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Bought all the way down to .006, now it's time for this to kaboom!
<img src=
http://www.linkair.com/company/images/pic_wm_lee.jpg>
William C.Y. Lee Looks Ahead to 4G Wireless
By Bruce Christian
Posted: 03/2001
Intellectual Capital
Calling it a patched-up system that could be inefficient, William C.Y. Lee, one of the world's leading authorities on mobile communications, says it may be best if the industry were to leapfrog over third-generation wireless and prepare for the fourth-generation.
"I don't like 3G," says Lee, chairman and chairman of the board for LinkAir Communications Inc. (www.linkair.com). "It is not a very good system. I feel it is wasting our time, and the performance won't be as we expected."
On the other hand, "4G technology can evolve quickly, so we can skip 3G and go directly to 4G," Lee says.
For 35 years, Lee has worked on the technology side of wireless communications. But he also recognizes the business side and the need for resellers and agents to offer wireless communications. Vital Stats:
Name: William C. Y. Lee
Title: Chairman
Hobbies: Writing
Professional Philosophy: Use mathematics to solve problems. Use physics to interpret results. Use experiments and counterexamples to check outcomes. Use pictures to emphasize important points.
Memberships: IEEE Fellow, RCA (Radion Communications Association), ITU (International Telecommunicatiohnology, U.S. Council on Compitiveness, Chairman of Transnational Committee of the IEEE Vehicular Technology Society, FCC Technical Advisory Council.
Honors: IEEE VTn Union , International Electrotechnical Commission, California Council on Science and TecS Avant Garde Award, CTIA Award, CDMA Industry Achievement Award, SATEC Award, Bell Lab Service Award, IEEE Third Millennium Medal Award.
Company Snapshot:
Name: LinkAir Communications, Inc.
Headquarters: Santa Clara, Calif.
Founded: 1999 by Ting Zheng, Daoben Li and Zuye Zou.
Mission: To develop and deliver leading edge 3G and 4G wireless telecommunications technologies that will enable wireless networks to deliver high-capacity and high-speed voice and data services.
Employees:150 people in the United States and China.
"They have to get into wireless to survive," Lee says. "In the future, portability and mobility will be vital to business and to personal communications. If the distribution channels don't get into wireless, I think they are missing the boat."
Lee began exploring wireless communications after receiving his doctorate at Ohio State University--writing his dissertation on satellite communications. He was hired in 1964 at Bell Labs to further his satellite research with AT&T Corp. (www.att.com). But before he arrived, Congress cut funding to the AT&T project, because lawmakers feared the major telecommunications company only would enhance its then monopolistic position. If Lee wanted to work on satellite communications, he would have to go somewhere else.
"I chose not to go," he recalls. He was then told of Bell Labs' new research department called AMPS, which would develop mobile communications. He accepted the challenge, because he had never heard of mobile communications.
"Sometimes you don't choose your future," Lee says. "But this turned out to be a very rich field for me."
Indeed it has. Lee has written three books on wireless and more than 200 papers. He has taught at the university level and lectured throughout the world. Lee's latest book, Lee's Essentials of Wireless Communications, was released in mid-January. It is part of the McGraw-Hill (www.mcgraw-hill.com) Telecommunications Series.
"Dr. Lee is among the elite telecom luminaries and has been a key player in the evolution of wireless technologies from its first generation through its current third generation," says Steve Chapman, executive editor at McGraw-Hill.
After 15 years at Bell Labs, Lee went to work for the ITT Defense Communications Division. Following his work there, Vodafone Airtouch plc (www.vodafone.com)--the world's largest mobile telecommunications company--hired him. His attention turned to personal communications network (PCN) technology and, in 1989, the United Kingdom granted Vodafone its PCN license.
Lee's 1990 work developing a new microcell system increased radio capacity by 2.5 times over the conventional microcell system.
In all, Lee's work has led to 25 U.S. patents, with 11 more pending. He also was instrumental in conducting key research for Pacific Telesis Group's (PacTel, now part of SBC Communications Inc., www.sbc.com) PCS experimental CDMA, which was perfected and launched in 1995 as a viable commercial mobile technology.
When Lee speaks of 4G, his emotions are betrayed. He becomes excited. He says the technology is a step beyond the immediate tomorrow.
He explains that the first three generations of wireless communications have required using a pair of frequencies. One frequency is used to send out a signal, a second one is used to receive.
"That is called the FDD [frequency division duplex]," Lee explains, as if he has returned to City University of New York, where he taught the first wireless classes offered there. "The first three generations use FDD because they have no way to isolate the interference in the sending out and receiving back in the cellular system.
"New scholars have come up with special smart codes that can isolate the interference in the host cellular system, so you don't need the FDD. Instead, we can use TDD (time division duplex)."
According to Lee, this innovation allows a signal to be sent on one time slot and return in another time slot on the same frequency.
"It's really about spectrum efficiency," he says. "With this system, you don't need complicated technology."
Lee says much of the research done to make wireless better has been focused on isolating interference.
"Interference is the killer. But now we have these special codes. We don't need any of the expensive technologies, like smart antennas," Lee says. "This is simple, high-tech efficiency in using the spectrum, which is very expensive."
Lee knows something about the cost of wireless. He remembers when the first mobile system was available commercially in the United States. It was rolled out just about the same time as the 1984 Los Angeles Olympics. The cost per unit was $3,800.
"All the Wall Street analysts were saying it was too expensive. They didn't think there would be many people who would want it."
The Wall Street analysts were wrong.
"People like mobility," Lee said. "People like to travel. California [residents] came to mobile quickly, because California likes to try new stuff."
Of course, Lee agrees with the industry analysts who say that the future for mobile communications is in data. It is another reason he is such a big proponent of 4G.
"Since the Internet has come up and data transmission has started, we need more bandwidth, and more capacity and now more frequency," Lee explains.
That is why using the available frequency more efficiently makes more sense, he adds.
"Sometimes you may be downloading very heavy traffic, but you may only be sending back an acknowledgement or a request, so we don't need the FDD. You should be able to use the single frequency."
Bruce Christian is editor of PHONE+ magazine
http://www.phoneplusmag.com/articles/131feat3.html
imo
I had to buy all the way down to .006 last week to hit the bottom averaging down!
imo
More comments:
...multiple offers, each over $10,000,000.00 from Institutional Financial Groups ready to fund its future expansion of Broadband Wireless Infrastructure in China. The Board of Directors of AccessTel Inc. will vote on the approved terms and conditions of each offer. The Board expects to announce their final decision early next week.
Here's my uninformed guesses. One of these is from Qualcomtel, and one is from some Chinese source, possibly related to LinkAir.
My guess is that they are now in a stronger negotiating position having two (or more) possible suitors of funding.
I would guess that Boeckler initially had the QCOM connection, and cultivated it via Lee's presence, into a possible credit line and equipment grant, for a large stake in ATEL-- this is what we see rumoured around anyway. Consider though that maybe ATEL began to reconsider whether they were giving up too much of the company (let's guess, 25% equity and 40% of the BOD) to QCOM for what they were getting.
Alongside this, Lee becomes the chairman of the BOD for LinkAir, who has multiple funding sources, and ATEL begins deciding that LinkAir, not Qcommtel, has the tech that they will possibly rollout once it is posible-- it's easy to think that Lee pushes for LinkAir more so than QCOM, given the current circumstances.
I know the arguements that QCOM adds immediate credibility to ATEL, and that might be so, but there's no reason for Liang/Lee to give up their +50% ownership of the company if they don't have too. The real credibility will come from installment of the services in China and having clients, anyway.
I look for them to get enough finding to get the MMDS up and running in Shanghai, make it a showcase, and gain more financing leverage.
The other scenario is for Boeckler to be satisfied with the shares he has in his family names (opps, he already dumped them!), and forgo his 20% equity stake toward Qualcommtel for their equipment/credit--which they still very much want--(everybody but he is happy:), and then he can stick to website developing (jk)... wanna put it to a vote?
imo
Good. Heard that this:
Testing is continuing in China with AccessTel Inc.'s customers.
is going extremely well, pleased clients, mkt will be quite profitable for ATEL.
imo
Boeckler and Liang go back a number of years, I'd guess ~7, as Liang would let Boeckler know what were the up and coming Silicon companies in the mid 80's... then Boeckler got free share fever in the OTC pigflyingfest of the previous 2 years. I think Liang and Lee wanted to start the company, and Boeckler had the means, alongside Markow. But you are right about Boeckler taking advantage of the situation, look at his relatives getting free shares in the filings. He needs to be dealt with, as does the Liang's position of leadership.
I too think they will work the positions out positively. I heard that the three had a meeting today and talked things out, looking for an agreed solution, which I hope emerges shortly. In the meantime, the business in Shanghai is progressing, and that is what really matters.
imo
ARYN coming off a bottom, good volume, building up nicely.
imo
Bought more today and yesterday, added ~400k, .017, .015 .013, and .012, and will add more tomorrow as well:
CMIH - CMI HOLDINGS GROUP INC
MMID Quote
By Bid Size Date
Time MMID Quote
By Ask Size Date
Time
NITE 0.01 / 0.013 5000x5000 13:14 EQUI 0.005 / 0.012 5000x5000 15:46
HRZG 0.01 / 0.017 5000x5000 13:19 NITE 0.01 / 0.013 5000x5000 13:14
MASH 0.008 / 0.025 5000x5000 13:15 HRZG 0.01 / 0.017 5000x5000 13:19
EQUI 0.005 / 0.012 5000x5000 15:46 MASH 0.008 / 0.025 5000x5000 13:15
cHILL 0.01 / U 5000x 03/05 cFRAN 0.005 / 0.015 5000x5000 11:03
cWIEN 0.01 / 0.02 5000x5000 09:52 cPGON 0.0075 / 0.015 5000x5000 11:05
cLTCO 0.01 / 0.024 5000x5000 13:17 cWIEN 0.01 / 0.02 5000x5000 09:52
cPGON 0.0075 / 0.015 5000x5000 11:05 cFLTT 0.0075 / 0.02 5000x5000 13:21
cFLTT 0.0075 / 0.02 5000x5000 13:21 cLTCO 0.01 / 0.024 5000x5000 13:17
cGBIC 0.005 / 0.045 5000x5000 03/06 cGBIC 0.005 / 0.045 5000x5000 03/06
cFRAN 0.005 / 0.015 5000x5000 11:03 cDONC U / U 03/01
cDONC U / U 03/01 cHILL 0.01 / U 5000x 03/05
Remarks:
Market Makers
MM ID
Trader Market Maker Phone
DONC
DONCJ Donald & Co. Securities I
NJ- Trading 800 526 3193
732 530 0890
EQUI
EQUI2 Equitrade Securities Corp
Lake Forest, CA 800 266 1170
949 699 1170
FLTT
FLTTDP Fleet Trading
Jersey City, NJ 800 526 3041
212 209 5270
FRAN
0011 William V. Frankel & Co.
OTC Trading - Jersey City, NJ 800 631 3091
212 943 6633
GBIC
GBICF4 GBI Capital Partners Inc
FT. Lauderdale, FL 800 929 2111
954 491 4545
HILL
HT020 Hill Thompson Magid & Co.
OTC Trading - Boca Raton, FL 800 450 2566
201 434 8100
HRZG
ALFONSEL Herzog, Heine, Geduld, Inc
OTC Trading - Jersey City, NJ 800 221 3600
212 962 0300
LTCO
43812 Ladenburg, Thalmann & Co.
New York, NY 212 409 2500
MASH
53 Schwab Capital Markets LP
OTC Trading - Jersey City, NJ 800 631 3094
201 963 3311
NAIB
BB3409 North American Institutio
Ft. Lauderdale - FL 800 952 6559
954 938 8500
NITE
1120 Knight Secs LP
Jersey City, NJ 800 232 3684
212 336 8736
PGON
TRADERM Paragon Capital Corp.
