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DATAWAVE VENDING INC. Wireless electronic merchandising technologies. Symbol: DTV Exchange: Vancouver (Senior Board) Current Price: $1.18 (08/19/96) 12 month range: $0.95 - $1.66 Shares OS: 18 million Datawave's proprietary technology -- the ability to conduct secure, wireless transactions from thousands of unmanned kiosks conveniently located for today's busy customer. After years of R&D, Datawave began marketing its systems in October '95 and is now on the verge of expanding its revenues dramatically. The company has forged strategic alliances with industry leaders such as MCI Telecommunications, Ram Communications and Cantel Cellular. Datawave's clients include Amtrak, New York/New Jersey Port Authority, K-Mart, Denny's and Budget Rent-A- Car, to name a few. Datawave is positioned to dominate the exploding telecommunications area of TeleCards (prepaid long-distance telephone cards) as well as other products and services requiring real-time network transaction processing such as prepaid cellular, personal communications systems (PCS) and Smart Cards. The company already has over 500 Datawave Telecard Machines (DTM) in place and revenues are growing rapidly to exceed $225,000 per month as of March '96. As indicated, Datawave is already generating revenues from its operations, but this is only the beginning. Revenues are derived from reselling long distance time, licensing and pocessing fees, DTM sales and promotional or fund-raising programs. Revenues for fiscal 1996 ended March 31 were $1.75 million. Tom Kinakin (Stockline) expects revenues for the next 12 months to exceed $15 million and reach more than $30 million the following year. Kinakin indicates that earnings will grow proportionately. He predicts EPS of $0.06 to $0.10 for fiscal 1997 and an explosion to more than $0.30 in 1998 because of a greater number of kiosks in place and wider acceptance of the product. Kinakin recommends purchase of Datawave Vending Inc. below $1.50 Cdn. His target is for $2 to $3 by the end of November/96 and climbing to at least $6.00 over the next 2 years. For additional information on DataWave, contact Stace Willis or Grant Howard at 403-221-0915. E-mail address: howard@capitalideas.com DataWave's URL: datawave.ca HAPPY INVESTING! Kevin | ||||||||||||||
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