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Once a Sneak, a company becomes a candidate for a full recommenda-tion.
My decision concerning which to recommend is based on what we find
in continuing investigation. I may cover a Sneak I did a year ago,
or one from the last issue; do not attach significance to timing.
While Sneaks are preliminary recommenda-tions, do not use them for
investment decisions unless you decide on the basis of facts you
uncover in your own investiga-tion. Keep in mind that the codes
listed after each Sneak are preliminary, reflecting my first impression.
They are subject to change based on further investigation.
A.L.I. Technologies, Inc. (TSE/ALT) is a medical information
management technology company that develops & markets filmless diagnostic
image & clinical report management systems for use in imaging departments
within hospitals & clinics. Its diagnostic image management solutions
are available in several levels, all of which improve the delivery
of medical imaging services. Its top-of-the-line ALI UltraPACSR
electronically captures the images from an entire imaging facility
which may be spread over a campus, city, region, or boundless wide
area network. These images are archived as long-term patient records
on optical media, allowing the diagnostician to compare past images
with present images in making a critical evaluation.
ALT has the world's largest installed base of filmless image management
systems. As of the end of 1998, it had 208 systems installed in
such facilities as: Beth Isra-el/Deaconess - Boston; Duke University
Medical Center - Durham; Johns Hopkins - Baltimore; Mayo Clinics
- Jacksonville, Rochester, & Scottsdale; & the National Naval Medical
Center - Bethesda. In addition, there are more than 50 installations
in foreign countries. The company sees significant growth opportunities
in the area of ultrasound image management solutions & is focusing
on that market for the near term. Between 1993 & 1998, sales increased
by a factor of 28 (averaging almost 100 percent growth per year)
& achieved significant net income improvements in each of the last
three years. Call IR J. Caren Holtby @ 800-661-5885, fax 800-261-5432,
or write 95 - 10551 Shellbridge Way, Richmond, BC, Canada V6X 2W9.
www.alitech-.com [R-7; M-7; L-8]
Amerigon Incorporated (NASDAQ/ARGNA) develops, manufactures,
& markets proprietary high technology automotive components & systems
for sale to automobile & other OEMs. The automobile business is
highly competitive. Manufacturers must win customers by offering
new features which differentiate them from their competitors while
adding additional profit margin. To assist in achieving these goals,
ARGNA focuses on two specific technologies; climate controlled seats,
& radar systems for maneuverabili-ty & safety.
The Climate Control Seat (CCS): Although seat-warming systems have
been available on some cars for decades, the older models offer
only warming through electric resistance wires embedded in the seat
cover. CCS not only warms, but also cools, & dries vehicle seats
instantaneously at the touch of a finger by means of an air-flow
generating solid-state electronic heat pump. There is no waiting
for the engine to warm up or the air conditioner to kick in. Each
passenger can control his or her seat as they wish. Extreme cold,
or hot sticky weather are no longer a problem. CCS is efficient,
quiet, environmen-tally friendly (no moving parts or refrigerant),
& less costly to produce. ARGNA shipped production seats to Florida-based
Mark III Industries, the leading manufacturer of conversion vans,
minivans & trucks. These seats were featured earlier this year at
the National Automobile Dealers Association (NADA) convention in
New Orleans.
The Climate Control Seat (CCS): Although seat-warming systems
have been available on some cars for decades, the older models offer
only warming through electric resistance wires embedded in the seat
cover. CCS not only warms, but also cools, & dries vehicle seats
instantaneously at the touch of a finger by means of an air-flow
generating solid-state electronic heat pump. There is no waiting
for the engine to warm up or the air conditioner to kick in. Each
passenger can control his or her seat as they wish. Extreme cold,
or hot sticky weather are no longer a problem. CCS is efficient,
quiet, environmen-tally friendly (no moving parts or refrigerant),
& less costly to produce. ARGNA shipped production seats to Florida-based
Mark III Industries, the leading manufacturer of conversion vans,
minivans & trucks. These seats were featured earlier this year at
the National Automobile Dealers Association (NADA) convention in
New Orleans.
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HemaCare Corporation (NASDAQ/HEMA) is a leading provider
of blood products & services to healthcare organizations primarily
in southern CA. HEMA, founded in 1978, was the first publicly traded
company in the $2 billion U.S. blood industry to be licensed by
the FDA & accredited by the American Association of Blood Banks.
