| An SI Board Since July 1998 |
| Posts |
SubjectMarks |
Bans |
Symbol |
| 47 |
3 |
0
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DMEM |
| Emcee:
DR.
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Type:
Unmoderated
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(DMEM) Data 1 Inc is one to watch!!
The company is a holding company with several avenues of business already. These include:-
Hy-Tek Inc of Sarasota, FL specialises in the marketing and distribution of leading edge computer components with a focus on the computer memeory industry. Projected sales for the next twelve months for Hy-Tek are $10,000,000.
InfraLiner Systems Inc. In a press release of 15 July, 1998 it has been announced by Data 1 that they have reached an agreement in principal to acquire 80% of InfraLiner Systems. The company has developed a proprietary acid and chemical resistant liner which bonds to wet materials which include concrete, brick, clay pipe, PVC pipe, steel, sand and other aggregates. InfraLiner has applications in the rehabilitation and new construction of sewers, underground utilities, pipes, marine structures, bridges, tunnels, concrete and steel structures. Basically, if a surface is subject to deterioration or leaks, InfraLiner will provide the most cost effective solution to the problem. InfraLiner (ILS) expects to book $20mm in revenues during the next twelve months.
Announcements are pending on a third business in the near future.
Data 1 Inc. (DMEM) has 19 million shares out and a public float of 6,300,000 shares and trades at around $0.08 with a twelve month range of $0.05 to $0.17
Volume is on average 100,000 shares a day. Today it has traded over 200,000!! Liquidity is king!!
Trading at around the lows of it's range I would say this is definately a stock to accumulate!! The news out today should back this up!!!
As I know more I will continue to post but if anyone out there can tell me more please do!!
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