OTC Trading - Boca Raton, FL 800 521 8877
561 750 3777
WIEN
5509 Wien Securities Corp.
OTC Trading - Jersey City, NJ 800 624 0050
212 732 6049
imo
I am, and I heard of insiders who bought those three big blocks of 200k to 350k at the end, as soon as EQUI is out of shares, this is going to rocket, so I will buy more in the AM at .012-.013;
CMIH - CMI HOLDINGS GROUP INC
Inside: 0.01 / 0.012 (5000 x 5000)
MMID Quote
By Bid Size Date
Time MMID Quote
By Ask Size Date
Time
NITE 0.01 / 0.013 5000x5000 13:14 EQUI 0.005 / 0.012 5000x5000 15:46
HRZG 0.01 / 0.017 5000x5000 13:19 NITE 0.01 / 0.013 5000x5000 13:14
MASH 0.008 / 0.025 5000x5000 13:15 HRZG 0.01 / 0.017 5000x5000 13:19
EQUI 0.005 / 0.012 5000x5000 15:46 MASH 0.008 / 0.025 5000x5000 13:15
cHILL 0.01 / U 5000x 03/05 cFRAN 0.005 / 0.015 5000x5000 11:03
cWIEN 0.01 / 0.02 5000x5000 09:52 cPGON 0.0075 / 0.015 5000x5000 11:05
cLTCO 0.01 / 0.024 5000x5000 13:17 cWIEN 0.01 / 0.02 5000x5000 09:52
cPGON 0.0075 / 0.015 5000x5000 11:05 cFLTT 0.0075 / 0.02 5000x5000 13:21
cFLTT 0.0075 / 0.02 5000x5000 13:21 cLTCO 0.01 / 0.024 5000x5000 13:17
cGBIC 0.005 / 0.045 5000x5000 03/06 cGBIC 0.005 / 0.045 5000x5000 03/06
cFRAN 0.005 / 0.015 5000x5000 11:03 cDONC U / U 03/01
cDONC U / U 03/01 cHILL 0.01 / U 5000x 03/05
Remarks:
Market Makers
MM ID
Trader Market Maker Phone
DONC
DONCJ Donald & Co. Securities I
NJ- Trading 800 526 3193
732 530 0890
EQUI
EQUI2 Equitrade Securities Corp
Lake Forest, CA 800 266 1170
949 699 1170
FLTT
FLTTDP Fleet Trading
Jersey City, NJ 800 526 3041
212 209 5270
FRAN
0011 William V. Frankel & Co.
OTC Trading - Jersey City, NJ 800 631 3091
212 943 6633
GBIC
GBICF4 GBI Capital Partners Inc
FT. Lauderdale, FL 800 929 2111
954 491 4545
HILL
HT020 Hill Thompson Magid & Co.
OTC Trading - Boca Raton, FL 800 450 2566
201 434 8100
HRZG
ALFONSEL Herzog, Heine, Geduld, Inc
OTC Trading - Jersey City, NJ 800 221 3600
212 962 0300
LTCO
43812 Ladenburg, Thalmann & Co.
New York, NY 212 409 2500
MASH
53 Schwab Capital Markets LP
OTC Trading - Jersey City, NJ 800 631 3094
201 963 3311
NAIB
BB3409 North American Institutio
Ft. Lauderdale - FL 800 952 6559
954 938 8500
NITE
1120 Knight Secs LP
Jersey City, NJ 800 232 3684
212 336 8736
PGON
TRADERM Paragon Capital Corp.
OTC Trading - Boca Raton, FL 800 521 8877
561 750 3777
WIEN
5509 Wien Securities Corp.
OTC Trading - Jersey City, NJ 800 624 0050
212 732 6049
imo
Yea, CMIH is trading like the MM's are manipulating it, I just bought 100k at .014, and then 20k goes by at the bid of .012, MM drops ask to .013, so I buy 30k more, MM responds by droping bid w/o any sells to .01, so I expect I may even get shares at .011 before the day is over, but the selling is very small today compared to the previous days of the week, so it has bottomed, and MM's just placing the close as low as they can to cut the legs of future st runs.
CMIH - CMI HOLDINGS GROUP INC
Inside: 0.01 / 0.013 (5000 x 5000)
MMID Quote
By Bid Size Date
Time MMID Quote
By Ask Size Date
Time
HILL 0.01 / U 5000x 03/05 NITE 0.01 / 0.013 5000x5000 13:14
WIEN 0.01 / 0.02 5000x5000 09:52 EQUI 0.01 / 0.014 5000x5000 12:31
EQUI 0.01 / 0.014 5000x5000 12:31 FRAN 0.005 / 0.015 5000x5000 11:03
NITE 0.01 / 0.013 5000x5000 13:14 PGON 0.0075 / 0.015 5000x5000 11:05
LTCO 0.01 / 0.024 5000x5000 13:17 HRZG 0.01 / 0.017 5000x5000 13:19
HRZG 0.01 / 0.017 5000x5000 13:19 WIEN 0.01 / 0.02 5000x5000 09:52
MASH 0.008 / 0.025 5000x5000 13:15 FLTT 0.0075 / 0.02 5000x5000 13:21
PGON 0.0075 / 0.015 5000x5000 11:05 LTCO 0.01 / 0.024 5000x5000 13:17
FLTT 0.0075 / 0.02 5000x5000 13:21 MASH 0.008 / 0.025 5000x5000 13:15
GBIC 0.005 / 0.045 5000x5000 03/06 GBIC 0.005 / 0.045 5000x5000 03/06
FRAN 0.005 / 0.015 5000x5000 11:03 DONC U / U 03/01
DONC U / U 03/01 HILL 0.01 / U 5000x 03/05
imo
Hey Plato, got back and am now ready for CMIH to make a nice run, 2M+ shares waiting to see the teens. You should update this thread once the PR's start to flow, I did email FM about the symbol change.
imo
I think CMIH is a good entry at this moment, should have quite a run.
imo
Could be a nice entry today for a st pop, I'll watch and do some DD.
imo
Yes, I'll get to it soon. eom
imo
Link to the transcript is in the headlines of the profile here. I probably copied that projection from the business plan that was along with the other materials that you have.
At any rate, the profile needs to be updated to be relevant to what ATEL is actually doing right now. I've been gone for a month, during which time a lot has occurred. My guess from second hand sources is that the BOD felt that capitalizing on their Shanghai and China connections to grow the company was a better first move than acquisitions(Wells and STS) and giving over more control than they wanted to (the Qualcommtel deal), so they scaled back on those plans, doing a JV and credit line (gain just a second hand guess), for the time being.
Liang taking full control of the situation is going to be the best scenario for ATEL in the mid to long run, but I think it will be rocky for a bit.
I'd lay the excesses at Boecklers feet, as whatever Markow said was coming from Boeckler. What should my attitude toward, and expectations to, the information about the future of AccessTel be? I think we have to say "show me" and see what they can do in Shaghai first, and if that is a success, then they build on it.
Obviously, they got the financing to take their first step, and I think Liangs position was that he wasn't going to just give away half of the control of ATEL just because it was in the infancy stage, so we let them have the time to see if Shanghai suceeeds, and if it does, they are in a stronger position for Acq's and JV's.
imo
Welcome to Investorhub A@J nice to see your first post honors
atel. Yea, me too, I'm real worried about ElGiny shorting a .50 stock, makes me just shiver thinking about it!
Actually, I talked with Liang today, he seems to have the required resources that you mention.
imo
That whole presentation that you are referring to was done for PP investors while AccessTel was a private company, and was never publically disclosed while AccessTel was a public company. So, you need to understand it as a roadmap, not a filing, as it was a presentation made for speculative investors who did participate in a PP with AccessTel as a private company last year.
I seem to recall from conversations late last year that they are operating it on a JV basis rather than an acquisition basis. It was made clear in the Nov 23rd CC, (same for the Qualcomtel announcents made in that presentation):
...............................................................
Q: What if any patented technology does AccessTel own, is their a website we can to to in order to look at some of these technologies. If you don't have patented technologies, what exactly do you bring to the party?
Boeckler: In the first stages of AccessTel, it's not looking to deploy patented technology and developed technology to deploy in China. We are not looking to take in investment funds to begin Star Wars. Through Liang's significant experience in high tech in San Jose for the past 25 years, and relationships with many of the tech firms and developers of the tech, we have relations with providers of existing tried and true tech available today. We have through assistance of the advisor to the board, Dr. Lee, further, advice and structure of connectivity in 2.5 and 3G tech.
In initial stages, providing interconnectivity services, not starting off as a manufacturer, or commercializer of our own products in the intial stage. Deploying existing stage tech, from, whether it be Qualcomm or Ericsson or Lucent, to provide us technology in CDMA, HDR, and in MMDS.
We will connect those Gateways to a combination of internet access and internet telephony. Through the strategic releationship with both Well's Comm and STS, begin to ramp up IP Int. telephony through 10-10-653 number in No. Cal, and the CLEC relationship with Wells Comm and begin to provide termination of telephony services in China at very lucrative rates already negotiated through the major telephony companies.
The formation of AccessTel China allows connection into the local PTI's (local telephony services & internet services). As a foreign owned company, AccessTel can participate in revenue on internet service provision and communication on international traffic--terminating calls in Europe, the US, Asia, and So. A. Also on calls eminating through their int gateway in San Jose.
Later deployment, with revenue base from service connectivity. Through Lee's and Liang's assustance, and other strategic alliances, 3G will open up to broadband and internet communication, both fixed and mobile, bringing appliances for connectivity. Through AccessTel China/Haplink, develpment, commericalize, and manufacture at lower prices in China for first stge deployment in China and further export.
AccessTel China has special rights to return revenue and profit on a strong percentage basis back to the parent company, Accesstel US-- breakdown of the profits will be released in an upcoming PR.
....
Q: How big do you think AccessTel will grow in 6 months to a year, two years out, employees, revenue, etc...?
Boeckler: AccessTel will grow very quickly over the next few quarters and years, we are interested in increasing shareholder value. It will be a company that we can all be proud of. Over the next few weeks and months, I think you'll get a more and more clear picture of how quickly we can grow.
AccessTel looks to grow quite quickly. We are targeting growth and deplyment. Our focus is to grow our employee base rapidly to execute this deployment. We are negotiating certain strategic alliances which will train our Chinese counterparts in China. In China, the cost of high level technicians is approx. 1/4th to 1/3rd of US standards. On the technology development side, and on the broadband deploment side, we will concedntrate on adding employees very rapidly. Domestically, we are looking at a number of proposed acquisitions that will add not only infrastructure and assetts to AccessTel, but also employees and staff directly related to our business development and deployment.
By the first quarter of 2001, we expect to be operational on testing our Broadband technology in Shanghai. We will then add subscribers to the wireless service, via the developmental park, and Haplink Information Corp., throughout Shanghai. Besides the wireless service, we will also be deploying internet international telephony, which is domestically is an electronic outlay of equipment, not so much employee and staffing, instead joining larger POTS. In our IP telephony, AccessTel will not be looking to start a new infrastructure globally througout the world. We will JV and strategically align with world class telephone carriers, to avail them termination points in China, for compensated termination points worldwide. AccessTel is looking to build up revenues quickly, revenues targeted toward creating profit, and build through strategic alliance and the commercialization of the new technology, 3G CDMA will not be available for the next 12 months. As it comes online, through our strategic relationships, AccessTel has direct technology availability to utilyze that cutting edge technology to create different appliances to create services. AccessTel will concentrate on service fees. For the deployment in China, the Haplink agreement will take most of the legwork and installation, and we will provide the equipment, the training, the tech, and the backbone service to connect internationally.
