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Featured Company - April 1996 Largest Banks In The World Employ Software Created By Turn-Around Stock of the Decade Investors Could Put Millions In The Bank On Skyrocketing High Tech --------------------------------------------------------------- Nobody would dispute the fact that we are living in the Computer Age. While the microchip provides us with the ability to ascend to previously unattainable zeniths, it has also created opportunities for the unscrupulous to commit white collar crimes from remote locations with nearly total anonymity. For instance, you've probably read about the teenage hacker who entered the "Top Secret" computer domain of the C.I.A. and nearly gained access to nuclear launch codes before he was shortcut by government security. Twenty-first century hackers are the modern day Jesse James Gang, but robbing banks no longer requires a gun and holster. Within minutes, clever hackers can transfer hundreds of thousands of dollars to accounts anywhere in the world with a few keystrokes, and the rest is history. Financial institutions are constantly challenged to provide state-of-the-art computer systems to prevent the invasion of internal data. The fact is that financial institutions are constantly challenged to provide state-of-the-art computer systems that can prevent the invasion and manipulation of internal data by brainy computer hackers. Moreover, banking software systems are among the most sophisticated platforms in the world. The need for such high tech security is obvious. Consider the fact that industry insiders estimate the market for transaction and accounting processes used in banking to be nearly $15 billion and growing. Further, the bulk of this market is located overseas with the USA representing only about a third of the total revenue. MTi Features Cutting Edge Technology One company which is leading a major consolidation in the banking software business is Management Technologies, Inc. (MTi) (NASDAQ: MTCI). A large part of MTi's plan is to continue to develop and acquire the best technology in the banking business, while upgrading and enhancing the systems already in place within an impressive and loyal customer base. MTi Acquires Rights To McDonnell Information Systems To accomplish this task, MTi recently acquired McDonnell Information Systems Banking Systems Division (a former subsidiary of McDonnell Douglas). MDIS Banking Systems and its customer base is comprised of some 30 leading financial institutions, with branches operating in over 70 countries. This addition brings MTi's total customer base to over 150 financial institutions within excess of 13,000 users around the world. The MDIS acquisition should increase MTi's revenues by approximately 15% in 1996, making MTi an inviting investment opportunity. MTi's systems and services are utilized by more than 150 banking locations worldwide and supports more than 4,500 trading positions Many of the world's leading banks and financial institutions employ MTi's systems and services. Some of these include Bank of Ireland, Industrial Bank of Japan, Westdeutsche Landesbank, Bayerische Landesbank, Landesbank Rhineland-Pfalz, Banca di Roma (Italy's largest bank), Bank of Canada, UBS (Union Bank of Switzerland - the largest bank in existence), and Barclays Bank. In addition, MTi recently announced that Cariplo Bank in Italy, the largest savings bank in the world, selected the Company as a strategic global partner for the supply of international trading solutions and products. Also, MTi and Caisse National de Credit Agricole (CNCA), the largest bank in France, recently signed a contract for the ongoing maintenance of their sophisticated OpenTrade system which supports their trading operations. The Assistance and Global Support Services contract was previously held by Digital Equipment France. Classic Turn-around Could Be Money In The Bank Why are the top banks in the world working with MTi? Management Technologies, Inc. can best be described as a turn-around in progress. After being founded in 1980, the company was well positioned to skyrocket sales of its financial software and services market more than a decade ago. But, when management failed to reach its objectives, Wall Street virtually abandoned the company. However, less than two years ago, the operations side of the business took control, installed a new management team composed of savvy industry professionals, and embarked on an entirely new business plan focused on aggressive earnings and revenue growth. This new management team and staff invested personal funds to buy back blocks of the company's stock, while also further capitalizing enhanced company operations. Further, in March 1996, MTi employees demonstrated their confidence and support in this new management team by oversubscribing the first tranche of MTi's Employee Stock Ownership Plan by 167%, resulting in a capital inflow to the company of $1,250,000. Skyrocketing Revenues Expected To Continue Soaring The results have been nothing less than dramatic. MTi has cut losses in each of the last four quarters - and in fact, just recently posted their first profitable quarter in years. Moreover, annualized revenues have soared from only $4 million in 1994 to $18 million in 1995 and projects more than $35 million for 1996. MTi has seen its annualized revenues soar to more than $35 million, up from less than $18 million in 1995 and only $4 million in 1994. MTi is headquartered in London and maintains regional offices in Paris, Frankfurt, Singapore, and New York. The Company also has agents in all the major financial centers of the world. MTi has positioned itself, geographically speaking, to personally provide the highest quality products and support to the worldÕs most prolific financial centres. Global Banking Solutions Give MTi Competitive Edge One of MTi's competitive advantages is that its systems offer fully customized, multi-currency, multi-lingual and multi-branch environments. The MTi banking system also permits real-time transaction processing, meaning that the instant funds are posted to an account in Geneva, Switzerland, the transmitting bank in New York will post identical data. Prior to this technological enhancement, financial institutions risked losing hundreds of thousands, and in many cases, millions of dollars, to system time delays which could not accurately provide "real time" conversion rates. In the time it took the Geneva system to recognize thetransaction from New York, conversion rates from swiss francs to dollars may have shifted up or down - resulting in one bank losing. MTi Sets Sights On America MTi has proven to be very successful in providing custom solutions to financial institutions worldwide -- with one exception. In 1995, MTi's sales within the United States totalled $1-$2 million. Recognizing that the US market represents nearly one third of the entire global marketplace for banking systems and trading solutions, MTi has placed corporate emphasis onpenetrating and conquering the American banking industry. With its in-depth knowledge of the industry, MTi is perfectly positioned to capitalize on financial markets worldwide. In fact, Management has pledged that by the end of fiscal year 1998, which is less than 25 months away, United States clients will be generating nearly one half of the total company projected revenues, or roughly $50 million. If MTi's penetration into the U.S. market equals their success abroad, the Company is likely to achieve their goal of $100 million in annualized revenues by 1998. The Investor's Edge With a management team which has demonstrated a significant ability to maximize the strengths of the company, a marketing team that has amassed a virtual who's who of clientele, a dedicated staff which has grown from less than 50 people a few years ago but now numbers 270, and a superior range of products that are constantly being refined, it is easy to see how MTi is poised to become a major global supplier to the banking and financial industry. Don't wait until this stock takes off to realize you had advance notice on the technological advances and strategic partnerships this company has developed. To learn more about MTi, For additional information on this exciting company...Simply Click Here to Request a FREE Detailed Report on Management Technologies, Inc. --------------------------------------------------------------- MIKE | ||||||||||||
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