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FREFAX INC. (OTC BB: FFAX) Head Office: 2151 W. Hillsboro Blvd, Suite 204 Deerfield Beach, FL 33442 Tel: (954) 426-9105 Terry Franzke Subsidiary: 34 Civic Avenue Suite 204 Stouffville, Ontario Canada L4A 1H2 Tel: (905) 642-3553 Fax: (905) 642-6996 Shares: 6,038,000 issued and outstanding. 10,000,000 issued and restricted shares contingent upon $10,000,000 in Revenues achieved by October 2001. 750,000 shares in the float. No Warrants No Options FACTS ABOUT THE COMPANY * Proven technological breakthrough which eliminates the high cost of fax transmission by up to 50% or more. * The Frefax system is connected to the customer's fax machine which routes calls through our node (controller) at our Hub, providing the customer with virtually unlimited “free” faxing to destinations throughout North America. * Sales for the first eighteen months of operations were $2,150,000. * Operating profit is expected to exceed 57% of revenues. * The Company expects to have sales of approximately $15,000,000 in its next twelve months of operations and should earn in the area of $7,500,000 on a pre tax basis. The overall market potential for Frefax Inc. type system is anticipated to be in excess of $25 billion annually. Even with a minimal market penetration generating a client base of 25,000 users, Frefax would generate revenues of $28 million annually, resulting in pre tax profit of $15.8 million. With over 20 million fax machines in North America, Frefax projects a conservative customer base of 15,000 individual subscribers by the end of year one, generating revenues from monthly access fees for the period of $7,850,000. By the end of the first year, operations will generate sufficient returns to expand the network for global coverage and growth is projected to increase 100% annually for the first five years. Even at this rate, Frefax will only have captured one half of 1% of today's market in North America. In today's high tech stock sector, Frefax can be valued fully capitalized at $20.4 million, based on projected earnings and market capitalization rate of 14%. This figure is based on Frefax expanding into new markets and continuing to establish franchises, dealers and new customer accounts. With the ever expanding e-commerce market, and the need for efficient and cost effective advertisement, Frefax is on the ground floor as the innovative leader, poised to set the standard in the fax messaging industry. | ||||||||||||||
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