The company will grow significantly, it is hard to put a target. The basis of what AccessTel is looking to do in China will command hundreds of millions of dollars over the next couple of years, and AccessTel's management is determined to grow the company on a predictable basis, not spending tens of millions on unproven products, instead spending a few million on commercializing existing techology to seamlessly connect between MNDS, between CDMA, between HDR, to provide voice, data, fax, video, and internet connectivity services. Each subscriber that we add on, each new city deployment, will be a mirror of the growth that we are starting in the Shanghai Business Development Park.
Q: OK, because I noticed on the website, that their was an investment by Qualcommtel, going through that...
Markow: AccessTel was a private company when that was posted. There are new rules to follow as a public company, and I believe tonight we should make some changes there.
...............................................................
The main issue is deciding whether ATEL is delivering upon their business plan, and seeing their progress in Shanghai, I think the answer is yes, and in a timely manner too. If they do create a showcase with their MMDS deployment that creates an opportunity for dozens of likewise business park deployments in China, we will all be happy shareholders:)
imo
Yesterdays closing log showed ~50k on the ask and ~20k on the bid and the MM's open it today lower, with NITE boxing it in and making for lower.
I wasn't around for the shake last week, so I didn't get to see how it traded going down, but this looks suspiciously shortplay by the MM's, like they are trying to shake those who bought it on the way down by taking it lower.
If it doesn't work, they are in a real bind. I look at the larger picture and see that ATEL is moving niclly forward in China, and therefore have no qualms about my purchasing more at this price, .50, but think they may try and shake lower, things are in a storm right now because of Boeckler.
imo
I see more bashers on ATEL now over at RB than ever before, interesting drama, but not worth engaging, hopefully some longs will join me here in a more fruitful dialogue, without the juvie's.
.11/.15, .15 cents earnings for the last year, P/E of 1! Anyway, just have to sit it thru, hopefully they do something with their $1M in cash that makes their revenues increase, not just pay salaries.
imo
Hey all, any recent news?
With some volume, this will pop to above .10 pretty quick:
Inside: 0.03 / 0.055 (5000 x 5000)
NITE 0.03 / 0.08 5000x5000 02/26 HRZG 0.025 / 0.055 5000x5000 02/12
HRZG 0.025 / 0.055 5000x5000 02/12 NITE 0.03 / 0.08 5000x5000 02/26
TRWN 0.022 / 0.16 5000x5000 02/12 PGON 0.01 / 0.10 5000x5000 02/08
FRAN 0.02 / 0.15 5000x5000 02/12 HILL 0.015 / 0.12 5000x5000 02/08
HILL 0.015 / 0.12 5000x5000 02/08 FLTT 0.015 / 0.12 5000x5000 02/13
FLTT 0.015 / 0.12 5000x5000 02/13 FRAN 0.02 / 0.15 5000x5000 02/12
PILL 0.01 / 0.30 5000x5000 05/25 TRWN 0.022 / 0.16 5000x5000 02/12
GBIC 0.01 / 0.35 5000x5000 08/14 WIEN 0.01 / 0.21 5000x5000 02/08
NAIB 0.01 / 1.125 5000x500 11/30 PILL 0.01 / 0.30 5000x5000 05/25
WIEN 0.01 / 0.21 5000x5000 02/08 GBIC 0.01 / 0.35 5000x5000 08/14
PGON 0.01 / 0.10 5000x5000 02/08 NAIB 0.01 / 1.125 5000x500 11/30
Remarks:
Market Makers
MM ID
Trader Market Maker Phone
FLTT
FLTTDP Fleet Trading
Jersey City, NJ 800 526 3041
212 209 5270
FRAN
0007 William V. Frankel & Co.
OTC Trading - Jersey City, NJ 800 631 3091
212 943 6633
GBIC
GBICF1 GBI Capital Partners Inc
FT. Lauderdale, FL 800 929 2111
954 491 4545
HILL
HT002 Hill Thompson Magid & Co.
OTC Trading - Jersey City, NJ 800 631 3083
201 434 8100
HRZG
ALFONSEL Herzog, Heine, Geduld, Inc
OTC Trading - Jersey City, NJ 800 221 3600
212 962 0300
NAIB
DG3509 North American Institutio
Ft. Lauderdale - FL 800 952 6559
954 938 8500
NITE
1135A Knight Secs LP
Jersey City, NJ 800 232 3684
212 336 8703
PGON
TRADERM Paragon Capital Corp.
OTC Trading - Boca Raton, FL 800 521 8877
561 750 3777
PILL
OAKS Phillip Louis Trading Inc
Red Bank, NJ 732 936 0130
TRWN
MITCH T.R. Winston & Company, I
Bedminster NJ 908 234 9600
WIEN
2009 Wien Securities Corp.
OTC Trading - Boca Raton, FL 800 898 2777
Yea, you are right, just a coincidence... good to see that they are addressing the issue, nice to see the price right back where I got PP shares last summer, not. I agree with you on the logo, they need to do more than find some cartoon-like figuring off the net, but the rest of it is pretty good info, just needs better presentation, especially if they want to portray a world-class company.
Let's see what the BOD says, I doubt he will be axed:
AccessTel, Inc. Addresses Shareholder Issue
LOS ANGELES--(BUSINESS WIRE)--March 6, 2001--AccessTel, Inc.
(OTCBB:ATEL), has been advised that Stuart Bockler, Chief Financial Officer, Secretary and a Director of the Company has executed a consent decree with the Securities and Exchange Commission.
Mr. Bockler has indicated that the violations at issue in the
consent decree were inadvertent on his part and of minor consequence.
Mr. Bockler has further indicated to the Company that he entered into the consent decree for the purpose of avoiding further litigation with the Securities and Exchange Commission in this matter.
At this juncture, the Company has taken the position that the violations set forth in the consent decree do not directly effect Mr. Bockler's duties as Chief Financial Officer, Secretary and a Director of AccessTel, Inc. Further evaluation of this matter will be undertaken by the Company's Board of Directors on an expedited basis.
--30--sdf/sf*
CONTACT: AccessTel Inc.
Lawrence Liang, 408/216-4754
http://www.accesstelinc.net
imo
ha, at least this got coals under Boecklers feet to work on the weekend on the website, dirty deeds always catch up.
Errorl on BLPT and SHPS says that he was contacted by the SEC in regards to Boeckler and Markow, but I wonder who initiated the contact? Would it be illegal for an MM like FRAN to be using the SEC by in essence doing their research job and providing the SEC with such information as to damage a company they held a position in? i.e., WAMX et al., the collusion, probably not.
Interesting that Errorl claims he's working with the SEC, and that he posts and works for FRAN, but who's to slap that wrist!
I haven't read through the whole thing to figure it out, but at first look, sure seems like errol/FRAN initiated their insider contacts with the SEC to find some dirt on Boeckler just as they were changing to ATEL, kinda scary the power the MM's have with the SEC. This touting that gets a minor slap on the wrist of "cease-and-desist from committing or causing any violation and any future violation of Section 17(b) of the Securities Act is over a year and a half old, why the strange coincidence with SHPS becoming ATEL? Is the SEC merely the dog that errol the MM's tail wags? The SEC has like 12 guys working on the whole tout machine, and they take time for this slap on the wrist now, a year and a half later, the day ATEL becomes? Just seems fishy in my book.
There's no denying that Boeckler did his covering of the stocks he touted for shares, and it's old news, but the timing of the SEC making it public of their slap on the wrist is suspicious indeed!
By: errol832000
Reply To: None Thursday, 1 Mar 2001 at 6:31 PM EST
Post # of 1646
so you thought that i was joking when i saidthatthe sec had contacted me regarding stuart bockler and michael marcow?...i guesstoday's headlines from the sec bears me out...and i getthe feeling that it ain't over yet...
CMIX is gonna pop, we just know it, the MMs will go away from the volume once they lack sellers, and that is about to occur. I like the comparison with RMOO, since that is the latest to occur. Buyers are waiting for the first dip, and for the MM's to shake out loose shares, then seeing the rise.
imo
I've placed VanIsland on the Director board, without pay, Rodney moves up to be Chairman and gets my pay, nothing too, and I am going on vacation for a while:)
imo
China World Trade Corporation Signs Letter of Intent to Acquire 50% Interest
in United Information Network Holdings Limited; CHWT Plans Growth Through
Acquisition
LOS ANGELES, Feb 5, 2001 (BUSINESS WIRE) -- China World Trade Corporation
(OTCBB:CHWT) today proudly announced that it has executed a Letter of Intent
with United Information Network Holdings Limited ("UINH") to acquire a
fifty-percent (50%) interest in UINH.
The business of UINH is uniquely focused on introducing Chinese suppliers to
overseas buyers on its Internet portal with an aim toward building a trade
bridge between domestic and international businesses by, amongst other things,
operating the Web sites www.uinchina.com and www.uinworld.com as its main
business platform.
UINH reports that it currently has approximately 200 agents facilitating trade
between domestic and international businesses and is currently averaging
approximately US$50,000 in monthly revenue.
John H.W. Hui, chairman and chief executive officer of China World Trade
Corporation stated, "Our anticipated acquisition of UINH represents another
major move toward fulfilling our goal of being the actual nexus of world trade
with China."
Hui added, "We look forward to experiencing a successful and prosperous
relationship with UINH as we become a conglomerate in the China trade agency
business."
China World Trade Corporation is structured to be a dominant player in the trade
agency business linking companies in China with the rest of the world.
Statements made in this news release concerning predictions of performance and
the company's plans and objectives are not historic facts and constitute
forward-looking statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such statements involve
important risks and uncertainties that may cause results to differ materially
from those set forth in this news release. All forward-looking statements are
subject to the successful completion of actions described in the news release.
Readers should carefully review the company and publicly available filings
thoroughly with their registered investment advisor or registered broker.
CONTACT: Pace Communications Network
Sy Mitzner, 800/791-5777
www.china-wtc.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2001 Business Wire. All rights reserved.
-0-
KEYWORD: CALIFORNIA CHINA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: INTERNET
E-COMMERCE
MERGERS/ACQ
*** end of story ***
imo
=== OTC-BB: SCRO INFORMATION ===
OS: 19.9M (Source: Market Guide)
Float: 3.4M (Source: Market Guide)
RECENT SCRO PROFILES:
Small Cap Review News
http://www.SmallCapReview.com
profile: http://www.investorshub.com/beta/read_msg.asp?message_id=44478
Alert Investor
http://www.alertinvestor.com
profile: http://www.investorshub.com/beta/read_msg.asp?message_id=42082
===============================================
SCORE ONE INC.
Blk. 2, Flat 6, 3rd Floor
Tak Fung Industrial Centre
Tsuen Wan, Hong Kong
Telephone: (818) 783-0054
Fax: (818) 783-1120
Advanced Technology International Holdings Ltd
Unit 2, 34/F, Cable TV Tower
9 Hoi Shing Road,
Tsuen Wan, Hong Kong
Telephone: (852) 24068978
Fax: (852) 24069252
E-mail: athld@aol.com
E-mail: fortpcb@netvigator.com
Website: http://www.globalsources.com/athl.co
Website: http://www.athl.com.cn
INVESTOR RELATIONS
Bernard Chan
Advanced Technology Holdings, Limited
Telephone: (011) 852-2521-5210
E-mail: bkchan@ctimail.com
OR
Sy Mitzner
Pace Communications Network Inc.
Telephone: (800) 791-5777
TRANSFER AGENT
Signature Stock Transfer Inc.
14675 Midway Road, Suite 221
Dallas TX 75244
Telephone: (972) 788-4193
Fax: (972) 788-4194
===============================================
SUMMARY
Score One, Inc. is the holding company of Advanced Technology International Holdings Limited (ATHI), which the Company acquired in March 2000. ATHI, through its wholly owned subsidiary, Fortune BVI, is engaged in the manufacturing and sale of printed circuit boards (PCB) for telecommunication systems, scientific calculators and audiovisual equipment. ATHI's primary customers are original equipment manufacturers. PCB's are the basic platforms used to interconnect electronic components and can be found in virtually all electronic products, including consumer electronics, computers and automotive, telecommunications, industrial, medical, military and aerospace equipment.
