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PCC Group, Inc. (PCCG) is a profitable company with excellent revenue and earnings growth that has been a wholesale distributor of Microcomputer products, selling to approximately 250 select value- added resellers and systems integrators. On 1/11/99 PCCG announced that they had formed an alliance with Ingram Micro that will play a significant role in the Company's on-line retail division, Computer Discount Center, Inc. Ingram Micro is the industry's largest distributor of major Microcomputer products. PCCG will utilize IM as the fulfillment house for PCCG's web site and the alliance allows PCCG to offer approximately 70,000 wholesale and retail computers and components. In 1998 revenues rose 25% to 79 million dollars and income from operations rose significantly from $.14 per share in 1997 to $.55 per share in 1998 based on 2,910,985 shares outstanding as of September 30, 1998. In 1998 the company restructured to focus on their core businesses and initiation of their on-line Internet retail site partnership with IM. After one-time restructuring charges PCCG earned $.08 per share in 1998. For 1Q 1999 PCCG earned $.16 per share fully diluted with strong quarter over quarter net profit and revenue growth. PCCG has about 1 million shares of tradeable float based upon 2.9 million outstanding with about 1.8 million privately held by insiders. This is a solidly run company with very limited visibility to date. Trading volume can be very light. Any kind of buying interest could result in rapid share price appreciation. Comments from others certainly appreciated. Thanks in advance. | ||||||||||||||
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