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LQMT after 20 years, an industry is born. For the first time in the companies extended history it began shipping volume orders in July. It took 20 years to commercialize this space age material, but now it's here .
Other MMRF Sources of DD:
MMRF formerly FVRL: Good background info all in one post for new comers...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47849268
MMRF Video Chart
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52629612
PR Releases All In One
http://phx.corporate-ir.net/phoenix.zhtml?c=178404&p=irol-news&nyo=0
Top 5 Companies to Watch in HealthCare
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50531327
Possible Upcoming MMRF News:
Verizon Deal
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52383963
Could blow the lid of this very tightly coiled stock.
If it breaks and stays above ~.155 could be the Ginormous cup and handle scenario
Great Investment Idea: MMRF
About MMRGlobal, Inc.
MMRGlobal, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal Health Records ("PHRs") and electronic safe deposit box storage solutions, serving consumers, healthcare professionals, employers, insurance companies, and professional organizations and affinity groups. MyMedicalRecords enables individuals and families to access their medical records and other important documents, such as birth certificates, passports, insurance policies and wills, anytime from anywhere using the Internet. The MyMedicalRecords Personal Health Record is built on proprietary, patented technologies to allow documents, images and voicemail messages to be transmitted and stored in the system using a variety of methods, including fax, phone, or file upload without relying on any specific electronic medical record platform to populate a user's account. The Company's professional offering, MMRPro, is designed to give physicians' offices an easy and cost-effective solution to digitizing paper-based medical records and sharing them with patients in real time. MMR is an Independent Software Vendor Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare professionals. MMR is also an integrated service provider on Google Health. To learn more about MMRGlobal, Inc. and its products, visit www.mymedicalrecords.com and view the videos at www.mmrtheatre.com.
Electronic Medical Records Are Top Health Care IT Priority
The survey found that 85 percent of health care IT professionals are either working on an EMR project or plan to in the next 18 months. The second-highest priority for 52 percent of respondents was building health data warehouses. In third place, 47 percent of IT pros said that health information exchanges remained a top priority.
http://www.eweek.com/c/a/Health-Care-IT/Electronic-Medical-Records-Are-Top-Health-Care-IT-Priority-Survey-693288/
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MMR Pro is the cheapest EMR alternative. $22K-$23K over 3 years.
Competition: $35K+/year + monthly fees for updates and storage fees.
MMR Pro is the easiest EMR alternative to use. It does not change the way a doctor treats a patient. Physicians go about their work the same way and then put their work in a fax machine and it automatically is filed and stored in the appropriate file using bar codes that were used on the file.
Competition: May take months or years to streamline which can result in lost patients or much less patients being able to be seen in a day(less money made by doctor)
MMR Pro is branded in the name of the actual physician.
Competition: has GE and Allscripts in huge letters all over the place.
MMR Pro is the only EMR alternative that allows a physician to receive an additional flow of income. Physicians who use MMR Pro have the option to sell PHR upgrades to patients that would allow them to access their medical files for up to 10 family members instead of the read-only version they will have through MMR Pro. Every physician who does this will get a % of the sale.
Competition: non-existent
MMR Pro is the only EMR alternative that collects and stores images. This allows for encryption through a fax machine which proves to be much safer than anything else. Privacy insurance for up to $1M also exists.
Competition: No privacy insurance and data is collected allowing for no assurance that someone's medical files can be looked at and/or sold.
MMR Pro is the only EMR alternative that allows for information to be pre-populated through various industries: healthcare, insurance, financial, etc. and produces more than just a medical file.
Competition: just produces a medical file on most likely from just one doctor or hospital.
See for yourself at www.mymedicalrecordsmd.com
MMRF formerly FVRL: Good background info all in one post for new comers...
Obama to invest $50 Billion in Electronic Health Records
November 7, 2008 at 1:27 am
Obama is set to invest significantly in the adoption of standards-based electronic health records over the next 5 years:
Lower Health Care Costs by Investing in Electronic Information Technology Systems: A key feature of Barack Obama and Joe Biden’s health care plan is the use of health information technology to lower the cost of health care. Most medical records are still stored on paper, which makes them difficult to use to coordinate care, measure quality, or reduce medical errors. Processing paper claims also costs twice as much as processing electronic claims. Barack Obama and Joe Biden will invest $10 billion a year over the next five years to move the U.S. health care system to broad adoption of standards-based electronic health information systems, including electronic health records.
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Favrille and MyMedicalRecords.com, Inc. Plan to Complete Merger in January 2009
Wednesday December 24, 7:00 am ET
SAN DIEGO, Dec. 24 /PRNewswire-FirstCall/ -- Favrille, Inc. (OTC Bulletin Board: FVRL - News) and MyMedicalRecords.com, Inc. ("MMR"), a health information company focused on secure Web-based storage of electronic Personal Health Records (PHRs), announced today that their merger is now expected to close in January 2009.
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Bob Lorsch, CEO, MMRF
is a Los Angeles entrepreneur and philanthropist. He is Chairman and CEO of The RHL Group, Inc. http://www.rhlgroup.com, a business management and investment-holding corporation with interests in a number of companies. For over 20 years, Mr. Lorsch headed the Lorsch Creative Network, which blended marketing, advertising and interactive sales promotions using enhanced voice services for "blue chip" clients that included the ABC, CBS and NBC television networks, Campbell Soup Company, Procter & Gamble, Taco Bell, McDonalds and others. In 1994, he founded a pre-paid calling card company, SmarTalk TeleServices, Inc. SmarTalk went public in 1996 with a valuation of $57MM, and had a market cap of nearly $1 billion when Mr. Lorsch resigned as CEO in January 1998. Mr. Lorsch is a member of the Board of Trustees of the California Science Center which is the home of the Lorsch Family Pavilion; Member of the Board and of the Executive Committee of D.A.R.E. America; Member of the Board of Governors of the Los Angeles Police Historical Society; and Member of the Board of the Sheriff's Youth Foundation.
He has received numerous honors and awards, including D.A.R.E. America's "Future of America Award"; the Muscular Dystrophy Association's "Humanitarian of the Year Award"; the Starlight Children's Foundation's "Golden Wish Award"; and the Wildlife WayStation's "Paws of Fame Humanitarian Award." For his public spirit, Mr. Lorsch was awarded the prestigious "C" Flag Private Sector Initiative from the White House during the Reagan Administration for his work in raising millions of dollars for financing state and local earthquake preparedness education. His efforts for the cause, which include serving on numerous earthquake preparedness committees, have also earned him awards from the City and County of Los Angeles, the State of California and the Federal Emergency Management Agency (FEMA). Most recently, he was recognized by the U.S. Small Business Administration for his many years of contributions to disaster preparedness and as CEO of MyMedicalRecords.com http://www.MyMedicalRecords.com ("MMR"). MMR's gives people on-line access to medical records and other important life documents in an emergency. In July 2006, Lorsch was appointed to serve on the Personal Health Record Steering Committee of the Healthcare Information and Management Systems Society (HIMSS), whose membership is composed of leaders in the field of healthcare information technology. [2].
Mr. Lorsch is featured in numerous books including The Millionaire Zone, [3], The Engine Of America, and Barbarians Led By Bill Gates. He's also been featured on AOL.com [4] and numerous consumer and trade publications.
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MMRF incoming CEO rags to riches story....
http://askville.amazon.com/high-school-dropout-success-stories/AnswerViewer.do?requestId=34945238
Bob has raised his goals with each financial success. He took the prepaid calling card company to a market value of $1 billion in less than three years. His goal now, he says, is to make MyMedicalRecords a company worth $2 billion.
2 Billion market cap puts MMRF at $2 per share btw.....that's the CEO saying it not me....
This was stated back in 2006 when there was no $50B push for electronic records and No Barack Obama. IMO this is now more than a realistic goal and MMRF may surpass this by leaps and bounds!!!
Bob Lorsch has gone from high school almost-dropout, to one of the brains behind the original launch of Microsofts Windows, to creator of a prepaid calling card program that built his net worth to $100 million. Today, because he can sell himself, Bob has become a fixture in Los Angeles who is often seen hanging out with the likes of Elton John, Gene Simmons and Diana Ross.
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MMRF-Check out CEO's House....was featured on that TV show Famous Homes and Hideaways under the Living Large Segment. The home was built for the Sultan of Brunei before Lorsch bought it. Valued at 26 million dollars....He named it Lorschland.....available for TV shows etc....
Here's the website, lots of great photos....
http://lorschland.com/
MEDITERRANEAN MANSION
At the highest point in Beverly Hills.
Presiding over nearly three gated acres on its own knoll, this palatial estate commands majestic 360 degree vistas from the Pacific Ocean to the San Fernando Valley. Two cascading waterfalls are dramatically lit to frame a wedding Gazebo with its own landscaped grounds. A pool accented by a waterfall spa spans city lights afer dark. This magnificent Mediterranean-style residence, displaying marble floors, upholstered walls, and handcrafted moldings, is regally scaled and splendidly detailed throughout its 23,000 plus luxurious square feet. Less than 15 minutes Beverly Hills, Century City and Universal City.
LIVING LARGE – Bob Lorsch’s house Beverly Hills
This Beverly Hills hilltop palace has it all. Built on three sprawling acres, the twenty-four thousand square foot home was originally designed for a Sultan from Brunei. Today it’s home to Bob Lorsch, a business genius and self-made multi-millionaire. One of the richest men in the country, Lorsch has been known to throw lavish soirées for some very high profile guests. The mansion is worth 26 million dollars. But it’s not for sale, unless you can convince Bob to give up his dream palace.
http://www.hearstent.com/html/famous/FHHYr2/fshow12.html
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Board of Advisors:
Arthur M. Kassel-Chief of Law Enforcement Services,
California State Department of Mental Health
Buzz Aldrin, Ph.D.- NASA Astronaut
Bradley S. O'Leary- Political Strategist, Author and
President, Associated Television News
Richard A. Gephardt- Former House Minority Leader
Senior Executive, Goldman Sachs
Dr. James L. Spigarelli- CEO and President, Midwest Research Institute
The Honorable Daniel Goldin- Former NASA Administrator
JJ Virgin- Health Correspondent and Nutritionist
C. Rowland Hanson- Executive with Microsoft, Neutrogena, Nautilus and other corporations
"Sugar" Ray Leonard
Asa Hutchinson - Former Congressman and Under Secretary, Homeland Security
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MMRF’s Business Model (Short, Medium, & Long Term)Explains PHRs, EMRs, Biotechnology, and anything and everything else.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44946828
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MMRF believes it offers the only PHR that does not rely on any specific electronic medical record platform to populate a user’s account.
Based on its proprietary patent-pending technologies, the MMR system allows users and their medical providers to instantly fax paper records such as laboratory tests, radiology reports and physician’s notes into a secure, password-protected account through a unique, personal “Lifeline” telephone number where they can be digitally stored, shared and displayed online.
Based on its proprietary patent-pending technologies.....don't sell short the potential value of the MMR patent application being approved....MMR patent application info click link below:
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=34767750&txt2find=patent
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Story of how MMRF CEO Robert Lorsch helped put Microsoft and
Windows on the map....
Begun in 1979, COMDEX, the computer distributors’ exhibition, had become the scene, where industry go-getters had to be, and where opinion makers and trendsetters gathered in full force to see and be seen. By 1983, it was a huge phenomenon, and with all that ballyhoo, it was very difficult for any company, much less a small upstart like Microsoft, to be noticed at all.
Once Hanson knew that Microsoft would launch Windows at COMDEX, the entire communications department embarked on a mad frenzy. Gates had made it perfectly clear that the launch of Windows was the Super Bowl, and Gate didn’t want to play… he wanted to win. Knowing that, Hanson’s goal was two-fold: to make Windows a Phenomenon, and to create the buzz in the industry with Microsoft. Immediately, they faced huge obstacles.
For starters, all of Las Vegas was booked solid.
Hanson called Bob Lorsch, a marketing mastermind, with a Los Angeles-based sales promotion agency whom Hanson had used in crisis mode at Neutrogena.
Hanson said, “ I need to own Las Vegas during this event. I don’t care what the rules are. We need to rise above the clutter.”
Then Hanson warned his team, “We’re never going to get this done working through the normal channels. The normal channels are all taken. I mean this is an insane launch plan. I need to bring in somebody who can make the impossible happen. And you need to trust me. This guy is going to scare you because he is a little off the wall.”
When people showed up in Las Vegas, they were awestruck. There wasn’t a taxi on the Strip not promoting Windows. Stickers were all over the back seats of cabs; the drivers wore Windows buttons.
These same buttons were handed out at the booths of every hardware manufacturer that supported Windows. Each button had a number on it. If people could find someone else with a number that matched theirs, they could go to the Microsoft booth together and receive software, gifts and a bombast of Windows hype. In a Disnyesque mode, Lorsch also created wuppies—little fuzzy mice holding Windows flags—to promote Microsoft’s new mouse.
Lorsch was a magician who believed anything was possible and simply wouldn’t take no for an answer. He managed to get Windows 1.0 pillowcases placed in 20,000 Las Vegas hotel rooms. When half-asleep COMDEX attendees turned down their beds at night, they were astonished to find their pillows instructing them to stop by Microsoft’s booth. Windows 1.0 marketing materials were subversively slipped under hotel doors. Every day, during the entire week of COMDEX, Microsoft had new and different promotional materials delivered to the hotel rooms.
Microsoft’s competitors were crazed, but Gates and his marketing crew were ecstatic. People couldn’t go to bed without Windows. Microsoft had a Windows sign right outside the front lobby of the Las Vegas Convention Center. Microsoft was dancing in the end zone.
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MMR Information Systems’ MMRPro Seen as
Solution to Doctors’ Difficulties with EMR Systems
LOS ANGELES, CA (October 28, 2009) - MMR Information Systems’ (MMRF.OB) MMRPro, which enables
doctors who do not have an Electronic Medical Records (EMR) system to digitize and store paper records through a
secure Web-based portal, is envisioned as the bridge between fully paper-based medical offices and the adoption of
computerized medical records to qualify for stimulus funds under the American Recovery and Reinvestment Act
(ARRA).
Electronic Medical Records are being questioned, according to an article in Sunday’s Washington Post titled
“Electronic medical records not seen as a cure-all.” The article cited numerous instances of critical errors made by
large EMR systems, ranging from software bugs that misdiagnosed five people with herpes to another that
systematically gave adult doses of medicine to children. The article raised issues about the current effectiveness of
Health IT products, both in the United States and around the world.
