Monday, January 14, 2008 7:43:20 PM
The purpose of the accounts receivable financing credit facility is to ensure that Niagara Mist Marketing Ltd will see cashflow from sales of its products to distributors more rapidly. XMG Corporation, master distributor of Winning Colours® Multi-Cleaner has seen wholesale turnover of the new environmental cleaner grow from $2,800 per week when Paint & Decorating sector tests began in 2005 to over $8,000 per week to date in 2007.
52 weeks X 8,000 per week = $416,000
If $416,000 is the average revenue for ONE product, BEFORE the Home Depot rack deal. How much can we expect NOW with the Laundry products making their debut, the Home Depot deal and this new industrial/outdoor cleaner? Which will be rolling out into 1000 STORES?!... Lets not forget about the dry cleaners and cruise ship revenue as well!
The market cap as of todays closing price...
716,000,000 (O/S) X .0038 = $2,720,800 current market cap.
$716,000 in PROFIT = .001 EPS (earnings per share)
Add a conservative P/E of 10 on that and ya have .01... How many high margin FAST paced growth stocks trade with P/E's under 30 nowadays?
All we need is a tiny SLICE of one of these billion dollars industries and $100,000,000 market cap is attainable IMO.
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