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Biotech / Medical : DTOX - CITA BIOMEDICAL, ULTRA RAPID OPIATE DETOXIFICATION -- Ignore unavailable to you. Want to Upgrade?

To: Frank Buck who wrote (23)	2/16/1999 10:28:00 PM
From: Cisco	Read Replies (1) \| Respond to of 96

I wonder if CITA has talked to Mayor Giuliani? In USA Today, 1/25/98, Barry R. McCaffrey, head of the Office of National Drug Control Policy noted that out of an estimated 810,000 heroin users in the United States about 115,000 were currently involved in methadone programs. In the same article it was noted that New York City Mayor Giuliani believes that there are too many methadone treatment programs and that he considered methadone merely a substitution of one addiction for another. Sounds to me, that the Mayor would be open to a visit from CITA!

To: Frank Buck who wrote (23)	2/17/1999 3:56:00 AM
From: Cisco	Read Replies (1) \| Respond to of 96

Consider the following numbers: If CITA ends up getting 1% of the 810,000 heroin addicts in the US in their centers that would be 8,100 patient per year. At $3,000 gross per patient that would be revenues of $24,3000,000. Apply a 30 times earnings to this number and divide by the outstanding number of shares and we will have a very attractive share price. I understand that 30 times earnings is a fair evaluation for this type of company. I am not exactly sure what the net earnings would be, but I was told by PR that if each of the first 4 centers did only 10 patients per month, 2,080 patients per year, that that would translate based on 30 times earnings to a $5 share price. With 3 centers opened, 3 centers close to being open, and 10 expected by year end, one would expect CITA to have a shot at the 1% within a couple of years. Based upon the above information that would be equal to a share price of around $19. Personaly, I would be happy with $5 within the next 18 months. Wouldn't it be nice, if their press releases mention their potential market!