Designed for small to mid-size physician practices, MMRPro (www.MyMedicalRecordsMD.com) offers a solution
to the EMR problem by allowing doctors to digitize patient records without resulting in a major makeover in how
they run their office or costly investments in a non-standardized EMR system. In addition to enabling doctors to
scan and digitize patient records, MMRPro will feature selected electronic order entry and e-prescribing, both of
which are meaningful use measurements to qualify for stimulus funds.
“MMRPro bridges the gap for the more than 85% of U.S. physicians who do not have an EMR system by allowing
them to enter the digital age without forcing them to try to make the immediate, expensive leap into nonstandardized
technology and change the way they practice medicine,” said Robert H. Lorsch, Chairman and CEO of
MMR Information Systems, Inc. “Mistakes cited in The Washington Post article are not likely to happen with
MMRPro,” he added.
MMRPro also includes a proprietary Kodak-branded hardware and software solution and costs a doctor’s office less
than $20,000 over three years for the entire system - a fraction of what would be spent on hardware, software and
training for a typical EMR in just one year.
MMRPro integrates proven technology that is at the core of any doctor’s office operation.
MMRPro also enables doctors to share their patients’ medical records in real time through a patient portal
(www.MMRPatientView.com) built on the same proprietary patented platform as its MyMedicalRecords Personal
Health Record (PHR) and Emergency View (www.MyMedicalRecords.com). Through the multilingual
MMRPatientView, patients can upgrade to a full-featured Personal Health Record account which has the potential
of reimbursing a physician for all out-of-pocket costs of the system.
“Our solution represents the true meaning of a meaningful use by allowing patients a complete copy of their patient
file in real time which they have access to in any medical emergency from any Internet-connected computer,”
Lorsch said, alluding to a comment in the above-referenced article made by an emergency room physician who
complained that “I can’t see my patients because I’m at a screen entering data.”
Physician dissatisfaction was another statistic cited in The Washington Post article; the article indicated that a
major portion of the physicians using EMR systems are now uninstalling them.
“MMR Pro does not require doctors to change the way they treat patients, handle information, train staff or run
their office,” Lorsch noted. “Our system allows doctors to use patient charts the same way they always have - only
with MMRPro, day-forward records are now digitized and accessible to the doctor through a secure, Web-based
portal.”
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MMR Information Systems, Inc. Completes Joint Venture Agreement With Unis-Tonghe Technology, a Division of Tsinghua Holdings in China
LOS ANGELES, CA, Jan 04, 2010 (MARKETWIRE via COMTEX) --
MMR Information Systems, Inc. (OTCBB: MMRF) ("MMR") and Unis-Tonghe Technology (Zhengzhou) Co., Ltd. ("UNIS"), confirmed today that they have signed a definitive Joint Venture Agreement to deploy a customized version of MMR's MyMedicalRecords proprietary Personal Health Record ("PHR") services and MMRPro professional document imaging and management solutions in China. UNIS, a subsidiary of Unisplendour Corporation Limited (SHE: 00938) (www.unis.cn), and a division of Tsinghua Holdings Co., Ltd., is one of China's leading IT firms, employing more than 25,000 people.
Luo Jianhui, Vice President and Chairman of Unisoft Group, Unis-Tonghe Technology, and Robert H. Lorsch, Chairman and Chief Executive Officer of MMR Information Systems, Inc., made the announcement. The Joint Venture, working with Nihilent, MMR's technology partner in India, will integrate the MyMedicalRecords PHR (www.mymedicalrecords.com) and MMRPro system (www.mymedicalrecordsmd.com) into an EMR health IT platform to be used in China's vast healthcare market. MMR also plans to work with UNIS to ultimately provide electronic safe deposit box storage solutions based on its MyEsafeDepositBox (www.myesafedepositbox.com) to the financial, legal and insurance industries, which UNIS will help MMR introduce in China.
UNIS intends to launch the MyMedicalRecords technology platform along with a Chinese Electronic Medical Records ("EMR") system using MMR and UNIS technology in support of a massive UNIS medical records development project for China's 18,000 public hospital system, which will also be offered to as many as 10,000 private hospitals throughout the country. China does not currently have a method of electronically acquiring, storing or transporting individual health records.
According to MMR CEO Robert H. Lorsch, "The Chinese version of MMR's popular Personal Health Record, plus integration of MMRPro into a Chinese EMR system, will benefit Chinese citizens by providing them access to copies of their own personal health information. Currently, the Chinese population has very limited access so clearly this solution will make it easier to share medical records throughout the public and private Chinese hospital system, which has not been easily done in the past. By enabling hospitals and doctors to share a patient's health history utilizing existing medical records, the best possible care can be provided while reducing medical costs to individuals and the government."
China's hospitals, located in over 4,000 cities, are not connected electronically. MMR and UNIS' technology and commercialization teams will employ UNIS' Cloud Computing Platforms in operating MyMedicalRecords systems in conjunction with the Ministry of Health and other government, financial, legal and medical entities in China in an effort to bring health care into a unified network to benefit patients.
Unis-Tonghe is a unit of Tsinghua Holdings, which Holtmeier describes as the “Hewlett-Packard of China,” with an estimated 25,000 employees.
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MMR Information Systems Shows Sharp Increase in Affinity Group and Corporate Usage Nearly 500,000 Users With Access to the MyMedicalRecords Personal Health Record and MyEsafeDepositBox.com Virtual Vault
LOS ANGELES, CA, Jun 29, 2009 (MARKETWIRE via COMTEX) --
MMR Information Systems, Inc. (OTCBB: MMRF) (the "Company"), which through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR") provides consumer-controlled Personal Health Records ("PHRs") (www.mymedicalrecords.com) and electronic safe deposit box storage solutions (www.myesafedepositbox.com), announced today that the number of members with access for use of the Company's products through corporate and affinity group benefits programs has surpassed the one-half million member mark, a 200% increase from 12 months ago.
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Biotechnology from FVRL being used to increase shareholder value
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47713713
As recently announced, MMR Information Systems is continuing to pursue opportunities presented by the Company's Intellectual Property assets, specifically data from Favrille's (the Company's pre-merger predecessor) vaccine trials for a project that theoretically could be used to predict the outcomes of patients vaccinated with idiotype vaccines. The Company has been advised that this project would seek to determine if it may be possible to predict which lymphoma patients vaccinated with a customized product made from their own tumor cells could conceivably mount a productive immune response against their own tumor. These assets may also have value to other biopharmaceutical companies, academic institutions and other entities.
The Company believes that such a project, if favorable, could have the potential to lead to a re-interpretation of the previous Favrille cancer vaccine trials. MMR is also actively pursuing development of its Anti-CD20 monoclonal antibody, including joint venture opportunities to fund pre-clinical trials.
Because of its interest in maximizing shareholder value of all of its assets, the Company will engage consultants to respond to opportunities that could maximize the value of the Company's pre-merger Favrille assets on a worldwide basis, the outcomes of which may not be known for some time. These assets include, but are not limited to, data from the Company's pre-merger clinical vaccine trials, the Specifid vaccine, and the anti-CD20 antibodies.
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Jan 21st Conference Call Summary
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47803163
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LOS ANGELES, CA, Mar 08, 2010 (MARKETWIRE via COMTEX) -- MMR Information Systems, Inc. (OTCBB: MMRF)
Later this month, I will give a presentation on MMR Information Systems, Inc. in San Francisco at the 2010 Health Technology Investment Forum. The one-day conference scheduled on March 25th will provide an opportunity for institutional investors and healthcare industry leaders to learn more about the Company and discover the latest trends and investment opportunities in health IT. In 2007, healthcare technology represented 54 percent of all deals in the healthcare industry totaling $172.9 billion. In 2009, healthcare spending reached $2.5 trillion, 17.3 percent of GDP, and is expected to reach 19.3 percent of GDP by the end of the decade. Investors will learn of the latest opportunities and emerging trends in this growth sector.
Now that we are back home from the Healthcare Information and Management Systems Society (HIMSS) Conference & Exhibition, the Company's first agenda item is to generate revenue from MMRPro by delivering and installing the first MMRPro units to physician offices for commercial use this month.
As many of you have contacted the Company with questions about the takeaway from HIMSS10, I am pleased to report that MMRPro was clearly demonstrated as a valuable tool that supports the convergence of paper-based and electronic medical records. We had our largest presence ever at the show and experienced more wide-ranging exposure due to the impact of national healthcare reform and the many more healthcare companies, hospital and physician group administrators, CIOs and CTOs, government representatives, the military, financial analysts, institutional investors and other healthcare professionals that were in attendance.
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March 2010 All In One Post
Not posted - MMR Pro has been seen as a paper management system not only for the healthcare inudstry, but also as a document management system for lawyers, insurance professionals, banking and financial companies, and can be offered to anyone else who sees this product as an opportunity to simplify and store paper or image based documents.
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Any posts I make are purely my own opinions and not those of the Companies I discuss.
MMRF........now on the verge of explosive growth
Sorry to hear the club didn't work out for you. I think ether matt or bob can change the name for you. NAIC stock pick's may be a good name. I like the NAIC Stock Selection Guide, but doing all the math is a pain, so I was glad to find http://www.quicken.com/investments/strategies/ . The only thing about NAIC that I didn't like is that they want you to use Dollar cost Averaging. I think Synchrovest, or the new Twinvest will work better.
Thanks lostcowboy, it looks like a nice site! Welcome to the board! As you can probably tell by the dates on this boards posts it isn't to busy. I have since dropped out of the club and if anyone would like to take over the board they would be welcome to! Providing the boards name is changed in the process!
Muell
Hi Muell, I though you would be interested in this site.
http://www.bivio.com/index.html They can handle your club bookkeeping for you.
Hi,as this club is a NAIC club I thought you would be interested in this page over at quicken.com http://www.quicken.com/investments/strategies/?symbol=
About two thirds of the way down the page you should see the NAIC section, if you click on the link strong interest stocks, you will get a screen of NAIC stocks to pick from. On the screen you have a pull down menu also.
Excellent post thanks for bringing it over!
Muell <g>
Here's a post I wrote in response to a series of questions on BIGB, but thought it might be of interest over here. I've encouraged Sara to come here with any further questions.
Lots of questions!
1. Do you have to be in a club to get the tools? Not at all. You can join the NAIC without being a
member of a club, and buy the paper forms, or (as I highly recommend) the software directly from
them. I did that -- was member of NAIC for several years before I found people to start a club with.
Or you can buy the Toolkit software directly from Investware at www.investware.com. Or you can
buy stuff from NAIC without even being a member, though you pay a bit more.
2. Do you work with a group? Yes, I do now. I find that the discussion and exchange of ideas is
extremely valuable. However, you don[t have to have a formal club to do that. We had a small group
that started out just studying together, no club, no formality, no dues. People dropped in and out.
After about a year we had a committed core group, and then we figured we knew enough to start the
club formally. But it's just fine to get a couple of people and just start studying. There's tons of stuff
on the NAIC site -- http://www.better-investing.org/. BTW, the NAIC manual, Starting and Running an
Investment Club, is misnamed -- a lot of it has to do with the investing philsophy and a clear
explanation of the tools -- the club stuff is only about a third of the book.
3. How do you measure cash flow per share? Easy. Just like PE, only using cash flow instead of
earnings. The ratio site Timh gave here a bit ago has the Price to Cash Flow and Price to Free Cash
Flow right there for you (URL below). Or you can calculate it yourself if you want to follow it for past
years. For myself, I just enter cash flow per share (which comes off of the S&P report and is
probably on ValueLine) in Toolkit instead of earnings, and it graphs it for me right there. But I don't try
to project cash flow -- I use it as an evaluative measure, not a predictive measure.
http://yahoo.marketguide.com/MGI/mg.asp?target=/stocks/companyinformation/ratio&Ticker=TGI
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Funny thing, but it seems that the harder I work, the luckier I get.
NorthWesterner,
Great idea !!!!
Consider it done !!!!!!!!!!!
http://www.investorshub.com/boards/board.asp?board_id=1003
Thanks for that GREAT post. Too bad IH doesn't have a "best of IH" thread -- I would nominate this in a heartbeat.
Buffett's Wise Words on Investing
Whitney Tilson believes that if one read, understood, and followed Warren Buffett's teachings -- and had the three T's of time, training and temperament -- investment success would be virtually guaranteed. But as shown in this article, which collects excerpts from Buffett's writings, his words are often timely as well as timeless.
Related Links
Watching Warren Buffett
The Arrogance of Stock Picking
Berkshire Hathaway Shareholder Letters
By Whitney Tilson
October 30, 2001
When I first started investing, a friend who was already in the business advised me to "Just go read all of Warren Buffett's shareholder letters. That's all you'll need to know." I think he was pretty much right.
That's not to denigrate the contributions to investment literature of Graham and Dodd, Philip Fisher, Peter Lynch, and others, but I firmly believe that if one read, understood, and followed Buffett's teachings -- and had the three T's of time, training, and temperament -- investment success would be virtually guaranteed. (Read Richard McCaffery's September column, "Watching Warren Buffett," for further discussion of this concept.)
Best of all, Buffett's letters dating back to 1977 are available for free on the website of Berkshire Hathaway (NYSE: BRK.A), which he runs. (I also recommend The Essays of Warren Buffett: Lessons for Corporate America as a more organized, efficient way to read them.) There's a lot of reading in those 24 letters, so I'd like to share my favorite quotes from them. In my opinion, these are among the wisest words ever written on investing.
The keys to investment success
"To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing, or emerging markets. You may, in fact, be better off knowing nothing of these. That, of course, is not the prevailing view at most business schools, whose finance curriculum tends to be dominated by such subjects. In our view, though, investment students need only two well-taught courses: How to Value a Business, and How to Think About Market Prices.
"Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily understandable business whose earnings are virtually certain to be materially higher 5, 10, and 20 years from now. Over time, you will find only a few companies that meet these standards -- so when you see one that qualifies, you should buy a meaningful amount of stock. You must also resist the temptation to stray from your guidelines: If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value."
-- 1996 Shareholder Letter
Ignore macroeconomic factors
"We try to price, rather than time, purchases. In our view, it is folly to forego buying shares in an outstanding business whose long-term future is predictable, because of short-term worries about an economy or a stock market that we know to be unpredictable. Why scrap an informed decision because of an uninformed guess?