The company is certified at IS0 9002 level and manufactures specific application printed circuit boards (PCBs) including flexible double-sided conductive carbon and polyester-based PCBs, principally for OEM manufacturers of brand-named consumer electronics companies such as Polaroid, Sharp, Canon, Citizen, Sony and Hitachi. The consumer electronics and telecommunication products include hand-held organizers, scientific calculators, cameras and mobile phones. The majority of the company's customers are Hong Kong and Taiwan OEM manufacturers based in the People Republic of China (PRC).
The company continues to expand and improve its production facilities, including the installation of a new fully automatic production line for flexible PCBs. Management anticipates a significant increase in new orders for PCBs, as the new equipment has the ability to boost productivity by at least 10%, while improving product quality and reducing delivery time proportionally. The company significantly increased Shareholders' Equity by investing approximately $600,000 in income-producing assets during the last reporting quarter, $400,000 of which was applied to the purchase of the Hot-air leveling machine.
Roy Ho, president and CEO of Score One, commented: "Quality and service are the essence of our success in this competitive market. Increased production capability and reduced delivery time afford Score One that essential edge over the competition, while maximizing investment returns and shareholders' value."
It is also developing a Multiple Polyamide Inter Connection Board (MPIC) product that is expected to add an estimated $16.5 million in revenue and $5.9 million in earnings for fiscal year 2001.
The company has recently announced two LOI's for acquisition:
1)Copper Clad Laminated Sheet Co. is a wholly foreign owned enterprise established in the People's Republic of China, and is principally engaged in the manufacture of board materials for printed circuit board manufacturers. The business assets of Copper Clad Laminated Sheet Co. that are to be acquired by Score One have an anticipated value of at least US$10 million.
Roy Ho, president and chief executive officer of Score One, stated, "We anticipate the acquisition of Copper Clad Laminated Sheet Co. to translate into an increase of US$2 million in our net profit for fiscal year 2001. Our anticipated acquisition of Copper Clad Laminated Sheet Co. symbolizes our commitment to maintaining our edge over the competition by, amongst other things, expanding and diversifying our revenue base."
2) Blue-Tech Industrial Co. Ltd. ("Blue-Tech"), a joint venture with the Pao Li Group of Jiangsu Province in the People's Republic of China (PRC). Blue-Tech plans to manufacture multimedia home personal computers, and expects to generate approximately $20 million in revenues and $2.65 million in net income for the first year of operation, approximately $1.2 million of which would accrue to Score One.
===============================================
SEC FILINGS
EDGAR: Score One Inc.
http://www.sec.gov/cgi-bin/srch-edgar?0001090062
FreeEdgar: Score One Inc.
http://www.freeedgar.com/Search/FilingsResults.asp?CIK=0001090062
===============================================
GENERAL INFO
MarketGuide Snapshot: SCRO
http://www.marketguide.com/mgi/SNAP.asp?nss=www&rt=snap&rn=A24A9
MarketGuide Business Description: SCRO
http://www.marketguide.com/mgi/busidesc.asp?nss=www&rt=busidesc&rn=A24A9
Yahoo Profile: SCRO
http://biz.yahoo.com/p/s/scro.ob.html
Bloomberg: SCRO
http://quote.bloomberg.com/analytics/bquote.cgi?ticker=SCRO_US_2
DimGroup: SCRO
http://www.dimgroup.com/cgi-bin/simple2.cgi?symbol=SCRO
WallStreetCorner.com: SCRO
http://www.wallstreetcorner.com/ss2.html?Symbol=SCRO
The Stock Advocate: SCRO
http://www.thestockadvocate.com/score/scoreinf.htm
Stockcom International: SCRO
http://money.vmc3.com/
Chinese Investment Club: SCRO
http://www.chineseinvestmentclub.com/Listed_Co/English/aith_e.htm
===============================================
QUOTES, CHARTS & PRESS RELEASES
Yahoo Quote: SCRO
http://quote.yahoo.com/q?s=scro.ob&d=t
BigCharts: SCRO (1-Year Chart)
http://www.bigcharts.com/quickchart/quickchart.asp?symb=SCRO&freq=1&time=8
ClearStation Historical Data: SCRO
http://www.clearstation.com/cgi-bin/stock_price_enum?Symbol=SCRO
Sector of competitors charts:
http://finance.yahoo.com/q?s=slr+sci+cls+flex+jbl+arxx+scro.ob&d=1y
===============================================
MOST RECENT PR's:
LOS ANGELES, Jan 16, 2001 (BUSINESS WIRE) -- Score One (OTCBB:SCRO) announced
the filing of its Form 10-QSB with the Securities and Exchange Commission on
January 12, 2000, for the three-month period ended November 30, 2000. .09 mrq earnings,
.15 ytd earnings(2 Q's), .20 previous year earnings.
For the three-month period ended November 30, 2000, net income increased 75% to
$1.7 million as compared to the same period ended November 1999, while gross
profit margin also increased to 39.2% from 22.8% in 1999. Roy Ho, president and
CEO of Score One, stated, "We attribute the Company's increase in net income and
gross profit margin to our successful entrance into higher profit margin PCB
markets, our providing of additional value-added services to our clients during
the last two quarters and lower production costs as a result of bulk purchases
of raw materials at comparatively lower prices." Mr. Ho added, "With the highly
anticipated entry of China into the World Trade Organization, we expect numerous
doors to open, which will enable us to capture an abundance of new and lucrative
business for many years to come."
The total earning per share of $.09 for the three-month period ended November
30, 2000, constitutes an extremely significant increase of 50% over the
previously reported $.06 for the same period ended November 30, 1999. During the
previous six-month reporting period ended November 30, 2000, shareholder equity
appreciated by 64% from $4.84 million to $7.95 million, corresponding to a $.156
appreciation in Book Value to $.40 in total.
Roy Ho added, "We continue to demonstrate our ability to report consecutive
periods of increasing profitability and our dedication to maximizing investment
returns and shareholders' value."
About Score One (SCRO): The company manufactures specific application printed
circuit boards (PCBs) including flexible double sided conductive carbon and
polyester based PCBs principally to OEM manufacturers of brand named consumer
electronics companies such as Sharp, Canon, Citizen, Sony and Hitachi, and are
certified at IS0 9002 level. The consumer electronics and telecommunication
products include, and are not limited to, hand-held organizers, scientific
calculators and mobile phones.
This press release should be read in conjunction with the 10-Q filed on Jan. 12,
on Freeedgar.
LOS ANGELES--(BUSINESS WIRE)--Jan. 30, 2001--
Additional US$2 Million in Net Profit for Fiscal Year 2001 Anticipated
Score One Inc. (OTCBB:SCRO) announced that it has entered into a
Letter of Intent with Jiang Yin Kai Sheng Copper Clad Laminated Sheet
Co. Ltd. ("Copper Clad Laminated Sheet Co.") to acquire all of the
common stock and business assets of Copper Clad Laminated Sheet Co.,
based on a 5-times price-earning multiple on the projected net profit
of fiscal year 2001, which is expected to be not less than US$2
million.
The specific terms of the transaction are confidential at this
time.
Copper Clad Laminated Sheet Co. is a wholly foreign owned
enterprise established in the People's Republic of China, and is
principally engaged in the manufacture of board materials for printed
circuit board manufacturers. The business assets of Copper Clad
Laminated Sheet Co. that are to be acquired by Score One have an
anticipated value of at least US$10 million.
Commenting on the proposed acquisition of Copper Clad Laminated
Sheet Co., Roy Ho, president and chief executive officer of Score One,
stated, "We anticipate the acquisition of Copper Clad Laminated Sheet
Co. to translate into an increase of US$2 million in our net profit
for fiscal year 2001."
Ho added, "Our anticipated acquisition of Copper Clad Laminated
Sheet Co. symbolizes our commitment to maintaining our edge over the
competition by, amongst other things, expanding and diversifying our
revenue base."
Financials at www.sec.gov.
CONTACT: Bordwell Financial Group
Angela Bordwell, 805/579-1712
abordy01@yahoo.com
imo
Small Cap Review News -(SCRO) http://www.SmallCapReview.com
********************************************
SMALL CAP REVIEW NEWS
February 2, 2001
********************************************
Dear Investors,
Our Next Feature Stock for Friday February 2, 2001 is ranked in the top 2%
of all OTC-BB stocks in net income. Even better news is that this company
recently made an acquisition that could very well propel it into the top
1%. We are proud to Feature Score One Inc. (SCRO) Read on to discover more
information on SCRO. For the in-depth profile that is customary please
visit our site http://www.smallcapreview.com Friday after market close.
********************************************
Since Our Last Newsletter
*********************************************
Our Last Feature Stock BWSI has gained steadily over the past two weeks
climbing from $6.75 before the open on 1/18/01 to close at $9.00 on
1/30/01.
Past profiled stocks that have hit New Performance Highs since our last
newsletter: BWSI 4 times, MERCS 2 times, MTON 3 times, LTBG 3 Times, ASHW
1 time, BEII tied its past Performance High, RE + 3 1/4 Tech Chart for the
week of 1/22. TNL + 8 11/16 and AMGN + 7 5/8 Large Cap Plays of the Day.
*********************************************
Summary of SCRO
*********************************************
Score One Incorporated (SCOR) manufactures Printed Circuit Boards (PCB)
primarily to Original Equipment Manufacturers (OEM). Their list of clients
include Sharp, Canon, Citizen, Sony and Hitachi among others.
Score One Inc., is currently ranked third on the otc-bb in net income
within the Electronic Instruments and Controls Category. They are ranked
in the top 2% of all the listed stocks on the otc-bb in net income.
Results for the last quarter ending November 30, 2000 were impressive, an
increase in net income of 75% to $1.7 million vs. the comparable quarter
last year. Profit margins increased 39.2%. Revenue for the quarter was
$5.3 million. The total earning per share of $.09 for the three-month
period ended Nov. 30, 2000, constitutes a significant increase of 50
percent over the previously reported $.06 for the same period ended Nov.
30, 1999. During the previous six-month reporting period ended Nov. 30,
2000, shareholder equity appreciated by 64 percent from $4.84 million to
$7.95 million.
Net income and shareholder equity are up significantly, in large part
because of more efficient operations and increased profit margins.
Hopefully the market as a whole learned something in the dot com bust by
valuing companies on revenue alone. In the end, the going concern is net
income and this is where we feel that SCRO becomes very appealing and
presents itself as a buying opportunity. We see no reason why SCRO cannot
maintain their very healthy profit margins and indeed expand on it with
their recent acquisition.
President Roy Ho recently commented "We attribute the Company's increase
in net income and gross profit margin to our successful entrance into
higher profit margin PCB markets, our providing of additional value-added
services to our clients during the last two quarters and lower production
costs as a result of bulk purchases of raw materials at comparatively
lower prices. We continue to demonstrate our ability to report consecutive
periods of increasing profitability and our dedication to maximizing
investment returns and shareholders' value. With the highly anticipated
entry of China into the World Trade Organization, we expect numerous doors
to open, which will enable us to capture an abundance of new and lucrative
business for many years to come".
Score One Inc., recently announced the acquisition of Copper Clad
Laminated Sheet Co which should fit seamlessly into their operations.
Copper Clad is principally engaged in the manufacture of board materials
for printed circuit board manufacturers. The business assets of Copper
Clad Laminated Sheet Co. that are to be acquired by Score One have an
anticipated value of at least US$10 million.
Commenting on the proposed acquisition of Copper Clad Laminated Sheet Co.,
Roy Ho, president and chief executive officer of Score One, stated, ``We
anticipate the acquisition of Copper Clad Laminated Sheet Co. to translate
into an increase of US$2 million in our net profit for fiscal year 2001.''
