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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: The SPHINX who wrote (7109)	3/1/1999 10:44:00 PM
From: RICE	Respond to of 11130

DBDY is ready to go !!! Stock should move this week. I have been informed from a source in an IR firm that they will be promoting DBDY and helping to raise the stock price by trying to get all the business world informed about the stock with a major push on it this week. They believe that they are a turnaround company that has all their ducks in line and are in the best shape ever. They think it is undervalued and should be worth 5 times its current price and they are getting 15% net margins on their day to day business..They have also just acquired a gold mine. This is a great opportunity to get in at these levels. Selling has dried up on low volume. Below is a corporate profile that was sent to me along with some pertinent DD to follow including an excellent conversation I had today with the Director of the company and I also confirmed the Plant was in full force : Double Day Inc. Symbol: DBDY Current Price: $ .20 52 week high: $.45 52 week low: $.05 Public Float: 6,200,000 Revenues 1999: $ 4.6 million (est) Revenues 2000: $ 6.4 million (est) Double Day Inc. is a resources recycling firm that specializes in the conversion of non-hazourdous waste to produce such products as synthetic ferrous scrap briquettes, met coke pellets, metal free sand and coal briquettes. These products are marketed in the steel, foundry, cement and other energy industries. Management: Director: Leonard Labuda (216) 524-4400 President: Edward Kane (410) 832-0092 Plant:(330) 847-0536 contact e-mail DoubleDayInc@yahoo.com ====================================================== Double Day Inc has been restructured over the past two years. The company is now in a much stronger position than ever before. Operating three recycling plants in Ohio and Pennsylvania, Double Day expects revenues of $4.6 million for fiscal 1999 of which $2.3 million will be received from a section 29 energy tax credit grant from the government. In the year 2000 the company expects revenues to exceed $6.4 million. The company has recently announced an acquisition of gold mining rights in Canada. This is a producing mine and Double Day will act as a passive investor. The management felt that the acquisition represented value and would enhance shareholder equity. In summary Double Day Inc. (DBDY) is in a position to be profitable and to pursue acquisitions to broaden the revenue base for the future. ======================================================Leonard Labuda today told me that the company is working hard and diligently on a lot of great things that will be happening soon. He said the company definitely warrant a very close look. He said all information that will be coming from Double Day will be all positive from here on in, they have a lot of projects they are currently working on . He said we should expect an announcement in the next 2 weeks and probably a second announcement to immediately follow. He said company is righting their ship and their will be a major turnaround. I also placed a call to their Plant where a gentleman informed me that they are producing and manufacturing everyday. All in all I got a good feeling for the company and picked up some shares late last week. ====================================================== Past Two PR'S go2net.newsalert.com.