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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (8380)	3/5/1999 12:02:00 PM
From: hoffy	Read Replies (1) \| Respond to of 15987

ACTC should rock the rest of the day and gap on monday after people read this news. Looks great ================================================================= Applied Cellular Technology Reports Record Revenue and Net Income for 1998, Increasing Over 100% From the Prior Year Corporate Reorganization And Name Change Announced PALM BEACH, Fla., March 5 /PRNewswire/ -- Applied Cellular Technology, Inc. (Nasdaq: ACTC - news) today reported revenue of $207.1 million for the year ended December 31, 1998, a 101% increase from the prior year when revenue of $103.2 million was reported. Operating income increased 60% for the same period, from $5.6 million reported in 1997 to $8.9 million for 1998. Net income for 1998 was $4.6 million, or $0.13 per share, compared to net income of $2.3 million, or $0.15 per share in 1997. From 1997 to 1998 EBITDA, (earnings before interest, taxes, depreciation and amortization) which is one measure of cash flow, grew from $7.5 million to $13.4 million, an 80% increase. The Company reported a 79% increase in revenue for the fourth quarter of 1998, growing from $31.1 million to $55.6 million. The Company also reported after-tax nonrecurring charges in the fourth quarter of approximately $1 million, or $0.02 per share, related to the final elimination of the Company's cellular business. Net income for the fourth quarter after these charges was $43,500 or $0.00 per share. This compares with net income for the fourth quarter of 1997 of $296,200, or $0.01 per share. In addition, during this three-month period Applied Cellular repurchased approximately 106,000 shares of its common stock under its share repurchase program announced on September 14, 1998. The Company has stated that it will continue to repurchase shares in 1999, subject to certain market conditions. Applied Cellular's Chairman and CEO, Richard J. Sullivan, commented, ''We are pleased with the results for 1998 which demonstrate our significant progress in growing our business and accumulating the critical mass we need to implement our plan to become a full-service integrated communications provider. Our balance sheet is rock solid and stockholders' equity grew by over 86% from a year ago. We are a company that at the end of 1998 had close to $66 million in current assets, less than $3 million of long-term debt and working capital of $15.1 million.'' Applied Cellular also announced that it has reorganized the company into five primary divisions to more effectively and efficiently provide integrated communications products and services to a broad base of businesses. In conjunction with this restructuring the Company is asking its shareholders at the June 5th Annual Meeting to approve a corporate name change to Applied Digital Solutions. Following approval of the Company's name change, Applied Cellular will begin trading on the the NASDAQ National Market System under the symbol ''ASDX''. The Company expects to recognize one-time expenses of approximately $0.04 per share in the first quarter of 1999 relating to this corporate reorganization. ''Over the last few months Applied Cellular has announced a number of strategic initiatives that should improve our operating performance and, ultimately, maximize shareholder value. Our decision to spin-off Inteletek and undertake an initial public offering of this company was an important step towards the refocusing of our company on the communications industry and we believe we are still on track to complete this offering by the end of the second quarter. We are seeing a growing demand from companies in all industries for a single communications solutions provider. These companies generally do not employ a dedicated communications staff and find it inefficient and burdensome to purchase communications hardware and software from a multitude of vendors. Applied Cellular will meet this market need by offering companies a full menu of communications products. By integrating our business units we will have a more complete package of services to sell, thereby enhancing and broadening our potential customer base.'' Applied Cellular's five divisions are organized as follows: Division Division President Network Infrastructure Anat Ebenstein Telecommunications James Shaver Communications Infrastructure David Gerber Internet Keith Bolton Application Technology To be Filled

To: Frederick Langford who wrote (8380)	3/5/1999 12:36:00 PM
From: Dave Gore	Respond to of 15987

ALL: spread on SYCD (now known as SYCD.com) is lower than ever. If you like this, now is the time 6 month high: $1.80 6 month low: .22 current 30x31 Fundamentals stronger than ever....in the last 2 weeks alone, a deal with MGM, ORION PICTURES and BANDAI, the largest toy company on the planet. They are the #1 player in a $225 million growing market. Their dealer network has increased from 700 to over 1100 in just the last 2 months. DAVE