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[alexed]

NetCommerce Inc.
NEET (OTCBB)
12 Month Price Range $.05-$3.00
Recent Price $.065-$.07
Current Annual Revenue $2.7 million
Shares Outstanding 35 million
Estimated Float 7 million
http://www.neetstock.com/




A major restructuring is underway with the sales force outsourced, overhead
cut by $65,000 per month, and most importantly, the acquisition of a company
almost four times their size.
In November, 2000, the company brought in Donald Prosser, CPA, who is a
professional turnaround specialist. Mr Prosser has been involved in many
small cap start-ups and turnarounds in the past. The first order was to cut
overhead, which the company did by outsourcing the sales force and paying
strictly a straight commission. Not only did this cut $65,000 per month from
the overhead, sales went from $270,000 in the August, 2000 quarter, to a rate
of between $75,000 to $100,000 per week.
The company current runs 3 businesses; easysearch.com, askourcity.com, and
netcapital.com, all of which can be found at the company’s website,
http://www.neetstock.com/ . On November 17, 2000 the company announced a
letter of intent to acquire NewData Strategies of Dallas TX. NewData is a $11
million per year business and one of only 18 Microsoft Solution Provider &
Partner
of their size in the country. This acquisition is expected to close after the
first of the year and have a profound impact on this company.
Tax loss selling has been brutal to this company, as it has so many small
stocks this year. With about 2 weeks left in the year that will soon come to
an end and the company will start a new calendar year with a major
acquisition therefore starting the new year as basically a new company.

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