for color printers in unit shipments is expected to grow at an average growth rate of 42.9% through the year 2001. SAMPLEPRINT.com will become a service to manufacturers by off loading their sample printing support requirements while providing an objective resource for the buyer.
''We believe that SAMPLEPRINT.com will be a critical service to our customers and vendor partners. In addition to revenue generated from the site, we expect SAMPLEPRINT.com to generate opportunities for printers and for the recurring revenue stream of supplies and service,'' states Michael W. Levin President.
Cadapult is currently in discussion with several leading printer manufacturers to support this site with printers and copiers and expects this site to formally launch during the spring of 1999.
About eCadapult:
eCadapult is the interactive division of Cadapult Graphic Systems. Inc. the premier value added reseller of computer graphics and internet technology. The mission of eCadapult is to offer value added services to the creative graphics community. In the next year eCadapult will offer three new services: GraphicsAuction.com an on-line auction for computer graphics equipment and related merchandise. SAMPLEPRINT.com, a one stop evaluation resource for buyers of color printing technology, and a to be named service that will use the Internet to provide an on-line portfolio of samples and information about creative-services professionals to potential buyers.
About Cadapult:
Cadapult Graphic Systems, Inc. is a systems integrator that provides computer graphics systems, peripherals, supplies and service to graphics and internet professionals. Cadapult offers a broad line of products and services that include digital color printers, copiers, graphics production solutions, animation systems for film and the internet, workstations, file servers, networks, color scanners and more. Cadapult's markets include advertising and marketing companies, printers, quick print shops, service bureaus, animators, industrial designers, as well as, the broad corporate market for color printers. Cadapult has relationships with Ricoh, Adobe, Hewlett Packard, Xerox, Inso, Microsoft, Intergraph, Tektronix, Silicon Graphics, Alias|Wavefront and others. 3D University is a division of Cadapult that is dedicated to training in 3D applications and other content creation tools. Company headquarters are in Allendale, New Jersey with regional offices in Boston, Massachusetts, New York City and Albany, New York. The corporation can be reached at 1-800-Cadapult or www.cadapult.com
This news release contains forward-looking statements and information that are based on management's beliefs, as well as assumptions made by, and information currently available to, management. These forward-looking statements are based on many assumptions and factors, and are subject to many conditions, including the Company's continuing ability to obtain additional financing, dependence on contracts with suppliers, competitive pricing for the Company's products, demand for the Company's products which depends upon the condition of the computer industry, and the effects of increased indebtedness as a result of the Company's business acquisitions. Except for the historical information contained in this news release, all forward-looking statements and information are estimates by the Company's management and are subject to various risks, uncertainties and other factors that may be beyond the Company's control and may cause results to differ from management's current expectations, which may cause actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.
Contact:
Fran Blanco, Cadapult Graphic Systems, Inc.
fblanco@cadapult.com (1-800-Cadapult)
www.cadapult.com
biz.yahoo.com
This news was released after the close. This should help GRPX tomorrow. I see this as a short term play only until we get more details on the business plan.
Regards, Jeff |