Score One has a very impressive manufacturing process in both time to
market and established quality control checks. This enables SCRO to
maintain long-term relationships within a fast changing industry. SCRO was
the first to introduce conductive carbon technology which eliminates the
welds in the circuitry and uses carbon as a conductive element, which is a
much more efficient method to produce the electrical circuits. This
technology enables them to produce very small PCB´s that can be used in
the new generation of communications equipment, palm top computers etc.
To summarize: We feel SCRO is extremely well positioned to continue
dominating their field in the South China market and make inroads through
their existing channels abroad. Acquiring suppliers will not only serve to
diversify their revenue but increase what is already a very attractive
profit margin. The inclusion of China in the World Trade Organization
should further propel SCRO into new markets. We look for higher profit
margins and growing earnings per share from SCRO looking forward. SCRO
compliments anyone's portfolio that is looking for aggressive growth in
the microcap sector.
*********************************************
Profile
*********************************************
SCORE ONE INC (SCRO): manufactures specific application printed circuit
boards (PCBs) including flexible double sided conductive carbon and
polyester based PCBs principally to OEM manufacturers of brand named
consumer electronics companies such as Sharp, Canon, Citizen, Sony and
Hitachi, and are certified at IS0 9002 level.
The consumer electronics and telecommunication products include but are
not limited to, hand-held organizers, scientific calculators and mobile
phones. On March 10, 2000, the Company executed a Share Exchange Agreement
with Advanced Technology International Holdings Limited ("ATIH") and
consequently is the sole stockholder of ATIH.
*********************************************
Recent News and Press Releases
*********************************************
Score One Inc. Enters Into Letter of Intent to Acquire Jiang Yin Kai Sheng
Copper Clad Laminated Sheet Co. Ltd.
Score One Reports Per Share Earnings Increase of 50% to $.09 for the
Quarter Ended November 30, 2000
Score One Announces Second Quarter Earning and Revenue On Target
Score One Announces Increase in Production Capability
Score One Inc. Expands Revenue Base by Opening New Marketplace Offering
Circuit on Board ``COB'' Product
Score One Reports $.07 Per Share Earnings for the Quarter Ended Aug. 31,
2000; Gross Profit Margin Increases to 32.4% from 26.5%; Shareholder
Equity Increases 33% to $6.2 Million
China-based Score One Inc. to Enter Multi-media Home Personal Computer
Market
Score One Enters $10 Billion Domestic PCB Market Because of Normalized
American
********************************************
Corporate Financial Snapshot
Approximate as of 2/1/01
*********************************************
Shares Outstanding:19.9M
Shares in the Float: 3.6M
Market Cap: $ 14.3M
Quarterly Income: $1.73M
Price/Book: 1.78
Sales per Share: $1.06
Price to Sales: .83
Price to Earnings: 2
52 Wk Hi/Lo: 5.38/.47
Quarterly Revenue: $5.29M
************************************************
Business
************************************************
Score One Inc., is engaged in the manufacturing and sale of printed
circuit boards ("PCB") for telecommunication systems, scientific
calculators and audiovisual equipment. ATHI's primary customers are
original equipment manufacturers ("OEMs"). PCB's are the basic platforms
used to interconnect electronic components and can be found in virtually
all electronic products, including consumer electronics, computers and
automotive, telecommunications, industrial, medical, military and
aerospace equipment.
Overview
With electronics products growing in technical complexity and experiencing
shorter product life cycles in response to customer requirements, the
demand for advanced manufacturing capabilities and related services has
grown rapidly. Many OEMs in the electronics industry are increasingly
utilizing electronics manufacturing service providers, such as ATHI in
their business and manufacturing strategies. Outsourcing allows OEMs to
take advantage of the manufacturing expertise and capital investments of
electronics manufacturing service providers, thereby enabling OEMs to
concentrate on their core competencies, such as product development,
marketing and sales.
ATHI believes that by developing strategic relationships with electronics
manufacturing service providers, OEMs can enhance their competitive
position by: reducing production costs; accelerating time-to-market and
time-to-volume production; accessing advanced manufacturing, design and
engineering capabilities; reducing capital investment requirements and
fixed overhead costs; improving inventory management and purchasing power;
and accessing worldwide manufacturing capabilities.
Management believes that the market for electronic manufacturing services
will continue to grow, driven largely by OEMs' need for increasing
flexibility to respond to rapidly changing markets and technologies and
accelerating product life cycles, and their need for advanced
manufacturing and engineering capabilities as a result of increased
complexity and reduced size of electronics products.
ATHI currently offers ten major types of PCB's in three categories to suit
various specifications of the finished products. The categories are the
single-sided PCB's, the double-sided PCB and the flexible PCB's. The
single-sided PCB's are designed for more generic electronic products, such
as clocks, remote controls, calculators, radio, and watches.
The double-sided PCB's are made for a wide variety of sophisticated
mass-produced consumer electronics, such as personal organizers and data
bank's multifunctional telephone systems, telecommunication systems,
scientific calculators and audiovisual equipment. The flexible PCB's are
made out of film materials and conductive carbon (graphite) that offer
more flexibility in circuit design and reduced costs. Flexible PCB's are
primarily used in telecommunication devices and computer equipment.
Product Development
The development of ATHI products began in 1991 when ATHI entered into a
processing agreement with a Chinese electronics component manufacturer to
produce printed circuit boards for Hong Kong, Taiwan and foreign
electronics manufacturers based in southern China. At the time, the size
of the subcontractors factory utilized by ATHI was approximately 12,500
square feet with 40 workers. Given extremely high levels of demand, the
factory reached full capacity within six months of commencement. In mid
1995, the factory expanded its capacity and relocated to Dongguan by
signing a second processing agreement. The area of the new factory was
approximately 45,000 square feet and the number of workers increased to
350.
A major break through for the business came in 1996 regarding the
launching of the double-sided conductive carbon PCB. ATHI was one of a
small number of manufacturers in China to use conductive carbon as
material in the manufacturing process. As a result of this new technology,
cost of sales for double sided PCB's decreased by 40% on average,
significantly increased its operating profit margins.
In early 2000 ATHI introduced a more advanced technology in PCB
manufacturing utilizing film materials as the base for PCB's in place of
paper phenolic, fabric or glass epoxy. As film offered more flexibility in
circuit design and was cheaper in cost as compared to other materials,
ATHI's sales and customer base increased significantly. As part of
continuing efforts to upgrade its technical expertise and base, ATHI
installed state of the art automated production machinery purchased from
Taiwan and Japan.
Manufacturing
To achieve excellence in manufacturing, ATHI combines advanced
manufacturing technology with manufacturing techniques including
just-in-time manufacturing, total quality management, statistical process
control and continuous flow manufacturing. Just-in-time manufacturing is a
production technique which minimizes work-in-process inventory and
manufacturing cycle time while enabling ATHI to deliver products to
customers in the quantities and time frame required.
Total quality management is a management philosophy which seeks to impart
high levels of quality in every operation of ATHI and is accomplished by
the setting of quality objectives for every operation, tracking
performance against those objectives, identifying work flow and policy
changes required to achieve higher quality levels and a commitment by
executive management to support changes required to deliver higher quality.
Statistical process control is a set of analytical and problem-solving
techniques based on statistics and process capability measurements through
which processes can be tracked, inputs and resulting quality and determine
whether a process is operating within specified limits. The goal is to
reduce variability in the process, as well as eliminate deviations that
contribute to quality below the acceptable range of each process
performance standard.
Quality Control
ATHI is committed to manufacturing high quality products and to providing
a high level of after sales service to its customers. Management believes
that product quality is vital to enhancing the Company's competitiveness,
market position and reputation. In order to maintain and improve the
quality of its products and production standards, to this end ATHI is in
the process of implementing a comprehensive quality control system that
conforms with the internationally recognized ISO 9002 standards.
ATHI's after sale services form an integral part of its operation. ATHI
offers a wide range of after sales services to its customers. These
services include: technical support; processing of inquires and feedback
from customers and visits to customers in order to identify customer'
specific needs and level of satisfaction with its products.
SEC
Score One Inc, filings with the SEC can be found at the Securities
Exchange Commissions website. The latest company filing with the SEC was
form 10QSB on 1-12-01.
Corporate Contacts
For More Information Contact:
Bordwell Financial Group
Angela Bordwell
(805) 579-1712
Email: abordy01@yahoo.com
Score One Headquarters
Blk.2, Flat 6, 3rd Floor
Tak Fung Industrial Centre
166-176 Texaco Road
Tsuen Wan, Hong Kong
Forward-looking statements are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, continued acceptance of the
company's products and technological changes, the company's dependence
upon third-party suppliers, intellectual property rights and other risks
detailed from time to time in the company's periodic reports filed with
the Securities and Exchange Commission.
*************************************
Disclaimer
*************************************
SmallCapReview.com feature stock reports are intended to be stock ideas,
NOT recommendations. Please do your own research before investing. It is
crucial that you at least look at current SEC filings and read the latest
press releases. More information can be found by reading our disclaimer
page. For continuing coverage of SCRO, please sign up for our free
newsletter, SmallCapReview.com News. Information contained in this report
was extracted from current SEC documents, from the company website and
from other publicly available sources deemed reliable. For more
information see our disclaimer section, a link of which can be found on
the home page of our site. This document contains forward-looking
statements, particularly as related to the business plans of the Company,
within the meaning of Section 27A of the Securities Act of 1933 and
Sections 21E of the Securities Exchange Act of 1934, and are subject to
the safe harbor created by these sections. Actual results may differ
materially from the Company's expectations and estimates.
© 1999-2000 SmallCapReview.com. All rights reserved. SmallCapReview.com is
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ourselves out to be. All materials presented on our web site and
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any other means of transmission are not to be regarded as investment
advice and are only for informative purposes. Before making a purchase or
sale of any securities featured on our web site or mentioned in our
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registered securities representative. This is not to be construed as a
solicitation or recommendation to buy or sell securities. As with any
stock, companies we select to profile involve a high degree of investment
risk and volatility. Particularly Small-Caps and OTC-BB stocks. All
investors are cautioned that they may lose all or a portion of their
investment if they decide to make a purchase in any of our profiled
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SmallCapReview.com may decide to purchase or sell shares on a voluntary
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this report. SmallCapReview.com expects to receive five thousand seven
hundred fifty free trading shares of SCRO and may receive additional free
trading shares worth up to seven thousand dollars for continuing coverage
of SCRO from a third party (Bordwell Financial), for its efforts in
researching, presenting and disseminating the profile on Score One
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published information on how to invest carefully at its website.
imo
FEATURED STOCK
It has been a long microcap drought for this newsletter. The reasons are two-fold: the micros haven't been working, until these past couple of weeks, and we decided to be very choosy when it came to financial ratios such as PE, book value and growth rates, in keeping with the more selective nature of the market as a whole. What we have this week for you has all the hallmarks of a big-payoff micro - a tech stock with a growth rate of 50%, a trailing PE of 7, selling at twice book, with Return on Equity of 78%, looking at explosive demand for their products and a series of lucrative JV's - plus it's completely unknown. We are sure you will like this stock a lot. If you're a new reader, I suggest you look at some of our "undiscovered" micro picks form 6-9 months ago and see how well they've done, and how quickly. Happy days are here again...
Score One (SCRO, 78c, BB) manufactures specific application printed circuit boards (PCBs) including flexible double-sided conductive carbon and polyester based PCBs, principally to OEM manufacturers of brand named consumer electronics companies such as Sharp, Canon, Polaroid, Citizen, Sony and Hitachi. The consumer electronics and telecommunication products they supply include hand-held organizers, scientific calculators and mobile phones. According to a recent study "Multilayer PCBs are considered a key growing segment, and output is expected to have an annual 30% increase while revenue is estimated to increase by 25% annually." SCRO is a major player in this field, and the biggest in China.
