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TheCopperWire TCW feels that PRIM has unrecognized value and that it may warrant your further DD. PRIMEHOLDINGS.COM, INC. www.primeholdings.com PrimeHoldings.com, Inc. (formerly known as PrimeSource Communications Holdings, Inc.), OTC Bulletin Board: PRIM, serves as a holding group for high-growth, Internet-related technology companies, which together form a group which focuses on business intelligence and electronic commerce. Business executives are always on the lookout for a competitive advantage that favors accurate and timely business decisions. With holdings based on emerging and growth technologies, PrimeHoldings.com has formed a foundation of technologies that provides just that, thereby helping professionals gain the edge in the competitive business world. Standard and Poor's Editorial Board has approved PrimeHoldings.com for a full description in Standard and Poor's Corporation Records, and the company's full description was recently published in Standard and Poor's Daily News Section. Standard and Poor has also begun financial coverage of the company as part of the S&P Market Access Program. PrimeHoldings.com's company coverage is now available on Standard and Poor's Internet site, as well as S&P Marketscope and the S&P Stock Guide databases. Currently PrimeHoldings.com has the following subsidiaries as part of its holdings portfolio: bCard.net, a leader in "smart card" technologies; JustGiftIdeas.com, a new gift giving web site; GolfAgent.com, an online tee-time reservation system; Navilor, Inc., a leader in automated forms processing services; and UniQuest Communications, a top agency of telecommunications reseller UniDial, Inc. bCard.net bCard.net is the developer of a revolutionary Internet-based business-to-business information exchange that uses its own bCard* technology. The bCard* is a universal electronic business card, based on "smart cards" (also known as chip cards) that store, transfer, and otherwise manage information about business professionals and consumers. Unlike paper business cards, bCards* can store large amounts of digital information that can be easily shared and stored to aid in communication between business professionals and commerce between business entities. The market research firm Frost & Sullivan estimates that the "smart card" industry will be a $5 billion worldwide market by 2003. Trade shows, conferences, and corporate events are prime business environments where potential "smart card" communications and transactions occur. bCard.net is aware of the enormous potential for its own "smart card" technology and entered into an agreement with American Show Management, North America's largest producer of information technology exhibitions. Based on the agreement, bCard.net is now providing registration and exhibitor services to 45 of its U.S. events during 1999, and is expected to issue and manage more than 250,000 bCards* per year in a three-year pact valued at approximately $3-4 million. Numerous other business applications for bCards* have been identified and are in various stages of planning. At information technology exhibitions, bCards* are issued to qualified individuals, then bcard.net maintains a global database of card holder information. By controlling the information gathered, bCard.net becomes an Internet information broker (an infomediary) in the emerging Internet and "smart card" industry, thereby helping customers get the lowest price, widest selection, and best service possible in exchange for their personal data. As a trusted information broker, bCard.net provides an important link between businesses and their customers by providing secure and private means of communicating valuable information. In a unique web-based environment, exhibitors and event producers communicate back and forth with attendees in a non-intrusive manner. The bCard* holder has a bCard* account that is posted on a web site called bCard.net. Card holders choose a unique private user name and password and can access and update their bCard* information directly on the web site. This account acts as the interactive element in the business-to-business communication process. Information is posted to a bCard* holder's account and the card holder can elect to pull the information at will. With a bCard*, an individual controls the use of his/her personal information and commands a price for its use by commercial entities. When the holder uses his or her bCard* at an authorized participant station, the card is updated with the latest information. In return, the bCard* holder is rewarded for visiting bCard* program participants' stations and accumulates bCard* points. These points are redeemable for mileage on major airline programs and for rewards in other point-based programs. Never before has an event participant been provided with the ability to collect valuable points for visiting an exhibitor's booth or attending a paid conference. At trade shows and events, bCard.net* licenses its technology to third party registration companies, to trade show producers with in-house registration systems, to lead management companies, and to any operator wishing to use bCards*. Corporations, associations, and user groups issue bCards* to their clients, members, and prospects through sponsored mailings by bCard* program participants. bCard.net founders believe the company's global universal electronic business card technology will create a new Internet-based communications environment for business-to-business transactions and become a leading global business-to-business communications portal. bCard.net is also actively developing an Internet portal for the dissemination of information and for conducting e-commerce activities related to the bCard* affinity program. JustGiftIdeas.com, Inc. PrimeHoldings.com recently acquired JustGiftIdeas.com, Inc., an Internet company that is prepared to launch a new web site where consumers can go online for comprehensive information on where to shop for gifts, ideas for types of gifts to give, and special deals and discounts available through JustGiftIdeas.com affiliates. According to Jupiter Communications, gift