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This company trades on the Toronto OTC under the symbol GENI. The homepage is located at galavu.com. There are 11,988,575 shares outstanding. The current price is $1.20/share cdn. To quote the description of this company from the most recent news releases: "GalaVu Entertainment Inc. provides leading-edge entertainment and information services to the global hospitality industry, with a strategic market focus on the unserved small and midsized property segment. Utilizing proprietary technology, GalaVu's interactive system provides a wide range of affordable, in-room entertainment packages. Marketed under the 'Round-the-Clock Entertainment brand, Galavu's suite of products includes premium television programming, live sporting events, hollywood movies on demand, video games and other information and entertainment services." Between November 19th and January 28th, 1997 the following releases were issued by the company: November 19th 1996 ---> Company signs a $30 million deal with Journey's End Corporation (JEM.TSE) newswire.ca January 21, 1997 ---> Days Inns - Canada picks Gala-vu for in room entertainment. newswire.ca January 28th 1997 ---> Gala-vu signs letter of intent for purchase of Rogers Hotel Division - TWC newswire.ca February 12th 1997 ---> Gala-vu announces very reputable additions to the management team. newswire.ca February 18th 1997 and 28th 1997 ---> The company announced the 8 months ended September 30th 1996 results and the 3 months ended December 31st 1996 results with positive comments for the upcoming quarters. newswire.ca newswire.ca April 8th 1997 ---> Company signs another contract, this time it is with Sandals Resorts in the Caribbean. newswire.ca With only 11,988,575 shares outstanding, the above contracts have not been reflected in the most recent earnings press release of the company (for the 3 months ending Decemeber 31, 1996). On May 6th, the company announced it obtained 15.9 million in bank financing from CIBC Wood Gundy Media and Telecommunications group. I like this company as the product is great, and big deals have been signed.This stock is undiscovered in my opinion. I hope you do some research and participate on this thread. Hope to hear from you soon. | ||||||||||||
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