Score One's wholly owned operating subsidiary, Advanced Technology Holdings International, Ltd. (ATHI), is one of the largest manufacturers of printed circuit boards in China, based in Hong Kong with two manufacturing facilities in Southern China Welcome to fuchang. These production facilities employ approximately 600 people, and they produce three major product lines: flexible circuit boards, conductive carbon circuit boards and standard fixed circuit boards. Advanced Technology has a market-leading 60% share of the flexible circuit board market, i.e. very small PCBs used in the new generation of communications equipment - palm computers, smart cell phones and such - sold to leading brand-name companies, many of which manufacture in China for export. ISO 9002 qualification, which was granted in 1999, also sets the company apart from most of the other manufacturers of PCBs in China.
ATHI, formerly Modern Frame Int'l Ltd., began to expand its productivity in mid-1995 with the increased capacity and relocation to Dong Guan. The R&D Department was established in the same year. In 1996 the company reduced its cost of sales by 40% by launching the double-sided conductive carbon PCB, which now represents 66% of their production vs. the single sided PCB. ATHI further advanced its technology and pared its costs in 1998, with the introduction of Polyester & Polyamine PCB production. They have very few competitors in the double-sided PCB market, and they have no competitors that they are aware of in the conductive carbon PCB market in China. Advanced Technology is the first company to China to bring in conductive carbon technology, which eliminates the welds in the circuitry and uses carbon as a conductive element, which is a much more efficient method to produce the electrical circuit. ATHI is now developing a Multiple Polyamide Inter Connection Board (MPIC) product that is "expected to add $16.5M in revenue and $5.9M in earnings for fiscal year 2001" (if true, that's 30c a share, this year!). Our estimates below only use that forecast for next fiscal year, not this one.
In addition, in October 2000 SCRO began to provide the installation of electronic components on its PCBs as a value added service to its existing customers. This new Circuit-On-Board (COB) product line is expected to retain and attract new customers for its existing PCBs and open a new marketplace for the COB product, which CEO Roy Ho predicted would deliver approximately 20% more business to the company and a substantial increase to net income. We saw the first fruits of this effort with their latest earnings report, showing a 75% increase in net income.
SCRO recently signed the Blue-Tech joint-venture agreement, which is expected to generate around $20M in revenues and $2.65M in net income for the first year of operation, approximately $1.2M of which would accrue to SCRO. That's potentially another 6c a share this fiscal year.
There are a few more things in SCRO's favor: 1) China's recent approval for permanent trade relations could afford SCRO an approximate 17% reduction on its import duty for raw materials used in the production of PCBs, 2) The Asian markets are expected to be the fastest-growing consumer-electronics markets in coming years and 3) China's entry into the WTO could translate into additional growth, assuming expansion of the production facilities.
In 1999 Advanced Technology's revenues were US$22M, and net profit was US$4M. Net income in Q1'00 (ending March 31) was US$1.2M, or 6c a share. For the second quarter ended November 30, net income increased 75% from the prior year to $1.7M or 8.5c a share, while gross profit margin also increased to 39.2% from 22.8% in 1999. Roy Ho, CEO of Score One: "We attribute the Company's increase in net income and gross profit margin to our successful entrance into higher profit margin PCB markets, additional value-added services to our clients during the last two quarters and lower production costs as a result of bulk purchases of raw materials at comparatively lower prices. With the highly anticipated entry of China into the World Trade Organization, we expect numerous doors to open, which will enable us to capture an abundance of new and lucrative business for many years to come.'' The total earnings per share of 9c for the quarter ended Nov.30 is a 50% increase over the 6c reported for Nov.30, 1999. During the previous six-month reporting period ended Nov.30, 2000, shareholder equity appreciated by 64%, to $0.40.
After China signed the World Trade Organization agreement, the foreign manufacturers that have been producing there will have a much easier regulatory and operating environment to manufacture products in China for export. And as China’s electronics manufacturing moves from the more generic into the high technology areas, SCRO expects to take a rising share of the flexible PCB market through continuing their focus on R&D, which has been largely a key to their success in the past. By contrast, a lot of their competitors are still "generic", i.e. they produce fixed non-flexible printed circuit boards for the generic electronic products. Advanced Technology is very bullish about the future of its business.
As we said, book value is 40c a share, and the company is completely free of debt. Our earnings estimate for fiscal 2001, ending in May, is 26c a share and we expect EPS next year to rise to 35-37c, conservatively. That puts SCRO's current multiple at less than 3! SCRO has about 20M shares outstanding, but only 17% in the float. That can be good, if you're looking for a fast mover. The stock trades typically less than 100K shares a day, so buy carefully. But don't expect the stock to remain unknown long.
(CHART)
SCRO has been basing in the 0.55-1.00 range for two months, on low volume. The moving average stands at 90c or so and the next rally should allow the stock to move past it. There is a little supply in the 1.60 area, but no significant resistance is visible until 2.00. The stochastics are already strong, in the 70 range, indicating an impending move. As you can see in October, the stock is capable of doubling in a matter of days, given any decent amount of buying. We suggest you hold on for a couple of quarters, though - you should see the stock in the 2.50-3.00 range by summer and closer to 5 by year-end. For now, use limit orders to buy, because the stock is a bit thin.
This newsletter has received no compensation whatsoever from SCRO.
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=SCRO&read=4721
imo
Good deal, I've been in SCRO since last March, one of my favorite BB's. The latest write-up on them was quite good, I'll find a copy and post it here.
imo
CMIX 0.595 +0.480 0.000 0.000 13700 10:04 0.595
Needle in a haystack.
imo
ride, cap't ride! On your mystery SHPS!
http://64.224.88.85./MP3/Blues%20Image,%20Ride%20Captain%20Ride.mp3
imo
QQQ message board link:
http://www.siliconinvestor.com/stocktalk/subject.gsp?subjectid=26037
imo
CHWT Signs Letter of Intent With World Trade Center Guangzhou
B: Signs Letter of Intent With World Trade Center Guangzhou for the
Establishment of Guangzhou World Trade Center Club
New York, New York, Jan 24, 2001 (Market News Publishing via COMTEX) -- China
World Trade Corp. announced that it has executed a Letter of Intent with World
Trade Center Guangzhou to jointly establish Guangzhou World Trade Center Club,
through which a variety of services can be provided to members of World Trade
Centers both in China and other countries throughout the world.
Following its establishment, Guangzhou World Trade Center Club will provide
comprehensive services to members of World Trade Center Guangzhou and members of
the World Trade Centers Association throughout the world, including:
intermediary services to trade and investment, business centers, computer
network services, business information and consulting services, product display,
technological exchanges, international conference services, trade shows and
other business-oriented exhibitions.
John H.W. Hui, chairman and chief executive officer of China World Trade,
stated: "Our joining forces with World Trade Center Guangzhou for the
establishment of Guangzhou World Trade Center Club is expected to translate into
bountiful economic returns for both companies. Our alliance with World Trade
Center Guangzhou symbolizes our continued commitment to be the premier business
liaison between Eastern and Western economic interests."
World Trade Center Guangzhou is a member of the World Trade Centers Association
and has established long-term business relationships with numerous World Trade
Center Association members both inside and outside China.
Statements made in this news release concerning predictions of performance and
the company's plans and objectives are not historic facts and constitute
forward-looking statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such statements involve
important risks and uncertainties that may cause results to differ materially
from those set forth in this news release. All forward-looking statements are
subject to the successful completion of actions described in the news release.
Readers should carefully review the company and publicly available filings
thoroughly with their registered investment adviser or registered broker.
CONTACT: TEL: (800) 791-5777 Sy Mitzner, Pace Communications Networ
WEBSITE: www.china-wtc.com
URL: www.china-wtc.com
MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.
(C) 2001 Market News Publishing Inc.
-0-
KEYWORD: New York, New York
*** end of story ***
imo
Score One Inc. Enters Into Letter of Intent to Acquire Jiang Yin Kai Sheng
Copper Clad Laminated Sheet Co. Ltd.
Business Editors
LOS ANGELES--(BUSINESS WIRE)--Jan. 30, 2001--
Additional US$2 Million in Net Profit for Fiscal Year 2001 Anticipated
Score One Inc. (OTCBB:SCRO) announced that it has entered into a
Letter of Intent with Jiang Yin Kai Sheng Copper Clad Laminated Sheet
Co. Ltd. ("Copper Clad Laminated Sheet Co.") to acquire all of the
common stock and business assets of Copper Clad Laminated Sheet Co.,
based on a 5-times price-earning multiple on the projected net profit
of fiscal year 2001, which is expected to be not less than US$2
million.
The specific terms of the transaction are confidential at this
time.
Copper Clad Laminated Sheet Co. is a wholly foreign owned
enterprise established in the People's Republic of China, and is
principally engaged in the manufacture of board materials for printed
circuit board manufacturers. The business assets of Copper Clad
Laminated Sheet Co. that are to be acquired by Score One have an
anticipated value of at least US$10 million.
Commenting on the proposed acquisition of Copper Clad Laminated
Sheet Co., Roy Ho, president and chief executive officer of Score One,
stated, "We anticipate the acquisition of Copper Clad Laminated Sheet
Co. to translate into an increase of US$2 million in our net profit
for fiscal year 2001."
Ho added, "Our anticipated acquisition of Copper Clad Laminated
Sheet Co. symbolizes our commitment to maintaining our edge over the
competition by, amongst other things, expanding and diversifying our
revenue base."
About Score One Inc.
The company manufactures specific application printed circuit
boards (PCBs) including flexible double-sided conductive carbon- and
polyester-based PCBs principally to OEM manufacturers of brand-named
consumer electronics companies such as Sharp, Canon, Citizen and
Samsung, and are certified at ISO 9002 level.
The consumer electronics and telecommunication products include,
and are not limited to, handheld organizers, scientific calculators
and mobile phones.
For the three-month period ended Nov. 30, 2000, Score One's net
income increased 75 percent to $1.7 million as compared to the same
period ended November 1999, while gross profit margin also increased
to 39.2 percent from 22.8 percent in 1999.
The total earning per share of $.09 for the three-month period
ended Nov. 30, 2000, constitutes a significant increase of 50 percent
over the previously reported $.06 for the same period ended Nov. 30,
1999. During the previous six-month reporting period ended Nov. 30,
2000, shareholder equity appreciated by 64 percent from $4.84 million
to $7.95 million.
Forward-looking statements in this release are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including, without
limitation, continued acceptance of the company's products and
technological changes, the company's dependence upon third-party
suppliers, intellectual property rights and other risks detailed from
time to time in the company's periodic reports filed with the
Securities and Exchange Commission.
Financials are at www.sec.gov.
--30--WAM/la* KB/la
CONTACT: Bordwell Financial Group
Angela Bordwell, 805/579-1712
abordy01@yahoo.com
KEYWORD: CALIFORNIA CHINA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: HARDWARE MANUFACTURING MINING/METALS EARNINGS
MERGERS/ACQ
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
*** end of story ***
imo
Shareholder Information:
SEC filings:
http://www.edgar-online.com/bin/esearch/default.asp?QT=0&query=amci+int&date=1994&x=18&y=4
31,416,140 Total O/S:
26,179,720 Restricted
5,236,420 Float
Authorized: 100M Common, 20M Preferred (none currently O/S)
Transfer Agent: Atlas Transfer, SLC, Utah
imo
APPROVAL OF THE STOCK OPTION PLAN
Effective January 16, 2001, the Board of Directors adopted the Shopss Stock
Option Plan (the "Plan") and effective as of January 16, 2001 the
Consenting Shareholders approved the Plan.
The following summary describes the material features of the Plan.
PURPOSE
The purpose of the Plan is to promote the long-term success of Shopss by
attracting, motivating and retaining directors, officers and key employees
and consultants of Shopss and its affiliates (the "Participants") through
the use of competitive long-term incentives which are tied to shareholder
value. The Plan seeks to balance Participants' and shareholder interests
by providing incentives to the Participants in the form of stock options
which offer rewards for achieving the long-term strategic and financial
objectives of Shopss.