giving is one of the Internet's fastest-growing e-commerce activities, accounting for 16% of all online purchases. During the 1998 holiday shopping season alone, Jupiter reports that consumers purchased more than $2.3 billion in gifts, up from $1.1 billion during the 1997 holiday season. A rapidly growing segment of the gift-giving market is teenagers and pre-teens, which Jupiter predicts will account for more than $1.3 billion in online purchases in 2002. A recent Ernst & Young study found that the number of retailers now offering products online rose from 12% in 1997 to 39% in 1998, fueling the growth in online shopping and gift giving. JustGiftIdeas.com gives PrimeHoldings.com the ability to take advantage of the rapidly growing demand for online gifts. It diversifies PrimeHoldings.com, adds strength to its e-commerce portfolio, and positions the company for accelerated future growth. GolfAgent.com GolfAgent is a U.S. online tee-time reservation system also recently acquired by PrimeHoldings.com. The GolfAgent system (www.golfagent.com), currently used extensively throughout Great Britain and Ireland, allows golfers to schedule their own tee-times at local or distant courses through the Internet. Participating golf courses use the local GolfAgent software to schedule tee-times via phone and can also synchronize their system with the GolfAgent server to make all open tee-times available for purchase on the GolfAgent web site. Alternatively, golfers can call GolfAgent's toll-free telephone line and speak to live representatives who can place the reservation for them. The Golf Agent system benefits golf courses by selling unreserved tee-times and by eliminating the overhead required to answer phone calls and place manual reservations. In exchange, GolfAgent receives a small percentage of each greens fee transaction. GolfAgent will also profit through planned affinity marketing programs with golf courses and golf-related product providers targeted at golfers who use the GolfAgent system. According to the National Golf Foundation, the number of golfers in the United States rose by 44% between 1986 and 1999, from 19.9 million to more than 26.4 million, making it one of the world's fastest growing leisure activities. In the same period, the number of golf courses rose 22% from 13,353 to 16,365*70% of which are open to the public. Total annual spending on golf equipment, related merchandise, and playing fees topped $16.3 billion in 1998. Golf is big business and the GolfAgent system in the United States puts PrimeHoldings.com in a great position to capitalize on this sure-fire business opportunity. GolfAgent makes PrimeHoldings.com an important presence in one of the fastest-growing consumer markets and provides a complementary partner to its other affinity marketing subsidiaries. PrimeHoldings.com has the infrastructure needed to grow the GolfAgent.com business and provides the marketing and sales expertise needed to make GolfAgent an actual means of selling golf-related products and services. The GolfAgent system has many features that are designed to attract golfers, but the key to the system is the ease of use provided to golf course owners. Using course management software (which GolfAgent can supply, or the club can use its existing software), golf courses can easily submit tee-times to the Internet server and retrieve information about existing reservations. The course remains firmly in control of its tee-times and can submit as many or as few tee-times as required for sale on the central server. All integration with the course's system is automatic, so no Internet knowledge is required. When tee-times are booked on the Internet, the golfer's details appear on the course's system as if the person had telephoned the course and an actual golf shop employee had taken the booking. All reservations are guaranteed by credit card over a secure SSL-based connection. Navilor, Inc. When PrimeHoldings.com joined its subsidiary PrimeSourceNet with the recently acquired operating assets of Intelisys, a new company, Navilor, Inc., was born. This PrimeHoldings.com company efficiently processes andmanages paper and data for large corporations and other major organizations, by capturing and converting paper-based information into a variety of electronic formats. A recent report from Gartner Group and AIIM International states that the document technologies industry is expected to grow from $13.2 billion in1998 to $41.6 billion in 2003. As demand for document processing technologies grows, so will demand for leading technologies and services such as those offered by Navilor. According to recent industry statistics, more than 80% of all business documents are paper forms, and the processing of those forms costs between 5% and 15% of the Fortune 500's annual revenues. Navilor technology and services bridge the gap between manual paper processes and electronic commerce. Navilor's state-of-the-art, high-volume service center provides real-time, around-the-clock, customized data processing solutions. In order to increase data accuracy and minimize human intervention, Navilor uses the Neural Cube* engine, an artificial intelligence technology which provides high recognition and accuracy rates of hand-written or machine-generated characters. Paper is first turned into images through high-speed scanning and image capture capabilities. Data is then extracted and processed by the Neural Cube* and stored online to be retrieved when needed. Navilor's complete service solution offers many benefits. For example, ú clients will reduce data-entry costs-the sophisticated service center reduces employee turnover, decreases management staffing problems, and enables personnel to focus on core functions. ú reduce capital investment-companies are able to focus on revenue-generating activities like core-competencies instead of paper processes, and the need to invest in expensive hardware, software, upgrades, and maintenance is eliminated. ú maintain technology edge- clients benefit from ongoing system enhancements, so there is no longer a need to worry about the latest software and hardware updates or the investment of additional