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GNII - GLOBENET INTERNATIONAL I INC - The next Amway? Please read the following very carefully. This company is on the right track and is growing the sales force by 4000 per MONTH and is projected to be 8000 per month by year end!! This is an international company and product can also be purchased over the INTERNET. I am excited about the prospects for this company. Any comments welcome. I do own this security. 1. Earnings are to be $0.76 per share. At only10 times earnings this is a $7+ stock. Amway trades at 13 times so that would value GNNI @ $9.88 ! 2. The growth rate for distributors being added is also better than expected 3. The distributor network is also investing in the company stock thru market purchases and possibly thru a commision purchase program. With the improved outlook for coordination between concepts and product, people, teamwork and capital,and that the shares appear tightly held by a core of shareholders closely monitoring developments, prospects for further appreciation in the near time appear bright. now here is info from the website: rbcglobenet.com COMPANY DESCRIPTION GlobeNet International I, Inc. (GNII) is a holding company founded by Clinton H. Howard, founder and former President of Carrington Laboratories. The corporate headquarters is located in Dallas, Texas. GNII markets its products through two subsidiaries, Royal BodyCare (RBC) and Great Xpectations (GX) which markets their products through an international network of independent home-based distributors. RBC markets a line of over 200 high quality nutritional supplements, vitamins, minerals, herbs and anti-oxidants and offers the breakthrough mineral catalyst, Flanagan Microcluster, which makes any nutrient more available to the body. RBC's personal care products include a collection of aloe-based skincare preparation. Branch offices and distributor points are in Canada, Indonesia, Japan, Sweden and South Korea. FINANCIAL HIGHLIGHTS 1. In October 1997 an internationally acclaimed religious leader helped the company financially totheir bottom line to the tune of $1.25 million. The additional capital was and will be will be used to finance the company's rapid expansion and current rate of sales growth, which has escalated over the past nine months from 5% per month to more than 15% per month. 2.Sales in the third quarter of 1997 were up 56% over the prior year and year to date sales were up 71% over the prior year. 3.Since March 1997, GNII has experienced a 143% increase in the number of new distributors signed up each month. more info to follow Joe PTG&LI !!! | ||||||||||||||
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