"We purchased National Indemnity in 1967, See's in 1972, Buffalo News in 1977, Nebraska Furniture Mart in 1983, and Scott Fetzer in 1986 because those are the years they became available and because we thought the prices they carried were acceptable. In each case, we pondered what the business was likely to do, not what the Dow, the Fed, or the economy might do. If we see this approach as making sense in the purchase of businesses in their entirety, why should we change tack when we are purchasing small pieces of wonderful businesses in the stock market?"
-- 1994 Shareholder Letter
"We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and businessmen. Thirty years ago, no one could have foreseen the huge expansion of the Vietnam War, wage and price controls, two oil shocks, the resignation of a president, the dissolution of the Soviet Union, a one-day drop in the Dow of 508 points, or treasury bill yields fluctuating between 2.8% and 17.4%.
"But, surprise: None of these blockbuster events made the slightest dent in Ben Graham's investment principles. Nor did they render unsound the negotiated purchases of fine businesses at sensible prices. Imagine the cost to us, then, if we had let a fear of unknowns cause us to defer or alter the deployment of capital. Indeed, we have usually made our best purchases when apprehensions about some macro event were at a peak...
"A different set of major shocks is sure to occur in the next 30 years. We will neither try to predict these nor to profit from them. If we can identify businesses similar to those we have purchased in the past, external surprises will have little effect on our long-term results."
-- 1994 Shareholder Letter
Keep it simple!
"Our investments continue to be few in number and simple in concept: The truly big investment idea can usually be explained in a short paragraph. We like a business with enduring competitive advantages that is run by able and owner-oriented people. When these attributes exist, and when we can make purchases at sensible prices, it is hard to go wrong (a challenge we periodically manage to overcome).
"Investors should remember that their scorecard is not computed using Olympic-diving methods: Degree-of-difficulty doesn't count. If you are right about a business whose value is largely dependent on a single key factor that is both easy to understand and enduring, the payoff is the same as if you had correctly analyzed an investment alternative characterized by many constantly shifting and complex variables."
-- 1994 Shareholder Letter
Argument for buying great businesses
"We continually search for large businesses with understandable, enduring and mouth-watering economics that are run by able and shareholder-oriented managements. This focus doesn't guarantee results: We both have to buy at a sensible price and get business performance from our companies that validates our assessment. But this investment approach -- searching for the superstars -- offers us our only chance for real success. Charlie and I are simply not smart enough to get great results by adroitly buying and selling portions of far-from-great businesses."
-- 1991 Shareholder Letter
Welcome market declines
"[Many] investors who expect to be ongoing buyers of investments throughout their lifetimes... illogically become euphoric when stock prices rise and unhappy when they fall. They show no such confusion in their reaction to food prices: Knowing they are forever going to be buyers of food, they welcome falling prices and deplore price increases. (It's the seller of food who doesn't like declining prices.) Similarly, at the Buffalo News we would cheer lower prices for newsprint -- even though it would mean marking down the value of the large inventory of newsprint we always keep on hand -- because we know we are going to be perpetually buying the product.
"Identical reasoning guides our thinking about Berkshire's investments. We will be buying businesses -- or small parts of businesses, called stocks -- year in, year out as long as I live (and longer, if Berkshire's directors attend the seances I have scheduled). Given these intentions, declining prices for businesses benefit us, and rising prices hurt us.
"The most common cause of low prices is pessimism -- some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
"None of this means, however, that a business or stock is an intelligent purchase simply because it is unpopular; a contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling. Unfortunately, Bertrand Russell's observation about life in general applies with unusual force in the financial world: 'Most men would rather die than think. Many do.'"
-- 1990 Shareholder Letter
Don't confuse growth with sustainable competitive advantage
"The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage. The products or services that have wide, sustainable moats around them are the ones that deliver rewards to investors.
-- Fortune magazine, 11/22/99
(OK, so I cheated and included a quote that's not from one of Buffett's shareholder letters. Mea culpa.)
Conclusion
Buffett's word's are often timely as well as timeless. If there's one sentence I'd urge you to keep in mind during these tumultuous times, it's this one, from the 1994 letter: "Fear is the foe of the faddist, but the friend of the fundamentalist."
-- Whitney Tilson
Direct link to the webcast of the Gamecom/Ferris conference call today.
http://www.viavid.com/detailpage.asp?sid=971
Greg
Gamecom/Ferris ticker GAMZ conference Call tomorrow...
Friends and shareholders:
Attached is this morning's press release announcing our shareholder call-in conference set for tomorrow afternoon.
I am very pleased to be hosting this shareholder conference call; it's something we had long planned to do, and we intend to continue on a regular basis in the future.
Merger? New product initiatives? Olympic financing package? Results of Phoenix show? New acquisitions? These are all fair game for tomorrow, and I point out that, since the conference has been publicly announced, I am liberated somewhat from the normal "materiality" issues regarding insider information.
This is your chance to find out why management at GameCom/Ferris is so excited about your company's future, and I hope you will be listening in, or, even better, will join in for a question or two.
These are simply my personal comments, and should not be relied upon in your investment decisions. I strongly urge you to conduct your own due diligence with regard to an investment in GameCom/Ferris. I respectfully refer you to GameCom/Ferris' filings with the Securities and Exchange Commission.
L. Kelly Jones, GameCom/Ferris CEO
Tuesday October 9, 8:13 am Eastern Time
Press Release
SOURCE: GameCom Inc.
GameCom/Ferris to Host Shareholder Conference Call
ARLINGTON, Texas--(BUSINESS WIRE)--Oct. 9, 2001--GameCom Inc. (OTCBB:GAMZ - news; www.GameComInc.com and www.FerrisVR.com), a leader in interactive virtual reality and Internet gaming, today announced that the company's chief executive officer, L. Kelly Jones, will host a conference call to discuss its recent merger, financing, product initiatives, long-term vision and other matters of shareholder interest.
The company's conference call will begin promptly at 4:15 p.m. Eastern Time (2:15 p.m. Central Time) on Wednesday, Oct. 10, 2001. To participate, please dial 800/387-6216 for the United States and Canada, or 416/405-9328 for international callers, at least 10 minutes before the conference call is to begin.
The call will also be available via Webcast upon registration at http://www.viavid.com/vvasx/000003CB00000000.asx. To ensure timely access to the Webcast, please allow five to 10 minutes prior to commencement of the call for online registration.
A digital playback of the call will be available until midnight of Oct. 11, 2001. The playback dial-in numbers are 800/408-3053 for the United States and Canada, or 416/695-5800 for international callers. Participants dialing into the playback must give the passcode of 930813 to enter the call.
Questions regarding the conference call can be directed to Judy Kim at 213/488-0443 or Steve Haag at 817/261-4269.
About GameCom/Ferris
GameCom/Ferris is a fully reporting, publicly traded Texas corporation headquartered in Arlington. With operations based in Phoenix, GameCom/Ferris designs, manufactures and assembles `Net GameLink(TM), an interactive Internet gaming concept featuring network-enabled gaming kiosks, and is the world's largest and fastest-growing producer of integrated hardware and software technology to the immersive virtual reality industry.
This news release contains certain forward-looking statements. Forward-looking statements are generally preceded by words such as ``plans,'' ``expects,'' ``believes,'' ``anticipates'' or ``intends.'' Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. GameCom urges investors to review in detail the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Magnum Financial Group LLC, Los Angeles
Michael S. Manahan, 213/488-0443
mike@magnumfinancial.com
Gamecom/Ferris CEO e-mail...
Friends and shareholders:
Attached is this morning's press release announcing GameCom/Ferris' presence at the Association of Science and Technology Centers annual conference this weekend in Phoenix.
This is our first post-merger public appearance, and we have been looking forward to this opportunity for some time. Bob Ferris and his staff have been hard at work over the past few months on this initiative into the museum and science center market, and we believe GameCom/Ferris is uniquely qualified to exploit this opportunity. We anticipate a very successful show over the weekend.
I have also attached for your review transcripts of recent interviews with CEOcast and StockTalk.
After yesterday's close, there has been rampant speculation about "bad news," or insider selling. Please let me give an emphatic "no" to those rumors. The only activities we are aware of are all very exciting, and most of these initiatives have not been disclosed publicly. With a Bulletin Board stock, we have little control over the daily whims of the market. We do, however, control the company and its opportunities, and we continue to focus on building a company with solid revenue, growth potential, and unique product lines. With the Ferris merger behind us, we have never been closer to achieving our goal of having a solid company capable of being judged on sound business fundamentals.
I also point out that our focus has been on corporate and revenue growth, and not on promotional activity. That will begin to change, according to plan, as some of these current initiatives reach fruition.
In that vein, look for a press release next week announcing a dial-in teleconference with me next Wednesday at 4:15 EDT/1:15 PDT. The dial-in number will be 1-800-405-9328 and 1-416-405-9328 for international callers. As this call-in show will be publicly announced, the "materiality" restrictions will be lessened and I will be able to be a bit more forthcoming than securities laws normally require. I very much look forward to bring you up-to-date on our exciting progress.
Our company's opportunities have never been brighter.
These are simply my personal comments, and should not be relied upon in your investment decisions. I strongly urge you to conduct your own due diligence with regard to an investment in GameCom/Ferris. I respectfully refer you to GameCom/Ferris' filings with the Securities and Exchange Commission.
L. Kelly Jones, GameCom/Ferris CEO
CEOcast Interview
September 25, 2001
http://www.ceocast.com/company.cfm?cid=589&n=094452
Wachs: This is Michael Wachs with CEOcast. I’m visiting with L. Kelly Jones. Kelly is chief executive officer of GameCom, Inc., a company that trades over the counter under the Bulletin Board symbol “GAMZ,” and one that recently received shareholder approval for its merger with Ferris Productions. Kelly, thanks for joining CEOcast today.
Jones: My pleasure, Mike. I’m looking forward to visiting with you.
Wachs: I thought perhaps you could begin with an overview of the company and then we’ll get into the way that the Ferris acquisition changes the face of it.
Jones: Certainly Michael. With the Ferris merger consummated, we are the world’s largest and fastest growing producer of integrated hardware and software technology to the virtual reality industry, and we’re also a first-to-market emerging leader in the manufacture of interactive on-line computer gaming kiosks and kiosk control software.
Wachs: As you look at this combination now, what does this mean for the company in terms of creating scale, and why is Ferris such a good fit.
Jones: Well, it changes everything--it just simply changes everything, Michael. We have taken two companies that were incomplete, that needed to have additions to them, and they make together one nice integrated whole. We decided a few months ago that we needed to bring in an operating partner that was further along in the deployment of resources and with distributions channels, than what we had with trying to break into the market with our ‘Net GameLink™ system. From Ferris’ perspective, they were certainly in that same arena that we were, but they had also developed a virtual reality technology, and they needed a public vehicle to give them the capital to advance their interests. So, it gives both companies what they needed, and from a very, very important standpoint, not only are the businesses and the personnel complimentary, but management is as well. Bob Ferris, I think very, very highly of him. Bob has now become the president of the combined company, and I’m staying on as the CEO. We expect and have been witnessing and experiencing a seamless integration of these two companies.
Wachs: Kelly, although it is a nice problem to have, given the opportunities that are now presented, it also creates a challenge in terms of which ones to prioritize. How do you go about working through that.
Jones: We’re doing both, we’re doing both, Michael. We really do three things. We manufacture these kiosk gaming systems, we operate those types of systems at virtual reality zones at amusement parks around the country, and we do commercial special applications of virtual reality, such as our recently announced projects for Red Baron Pizza and Chevrolet with its Olympic Torch program. We are working simultaneously on all three fronts. We are now in late September, so the amusement park aspect is beginning to decline. But, we have very exciting operations under way, and proposals and contracts that we’re in the process of negotiating, both for deployment of our operating software and operating hardware for ‘Net GameLink™, as well as additional commercial applications of virtual reality. You were exactly correct -- it is problem with prioritizing, but we’ll prioritize what is most readily available to create value for the shareholders.
Wachs: Even while you are completing the acquisition, you are also pursuing other opportunities. What are some of the areas that you’re looking at today?
Jones: What we’re looking at now, are two companies. One is a smaller competitor of Ferris’ in the virtual reality area, primarily in terms of creating special event uses for virtual reality technology and the gaming machines. The reason that’s so important to us is that would give us the opportunity to use our machines on a more year-round basis. The other company we are looking at -- I can’t say too much about it -- but it gives us the opportunity to do a bit of horizontal integration within our industry and to broaden our perspective. One of the things that we announced last Friday was a consulting agreement with Olympic Holdings, which subsequently invested in our company. That developed out of our relationship that we have in New York with Prudential, and Olympic is looking for companies for us to acquire, and again, our looking at a particular company is how these discussions ultimately led into their investment in our company.
Wachs: As you look at the opportunities and this $1,000,000 in funding that you recently received on a committed basis. How then might you most effectively utilize it?
Jones: Certainly with any public company, especially a young public company like ours, there are many, many mouths to feed. We need to utilize those funds in a very controlled manner. We are concluding some contracts, we’ll know within the next few days, certainly we’ll need some of this money to complete these contracts, provided that we get them. We have no shortage of expenses to pay in conjunction with the proxy statement and all of the various professionals that are involved in a merger of this consequence. Although, mostly we’ll be using the money for growth capital to advance the interests of the company to generate revenue and to help toward a bottom line that’s in the black.
Wachs: Given the trends in the gaming sector, how do they differ perhaps in Internet gaming?
Jones: We think they very, very positively impact interactive Internet gaming. However, I want to point out that one of the things we’ve done with our kiosk software, and with the hardware as well, is create a platform that can be used in a number of different applications. We are working right now on a major contract in Europe that would use these kiosks for something other than interactive gaming. They’d still be interactive, they’d still be tied together, but they’d be for another use. One of the things we’re looking forward to is demonstrating the varied opportunities and applications of our ‘Net GameLink™ software.
Wachs: As you look at perhaps some of the companies, like THQ or Electronic Arts, where are you in your own development compared to theirs, and how would you compare yourselves to them in an early stage?
Jones: Apples and oranges. We will be licensing our software. Our operating software is different. We have our own software, we have our own what we call “EasyPlay” software. But if in terms of content, we’ll be licensing that, and that’s the type of thing that they do well, and something that we don’t do at all.
Wachs: As you look at revenue growth, how do you see if at all impacted by a softening economy as well as recent political events.
Jones: Well, it’s very difficult to tell, but I don’t think that it’s going to impact us significantly. There are opportunities that we have, and phone calls that we have received as recently as a few hours ago, that give us opportunities for virtual reality even more lucrative than before. One of the things I’ve been saying over and over again is that I think one of the greatest opportunities we have with this immersive virtual reality, a 360 degree pattern, is for deadly force training, and military applications. We can, for instance, put a cadet or a soldier in a 360 degree environment much, much more lifelike than anything that has been used before, and we have some current negotiations in that area as well. Certainly, the promotional aspects, we don’t think there’ll be a downturn there. The interactive gaming, certainly we don’t see a downturn there. We just frankly don’t see this negatively impacting our revenue growth.
