Yep, they had all their ducks lined with the financing for the big expansion.This is the only company in the US in the sector.
It's way under valued MC 34MM- 6 MM rev VS FMCN MC 1.8 B ( yes -BILLIONS) .Float is only 4.5 MM .Do your own DD this has a double digits written all over it.When people in FMCN realised there's more growth in IMMG and swith to IMMG it will run hard.IMO
FMCN employs bicycle riders who replace memory cards in order to deliver their brand of "digital" advertising. IMMG, on the other hand, utilizes standard Internet Protocol with specialized technology that delivers, simultaneously, full motion video, streamed messaging and fully interactive features, not unlike what you enjoy on you PC.
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From: Market.Alert [mailto:Market.Alert@mindspring.com]
Sent: Thursday, January 26, 2006 1:51 PM
To: Market.Alert
Subject: Impart Media Group (IMMG) On the Move Up--Note chart
Briefing.com (www.briefing.com) Trader In Play IMMG.OB: Impart Media Group a potential play on FMCN (IMMG 1.85 +0.10): Focus Media (FMCN 49.13 +1.84) is breaking out to another new post-IPO high today. The co operates the largest out-of-home advertising network in China using audiovisual tv displays instead of traditional billboards to broadcast advertising. While still a cottage industry in the US, we found an interesting co trying to do something similar in the US. Impart Media (IMMG.OB) provides complete, turnkey dynamic media solutions for display devices such as plasma screens or LCD displays at retailers, airports, grocery stores. For example, retailers such as Nordstrom and Neiman Marcus use the technology at point-of-sale spots in the store. Also, the co recently signed a contract with Dole Foods for use in grocery stores to connect consumers with their integrated healthcare, wellness initiatives. The co is still small at about $6 mln in sales this year. Also, consider FMCN bought Target Media two weeks ago. They are the second largest out-of-home flat-panel display ad network operator in China. FMCN paid $325 mln in cash and stock for a co with revs of just $21.6 mln for 9 mos ended Sep 30. IMMG.OB has a $23 mln mkt cap. Granted, it's a bulletin board, but the co hopes to trade on the Nasdaq in the future. Also, they sounded pretty optimistic when we talked to the co's C.E.O. and the stock has been showing good.
THE THRILL OF VICTORY ;-) & THE AGONY OF DEFEAT ;-(