COMMON STOCK AVAILABLE
Subject to adjustment as described below, the maximum number of shares of
Common Stock which may be awarded under the Plan may not exceed an
aggregate of 20,000,000 shares over the life of the Plan. The Plan
provides for equitable adjustment of the number of shares subject to the
Plan and the number of shares of each subsequent award of stock thereunder
and of the unexercised portion of the stock option award described below in
the event of a change in the capitalization of Shopss due to a stock split,
stock dividend recapitalization, merger or similar event.
5
ELIGIBILITY
Persons who are eligible to receive stock options granted under the Plan
are those individuals and entities as a compensation committee or such
other committee appointed by the Board of Directors to administer the Plan
(the "Committee") in its discretion determines should be awarded such
incentives given the best interest of Shopss; provided, however, that (i)
-------- -------
incentive stock options ("ISOs") may only be granted to employees of Shopss
and its affiliates and (ii) any person holding capital stock of Shopss or
any affiliate possessing more than 10% of the total combined voting power
of all classes of capital stock of Shopss or any affiliate will not be
eligible to receive ISOs unless the exercise price per share is at least
110% of the fair market value of the stock on the date the option is
granted.
ADMINISTRATION
The authority to control and manage the operation and administration of the
Plan is vested in the Committee appointed by the Board of Directors from
time to time. Members of the Committee shall serve at
the pleasure of the Board of Directors. The Committee may from time to time
determine which officers, directors and key employees and consultants of
Shopss and its affiliates may be granted options under the Plan, the terms
Thereof (including, without limitation, determining whether the option is an
ISO and the times at which the option shall become exercisable), and the
Number of shares for which an option or options may be granted. If rights of
Shopss to repurchase stock are imposed, the Board of Directors or the
Committee may, in its sole discretion, accelerate, in whole or in part, the
time for lapsing of any rights of Shopss to repurchase shares or forfeiture
restrictions. The Board of Directors or the Committee has the sole
authority, in its absolute discretion. to adopt, amend and rescind such
rules and regulations, consistent with the provisions of the Plan, as, in
its opinion, may be advisable in the administration of the Plan, to
construe and interpret the Plan, the rules and regulations, and the
instruments evidencing options granted under the Plan and to make all other
determinations deemed necessary or advisable for the administration of the
Plan. All decisions, determinations and interpretations of the Committee
are binding on all option holders under the Plan.
GRANT AND EXERCISE OF OPTIONS
All ISOs will have option exercise prices per option share not less than
the fair market value of a share on the date the option is granted, except
in the case of ISOs granted to any person possessing more than 10% of the
total combined voting power of all classes of stock in which case the price
will be not less than 110% of such fair market value. The term of each
option may not be more than 10 years, except that the term of each ISO
issued to any person possessing more than 10% of the voting power of all
classes of stock may not be more than five years.
The vesting schedule for any option granted under the Plan, will be
determined by the Board of Directors or the Committee and will be set forth
in a specific option agreement. To the extent not exercised, installments
will accumulate and be exercisable, in whole or in part, at any time after
becoming exercisable, but not later than the date the option expires. The
Committee has the right to accelerate the exercisability of any option.
Each ISO granted pursuant to the Plan is exercisable, during the optionee's
lifetime, only by the optionee or the optionee's guardian or legal
representative. Neither the option nor any right to purchase stock may be
transferred, assigned or pledged other than by will under the laws of
descent and distribution. Payment of the purchase price is by (i) cash, (ii)
check, (iii) at the discretion of the Committee, by delivery to Shopss of
the option holder's promissory note, (iv) such other consideration as the
Committee, in its sole discretion, determines and is consistent with the
Plan's purpose and applicable law, or (v) any combination of the foregoing.
6
AMENDMENT AND TERMINATION
The Board of Directors may at any time suspend or terminate the Plan, and
may amend it from time to time in such respects as the Board of Directors
may deem advisable. Unless terminated by the Board of Directors earlier,
the Plan shall terminate on the earlier of January 16, 2010.
MARKET VALUE OF UNDERLYING SECURITIES
On January 16, 2001 the closing bid price for Shopss's Common Stock on the
over-the-counter Electronic Bulletin Board was $.94.
Maybe this is where the 100k after hour T came from?
imo
FEATURED STOCK
It has been a long microcap drought for this newsletter. The reasons are two-fold: the micros haven't been working, until these past couple of weeks, and we decided to be very choosy when it came to financial ratios such as PE, book value and growth rates, in keeping with the more selective nature of the market as a whole. What we have this week for you has all the hallmarks of a big-payoff micro - a tech stock with a growth rate of 50%, a trailing PE of 7, selling at twice book, with Return on Equity of 78%, looking at explosive demand for their products and a series of lucrative JV's - plus it's completely unknown. We are sure you will like this stock a lot. If you're a new reader, I suggest you look at some of our "undiscovered" micro picks form 6-9 months ago and see how well they've done, and how quickly. Happy days are here again...
Score One (SCRO, 78c, BB) manufactures specific application printed circuit boards (PCBs) including flexible double-sided conductive carbon and polyester based PCBs, principally to OEM manufacturers of brand named consumer electronics companies such as Sharp, Canon, Polaroid, Citizen, Sony and Hitachi. The consumer electronics and telecommunication products they supply include hand-held organizers, scientific calculators and mobile phones. According to a recent study "Multilayer PCBs are considered a key growing segment, and output is expected to have an annual 30% increase while revenue is estimated to increase by 25% annually." SCRO is a major player in this field, and the biggest in China.
Score One's wholly owned operating subsidiary, Advanced Technology Holdings International, Ltd. (ATHI), is one of the largest manufacturers of printed circuit boards in China, based in Hong Kong with two manufacturing facilities in Southern China Welcome to fuchang. These production facilities employ approximately 600 people, and they produce three major product lines: flexible circuit boards, conductive carbon circuit boards and standard fixed circuit boards. Advanced Technology has a market-leading 60% share of the flexible circuit board market, i.e. very small PCBs used in the new generation of communications equipment - palm computers, smart cell phones and such - sold to leading brand-name companies, many of which manufacture in China for export. ISO 9002 qualification, which was granted in 1999, also sets the company apart from most of the other manufacturers of PCBs in China.
ATHI, formerly Modern Frame Int'l Ltd., began to expand its productivity in mid-1995 with the increased capacity and relocation to Dong Guan. The R&D Department was established in the same year. In 1996 the company reduced its cost of sales by 40% by launching the double-sided conductive carbon PCB, which now represents 66% of their production vs. the single sided PCB. ATHI further advanced its technology and pared its costs in 1998, with the introduction of Polyester & Polyamine PCB production. They have very few competitors in the double-sided PCB market, and they have no competitors that they are aware of in the conductive carbon PCB market in China. Advanced Technology is the first company to China to bring in conductive carbon technology, which eliminates the welds in the circuitry and uses carbon as a conductive element, which is a much more efficient method to produce the electrical circuit. ATHI is now developing a Multiple Polyamide Inter Connection Board (MPIC) product that is "expected to add $16.5M in revenue and $5.9M in earnings for fiscal year 2001" (if true, that's 30c a share, this year!). Our estimates below only use that forecast for next fiscal year, not this one.
In addition, in October 2000 SCRO began to provide the installation of electronic components on its PCBs as a value added service to its existing customers. This new Circuit-On-Board (COB) product line is expected to retain and attract new customers for its existing PCBs and open a new marketplace for the COB product, which CEO Roy Ho predicted would deliver approximately 20% more business to the company and a substantial increase to net income. We saw the first fruits of this effort with their latest earnings report, showing a 75% increase in net income.
SCRO recently signed the Blue-Tech joint-venture agreement, which is expected to generate around $20M in revenues and $2.65M in net income for the first year of operation, approximately $1.2M of which would accrue to SCRO. That's potentially another 6c a share this fiscal year.
There are a few more things in SCRO's favor: 1) China's recent approval for permanent trade relations could afford SCRO an approximate 17% reduction on its import duty for raw materials used in the production of PCBs, 2) The Asian markets are expected to be the fastest-growing consumer-electronics markets in coming years and 3) China's entry into the WTO could translate into additional growth, assuming expansion of the production facilities.
In 1999 Advanced Technology's revenues were US$22M, and net profit was US$4M. Net income in Q1'00 (ending March 31) was US$1.2M, or 6c a share. For the second quarter ended November 30, net income increased 75% from the prior year to $1.7M or 8.5c a share, while gross profit margin also increased to 39.2% from 22.8% in 1999. Roy Ho, CEO of Score One: "We attribute the Company's increase in net income and gross profit margin to our successful entrance into higher profit margin PCB markets, additional value-added services to our clients during the last two quarters and lower production costs as a result of bulk purchases of raw materials at comparatively lower prices. With the highly anticipated entry of China into the World Trade Organization, we expect numerous doors to open, which will enable us to capture an abundance of new and lucrative business for many years to come.'' The total earnings per share of 9c for the quarter ended Nov.30 is a 50% increase over the 6c reported for Nov.30, 1999. During the previous six-month reporting period ended Nov.30, 2000, shareholder equity appreciated by 64%, to $0.40.
After China signed the World Trade Organization agreement, the foreign manufacturers that have been producing there will have a much easier regulatory and operating environment to manufacture products in China for export. And as China’s electronics manufacturing moves from the more generic into the high technology areas, SCRO expects to take a rising share of the flexible PCB market through continuing their focus on R&D, which has been largely a key to their success in the past. By contrast, a lot of their competitors are still "generic", i.e. they produce fixed non-flexible printed circuit boards for the generic electronic products. Advanced Technology is very bullish about the future of its business.
As we said, book value is 40c a share, and the company is completely free of debt. Our earnings estimate for fiscal 2001, ending in May, is 26c a share and we expect EPS next year to rise to 35-37c, conservatively. That puts SCRO's current multiple at less than 3! SCRO has about 20M shares outstanding, but only 17% in the float. That can be good, if you're looking for a fast mover. The stock trades typically less than 100K shares a day, so buy carefully. But don't expect the stock to remain unknown long.
(CHART)
SCRO has been basing in the 0.55-1.00 range for two months, on low volume. The moving average stands at 90c or so and the next rally should allow the stock to move past it. There is a little supply in the 1.60 area, but no significant resistance is visible until 2.00. The stochastics are already strong, in the 70 range, indicating an impending move. As you can see in October, the stock is capable of doubling in a matter of days, given any decent amount of buying. We suggest you hold on for a couple of quarters, though - you should see the stock in the 2.50-3.00 range by summer and closer to 5 by year-end. For now, use limit orders to buy, because the stock is a bit thin.
This newsletter has received no compensation whatsoever from SCRO.
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=SCRO&read=4721
imo
FEATURED STOCK
It has been a long microcap drought for this newsletter. The reasons are two-fold: the micros haven't been working, until these past couple of weeks, and we decided to be very choosy when it came to financial ratios such as PE, book value and growth rates, in keeping with the more selective nature of the market as a whole. What we have this week for you has all the hallmarks of a big-payoff micro - a tech stock with a growth rate of 50%, a trailing PE of 7, selling at twice book, with Return on Equity of 78%, looking at explosive demand for their products and a series of lucrative JV's - plus it's completely unknown. We are sure you will like this stock a lot. If you're a new reader, I suggest you look at some of our "undiscovered" micro picks form 6-9 months ago and see how well they've done, and how quickly. Happy days are here again...
Score One (SCRO, 78c, BB) manufactures specific application printed circuit boards (PCBs) including flexible double-sided conductive carbon and polyester based PCBs, principally to OEM manufacturers of brand named consumer electronics companies such as Sharp, Canon, Polaroid, Citizen, Sony and Hitachi. The consumer electronics and telecommunication products they supply include hand-held organizers, scientific calculators and mobile phones. According to a recent study "Multilayer PCBs are considered a key growing segment, and output is expected to have an annual 30% increase while revenue is estimated to increase by 25% annually." SCRO is a major player in this field, and the biggest in China.