Wachs: As we look at many of these markets, Kelly, what about the entertainment market. Are there particular areas within this that you might focus on?
Jones: Certainly, Michael, and it shows from the description of what we do. With interactive computer gaming, Forrester Research expects a ten-fold growth in our segment of that market, the pay-per-use segment, by 2005. Certainly the hardware, PlayStation, Xbox, get all the press, but if you look at industry analysts that have been following this industry, that’s not really the projected growth of this industry. We intend to be right in the middle of it.
Wachs: As you now look at the past profitability, how does the acquisition of Ferris change that? How do you balance growth efforts with profitability, Kelly?
Jones: It changes everything, because until now GameCom really did not have any revenue of any consequence, and because of trying to establish distribution channels which Ferris brings us. Ferris brings us a proven revenue stream -- 3.3 million last year, we should do 4-5 million this year -- and projections for significantly greater growth next year and the years to follow. The two companies’ combined resources present profitabilities in terms of economies of scale, and it certainly gives us the opportunity to put this company in the black with positive earnings per share, certainly we anticipate, during the year 2002.
Wachs: What kind of integration issues are involved and how long will it take?
Jones: We are pretty much integrated now. Once we passed the due diligence phase and knew that the merger was on, we started moving personnel back and forth, GameCom personnel to Phoenix where our operations are, some are Ferris’ personnel here in Arlington where our corporate and sales offices are, the integration is complete. We are off and running.
Wachs: What should investors now look for in the coming quarters and how long will it take for you to see some of the synergies now in terms of bottom line results in this combined entity?
Jones: I think investors could see some positive results from the synergies of the two companies as early as next week, depending on how certain negotiations go. I think investors can just watch the progress. Look and see how our sales go, look and see what type of major projects we announce, how the current projects, Red Baron Pizza and the Chevrolet Olympic Torch, how those are received, and see if we can indeed make inroads into military applications with regard to our virtual reality technology. I think the tale of our company will be told during the third and fourth quarters of this year.
Wachs: I have been speaking today with Kelly Jones. Kelly is chief executive officer of GameCom, Inc., a company that trades on the Bulletin Board under the symbol “GAMZ,” and one that through the merger with Ferris now not only provides investors with a much more diversified company, but also one that results are anticipated this calendar year. Kelly thanks for joining CEOcast today.
Jones: My pleasure, Michael. I enjoyed talking about our company.
Wachs: This has been Michael Wachs for CEOcast, where Wall Street listens.
The Stock Oracle/Stock Talk Interview
September 24, 2001
http://www.thestockoracle.com/Today%27s%20Interviews.htm
Tran: This is Stock Talk. Today on our show we are very fortunate to have Kelly Jones, CEO of GameCom/Ferris. How are you today, Kelly?
Jones: Stephen, I’m doing outstanding.
Tran: That’s great. Kelly, could you give us a little background information on GameCom/Ferris?
Jones: I’d be happy to. GameCom was founded a few years ago. We have been developing a product called ‘Net GameLink™. We just this morning announced the conclusion of our merger with Ferris Productions. Ferris is the largest virtual reality company in the world. We started having our talks in January, we began to speak in earnest in March, and are very, very pleased with this conclusion today. This changes an awful lot of things for GameCom. It brings us a very viable company. It brings us a proven revenue stream. As I have mentioned, it changes everything. We do essentially three things -- 1) we manufacture interactive entertainment systems, primarily in interactive computer gaming, 2) we operate virtual reality theme park locations at 15 different theme parks across the country, and 3) as I mentioned, Ferris is very heavily involved in virtual reality, and the exciting aspect is the commercial opportunities that we have for virtual reality. That’s GameCom/Ferris in a nutshell.
Tran: I actually understand that you were able to raise one million dollars. How were you able to do that in such a difficult market?
Jones: Well, it wasn’t easy. You have to believe in your company, and you have to talk to enough people to find that one person who can share your enthusiasm. We did talk with an awful lot of investment bankers -- received mostly the death spiral convertible proposals that do your company no good in the long run -- but we finally found the right people that could see where we were going and appreciated the enthusiasm that we have, and the commitment that we have, and we were able to come up with a very, very, very favorable investment package.
Tran: I would imagine you’ve got some fairly extensive expansion plans.
Jones: We do indeed. Of course, the completion of this merger will give us a few things logistically to chew through for the next 30 days or so. But we are working on two or three major, major projects that, well, one of them would double the revenue to date for the company, and we are also are looking forward to the opportunity to continue to acquire other companies. One of the things that we announced on Friday, in addition to the one million dollar debenture with Olympic Holdings, was that we had also retained them to find us suitable acquisition targets. And back to the fundraising, that’s really where that came from. We originally began talking with Olympic about acquiring a company that they have some involvement with, but as the conversations continued, we ultimately came around to them investing in GameCom.
Tran: There’s an awful lot of VR firms out there. What was it that first attracted you relative to Ferris as an acquisition target?
Jones: The quality of the people, the quality of their products. As I mentioned, GameCom had developed a product called ‘Net GameLink™, and it’s a very unique type of entertainment platform for interactive computer gaming. We made the decision around the first of this year that to really grow the company the way we wanted to, and to get off the Bulletin Board and onto an exchange, the best way for us to do that in an expeditious manner was to acquire the right private company in our market segment. We looked around. We actually entered into a letter of intent with another company, but the more we looked, and the more we heard, and the more we talked, Ferris VR was the company that we wanted. They have a tremendous respect within the industry, and our management team meshed with theirs just instantaneously. It has been and we expect it to continue to be a perfect fit -- a completion of two previously incomplete companies.
Tran: From a revenue point of view, Kelly, what sort of effects do you think the merger’s going to have?
Jones: From the GameCom perspective, it changes everything. We were coming out of research and development, so we had no significant revenue at the time of the merger; whereas, Ferris is an older company -- Ferris has been around for about a decade -- Ferris last year brought in revenue of about 3.3 to the bottom line. This year, we think that projection is about five million, and we think next year we could get up in the range of ten million. So, from a revenue standpoint, it changes lots of things. It makes us a very viable company.
Tran: Relative to targeting, are there any particular industries you are going after?
Jones: We want to stay in our own industry. We are looking at two different companies right now. One is a competitor of Ferris’, quite a bit smaller, but it’s one that will allow us to utilize our equipment -- I mentioned that we operate in 15 different theme parks -- one of the challenges that we have is to use that equipment on a year-round basis. So, one of the companies that we are looking at is actually a small competitor of Ferris’ that’s very good at utilizing this type of equipment year-round. The other company we are looking at is a related industry. It’s a much larger company with some very proven contracts. So, we want to stay within our industry. We want to expand our breadth within this industry, but is like the computer gaming and the virtual reality industries.
Tran: Where do you see the company going in the future?
Jones: As I mentioned, it is our ultimate goal to get off the Bulletin Board and get onto an established exchange. We have a number of very exciting tradeshows within the next couple of months. Profitability is one. We should finish the year right around break-even. Certainly, we should get into the black during 2002. Who knows? This is a very difficult and unusual economy right now. It was great to see the Dow and NASDAQ come back strongly today. Where will we be? We don’t know in these uncertain times, but what we do know is that we have very real opportunities to exploit, and we intend to do exactly that.
Tran: That’s sound great. Kelly, I certainly do appreciate your taking time out of your day to come on the show. Is there anything you’d like to say to the investors and brokers that are listening to you right now?
Jones: Continue to watch us. We have a lot of exciting things in the works, contracts that we’re currently negotiating, things such as the Chevrolet project that we’re completing, the Red Baron project. Keep an eye on us, we have initiatives into Europe and Asia, and I think you might want to keep an eye on those.
Tran: Sounds great. Listen Kelly. Thanks a lot for coming on board.
Jones: My pleasure, Stephen.
Tran: Take care, have a great day.
Jones: Thank you.
FOR IMMEDIATE RELEASE
For Investor Relations Contact:
Magnum Financial Group, LLC
Michael Manahan, principal
Los Angeles, California
213-488-0443
mike@magnumfinancial.com
GameCom/Ferris Debuts New VR Product to Science Center Conference
Phoenix, AZ- October 5, 2001: GameCom, Inc (OTCBB: GAMZ), www.GameComInc.com and www.FerrisVR.com, a leader in interactive virtual reality and interactive gaming, today announced the debut of the company’s new VR product -- the Universe® VR 720 -- a customizable, multi-seat, 360-degree, immersive virtual reality theater system, at the Association of Science and Technology Centers (“ASTC”) annual conference at the Civic Center in Phoenix, Arizona.
“Along with this weekend’s virtual reality demonstrations of our new system, the company’s president, Bob Ferris, will be making an address to the ASTC membership regarding the future of high-tech attractions for science centers, museums, and educational institutions at 3:00 pm. on Monday, October 8th,” commented Steve Haag, GameCom/Ferris’ vice-president of business development.
GameCom/Ferris’ staff will be available throughout the conference giving live demonstrations and providing the conference attendees with information regarding groundbreaking technology.
Mr. Ferris stated, “Our market research indicates that the museum and science center industry is ready for high-tech attractions, including brand new virtual reality products that deliver superior value. This marks our first post-merger market expansion. GameCom/Ferris’ technology is exceptionally well-suited to provide experiential education in a new and exciting format.”
“We will be taking people back in time 4,500 years to the world's most realistic re-creation of the construction of the Egyptian pyramids. In another experience, we will shrink people to the size of an atom, allowing them to explore the atomic world for the first time. These experiences, at an entirely new level of realism, are never-before-seen technology,” Ferris concluded.
About GameCom/Ferris
GameCom/Ferris is a fully-reporting, publicly traded Texas corporation headquartered in Arlington, Texas. With operations based in Phoenix, Arizona, GameCom/Ferris designs, manufactures, and assembles ‘Net GameLink™, an interactive Internet gaming concept featuring network-enabled gaming kiosks, and is the world’s largest and fastest growing producer of integrated hardware and software technology to the immersive virtual reality industry.
This press release contains certain forward-looking statements. Forward-looking statements are generally preceded by the words such as “plans,” “expects,” “believes,” “anticipates,” or “intends.” Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. GameCom urges investors to review in detail the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
All Check out this awesome Gamecom/Ferris interview.
http://www.thestockoracle.com/Today%27s%20Interviews.htm
Greg
GameCom/Ferris CEO Interviewed on CEOcast.com
ARLINGTON, Texas--(BUSINESS WIRE)--Sept. 26, 2001--GameCom Inc. (OTCBB:GAMZ - news; www.GameComInc.com and www.FerrisVR.com), a leader in interactive virtual reality technology, today announced that its chief executive officer, L. Kelly Jones, has been interviewed by CEOcast.com.
CEOcast.com (www.CEOcast.com) is a leading online source of original and syndicated streamlining broadcast interviews of chief executive officers at public and private news-making companies. CEOcast's programming is distributed to millions of online investors at more than 700 financial Web sites.
The interview may be accessed by free registration at http://www.ceocast.com/company.cfm?cid=589. The interview will be archived, and will be accessible for five business days on CEOcast's Web site.
When asked about this speaking occasion, Jones stated: ``The interview with CEOcast.com provides in-depth information about recent developments at GameCom/Ferris. The interview presents an opportunity for the investment community to familiarize itself with GameCom/Ferris, the recently concluded merger, the integration of the two companies, and our prospects for immediate benefits from the newly combined company.''
About GameCom/Ferris
GameCom/Ferris is a fully reporting, publicly traded Texas corporation with headquarters in Arlington. With operations based in Phoenix, GameCom/Ferris designs, manufactures and assembles `Net GameLink(TM), an interactive Internet gaming concept featuring network-enabled gaming kiosks, and is the world's largest and fastest-growing producer of integrated hardware and software technology to the immersive virtual reality industry.
This news release contains certain forward-looking statements. Forward-looking statements are generally preceded by the words such as ``plans,'' ``expects,'' ``believes,'' ``anticipates'' or ``intends.'' Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. GameCom urges investors to review in detail the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Magnum Financial Group LLC, Los Angeles
Kari Rundquist, 213/488-0443 (Investor Relations)
kari@magnumfinancial.com
Gamecom/Ferris CEO shareholder e-mail sent out today.
Friends and Shareholders:
I am pleased to forward you this morning’s press release announcing that GameCom’s merger with Ferris Productions, Inc. received strong shareholder approval at our shareholders’ meeting held late Friday afternoon. Ferris’ shareholders had previously approved the merger.
For all practical purposes, the merger with Ferris is complete; however, the merger will not be finally and legally concluded until later this week when the appropriate merger documentation is filed with the Secretaries of State in Delaware and Texas.
Although the corporate name, for at least the time being, will remain “GameCom, Inc.,” we will begin referring to the company as “GameCom/Ferris.” Please recall that one of the proposals which received shareholder approval on Friday was authorizing the board of directors to change the corporate name. Over the course of the next year, we intend to engage the services of marketing and focus group professionals to determine if an entirely new name is more appropriate to the company’s future.
The new slate of officers for GameCom/Ferris is as follows: L. Kelly Jones, chief executive officer; Bob Ferris, president; Lance Loesberg, executive vice-president; Rob White, vice-president of operations; Steve Haag, vice-president of business development; and Al Spivey, vice-president of production.
The new slate of directors, which, as described in the proxy statement, has been increased to five members, is as follows: John F. Aleckner, Jr.; Bob Ferris; L. Kelly Jones; Lance Loesberg; and Andy Wells.
I assure you, although I have lately been preoccupied with the merger and consummation of our business arrangement with Olympic Holdings, that the other officers have not been so distracted and have been hard at work advancing the interests of GameCom/Ferris. I believe you can expect a robust fall in terms of positive corporate advances.
We have a busy agenda of tradeshows and expositions. First on the schedule is the Association of Science and Technology Centers show to be held in Tucson on October 6th and 7th. Bob Ferris has been working hard on expanding our opportunities for deployment of virtual reality in museums and science centers, and we are anxiously looking forward to this visibility. I will be in New York City on October 17th spreading the word about GameCom/Ferris at the Emerging Company Reports booth at the New York Discovery Expo, and will be taping an appearance at the American Stock Exchange that same day. Later, we will be at the International Association of Amusement Parks and Attractions show in Orlando from November 14th through November 17th. As you know, this is the leading trade show for the amusement park business.