technical training. ú send and receive data in any form-the automated service center receives and transmits customer data through all major communication media (i.e.mail, fax, electronic transfer, intranets, Internet, and client networks). ú eliminate backlog-Navilor assists clients in getting rid of piles of paper and is also able to process backlog and volume fluctuations quickly and efficiently. ú immediate reporting-reports and data updates can be processed daily, hourly, or immediately depending on the time sensitivity of the data. ú increase accuracy-the Neural Cube ú ensures accurate information the first time because of the power of lexicons (database lookups) and client-specific rules (i.e. a customer's name is verified against a social security number and address). ú bridge multiple, incompatible systems-gathering data from many sources can be a real challenge, but with the Navilor system, information is gathered from multiple locations or systems, data is transformed into single or multiple formats, then data is returned to one or many locations. ú rapid implementation and scaling-the Navilor system can process millions of forms per day and can handle volume peaks and increases, thereby eliminating data backlogs and temporary staffing. UniQuest Communications [Writer's Note: One press release referred to this subsidiary as UniQuest Communications, which is "a top agency of telecommunications reseller UniDial, Inc." I couldn't find any information on UniQuest but found a web site on UniDial with the following information taken directly from that web site. I'm not even sure, though, this is the right company, so we will need a lot more information about UniQuest and/or UniDial in order to do this section.) In the competitive world of telecommunications, one entrepreneur dared to have a simple idea. Why not offer customers the best competitive prices, with the convenience and trust of working with a true telecommunications consultant? From that one seed of an idea, UniDial Communications was born. Today, it's one of the fastest growing companies not just in telecom, but in the country. In 1993, the UniDial concept of "Simplicity, Service and Savings" was born. Soon, UniDial offered customers nationwide a wide array of telecom products, sold with flat rate pricing plans, on one bundled bill, and serviced by one knowledgeable sales agent. Today, UniDial is one of the nation's premiere full-service telecom companies, selling more than 200,000 customers nationwide services ranging from 1+ switched and toll-free long distance to calling cards, conferencing, Internet access, advanced data networking and more. UniDial has succeeded because they offer customers bundled services, the best pricing, and the best selection. It believes customers want one salesperson they can deal with who can help them use their telecom services to enhance their lives, or the bottom line of their business. The options become a lot clearer when they have the right advice and don't have to cut through the red tape and fine print seen in most telecom contracts. If UniDial's growth is any indication, customers agree. The company's revenues have grown by at least 40% every year since its founding in 1993. The company offers a wide array of some of the best telecom products in the business, including the following: ú Switched and dedicated phone services, including 1+ outbound and toll-free inbound ú Complete data networking services, including Frame Relay ú Calling cards and debit cards ú Sprint PCS wireless phones and service ú Nationwide Internet access, web page hosting and development services ú Billing software for customized billing reports ú Multimedia conference services ú Network marketing services for organizations who wish to sell customized telecom products to its members UniDial is not just a company, it is a nationwide network of more than 400 corporate service employees, over 600 independent authorized agents, 6,000 independent sub-agents and sales representatives, and a UniDial-employed direct sales force which will soon number over 150 salespeople nationally. UniDial has three corporate offices in Louisville, Kentucky. Other regional offices can be found in Denver, Colorado; Lexington, Kentucky; Boston, Massachusetts; Indianapolis, Indiana; Cleveland, Ohio; and San Diego and Newport Beach, California. Summary PrimeHoldings.com is intent on acquiring and managing a diverse portfolio of Internet-related companies that will yield an outstanding return on shareholder investment. Its commitment to maintain a rapid growth portfolio of Internet-based business will provide substantial shareholder growth in the short and long-term. PrimeHoldings.com is also looking to add to its portfolio other cutting-edge Internet-based and e-commerce companies over the next year. This will allow for PrimeHoldings.com companies to leverage technologies and services to provide explosive growth in their diversified Internet holdings. Recent related link: biz.yahoo.com Disclaimer/Disclosure: The writers of The Copper Wire are not Registered Investment Advisors or Brokers/dealers. It is the intent of The Copper Wire to identify and research companies that it believes might prove profitable investments. However The Copper Wire is not liable for any investment decisions by its readers and any use of the information provided is at the sole risk of the investor, who is strongly encouraged to do his or her research. The information contained herein is provided as an information service only and past performance of featured companies does not guarantee the future success of an investment in that company. The writer of TCW may, from time to time, hold positions in stocks featured in The Copper Wire or receive compensation for its services. The copper wire is anticipating 5,000 shares of ticker symbol: PRIM in compensation for its services. The Copper Wire relies on various sources of information that we believe to be accurate and reliable. However, TCW makes no claims or representations with regard to the accuracy, completeness or truthfulness of any material contained herein. | ||||||||||||
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