Score One's wholly owned operating subsidiary, Advanced Technology Holdings International, Ltd. (ATHI), is one of the largest manufacturers of printed circuit boards in China, based in Hong Kong with two manufacturing facilities in Southern China Welcome to fuchang. These production facilities employ approximately 600 people, and they produce three major product lines: flexible circuit boards, conductive carbon circuit boards and standard fixed circuit boards. Advanced Technology has a market-leading 60% share of the flexible circuit board market, i.e. very small PCBs used in the new generation of communications equipment - palm computers, smart cell phones and such - sold to leading brand-name companies, many of which manufacture in China for export. ISO 9002 qualification, which was granted in 1999, also sets the company apart from most of the other manufacturers of PCBs in China.
ATHI, formerly Modern Frame Int'l Ltd., began to expand its productivity in mid-1995 with the increased capacity and relocation to Dong Guan. The R&D Department was established in the same year. In 1996 the company reduced its cost of sales by 40% by launching the double-sided conductive carbon PCB, which now represents 66% of their production vs. the single sided PCB. ATHI further advanced its technology and pared its costs in 1998, with the introduction of Polyester & Polyamine PCB production. They have very few competitors in the double-sided PCB market, and they have no competitors that they are aware of in the conductive carbon PCB market in China. Advanced Technology is the first company to China to bring in conductive carbon technology, which eliminates the welds in the circuitry and uses carbon as a conductive element, which is a much more efficient method to produce the electrical circuit. ATHI is now developing a Multiple Polyamide Inter Connection Board (MPIC) product that is "expected to add $16.5M in revenue and $5.9M in earnings for fiscal year 2001" (if true, that's 30c a share, this year!). Our estimates below only use that forecast for next fiscal year, not this one.
In addition, in October 2000 SCRO began to provide the installation of electronic components on its PCBs as a value added service to its existing customers. This new Circuit-On-Board (COB) product line is expected to retain and attract new customers for its existing PCBs and open a new marketplace for the COB product, which CEO Roy Ho predicted would deliver approximately 20% more business to the company and a substantial increase to net income. We saw the first fruits of this effort with their latest earnings report, showing a 75% increase in net income.
SCRO recently signed the Blue-Tech joint-venture agreement, which is expected to generate around $20M in revenues and $2.65M in net income for the first year of operation, approximately $1.2M of which would accrue to SCRO. That's potentially another 6c a share this fiscal year.
There are a few more things in SCRO's favor: 1) China's recent approval for permanent trade relations could afford SCRO an approximate 17% reduction on its import duty for raw materials used in the production of PCBs, 2) The Asian markets are expected to be the fastest-growing consumer-electronics markets in coming years and 3) China's entry into the WTO could translate into additional growth, assuming expansion of the production facilities.
In 1999 Advanced Technology's revenues were US$22M, and net profit was US$4M. Net income in Q1'00 (ending March 31) was US$1.2M, or 6c a share. For the second quarter ended November 30, net income increased 75% from the prior year to $1.7M or 8.5c a share, while gross profit margin also increased to 39.2% from 22.8% in 1999. Roy Ho, CEO of Score One: "We attribute the Company's increase in net income and gross profit margin to our successful entrance into higher profit margin PCB markets, additional value-added services to our clients during the last two quarters and lower production costs as a result of bulk purchases of raw materials at comparatively lower prices. With the highly anticipated entry of China into the World Trade Organization, we expect numerous doors to open, which will enable us to capture an abundance of new and lucrative business for many years to come.'' The total earnings per share of 9c for the quarter ended Nov.30 is a 50% increase over the 6c reported for Nov.30, 1999. During the previous six-month reporting period ended Nov.30, 2000, shareholder equity appreciated by 64%, to $0.40.
After China signed the World Trade Organization agreement, the foreign manufacturers that have been producing there will have a much easier regulatory and operating environment to manufacture products in China for export. And as China’s electronics manufacturing moves from the more generic into the high technology areas, SCRO expects to take a rising share of the flexible PCB market through continuing their focus on R&D, which has been largely a key to their success in the past. By contrast, a lot of their competitors are still "generic", i.e. they produce fixed non-flexible printed circuit boards for the generic electronic products. Advanced Technology is very bullish about the future of its business.
As we said, book value is 40c a share, and the company is completely free of debt. Our earnings estimate for fiscal 2001, ending in May, is 26c a share and we expect EPS next year to rise to 35-37c, conservatively. That puts SCRO's current multiple at less than 3! SCRO has about 20M shares outstanding, but only 17% in the float. That can be good, if you're looking for a fast mover. The stock trades typically less than 100K shares a day, so buy carefully. But don't expect the stock to remain unknown long.
(CHART)
SCRO has been basing in the 0.55-1.00 range for two months, on low volume. The moving average stands at 90c or so and the next rally should allow the stock to move past it. There is a little supply in the 1.60 area, but no significant resistance is visible until 2.00. The stochastics are already strong, in the 70 range, indicating an impending move. As you can see in October, the stock is capable of doubling in a matter of days, given any decent amount of buying. We suggest you hold on for a couple of quarters, though - you should see the stock in the 2.50-3.00 range by summer and closer to 5 by year-end. For now, use limit orders to buy, because the stock is a bit thin.
This newsletter has received no compensation whatsoever from SCRO.
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=SCRO&read=4721
imo
FEATURED STOCK
It has been a long microcap drought for this newsletter. The reasons are two-fold: the micros haven't been working, until these past couple of weeks, and we decided to be very choosy when it came to financial ratios such as PE, book value and growth rates, in keeping with the more selective nature of the market as a whole. What we have this week for you has all the hallmarks of a big-payoff micro - a tech stock with a growth rate of 50%, a trailing PE of 7, selling at twice book, with Return on Equity of 78%, looking at explosive demand for their products and a series of lucrative JV's - plus it's completely unknown. We are sure you will like this stock a lot. If you're a new reader, I suggest you look at some of our "undiscovered" micro picks form 6-9 months ago and see how well they've done, and how quickly. Happy days are here again...
Score One (SCRO, 78c, BB) manufactures specific application printed circuit boards (PCBs) including flexible double-sided conductive carbon and polyester based PCBs, principally to OEM manufacturers of brand named consumer electronics companies such as Sharp, Canon, Polaroid, Citizen, Sony and Hitachi. The consumer electronics and telecommunication products they supply include hand-held organizers, scientific calculators and mobile phones. According to a recent study "Multilayer PCBs are considered a key growing segment, and output is expected to have an annual 30% increase while revenue is estimated to increase by 25% annually." SCRO is a major player in this field, and the biggest in China.
Score One's wholly owned operating subsidiary, Advanced Technology Holdings International, Ltd. (ATHI), is one of the largest manufacturers of printed circuit boards in China, based in Hong Kong with two manufacturing facilities in Southern China Welcome to fuchang. These production facilities employ approximately 600 people, and they produce three major product lines: flexible circuit boards, conductive carbon circuit boards and standard fixed circuit boards. Advanced Technology has a market-leading 60% share of the flexible circuit board market, i.e. very small PCBs used in the new generation of communications equipment - palm computers, smart cell phones and such - sold to leading brand-name companies, many of which manufacture in China for export. ISO 9002 qualification, which was granted in 1999, also sets the company apart from most of the other manufacturers of PCBs in China.
ATHI, formerly Modern Frame Int'l Ltd., began to expand its productivity in mid-1995 with the increased capacity and relocation to Dong Guan. The R&D Department was established in the same year. In 1996 the company reduced its cost of sales by 40% by launching the double-sided conductive carbon PCB, which now represents 66% of their production vs. the single sided PCB. ATHI further advanced its technology and pared its costs in 1998, with the introduction of Polyester & Polyamine PCB production. They have very few competitors in the double-sided PCB market, and they have no competitors that they are aware of in the conductive carbon PCB market in China. Advanced Technology is the first company to China to bring in conductive carbon technology, which eliminates the welds in the circuitry and uses carbon as a conductive element, which is a much more efficient method to produce the electrical circuit. ATHI is now developing a Multiple Polyamide Inter Connection Board (MPIC) product that is "expected to add $16.5M in revenue and $5.9M in earnings for fiscal year 2001" (if true, that's 30c a share, this year!). Our estimates below only use that forecast for next fiscal year, not this one.
In addition, in October 2000 SCRO began to provide the installation of electronic components on its PCBs as a value added service to its existing customers. This new Circuit-On-Board (COB) product line is expected to retain and attract new customers for its existing PCBs and open a new marketplace for the COB product, which CEO Roy Ho predicted would deliver approximately 20% more business to the company and a substantial increase to net income. We saw the first fruits of this effort with their latest earnings report, showing a 75% increase in net income.
SCRO recently signed the Blue-Tech joint-venture agreement, which is expected to generate around $20M in revenues and $2.65M in net income for the first year of operation, approximately $1.2M of which would accrue to SCRO. That's potentially another 6c a share this fiscal year.
There are a few more things in SCRO's favor: 1) China's recent approval for permanent trade relations could afford SCRO an approximate 17% reduction on its import duty for raw materials used in the production of PCBs, 2) The Asian markets are expected to be the fastest-growing consumer-electronics markets in coming years and 3) China's entry into the WTO could translate into additional growth, assuming expansion of the production facilities.
In 1999 Advanced Technology's revenues were US$22M, and net profit was US$4M. Net income in Q1'00 (ending March 31) was US$1.2M, or 6c a share. For the second quarter ended November 30, net income increased 75% from the prior year to $1.7M or 8.5c a share, while gross profit margin also increased to 39.2% from 22.8% in 1999. Roy Ho, CEO of Score One: "We attribute the Company's increase in net income and gross profit margin to our successful entrance into higher profit margin PCB markets, additional value-added services to our clients during the last two quarters and lower production costs as a result of bulk purchases of raw materials at comparatively lower prices. With the highly anticipated entry of China into the World Trade Organization, we expect numerous doors to open, which will enable us to capture an abundance of new and lucrative business for many years to come.'' The total earnings per share of 9c for the quarter ended Nov.30 is a 50% increase over the 6c reported for Nov.30, 1999. During the previous six-month reporting period ended Nov.30, 2000, shareholder equity appreciated by 64%, to $0.40.
After China signed the World Trade Organization agreement, the foreign manufacturers that have been producing there will have a much easier regulatory and operating environment to manufacture products in China for export. And as China’s electronics manufacturing moves from the more generic into the high technology areas, SCRO expects to take a rising share of the flexible PCB market through continuing their focus on R&D, which has been largely a key to their success in the past. By contrast, a lot of their competitors are still "generic", i.e. they produce fixed non-flexible printed circuit boards for the generic electronic products. Advanced Technology is very bullish about the future of its business.
As we said, book value is 40c a share, and the company is completely free of debt. Our earnings estimate for fiscal 2001, ending in May, is 26c a share and we expect EPS next year to rise to 35-37c, conservatively. That puts SCRO's current multiple at less than 3! SCRO has about 20M shares outstanding, but only 17% in the float. That can be good, if you're looking for a fast mover. The stock trades typically less than 100K shares a day, so buy carefully. But don't expect the stock to remain unknown long.
(CHART)
SCRO has been basing in the 0.55-1.00 range for two months, on low volume. The moving average stands at 90c or so and the next rally should allow the stock to move past it. There is a little supply in the 1.60 area, but no significant resistance is visible until 2.00. The stochastics are already strong, in the 70 range, indicating an impending move. As you can see in October, the stock is capable of doubling in a matter of days, given any decent amount of buying. We suggest you hold on for a couple of quarters, though - you should see the stock in the 2.50-3.00 range by summer and closer to 5 by year-end. For now, use limit orders to buy, because the stock is a bit thin.
This newsletter has received no compensation whatsoever from SCRO.
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=SCRO&read=4721
imo