With the merger behind us, our full focus returns to building this newly-combined company and taking advantage of the very real opportunities which are afforded to us.
These are simply my personal comments, and should not be relied upon in your investment decisions. I strongly urge you to conduct your own due diligence with regard to an investment in GameCom/Ferris. I respectfully refer you to GameCom/Ferris' filings with the Securities and Exchange Commission.
L. Kelly Jones, GameCom CEO
GameCom/Ferris Merger Receives Shareholder Approval
ARLINGTON, Texas--(BUSINESS WIRE)--Sept. 24, 2001--GameCom, Inc. (OTCBB:GAMZ - news), www.GameComInc.com, a leader in interactive Internet gaming, today announced that GameCom's shareholders approved the pending merger with Ferris Productions, Inc. at the Company's special meeting held on Sept. 21.
Now that both companies have received shareholder approval, the merger will be formally completed later this week upon the required merger documents being filed in Texas and Delaware.
Ferris (www.FerrisVR.com) designed, manufactured, and in some instances, operated, virtual reality entertainment products for use in entertainment facilities and at special events, including carnivals, festivals, and trade shows. Customers include Six Flags, Busch Gardens, Paramount, Circus Circus, Carnival Cruise Lines, Chevrolet, Pepsi, Buick, and Red Baron Pizza. Virtual reality is the next generation of the $2 billion video game business, and is also finding strong demand in the $90 billion product advertising/promotional market.
L. Kelly Jones, GameCom/Ferris' chief executive officer, commented, ``The merger of GameCom and Ferris is a powerful combination with endless opportunities to pursue. Unlike most companies, our primary challenge is prioritizing these opportunities, rather than seeking new ones. Initially, we believe the video game, entertainment, and advertising/promotional markets will allow our newly-combined company to realize the fastest and most profitable revenue growth, which will provide value to our shareholders.''
Bob Ferris, now president of GameCom/Ferris, stated, ``We are now the leader in virtual reality, both technologically and financially. The combined management depth and resources will allow accelerated commercial development of our virtual reality technology. In addition, GameCom's technology expands our capability in the public-use video game market.''
About GameCom/Ferris
GameCom/Ferris is a fully-reporting, publicly traded Texas corporation headquartered in Arlington, Texas. With operations based in Phoenix, Ariz., GameCom/Ferris designs, manufactures, and assembles `Net GameLink(TM), an interactive Internet gaming concept featuring network-enabled gaming kiosks, and is the world's largest and fastest growing producer of integrated hardware and software technology to the immersive virtual reality industry.
This press release contains certain forward-looking statements. Forward-looking statements are generally preceded by the words such as ``plans,'' ``expects,'' ``believes,'' ``anticipates,'' or ``intends.'' Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. GameCom urges investors to review in detail the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Magnum Financial Group, LLC
Ms. Kari Rundquist, 213/488-0443
kari@magnumfinancial.com
Gamecom/Ferris Shareholder Meeting 9/21/2001 General Info.
Here are a few other things mentioned.
1. Kelly - One of the things we are going to try to do before to long is have a call in show. A
radio call in show where all of our shareholders can call in and I will answer questions. One
of the things that is frustrating is the inability to talk candidly about material things that have
not yet been disclosed.
2. Mr Cooper asked - What ever happened to Netgamelink deals in Korea and Europe?
Kelly - Well the best answer I can give you right now is we can't tell you. There has been
negotiations for volume sales of those.
Steve - The other thing I think the shareholders should realize is the research and
development that has gone on the past 3 years with the Netgamelink technology. It has
created a very stable robust PC environment that is applicable in a variety of Kiosk
situations regardless if it's video games or helping someone order medicine. It can be
used for virtually anything and I can tell you as a business development partner we are
looking at all aspects of using that technology. We are very much ahead of the curve on this
technology.
Kelly - Some of the things we have announced in the past have not panned out and some
we don't know yet.
I asked. The new Netgamelink what is it going to look like?
Kelly - It depends on what the customer wants. We are in negotiations for multiple types of
uses.
I asked. Have you decided it you are going with AMD or INTEL?
Kelly - That's something else that we are looking at. We have a strong loyalty to AMD
because they were there for us very early on but at some point in time if INTEL makes us an
offer that we need to go with and we visit with AMD about it. We owe AMD a huge loyalty
but if we have an offer from INTEL that is so overwhelming and AMD can't come close to it
we will have to make a decision that will be in the best interests of our shareholders.
I asked. Can you go over the shows you will be at this year?
Lance - Two weeks we are going to be at the Aztec in Phoenix which is a huge museum
and science show. Then shortly after that is the IAPPA.
Kelly - I am going to be in New York and one of these guys will be going with me on
October 17th for a discovery expo show at the Crown Plaza Times Square and we will also
be taping a TV show at the American Stock exchange.
Mr. Cooper asks - Who are our competitors since we are the leader in our field?
Lance - As far as direct competition a company that can provide not only the content but the
hardware solution in its entirety we are not aware of anyone that does exactly what we do to
its magnitude.
I asked - What is the estimated time frame to complete a project from start to finish?
Lance - It varies some projects can take 30 days and some experiences could take 8 to 10
months.
They ran the Buick Lasabre test drive this year also but we had to make it 2001 compliant.
Gamecom/Ferris Shareholder Meeting 9/21/2001
This transcript will not be word for word but it will cover the important points discussed in the
meeting. The meeting lasted 2 hours and all items passed easily. Most of this transcript is Kelly
Jones speaking. I will note when someone other then Kelly is speaking.
Kelly Jones CEO of Gamecom speaking:
Special Meeting of Gamecom I like to thank the shareholders who came here today. I like to take this
opportunity to introduce the officers of the company and who some of the future officers are going to
be. I am Kelly Jones CEO of Gamecom I will continue as CEO after the merger.
John Aleckner is the current president of Gamecom John will remain on the board of the directors of
the combined company. Steven Haag is vice president of operations for Gamecom. Steve will stay
on with the combined company as Vice president of Business Development. Kimberly Biggs,
secretary of Gamecom she will stay on as secretary of the combined company. Lance Loesberg
vice president of business development for Ferris he will be asked to be on the board of directors
and be the executive vice president of the combined company. List of shareholders of record as of
August 10, 2001. There is an additional 1 million shares that are eligible to vote our securities lawyer
did not get the opinion letters to the transfer agent in time for the shares to be authorized and issued.
By law our records are minutes of shares issued and controls and is the determining numbers to be
used. That is why there is a difference between the transfer agents numbers and Gamecom's. Ms
Biggs will now announce if we have a quorum. 14,462,261 shares of common stock as of August
10, 2001. The amount represented by proxy is 10,103,204 so we have a quorum.
Ferris shareholders have met today and approved the merger of Gamecom.
The proxy statement sent out was correct but since we are not a Nasdaq company the first item on
the proxy card approving the issuing of shares in the merger does not require a vote for
shareholders.
Motion to approve the merger of Ferris productions. Got a motion and a second.
For: 10,073,754
Against: 54,600
Abstain: 10,850
Approve the amendments to the article of incorporation set forth in the proxy statement. Got a
motion and a second.
For: 10,030,604
Against: 108,300
Abstain: 300
Approve the incentive stock option plan to increase the number of shares to 6 million shares. Got a
motion and a second.
For: 9,661,138
Against: 32,646
Abstain: 445,428
Approve to elect to change the corporate name. Got a motion and a second.
For: 12,552,546
Against: 2,500
Abstain: 1,300
I am pleased to announce to Gamecom shareholders and to Ferris shareholders that each of the
four proposals has received a vote required for approval and therefore we will direct our legal
counsel to proceed with filing the articles of merger at a soon as possible date and we expect that
this merger is be accomplished by Tuesday,Wednesday or Thursday of next week.
Jim Poynter, vice president of Gamecom and a director enters the meeting.
Is there any discussion regarding these proposals? No discussion.
Mr. Cooper a shareholder of Gamecom asks.
Could you explain the Press release you put out this morning?
We have been looking for a broader perspective for capital the Swartz line is a great financing
vehicle in a Bull market but not a good financing vehicle in a Bear market with low volume and a low
share price. This deal is an outstanding deal for the company. They do not plan on having the
company repay them. They plan on converting. The shares are convertible at current market rate.
We will receive 250,000 dollars next week, we will receive 375,000 on or before October 15th and
375,000 on or before November 15th. The number of shares that each traunch is convertible into is
based on the 5 preceding days closing price. There is no discount to market which is unheard of.
We also entered into a consultant agreement with Olympic for them to find us additional acquisition
targets. All these things started Greg by going to New York and planting seeds this financing
package came out of talks with Prudential and Bear Stearns.
Mr. Cooper asks the purpose of the million dollars is to do what?
Ferris brings some debt into the deal our challenge is going to be utilizing the revenue Ferris
provides us along with the additional market exposure and growth of their reputation to create
market interest in the company sufficient enough to timely address Ferris' debt. This million dollars
there are many mouths to feed at the table but it gets us through the merger, gets our professionals
paid and a few other things. The consultant agreement in the S8 put out today they get 700,000
thousand free trading shares. However if they don't bring us a suitable acquisition candidate at our
good faith discretion they have to sell us back 350,000 shares at a dime. We clearly pointed this out
in the S8 if they go sell those shares today and they don't find us a good candidate they will have to
sell us back those shares at a dime which means they would have to buy them back at the current
market price which could be a lot higher. The debenture shares will have one year restrictions from
the date of the last traunch. This all indicates that they will be long term investors.
Mr. Cooper asks what type of company are you looking to acquire?
We are looking for companies that will increase our revenue, sales and industry presence with
minimal debt. If we can have the right opportunity to create revenue to create more earnings per
share that is the type of things that the investment community is going to recognize. That is how we
are going to get on the kinds of radar screens that we want to get on.
Mr. Cooper asks how far away are we from getting on that radar screen?
Well they know were there were not on the screen yet. That's hard to answer based on the market
we are in right now. I don't know what's going to happen and all we can do is try to continue to build
the company and we are in an industry that I don't think we will be to adversely affected if the
economy continues to deteriorate for an extended period. The whole parameters of the investment
community have changed. They are not looking for market share anymore. They had enough market
share with the Internet companies. They are looking for revenue they are looking emerging leaders
of an industry. Probably the best thing that has happened to this company besides the Ferris Merger
in terms of where were headed is this PC magazine that shows that virtual reality is one of the top
10 industries that will impact our lives for the next 20 years. All the analysts realize that this is a
growth industry. We are negotiating to acquire a competitor of Ferris' that gives us more of the
market share of virtual reality. It is that type of company we are looking for we don't need anymore
debt. That's the challenge of the Ferris merger there was a post on ragingbull that absolutely in my
opinion nailed where this company is in terms of what the Ferris merger does for us and what our
challenge is. It brings us industry presence and as soon as we file these papers next week and are
merged we are now the leader in virtual reality. Lance has a 7 or 8 year history in this industry and
he can tell you how this industry has evolved. We are now the dominate company in virtual reality
and the more we can expand that reach the better off we are.
I asked. The 775,000 shares when will those shares be issued?
It could be issued today. This is why the numbers are different from our numbers and the transfer
agents. Anytime shares are issued there are many things that could happen. The directors have to
approve the resolution to authorize the shares. Then we have to send that resolution to the transfer
agent. Then the securities counsel has to send an opinion letter to the transfer agent informing them
the shares have been authorized and that the company has properly issued the shares upon that
then the transfer agent actually issues the shares. The transfer agent actually prepares the shares
and sends them out. It is not controlling for the 10Q's filed, for the number of shares to vote, or 144's
our corporate records controls. The difference here is that they didn't gets those letters sent to the
transfer agent and because they were mostly our shares we didn't care because we knew they
were properly authorized.
I asked. Is there a certain price they will be issued at?
No, an S8 is issued for services rendered to the corporation. There is no money involved. We
issued 75,000 shares to the lawyers who put together the proxy statement so that we would stay on
top of their priority list so the proxy would be done promptly. The 700,000 shares issued to Olympic
is to pay them for this one year consultant agreement to find us acquisition targets. There is one
small company we are looking at that Ferris knows so the due diligence period would be nil. The
other company is of interest to us but we have to much on our plate right now with the Ferris
merger.
I asked. Does Olympic have a website?
I don't know I noticed all that business. Olympic is a newly formed company. I don't know if they
have a website.
I asked. How many people work for Olympic?
There is at least 10 people who work for the company. There is a Bio-technical, Bio-medical
element of this company that we are looking at. Now we are looking at a company that is 25 percent
Bio-technical. Olympic would take off the Bio-technical part of the company and we would take the
part of the company that relates to our industry and acquire that.
I asked. Are you looking at getting into the Military Industry?
The law enforcement and Military could be the biggest element of opportunities we have for virtual
reality. Deadly force training for police officers for military we can put them in environments that they
can't otherwise be put in. We can make them better officers and better soldiers by putting them in a
360 degree environment. We can put them in places like the Afghan mountains.
Mr. Cooper asks - How far away are you from doing that?
Lance you can answer that question. All we need is someone to cut us a check. The technology is
there we are looking for a buyer right now.
Mr Copper asks - So someone like special forces or Navy Seals or somebody like that will be a
potential buyer?
Lance - Anyone of those and a hundred more it is quite a few actually especially after last weeks
disaster. We got phone calls as recently as two hours ago. It is a very viable industry.
Kelly - I'll say this. A member of the Senate arms services committee has had a fund raiser in this
very office. We are ready and I think the opportunities for that are very real.
I asked. Have you filed a Summary judgement yet to dismiss the ETPI lawsuit?
I don't know if it has been filed and I appreciate the opportunity to address that. The press release
that ETPI issued was extremely misleading. There not going to win the lawsuit period end of story
take it to the bank. There is a clear case in Texas that says those type of agreements are not
enforceable. However the agreement that Ferris and ETPI signed says that it is to distributed under
Delaware law. The judge said two things to our law firm. First he said show me some authority
where a Texas court has disregarded a choice of law provision and applied the law of the state. We
got that case for him it was done by the Houston court of appeals. In that case the court disregarded
the choice of law provisions for Louisiana and applied Texas law ruling Texas law had more to do
with the parties than the law of Louisiana. That sound familiar you have Gamecom Texas
corporation you got ETPI headquartered in Texas, you got Ferris doing business in Texas, you have
the agreement negotiated in Texas and in Delaware you have a couple of companies that are
incorporated there but don't do business there. What state has more to do with the transaction
Texas or Delaware? Second of all and this is were in my opinion ETPI intentionally mislead people.
