To: JRO who wrote (15048 ) 4/29/1999 10:30:00 AM From: Joe Griffin Read Replies (2) | Respond to of 25711
WALL STREET RESEARCH GROUP HOME Buy Recommendation April 23, 1999 Special Report CASINOPIRATA.COM, LTD. (OTC BB: CSIN) Shares Outstanding: 6,143,000 Active Float: 400,000 Recent Price: $1.06 52 Week Bid Range: $0.37-$1.57 Capitalization: $6,511,580 1999 EPS: $0.44 2000 EPS: $1.21 P/E Ratio: 2.5/1 Debt: NONE Dividend Yield: N/A Year Ending December 31 1999 (E) 2000 (E) 2001 (E) 2002 (E) 2003 (E) Revenues (wagering)Mil $18 $58 $128 $214 $310 Earnings (millions) $2.7 $8.7 $19.2 $32.1 $46.5 Shares Outstanding (millions) 6.14 7.2 7.9 8.4 9.0 Earnings per share $0.44 $1.21 $2.43 $3.82 $5.17 Projected Price P/E Ratio of 20/1 $8.80 $24.20 $48.60 $76.40 $103.40 Business Summary: On March 15th, 1999, Casino Pirata.com, Ltd. (OTC BB: CSIN), formerly known as Simulator Systems, Inc, took advantage of an opportunity to become a participating member of the huge new growth industry of Internet-based gambling. By aligning itself with WorldNet Gaming, one of the leaders in this field, the Company has positioned itself to take full advantage of the tremendous potential offered through this affiliation. Casino Pirata.com, Ltd. is a theme-based Casino and Sportsbook gaming system offering Las Vegas odds and payoffs with the most advanced Internet sports wagering software offered anywhere. Through exclusive Sportsbook software, a player can wager on Point Spreads, Overs, Unders, Money Lines, Run Lines, Puck Lines, Parlays, Round Robins and Teasers. Players can mix any sports and/or wager types desired in parlays and round robins; and also buy points on any football or basketball side or total. Additionally, players can play pitchers as Action, Listed, Selected, or Opposition. This exclusive Sportsbook software provides players with the versatility and excitement of Vegas-style gambling from the comfort of their home computer.