To: Sergio H who wrote (14464 ) 3/15/1999 6:54:00 AM From: Mr Metals Respond to of 29382
Not bad, eh? Monday March 15, 5:01 am Eastern Time Company Press Release Taylor Stuart Financial Announces Investment Opinion on LCS Golf Taylor Stuart Financial Initiates Coverage On LCS Golf With a Strong Buy and a Short Term Price Target of $5.00 Per Share NEW YORK--(BUSINESS WIRE)--March 15, 1999-- Conservatively Taylor Stuart Financial Believes the Company Will Achieve $10 Million in Revenue and $0.32-$0.35 a Share in Earnings in 1999 Over the last several years, golf has become one of the fastest-growing sports in the world. Tiger Woods' explosion on the pro tour has brought millions of new people both young and old to golf courses around the world. This new excitement brings tremendous opportunity into a business that LCS Golf is positioned to capitalize on. LCS Golf is a holding company specializing in the acquisition and subsequent management of companies offering both products and services to the golf-playing public. We believe these acquisitions will create tremendous value in the near future for shareholders looking for unique opportunities with great upside potential. Highlights: GolfUniverse.Com -- Well on its way to becoming the premier golf website. -- A directory of detailed information on 24,000 golf courses worldwide. -- A complimentary directory of golf-related suppliers of equipment, merchandise and other services. -- Universe cyber mall, which is an integral part of GolfUniverse.Com (currently operational but in the midst of being upgraded), will be the golfer's one stop shopping location for all products and supplies. -- A strategic alliance with Amazon and Digital River, giving GolfUniverse expanded marketing opportunities for golf-related books and software. PlayGolfNow.Com -- Offers golfers the ability to receive significant discounts at over 2,000 golf courses, 400 driving ranges, 3 golf schools, numerous car rental companies and 2,500 hotel locations throughout the United States and Canada. -- Provides a monthly newsletter to 150,000 Internet-based subscribers. -- Partnered with Major Internet Company, traditional companies as well as a selection of premier websites. These partners include Amazon, Digital River, Quest International, Golf Digest, Avis, Imall, PC World Shoppers and United States Schools of Golf. GolfPromo, Inc. -- Internet direct marketing company which has a database of 3.2 million golfers. -- Utilization of this database will enable LCSG to 1)Direct market specific Golf Universe and Play Golf Now products and services. 2)Direct market Mr. B Line III Line of therapeutic magnets, which include the Joe Namath signature line. 3)Offer marketing capability to other companies wishing to target market their own products, services and websites. Mister B III -- Manufacturer and distributor of therapeutic magnet products, with other interests in children and pet products. -- Well known customers include Arbor Drugs, Hills Department stores, Wal-Mart, J.C. Penny, Boscov, Montgomery Ward and many others. -- An infomercial is currently being produced, which will start airing in April 1999. Football legend Joe Namath will be the national spokesperson for Mr. B. Conclusion: LCS Golf is building tremendous value for shareholders in a rapidly growing industry. While most Internet-related companies are trading at very high valuations both on revenue per share and earnings per share, we believe that LCSG will achieve $10-$12 million in revenue plus $0.32-$0.35 per share. These numbers do not include their Cybermall, Infomercial, Golf Promo and many other developments the company is currently working on for investors. For investors seeking good growth at below market valuations LCSG is a MUST OWN. Note: All investments involve risk. The risk inherent in a particular security may or may not be appropriate for you. Please consult with your financial executive to obtain assistance in selecting appropriate investments. This report is published for informational purposes only and is not to be construed as an offer, nor the solicitation of an offer to sell or buy the security. The information contained herein is based on sources that we believe to be reliable, but make no guarantee or representation about the completeness of the statements or summaries of available data contained herein. This information is provided as of the date of this report and is subject to change without notice. Furthermore, the information in this report should be considered outdated 90 days after publication, or such earlier date as circumstances may require, and should not be relied on. Taylor Stuart Financial's officers, employees and clients own shares in this security. Taylor Stuart Financial also makes a market in this security and has an investment banking/consulting relationship with LCSG. Check blue status in your state. For additional information, please contact a Taylor Stuart Financial consultant at 800-259-0372. Contact: Taylor Stuart Financial, Lake Success 800/259-0372