The judge said I am going to rule that Delaware law applies but Mr. Harwell you haven't sited any
Delaware law that supports your cause of action and that is why we are filing it is called special
exceptions Summary Judgement and even if you apply Delaware law they don't have any law under
the state of Delaware that gives them the coverage they seek. Now that says nothing to the fact we
have witnesses that will show that the CEO of ETPI on several occasions told Bob Ferris that we
don't think we can do your deal. We will have evidence that ETPI has defaulted on promissory notes
that it owes Ferris so even if we have to get to the merits of the case and we don't think we will we
are extremely confident that we are going to win.
I asked - Are you going to file a claim regarding the promissory notes ETPI defaulted on?
That counterclaim has already been filed. It is called Ferris' counterclaim against ETPI. Here is ETPI
claiming that Ferris is not negotiating in good faith and ETPI doesn't bother to pay its promissory
notes it owes Ferris. So there is a whole lot more to this than ETPI wins Summary Judgement and
all the judge has ruled is that for right now I am going to apply Delaware law that's it.
I asked - Do you have a figure on the Float after the merger is complete?
Well the Float is not going to change Greg. The Float has increased by 775,000 shares as shown in
the S8 but that is the beauty of the Ferris side and the commitment that the Ferris shareholders
have made to the future of the combined company is that all the shares are restricted. I will point out
that the vast majority of those shares are insider shares anyway so even after the one year holding
period you are subject to the leak out rules that all of us as insiders are subject to.
I asked - What about the shares you planned on redeeming have you redeemed them yet?
Those shares have not yet been redeemed and frankly we just didn't get it done and that is another
reason that the shares that are eligible to vote is about 775,000 shares higher. Accounting wise at
the suggestion of our CPA we have taken those shares out because for Accounting purposes they
have been redeemed and our obligation to pay for those is on the books. That is why our Accounting
numbers filed with the SEC did not show those redeemed shares but we haven't actually redeemed
them yet. They still show on our transfer agents records so upon the advice of our securities
counsel we felt it best to go ahead and include those for the purpose of this meeting which I point out
made it harder to get to our numbers anyway.
I asked - Can you give an update on the Projects Ferris recently completed?
Lance - The US ski team project we did for Chevrolet is scheduled to leave a week from Monday
from Detroit and it has a schedule of 60 cities that it is going to hit.
I saw a small clip of this Ski jump experience and was very impressed with the graphics and
scenes. There wasn't a headset attached to the video so I couldn't get the full experience.
Lance - The Red Baron one is due to go out the end of October for their tour. We are in the final
process now for both of them for doing what we call our scan/conversion of taking it from film to
digitizing it and then actually loading it into the hardware platform. We installed the platforms last
week for Chevrolet. We are installing Red Barons equipment next week.
I saw the raw film footage of the Red Baron squadron experience and was impressed with the detail
of the images and all the scenes. There wasn't a headset attached to the video so I couldn't get the
full experience.
I did get the full experience of the Buick LeSabre experience and was very impressed with the
motion tracking in the headset. I shook my head to test it and it was very responsive. The level of
detail was also impressive. I could turn my head and see the back of the car and I could even see
ole Ben through the rear view mirror and when you turn around he talks to you. There was also
smells of free cut grass and roasted chestnuts coming from a vendor cart outside Central Park.
Gamecom/Ferris puts together an Awesome Financing Deal!
Friends and shareholders:
Attached is this morning's press release announcing GameCom's recently-negotiated
relationship with Olympic Holdings, L.L.C., pursuant to which Olympic will fund $1 million in
growth capital to GameCom/Ferris over the next couple of months.
In conjunction with the Ferris merger, I have been seeking a capital infusion to see the
company through the merger, and to help launch the "new" company. With funding
opportunities in decline, I have encountered the usual suspects of financing vehicles, from
proposed hugely-discounted sales of free-trading shares to the typical "death spiral
convertible" offerings.
However, take a close look at our arrangement with Olympic, and I'm very confident you'll be
very pleased. The three debentures, to be issued as Olympic provides the funds in three
traunches over the next two months, bear interest at only six percent, and are convertible at
market rate into restricted shares, to be held a minimum of one year from the last delivery of
funds to GameCom/Ferris. That's it. No discounts to market, no reset provisions.
We are almost equally excited with our new consulting arrangement with Olympic. Its principals
have an excellent track record in finding suitable private companies for acquisition. In fact, a
potential acquisition target brought to our attention by Olympic is how this relationship started.
While we will be taking a careful look at this company beginning next week, after we catch our
breath following completion of the Ferris merger, the more we talked with Olympic, the broader
the discussions became. This debenture and this consulting agreement resulted from those
broader discussions.
Stay tuned, as we look forward to a successful shareholders' meeting this afternoon.
These are simply my personal comments, and should not be relied upon in your investment
decisions. I strongly urge you to conduct your own due diligence with regard to an investment
in GameCom. I respectfully refer you to GameCom's filings with the Securities and Exchange
Commission.
L. Kelly Jones, GameCom CEO
GameCom Secures $1,000,000 in Funding
ARLINGTON, Texas, Sep 21, 2001 (BUSINESS WIRE) -- GameCom,
Inc. (OTCBB:GAMZ), www.GameComInc.com -- a leader in interactive
Internet gaming -- today announced that it has successfully placed
$1,000,000 in convertible debentures with Olympic Holdings, L.L.C.
In addition, the Company has retained Olympic to seek appropriate
acquisition targets for continued expansion.
Olympic, based in Bethesda, Maryland, with a satellite office in Virginia
Beach, Virginia, is a financial, corporate advisory, and investment firm
specializing in the active turnaround of companies in the biotechnical,
biomedical, and medical support industries.
"We are delighted with this financing package from Olympic,"
commented L. Kelly Jones, GameCom's chief executive officer.
"Olympic exhibited real interest and excitement over the future of our
company. In addition, the extremely favorable conversion terms of the
debenture reflect Olympic's confidence in our ability to execute upon our
business plan. Once the Ferris merger is completed, Olympic will assist
us in our continuing efforts to look for opportunities to expand our reach
in the interactive computer gaming and virtual reality fields."
"We are very excited about GameCom/Ferris' future, as evidenced by
our capital infusion," said William E. K. ("Kyle") Hathaway II, manager of
Olympic. "The Company has an exciting story to tell, with excellent
management. We look forward to being long-term participants in the
future of GameCom/Ferris."
The terms of the financing requires Olympic to fund $1,000,000 in three
phases, the first of which will commence next week with the third phase
funded by November 15, 2001. In addition, the convertible debentures
have the right to be converted into common shares of GameCom based
upon the Company's market price at the time of funding for each phase.
The conversion feature does not contain any provisions for a discount to
market price.
About GameCom
GameCom, based in Arlington, Texas, is a fully reporting, publicly
traded Texas corporation. GameCom designs, manufactures, and
assembles `Net GameLink(TM), an interactive Internet gaming concept
featuring network-enabled gaming kiosks. Based in Phoenix, Arizona,
Ferris is the world's largest and fastest growing producer of integrated
hardware and software technology to the immersive virtual reality
industry.
This press release contains certain forward-looking statements.
Forward-looking statements are generally preceded by the words such
as "plans," "expects," "believes," "anticipates," or "intends." Investors
are cautioned that all forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from
current expectations. GameCom urges investors to review in detail the
risks and uncertainties contained within its filings with the Securities
and Exchange Commission.
CONTACT: Magnum Financial Group, LLC
Kari Rundquist, 213-488-0443
kari@magnumfinancial.com
Tragedy forces GameCom to postpone merger vote
http://www.kioskmarketplace.com/news_story.htm?i=10705
by John Harrell, Editor • 14 September 2001
ARLINGTON, Texas - Interactive gaming kiosk designer GameCom Inc. has been forced to postpone a shareholder meeting on Sept. 14, including a vote on its merger with virtual reality entertainment company Ferris Productions Inc., because of the terrorist attack on the World Trade Center three days earlier.
GameCom has rescheduled the shareholder meeting for Sept. 21.
New York-based Continental Stock Transfer and Trust Company, which was compiling voting for the company, has been closed since the terrorist attack. With Continental shut down, GameCom was unable to obtain certified proxy votes by Sept. 14.
Continental is located on Broadway in the heart of the New York financial district, which has been paralyzed since the terrorist attack, which brought down the World Trade Center’s twin towers. The New York Stock Exchange and NASDAQ exchanges, which have been closed since the attack, are scheduled to reopen on September 17.
"We were talking with Continental’s officials and they told us we were not the only company that couldn’t go ahead with something like this because of the inability to certify proxy votes," said L. Kelly Jones, GameCom chief executive officer. "Everything south of 14th Street (in Manhattan) is closed and that’s the financial nerve-and I don’t think I’m overstating by saying this-for the entire world."
GameCom and Ferris signed a letter-of-intent to merge on April 18 and announced a formal merger agreement 16 days later.
Five days after the letter-of-intent was signed, however, Entertainment Technologies & Programs Inc. (ETPI) filed suit, alleging that Ferris was bound to conduct good faith negotiations with the company as part of a letter of intent they signed in March. Ferris countered that it terminated that letter on April 17, one day before signing with GameCom.
On Sept. 14, Jones said that Ferris recently filed a countersuit against ETPI, alleging that ETPI had failed to finish paying a promissory note to Ferris. Ferris and GameCom also plan to file a motion next week for a summary judgment to have ETPI’s suit dismissed.
Copyright 2001 NetWorld Alliance LLC. All rights reserved.
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GameCom to Adjourn Shareholder Meeting Until Friday, Sept. 21
ARLINGTON, Texas--(BUSINESS WIRE)--Sept. 13, 2001--GameCom, Inc. (OTCBB:GAMZ - news), www.GameComInc.com, a leader in interactive Internet gaming, today announced that it plans to adjourn its shareholder meeting until Friday, Sept. 21.
The adjournment is a direct result of the recent terrorist attacks in New York.
The purpose of the shareholder meeting, originally scheduled for Sept. 14, was to finalize the merger with Ferris Productions, Inc. However, since GameCom's transfer agent, Continental Stock Transfer and Trust Company, is currently closed for business, GameCom will be unable to certify the proxy results.
L. Kelly Jones, GameCom's chief executive officer, commented: ``Continental is located at Two Broadway in downtown New York City. We last orally obtained voting results from Continental early Tuesday morning; however, since then Continental has been evacuated from its offices. It is our understanding that currently all businesses south of 14th Street are closed for emergency vehicular access, and it is doubtful that Continental will re-open prior to Monday. The voting process requires us to obtain certified proxy results from Continental, which we simply will not be able to do tomorrow.
``Naturally, we are disappointed with this delay. Although the merger vote will be delayed by one week, both companies' personnel are already working together on new projects, and there will be no delay in the combined Company's progress. We have all been reminded that there are more important things in life than delaying the merger of GameCom and Ferris for one week. Our foremost thoughts are with the people in New York,'' Jones concluded.
About GameCom
GameCom, based in Arlington, Texas, is a fully reporting, publicly traded Texas corporation. GameCom designs, manufactures, and assembles `Net GameLink(TM), an interactive Internet gaming concept featuring network-enabled gaming kiosks. Based in Phoenix, Arizona, Ferris is the world's largest and fastest-growing producer of integrated hardware and software technology to the immersive virtual reality industry.
This press release contains certain forward-looking statements. Forward-looking statements are generally preceded by words such as ``plans,'' ``expects,'' ``believes,'' ``anticipates,'' or ``intends.'' Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. GameCom urges investors to review in detail the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
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Contact:
Magnum Financial Group, LLC, Los Angeles
Ms. Kari Rundquist, 213/488-0443 (investors)
kari@magnumfinancial.com
A good article on Ferris Productions. The GAMZ/Ferris merger should be complete after the September 14th 2001 shareholders meeting.
http://www.latimes.com/features/lifestyle/la-090601virtual.story
Greg
Excellent post jason2001, thanks for bringiong it by and posting here!
muel <g>
This one: NACT is worth looking at,
NASDAQ BB: NACT
Recent Price: $0.12
Market Cap: $2.66 million
Shares Outstanding: 22 million
Estimated Market Float: 3 million
Fiscal 01 Revenue: $30 million
Fiscal 01 EPS: $0.18
Forward PE: 0.63
Price/Sales: 0.09
Industry Sector: Technology
Sector PE: 23.25
Sector Price/Sales: 2.45
6 to 12-Month Target Price: $3 to $4
Website: www.genesis-systems.net
Investment Highlights - NACT
* Profitable company with strong recurring revenue stream
* Clear, focused business strategy for substantial growth
* Recession Proof market with significant consolidation and expansion
opportunities
* Repeated stock dividend distribution process
* Strong balance sheet
* Experienced management team with extensive industry knowledge
* International presence
Valuation Analysis
- We e need to look at their peers in the industry. Two public
companies listed on the NASDAQ BB are doing pretty much same as NACT is
doing. They are the Hartcourt Companies, Inc. (OTCBB: HRCT) and CBQ, Inc.
(OTCBB: CBQI). Both companies have about $15,5 million market cap while
they have about $7 million in annualized revenues with a loss from $3.25
million to $6 million. Even if NACT trades about their market cap, NACT
should be valued about $0.77 per share. If NACT trades about its peers’
valuation ratios, NACT should be valued about $3 per share.
- The earnings projections assume the successful execution of the Company's
strategic acquisition plan. With the currently planned acquisitions during
the fiscal year of 2001, the Company is estimated to achieve $30 million in
sales with net income of $4.4 million and earnings per share of $0.18 on the
basis of 25 million outstanding shares. If the stock trades about 15 to 25x
earnings, we will give a stock price from $2.70 to $4.50 per share. If the
company values about 3 to 4x sales, we will give the stock price from $3.60
to $4.80 per share. If we consider its growth factor, the stock could be
valued at a higher price. The Company's acquisition/spin-off schedule in
2002 should add a considerable number of technology companies. This will
bring the projected revenue of the Company by fiscal 2002 to $50 million.
Investment Conclusion
We believe NACT is well positioned to take advantage of the changes in the
technology industry. We believe these changes are still in their earliest
stages, affecting primarily the small technology companies to date. In other
words, we believe NACT is situated nicely to ride the wave of change we see
pouring over the relatively inefficient and traditional technology industry.
