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To: Fuza who wrote (1370)3/10/1999 10:12:00 AM
From: Chris Forte  Read Replies (1) | Respond to of 1530
 
Fuza, I have to agree with you, ABYT is a good little company. Here's a few facts and figures...

Made .07 eps last year, and that's without any benefit from their new internet transaction service called H-Net.

7.4 million shares outstanding
2.0 million float

Provides software and management tools for optometrists and other vision care folks. Present client list includes LensCrafters, Pearle Vision, Wal-Mart's Sam's Stores, ECCA and many independents.

H-Net will connect an optometrist to labs, insurance companies and suppliers via the internet. H-Net will be transaction driven (ABYT will earn a fee each time frames or lenses are ordered, insurance is submitted or verified, etc...)

Despite heavy investment costs in developing H-Net, ABYT was still able to generate a healthy bottom line in 1998.

Stock was about .65 a few weeks ago and then rocketed to $4.75. Over the last few days ABYT has drifted back to the low $2's

Right now it's up .31 to $2.81

Alpha Bytes (ABYT) 905-475-3249

Chris