HEMA's Blood Management Program (BMP) is an arrangement in which
the healthcare organization outsources its blood procurement & donor
center management to HEMA. Donors are carefully screened in compliance
with industry & regulatory standards. Unlike Red Cross blood drives,
HEMA's donors are reimbursed for their time & commitment, thus assuring
a safe, continuing blood supply.
Since its inception, the company has also performed more than 35,000
therapeutic apheresis procedures; a technique for removing harmful
components from a patient's blood used in the treatment of autoimmune
diseases & other disorders. These services are provided on request
by the healthcare organization which is billed directly. HEMA uses
self-contained, state-of-the-art mobile units operated at the patient's
bedside or in a hospital outpatient setting. This two to four hour
procedure may be required from four to 20 times over a period of
time ranging from a few days to several months. It is used in patients
suffering from a number of diseases such as multiple myeloma, HIV-polyneuropathy,
leukemia, systemic lupus erythematosus, lupus nephritis, & scleroderma.
Call Admin. Services Dir. Joann R. Stover @ 818-986-3883, fax 818-986-1417,
or write 4954 Van Nuys Blvd., Sherman Oaks, CA 91403. [R-7; M-7;
L-8]
Infocall Communications Corp. (OTC Bulletin Board/INFE) is positioning
itself to become an important force in the employment staffing industry
(market size for 1998 about $103.8 billion). It specializes in the
rapid growth areas of information technology (IT) staffing & consulting
& the employee leasing or Professional Employer Organization (PEO)
industry sectors. It also provides Internet-based recruiting services
using its proprietary software, "Resumes/ASAP." The Wall Street
Journal says the PEO sector is estimated at 26% or $27 billion,
& expected to expand to $1.4 trillion. The IT staffing sector is
estimated at 18% of that industry or $18.5 billion & is growing
at an average of 27% per year. The National Capital Companies says
"Infocall is positioned to grow from about $20 million in revenues
in FY ending 2/28/99 to a projected $100 million in FY 2000. Net
income for 2000 is projected to come in at $4.1 million or $0.33
per share on a fully diluted basis. We are expecting Infocall to
reach $200 million in revenues by FY ending 2/28/2001, with net
income of $12.9 million or a fully diluted $0.76 per share." Call
949-261-2101, fax 949-261-2492, or write National Capital @ 18952
MacArthur Blvd., Suite 315, Irvine, CA 92612. [R-7; M-7; L-8]
KOS Pharmaceuticals, Inc. (NASDAQ/KOSP) is a fully integrated
specialty pharmaceutical company that develops proprietary prescription
products, primarily for treatment of cardiovascular & respiratory
diseases. Its lead product, NiaspinR, is the only extended-release,
Once-A-NightTM niacin tablet formulation FDA approved for the treatment
of mixed lipid disorders (a primary risk factor for coronary heart
disease). This product effectively reduces the "bad" cholesterol
(LDL) & increases the "good" cholesterol (HDL). Niaspin(R), unlike
over-the-counter niacin dietary supplements, will not cause liver
problems & is much safer. The market for such products is estimated
to be $4 billion, covering over 17 million patients in the U.S.
KOS is well positioned to be a significant player in this field.
Niaspin(R) is marketed through KOS's 200-member sales force calling
on physicians who prescribe cholesterol-altering drugs -- a group
of practitioners including cardiologists & internists, along with
general & family physicians. Since the product's launch, about 8,700
doctors have written 60,552 Niaspin prescriptions. Plans are underway
to market Niaspin in Europe.
KOS has six additional products in its development pipeline: three
once-daily tablet formulations for the treatment of cardiovascular
disease & three aerosolized inhalation formulations for the treatment
of respiratory diseases. Its strategy focuses on reformulating existing
prescription pharmaceutical products to improve safety or patient
compliance.
KOS has a strengthened cash position & its management team is highly
experienced in the pharmaceutical field. Chairman Michael Jaharis
took over a troubled Miami based drug company, Key Pharmace-uticals,
&, in 10 years, brought it from $2 million sales to $200 million
before selling to Schering-Plough for $836 million. Call CEO Daniel
M. Bell @ 305-577-3464, fax 305-577-4596, or write 1011 Brikell
Bay Drive, 25th Floor, Miami, FL 33131. [R-8; M-7; L-8]
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