We don't see much downside for the stock that is traded around $0.12. We
believe the stock is an outstanding investment opportunity and is at an
excellent buying price considering its short and long-term potential. The
stock has been traded actively in the past several days and it appears that
the stock has technical breakout around $0.25. The stock should move up to
$0.50 for another consolidation when the stock breaks out with the next leg
up. Our 6-12 month target price is $3-$4 with a rating of "Strong
Buy".
GAMZ CEO e-mail about todays proxy filing.
Friends and shareholders:
I am pleased to advise you that our preliminary proxy statement filed with the Securities and Exchange Commission on August 8th "cleared" the Commission late last Friday, and you may have noticed that we filed our definitive proxy statement this morning.
The proxy statements and proxy cards are being printed today, and mailing may begin as early as tomorrow.
Those of you who are shareholders of record will receive your proxy statement and proxy card directly from Continental Stock Transfer & Trust Company, GameCom's transfer agent.
The process is a bit more complicated for those of you whose shares are held in "street name" at your brokerage house. For you, a company named ADP Investor Communications Services, Inc. will be mailing your proxy statements, and it will be easier for you to vote via ADP. As the proxies are received by ADP, it will electronically forward the results to Continental, which will certify the final proxy results immediately prior to our meeting on September 14th.
As I mentioned previously, I trust you will take the time to carefully review the material contained within the proxy statement. Again, the "Frequently Asked Questions" section beginning on page four represents management's view of the proposed merger, as well as the other three proposals.
As always, I invite your questions and comments. Please remember, however, that I am required to be fairly limited in my comments regarding the merger and the material contained within the proxy statement.
These are simply my personal comments, and should not be relied upon in your investment decisions. I strongly urge you to conduct your own due diligence with regard to an investment in GameCom. I respectfully refer you to GameCom's filings with the Securities and Exchange Commission.
L. Kelly Jones, GameCom CEO
Great news Greg, thanks for keeping us updated! Looks like GAMZ will be on it's way soon!
muel <g>
Gamecom/Ferris Merger has received "SEC Approval"
http://www.10kwizard.com/filing.php?repo=tenk&ipage=1483804&doc=1&total=&back=2&....
Last step is Gamecom shareholder approval and the deal is done.
Greg
Turbosonic technologies (OTC BB: TSTA) markets and developes air pollution control devices for a variety of industries. For more information visit:
http://www.turbosonic.com
TSTA has no liquidity issues, almost no long term debt, a positive cash flow, fantastic revenue growth, positive earnings, no history of dilution.
--Last trade as of 8/20 @ 4 pm, $.75. PE ratio: 22
--Positive earnings and fantastic growth rate, last quarter EPS of .034. EPS for next quarter should be in the .04-.05 range based on backlog and unearned revenues alone (4.8 million and 1.6 million, for a total of 6.4 million, assuming a similar return on sales). Revenue growth of over 100% to 5.3 million dollars in the last fiscal quarter.
--Current ratio: 1.4 Cash: 3.1 million cash per share: .31
--Current assets: 4.5 million Current liabilities: 3.5 million Long term liabilities: .1 million.
--Outstanding shares - 10 million, float - approx. 4 million. No shares have been diluted since 1998.
--Recently sold 500,00 shares for 500,000 cash (1$ per share, 30% over market price) in conjunction witha strategic marketing and management agreement with Hamon-Research Cottrell, a company with annualized revenues of 580 million dollars. This includes an option for Hamon to purchase a majority holding in this company from 3 TSTA directors between $1.80 and $2.40 per share
--Customers include: General Motors, Dow Chemical, Royal Shell Corporation, Molson Breweries, Union Carbide.
Operations:
Revenues for the three month ending March 31st were 5,372,096, brining revenues for the fiscal year to 8,707,978. This represents an increase of 180% for the period compared to 2000, and 91% for the nine months compared to 2000. Net income was 338,128 for the quarter ending March 31st, and 349,355 for the fiscal year thus far. This represents an increase of 358% and 349% for the respective periods in fiscal 2000. Earnings per share for the quarter were .033, and for the 9 months were .034. The price earning ratio for the trailing twelve months is 22.
The company has 4.5 million in current assets and total assets of 5.5 million. Current liabilities are 3.6 million, and total liabilities are 3.7 million. 3.1 million of the current assets are in the form of cash. 1.6 million of the current liabilities are unearned revenues, expected to be completed during the quarter ending June 30th. The company also has an estimated backlog of 4.8 million, of which 4.15 million was expected to be completed by June 30th. The current ratio is 1.3 and working capital is .9 million.
The company provided exceptional growth thus far in the fiscal year, and such growth is expected. Revenues for the 4th quarter will be almost 7 million based on the estimated backlog and unearned revenues alone. This will represent a 30% growth from quarter 3, and will bring the fiscal year revenues to almost 16 million or a 260% growth from the last fiscal year. Assuming Q4 represents a similar return on sales as Q3, earnings should be approximately 500,000 assuming no new sales were made, which would represent earnings per share of .05. This would bring total earnings per share for the fiscal year to .084. Assuming that the stock continues to trade at roughly 20 times earnings, this new price would be 1.50.
The company anticipates that cash on hand will be enough to take it through the remainder of the fiscal year. The current assets alone are .8 million dollars greater than the total debt, meaning neither solvency or liquidity presents a problem. The company is running on a cash flow positive basis of 2.7 million dollars, and a cash flow positive from operations basis of 2.8 million dollars. Except for the 500,000 shares issued to Hamon Cottrell, the company has not issued any new equity since 1999.
http://www.freedgar.com/search/FilingsResults.asp?SourcePage=CompanyList&CIK=900393&UseFrame...
Hamon Cottrell:
Hamon Cottrell recently formed a strategic alliance with Turbosonic in which both companies will combined their marketing and management forces. Hamon Cottrell has annual revenues in excess of 580 million, presenting Turbosonic with an excellent marketing opportunity. As part of this deal Hamon Cottrell purchased 500,000 shares of Turbosonic for 500,00 in cash. This represents a 50% increase of the average closing bid in the period before this deal was announced. This is a far cry from the typical Otc BB equity strategies including outrageous interest rate loans, private placements at well under market value, and convertible debt. Additionally Hamon Cottrell has received options to purchase a majority stake in the company between 1.80 and 2.50 per share.
http://biz.yahoo.com/prnews/010807/nytu077.html
Articles and websites:
Article on Turbosonic's planned (and now executed) growth:
http://www.therecord.com/business/business_010126123923.html
In depth discussion of Turbosonic products from leading environmental web site:
http://www.environmental-expert.com/technology/turbosonic/turbosonic.htm
Hamon Cottrell Website:
http://www.hamon-researchcottrell.com/
GameCom moves to proxy stage in Ferris acquisition
By: DeNell Russell, Staff Writer August 17, 2001
Interactive game manufacturer GameCom (OTCBB: GAMZ) has filed a proxy statement with the U.S. Securities and Exchange Commission as part of its proceedings to acquire Ferris Productions Inc.
Proxy statements will be mailed to GameCom shareholders after the SEC approves the document. A shareholder's meeting is scheduled for Sept. 14 at GameCom's Arlington headquarters. Personnel changes already have taken place, with Arlington employees moving to Phoenix and Phoenix workers moving to Arlington, said Ferris Productions President Bob Ferris.
On another front, GameCom has retained Los Angeles-based Magnum Financial Group LLC to widen the company's standing in the investment and financial media communities.
"We are implementing a multi-tiered campaign to get our story and investment opportunity out to the public," GameCom Chief Executive Officer L. Kelly Jones said in a written statement. "Magnum was hired to bring our stock price and resulting market capitalization in line with our plans to take GameCom to the next level."
http://www.zwire.com/site/news.cfm?newsid=2232784&BRD=1427&PAG=461&dept_id=185827&rf...
Greg
Ah, the notariety begins, good catch Greg, thanks for bringing it over!
muel <g>
GAMZ CEO E-mail about Kon-lin Letter.
Friends and shareholders:
I am pleased to forward you this morning's press release, informing you that GameCom has been chosen as Kon-Lin Research and Analysis Corp.'s "Featured Stock of the Month."
For your convenience, I have attached a copy of the article from the August, 2001 The KonLin Letter, which was recently mailed to Kon-Lin's paid subscribers.
Obviously, we are very pleased with Kon-Lin's selection, and we hope it will be the first of many third-party validations of our company's progress and potential. Kon-Lin is a very respected company within the industry, and The KonLin Letter has a great track record in its selections. Let's hope its trend continues!
Please note that this was not a paid report. At Ed Taxin's suggestion, I sent some material to Kon-LIn a few months ago, and had no further dialogue with them until Mr. Konnie Kuhn called me a couple of weeks ago and advised me of GameCom's selection. In my discussions with him, it was obvious that Kon-Lin did a great deal of research on both GameCom and Ferris, and Mr. Kuhn gave me a very thorough review of our stock's history, fundamentals, charts, and his expectations of our potential future. They certainly did their homework.
Frankly, we had not expected any analytical coverage of our company until after the merger was concluded. We most sincerely hope Kon-Lin's recommendation serves notice of a quick start to our soon-to-be combined company's performance.
Finally, if you noticed the file being a bit large as it came in on your computer, I have included a "sneak peak" of the filming of the Red Baron Pizza project two weeks ago. I have attached three photographs from the filming process. After seeing them, I trust you will see why everyone associated with this project is so excited, and so anxious to see the final product. Imagine seeing this in a 360-degree immersive experience! I'll keep you advised as we complete production and deliver the virtual reality experience to Red Baron Pizza.
These are simply my personal comments, and should not be relied upon in your investment decisions. I strongly urge you to conduct your own due diligence with regard to an investment in GameCom. I respectfully refer you to GameCom's filings with the Securities and Exchange Commission.
L. Kelly Jones, GameCom CEO
Kon-Lin Research & Analysis Corp. Issues Research Report On GameCom
GAMZ Named ``Featured Stock of the Month'' for August 2001
ARLINGTON, Texas--(BUSINESS WIRE)--August 15, 2001--GameCom, Inc. (OTCBB:GAMZ - news), www.GameComInc.com, a leader in interactive Internet gaming, today announced that Konrad Kuhn of Kon-Lin Research & Analysis Corp., www.KonLin.com has issued a positive research report on the Company, while naming GameCom as Kon-Lin's acclaimed ``Featured Stock of the Month'' in the August edition of the well-respected ``The Kon-Lin Letter.''
Kon-Lin Research & Analysis Corp., does not accept compensation for its analyses of selected companies. ``The Kon-Lin Letter'' chooses low-priced stocks to analyze, with an emphasis on emerging growth and special situations poised for explosive price appreciation. ``The Kon-Lin Letter'' has constantly been one of the leading publications on Wall Street. It has been rated one of the best performing market letters in the nation, offering a unique service that each month recommends five low-priced selections, including a ``Featured Stock of the Month.''
The report includes a review of the latest developments at the Company, the Company's market position, and potential advantages, along with fundamentals and statistics.
``We are pleased by the positive endorsement received from Kon-Lin. We trust this is the first of many third-party validations of our growing company. In addition, our shareholders receive the added benefit of increased awareness generated from Kon-Lin's 250,000 subscription reader base,'' stated L. Kelly Jones, GameCom's chief executive officer.
GameCom announced its acquisition of Ferris Productions, Inc., www.FerrisVR.com, on April 18, 2001. GameCom's preliminary proxy statement with regard to the acquisition was filed with the Securities and Exchange Commission on Aug. 8, 2001, and the shareholders' meeting to approve the acquisition is scheduled for Sept. 14, 2001.
About GameCom
GameCom, based in Arlington, Texas, is a fully reporting, publicly traded Texas corporation. GameCom designs, manufactures, and assembles `Net GameLink(TM), an interactive Internet gaming concept featuring network-enabled gaming kiosks. Based in Phoenix, Ariz., Ferris is the world's largest and fastest growing producer of integrated hardware and software technology to the immersive virtual reality industry.
This news release contains certain forward-looking statements. Forward-looking statements are generally preceded by the words such as ``plans,'' ``expects,'' ``believes,'' ``anticipates,'' or ``intends.'' Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. GameCom urges investors to review in detail the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
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Contact:
Magnum Financial Group, LLC
Kari Rundquist, 213/488-0443
kari@magnumfinancial.com
GAMZ - August Stock of the month in the Konlin Letter.
http://www.gamecominc.com/Publications/pdf/KonLin-Letter.pdf
Greg
PROFILE ON BICO
VALUE DISCOVERIES PROFILES BICO
Bio-One Corporation is an emerging growth holding company in the nutritional supplements industry. Management is embarking on building a highly profitable $150 million revenue (Phase One) Company in the nutritional supplements industry via vertical integration of manufacturing facilities and industry consolidation of distribution companies.
The Company has targeted fifty-one Florida-based firms engaged in the manufacture and distribution of nutritional supplements as acquisition candidates. The Company has signed it's first Letter of Intent to acquire a $7 million manufacturing facility.
Bio-One Corp. (OTCBB: BICO) Check quotes at: BICO Quote
310 Waymont Ct. Ste. 100 Lake Mary, FL 32747
Stock Info Last Update July 30, 2001 4:00 PM Last Trade: July 30, Price: .61 52 Week Low: 0.05 High: .90
SHARES OUTSTANDING: 11 Mil SHARES IN THE FLOAT: 1.6 Mil
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INDUSTRY OUTLOOK
More than 100 million Americans are taking nutritional supplements; U.S. sales are approaching $60 billion annually; the industry has been, and is growing at a rate of 20% annually; it is highly fragmented with a majority of “first generation mom and pop” operations and is poised for consolidation. The Company’s domicile state, Florida, ranks second only to California in nutritional supplement sales and ranks first nationally in per capita consumption.
The Opportunity for the industry to be consolidated is exceptional. Many founders are reaching retirement age and with no exit strategy. The industry is highly fragmented with 90% of all companies revenues ranging from $500,000 to $5,000,000. More than 5,000 companies have revenues under $25 million. Bio-One has begun to consolidate from the bottom up.
LIVE BLOOD CELL ANALYSIS
The Company began providing its blood analysis test after May 30, 2000. However the principals have been working on the development for a number of years. The Company has designed and is providing a blood analysis test, which it has branded as its "Live Blood Cell Analysis” program. This blood work-up identifies the specific blood composition of individuals and attempts to identify, in the Company's opinion, a normal range and associated nutritional value after which it is able to tailor various naturopathic and nutritional supplement products to address specific conditions which have been identified by the test. The Company is utilizing its Live Blood Cell Analysis examination as a marketing approach by which it will be able to sell its full line of nutritional products. The Company's goal is to serve people worldwide who desire to live well as they live longer.
