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I was amazed that a (ETCH) board wasn't on SI? So I decided to start one! The following information was copied and pasted from RB, and credit is given to "bidcom" for providing this "DD" info... SYMBOL: ETCH CURRENT PRICE: $1.50 52 WEEK HIGH: $10 3/16 ESTIMATED CURRENT FLOAT: 3.5 MILLION COMPANY WEBSITE elitetech.com PENDING ACQUISITIONS FEBRUARY 28 NEWS RELEASE 3 INTERNET AQUISITIONS (ADDING $17 MM IN REVENUE AS PER SEC FILINGS) NEAR COMPLETION The 3 Companies are focused around the internet: 1) INTERNET KIOSKS (AMG is a company based in the Atlanta area providing internet kiosks to the hotel, airport, entertainment and other industries) 2) TRAVEL 3) CONTENT. (Primary activity involves Internet connectivity and content for public schools) COMPANY PROFILE: stockprofiles.com SHARE STRUCTURE: ragingbull.com POTENTIAL ETCH FAIR VALUE ETCH is incredibly undervalued. Consider that ESTN (Canadian OTC) specializes in Internet Kiosks only and has a market cap of $120 million. ETCH has much more than Internet Kiosks as summarized in the following Business summary. With 30 Million shares outstanding, ETCH has a maket cap of only $31 million. Another interesting comparison is to WIZZF which has been the hottest Internet Incubator on the OTC BB: WIZZF Market Capitalization $123.9M Shares Outstanding 41.3M Float 37.6M SALES LAST 6 MONTHS: $2 MILLION Price/sales ratio: 31 ETCH Market Capitalization $45M Shares Outstanding 30 M Float 3.5 M Projected sales after aquisitions: $25 MILLION Forward Price/Sales ratio: 1.8 Conclusion: ETCH incredibly undervalued!! ETCH BUSINESS INTERESTS: E-COMMERCE: Elite Technologies already provides Internet services through Elitetech.com, which provides web hosting, web development, and e-commerce services on the internet. Elite's other two divisions, Elite Integration and Workstream Staffing provide custom software development, integration and implementation, and technical staffing augmentation services. SOFTWARE: Elite Technologies is also an integration and reseller of Eastman Software and a premier partner with Hewlett Packard. Products through Eastman include document imaging, workflow and COLD (Computer Output to Laser Disc). ONLINE BRIDAL SERVICES Virtual Enterprise, Inc. Effective April 1, 1999, the Company acquired 100% of the equity interest of Virtual Enterprise, Inc., an Internet development company whose on-line wedding portal, virtualbride.com, is being positioned by the Company for a national rollout. Plus 3 more aquisistions adding $17 million in revenue. Here is summary of the Internet Kiosk Acquisition: INTERNET KIOSKS: ATLANTA--(BUSINESS WIRE)--Feb. 14, 2000--Elite Technologies Inc. (OTCBB:ETCH - news) announced today that it has reached an agreement to purchase 100% of AMG Ltd. AMG is a company based in the Atlanta area providing internet kiosks to the hotel, airport, entertainment and other industries. The kiosks, which allow the user to browse the Internet, retrieve email, and other Internet based activities on a pay by minute basis, uses a proprietary software system developed by AMG. AMG is a profitable, growing venture, which is seeking to expand itself internationally. Elite will provide marketing, working capital via its debt financing, as well as management assistance. Plus 3 more aquisistions by the end of the month adding $17 million in revenue. | ||||||||||||||
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