MANAGEMENT
The team possesses strong credentials and extensive industry experience, and has exhibited the proven performance, skills, and energy needed to build a high margin, low capital intensive national and international business. Specifically, our Management Team is a blend of senior executive leadership and junior executive leadership with over 70 years of industry experience, both nationally and internationally.
Frank Clark, Chairman of the Board of Directors has served as a former officer and director of several Fortune 500 health care companies. He was executive vice president and a director of a Johnson & Johnson subsidiary. He also has served as President and director of R.P. Scherer, Inc.
Armand Dauplaise, President & CEO, has extensive experience at the CEO and COO level spanning four industries. He has served in leadership positions with Hallmark Cards, the Burger King Corporation, Hardees, National Coffee Company, Coffee Butler Service, and Premier Services. Mr. Dauplaise has extensive experience in management, operations, marketing, mergers and acquisitions. He has received numerous industry awards for service, performance and leadership.
Bernard Shinder, Acting Chief Financial Officer and Director, has a long record of success in the practice of international law and finance. He has been engaged as a professional in most aspects of business finance including initial and secondary stock offerings, mergers, acquisitions, venture capital, international taxation strategy, international licensing, technology transfers, strategic planning and management of the expansion process. Mr. Shinder is well known as a developer of operational infrastructures and an expediter of the financial processes.
Kevin Thomas, Director and VitaRich President, founded the VitaRich Group to focus on the research, development, manufacturing and worldwide distribution of premium nutritional products. He previously worked as a biochemist, researcher, and product development director for two industry leaders. Mr. Thomas has written and has had published several of his articles and studies on the role of Pharmaceutical technology in the nutrition industry.
BOTTOM LINE
The Company believes there are four compelling reasons why anyone would want to invest in the successful future of Bio-One Corporation: 1) Management; 2) Industry; 3) Opportunity; 4) Plan. If you are one of the 100 million Americans who utilize nutritional supplements, appreciate the benefits and understand the "growing and graying market" opportunity at hand, you may wish to consider Bio-One Corporation as your way to capitalize on an a increasingly health-conscious society.
ORLANDO, FL, July 30, 2001/Business Wire - Bio-One Corporation - BICO - Stock Symbol Clarification
ORLANDO, FL, July 17, 2001/Business Wire - Bio-One Assembles New Management Team To Facilitate Future Growth
ORLANDO, FL, July 10, 2001/Business Wire - Bio-One Announces Letter of Intent to Acquire Leading Nutritional Supplement Manufacturer
ORLANDO, FL, June 29, 2001/Business Wire - Bio-One Corporation Announces Business Model
ADDITIONAL INFORMATION
To listen to Armand Dauplaise discuss the future of Bio-One Corp. go to MACREPORT.net and proceed to Company Profiles. A free registration may be required.
Robert Gartzman Public Relations: (561)447-7177
For the Value Discoveries newsletter: (240)465-7591
Letter from the GAMZ CEO - 08/13/01
Friends and shareholders:
Attached please find this morning's release, announcing Ferris' current project for Chevrolet.
We are very pleased with this project, which is certainly "high profile," and will no doubt help Ferris in expanding the opportunities for the commercial and promotional aspects of virtual reality.
The project was filmed in conjunction with the US ski team a couple of weeks ago at the ski team's headquarters in Park City, Utah, which is where the high jump event will be held at the upcoming Winter Olympic games. A member of the high jump team attached Ferris' 360-degree camera, and made a couple of runs off the big jump. I have seen photographs of the shooting, and understand the film is phenomenal.
We are completing production of the project, and will be delivering it to Chevrolet in early September, in time for use in Chevrolet's Olympic Torch City Celebration Tour. I hope some of you live in or near one of the cities along the tour, so as the torch comes through your town you can witness Ferris' incredible technology for yourself.
As you know, we filed the prospective proxy statement with the Securities and Exchange Commission last week, and we expect to hear back from the commission by the end of the week. As you know, we have targeted next Monday for the mailing date.
We've been busy on all fronts, and we look forward to advising you of our progress.
These are simply my personal comments, and should not be relied upon in your investment decisions. I strongly urge you to conduct your own due diligence with regard to an investment in GameCom. I respectfully refer you to GameCom's filings with the Securities and Exchange Commission.
L. Kelly Jones, GameCom CEO
http://www.gamecominc.com/Letter_from_the_CEO/letter_from_the_ceo_08_13_01.htm
GameCom Announces Agreement Between Ferris and Chevrolet
Ferris to Produce ''Chevrolet's Olympic Torch City Celebration Tour''
ARLINGTON, Texas--(BUSINESS WIRE)--Aug. 13, 2001--GameCom, Inc. (OTCBB:GAMZ - news), www.GameComInc.com, a leader in interactive Internet gaming, today announced that Ferris Productions, Inc., www.FerrisVR.com, the world's largest virtual reality entertainment company, which will be acquired by GameCom, has agreed with Chevrolet (NYSE:GM - news) to produce and manufacture ``Chevrolet's Olympic Torch City Celebration Tour.''
The ``Chevrolet Olympic Torch City Celebration Tour'' is scheduled to begin in mid-September 2001 and will promote Chevrolet's sponsorship of the Olympic Torch Relay and America's Olympic athletes. The tour, which will focus on the 2002 United States Olympic Ski Team, will follow the 65-day 2002 Winter Olympic torch through nearly 60 American cities. For the tour, Ferris is developing a 360-degree, photo realistic, first person experience of the breathtaking 120K ski jump at the Olympic venue in Park City, Utah.
``With the successful completion of the filming of the ski jump, we have again pushed the technical envelope for immersive virtual reality experiences,'' commented Lance Loesberg, GameCom/Ferris' executive vice-president. ``We look forward to parlaying our success with Chevrolet into additional relationships and projects for blue chip companies, which increasingly use innovative, high-tech promotional programs.''
L. Kelly Jones, GameCom's chief executive officer, commented, ``We are excited to see that Ferris is continuing to execute on its business plan. This is just another example of why we are so enthusiastic about this acquisition. After completion of the merger, Ferris will be a dynamic component to GameCom's business.''
Ferris' highly successful, multi-sensory, photo realistic immersive VR projects are the first of their kind within the promotional advertising industry. Last year, Ferris digitally shot and produced the highly-successful ``Buick LeSabre Drive with Confidence Tour.'' For the ``Buick LeSabre Drive with Confidence Tour,'' Ferris utilized an advanced VR headset which enabled a participant to experience 360-degree sight while hearing and smelling the experience. In addition to the ``Chevrolet Olympic Torch City Celebration Tour,'' Ferris recently completed filming the ``Red Baron Pizza Stearman Squadron Tour'' in Seattle. Both projects are currently in production, with delivery scheduled during September.
GameCom announced its acquisition of Ferris on April 18, 2001. GameCom's preliminary proxy statement with regard to the acquisition was filed with the Securities and Exchange Commission on Aug. 8, 2001, and the shareholders' meeting to approve the acquisition is scheduled for Sept. 14, 2001.
About GameCom
GameCom, based in Arlington, is a fully reporting, publicly traded Texas corporation. GameCom designs, manufactures, and assembles `Net GameLink(TM), an interactive Internet gaming concept featuring network-enabled gaming kiosks. Based in Phoenix, Ferris is the world's largest and fastest growing producer of integrated hardware and software technology to the immersive virtual reality industry.
This news release contains certain forward-looking statements. Forward-looking statements are generally preceded by words such as ``plans,'' ``expects,'' ``believes,'' ``anticipates,'' or ``intends.'' Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. GameCom urges investors to review in detail the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Magnum Financial Group LLC, Los Angeles
Kari Rundquist, 213/488-0443
kari@magnumfinancial.com
Kiosk Business Article that talks about Gamecom/Ferris Ticker: GAMZ
http://www.kioskbusiness.com/articles/dept3.html
Greg
Letter from the GAMZ CEO - 08/09/01
Friends and shareholders:
I am pleased to attach this morning's press release announcing that GameCom has filed its preliminary proxy statement with the Securities and Exchange Commission. This is obviously a tangible sign that our acquisition of, and merger with, Ferris Productions is progressing.
The proxy statement represents a great deal of work, from both our securities counsel and CPAs, and I trust you will avail yourself of its information regarding both companies, as well as the combined company's proforma financials.
While we obviously support the merger initiative, because of securities laws regarding proxy solicitation, I am required to be a little less expansive in this process than I usually am in other instances. I am limited in my comments to the points made in the proxy statement. While I strongly suggest your thorough review of the entire document once it receives approval and is mailed to our shareholders, I especially urge you to read the "Frequently Asked Questions" section beginning on page four, as it contains GameCom's management's view of the proposed merger, as well as our reasons why we favor the proposals.
We are now awaiting the SEC's review and comments, if any. We have chosen August 10th as the shareholder record date, are proposing to mail the proxy statements on August 20th, and have selected September 14th as the shareholders' meeting date.
On other fronts, we are making much progress with the anticipated implementation and blending of the two companies, and we look forward to advising you of significant progress in our fields of business.
We have been very pleased with our first week of working with Magnum Financial Group, and you may be sure we have them working hard on a number of exciting projects.
As always, I invite your questions and comments. Please remember, however, that I am required to be fairly limited in my comments regarding the merger and the material contained within the proxy statement.
These are simply my personal comments, and should not be relied upon in your investment decisions. I strongly urge you to conduct your own due diligence with regard to an investment in GameCom. I respectfully refer you to GameCom's filings with the Securities and Exchange Commission.
L. Kelly Jones, GameCom CEO
http://www.gamecominc.com/Letter_from_the_CEO/letter_from_the_ceo_08_09_01.htm
GameCom Files Proxy Statement With SEC
GameCom Proceeds With Merger of Ferris Productions Inc.
ARLINGTON, Texas--(BUSINESS WIRE)--Aug. 9, 2001--GameCom Inc. (OTCBB:GAMZ - news), www.GameComInc.com, a leader in interactive Internet gaming, today announced that its acquisition of Ferris Productions Inc. is progressing, and that the company has filed a proxy statement with the Securities and Exchange Commission (the ``SEC'') with regard to the acquisition.
Upon completion of a review by the SEC, GameCom will be mailing the proxies to its shareholders. The shareholders meeting is set for Sept. 14, 2001, at the company's offices at Arlington.
``The integration of the two companies continues,'' commented Bob Ferris, president of Ferris Productions. ``GameCom personnel have moved to Phoenix, and Ferris people to Arlington, and we are busy with the logistics of blending two companies into one. We are anxious to conclude this merger, and attend to the opportunities afforded by the combined entity.''
The proxy statement contemplates a mailing date of Aug. 20, and GameCom's shareholders should expect to receive the proxy shortly thereafter.
About GameCom
GameCom, based in Arlington, is a fully reporting, publicly traded Texas corporation. GameCom designs, manufactures and assembles `Net GameLink(TM), an interactive Internet gaming concept featuring network-enabled gaming kiosks. GameCom recently announced the acquisition (subject to shareholder approval) of Ferris Productions.
Based in Phoenix, Ferris (www.FerrisVR.com) is the world's largest and fastest-growing producer of integrated hardware and software technology to the immersive virtual reality industry.
This news release contains certain forward-looking statements. Forward-looking statements are generally preceded by the words such as ``plans,'' ``expects,'' ``believes,'' ``anticipates'' or ``intends.'' Investors are cautioned that all forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from current expectations. GameCom urges investors to review in detail the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Magnum Financial Group LLC, Los Angeles
Kari Rundquist, 213/488-0443 (Investors)
kari@magnumfinancial.com
Gamecom Ticker GAMZ just filed their proxy statement.
http://www.tenkwizard.com/filing.php?repo=tenk&ipage=1466662&doc=1&total=&back=1&...
Greg
E-Mail from Kelly Jones CEO of GAMZ
Friends and shareholders:
Attached please find this morning's press release announcing that GameCom has retained Magnum Financial Group in Los Angeles as its investor relations professionals. We are very pleased to make this announcement.
As the spring evolved and we announced the Ferris Productions acquisition, we knew we needed a professional IR/PR firm to assist the company get the word out about our expanded operations, and to "take us to the next level." We wanted to have a top-notch firm advising us as we moved toward consummation of the merger, and as we began to perform on the combined business plan.
The selection of Magnum was indeed the result of an exhaustive search and due diligence process. We talked with over 100 companies, and the combined GameCom and Ferris boards of directors, as well as our consultants, participated in many joint teleconferences and interviews. We probably called over 100 small cap companies doing due diligence on our "finalists," and, in the end, we believe Magnum was the clear victor.
In Magnum's impressive materials, the first line from its mission statement says it all: "Magnum Financial Group's vision is to be the premier provider of value-creating financial services to micro and small cap public companies...." That's exactly what our research confirmed.
Magnum's assistance to GameCom in this transitional period will be comprehensive, as we didn't merely hire a firm to assist with press releases. Magnum will, among other responsibilities, be assisting us with creating a new overall appearance for the combined entity, new marketing and promotional materials, a new joint website presence, obtaining analyst coverage, opening and maintaining dialogue with our market makers, performing "streetwork," and coordinating quarterly/special event conference calls with the investment community.
From our contract, Magnum's objective is to "achieve the highest sustainable market value for the Company's securities, contributing to increased shareholder liquidity and enhanced corporate finance opportunities."
Some of the CEO comments we heard about Magnum and its president, Mike Manahan: "Mike is a pro. They have moved our stock in a difficult market," "Mike can take you to the next level -- he has the contacts, experience, drive, and is available when you need him," and "he clearly has the right contacts for small cap companies -- he specializes in servicing small cap companies."
I would be remiss if I didn't thank a couple of people for their extraordinary work on this project. Andy Wells from Ferris' board put in many hours, and I'm afraid to see the long distance phone bills from Arlington to Houston this month. Gary Cella, a GameCom consultant, was especially helpful with his reconnaissance, contacts, and personal meetings with some of the interviewed firms. Of course, as I mentioned, I appreciate the time from both companies' boards of directors.
Of course, Magnum's ability is dependent upon management doing its job, and delivering on our business plan. That's exactly what we intend to do, and believe we are doing. However, before we started announcing our progress, we wanted Magnum on board.
These are simply my personal comments, and should not be relied upon in your investment decisions. I strongly urge you to conduct your own due diligence with regard to an investment in GameCom. I respectfully refer you to GameCom's filings with the Securities and Exchange Commission.
L. Kelly Jones, GameCom CEO
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