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Codes: At the end of each Update & Sneak, there are three codes. They have a rating from 1 to 10. Those numbers reflect my personal opinion. Please -- do not take action based on my opinion alone. Do four things before taking action: (1) Read my original writeup to get an overall feel (in the case of updates on recommendations); (2) Get the latest 10-Q, 10-K, corporate profile, & news releases; you can access them at www.wallstreetcorner.com on the Internet; (3) Study them; & (4) Call a key member of management to get a final impression. If anything bothers you regarding that call, pass. There are lots of situations. Do not invest unless everything about a situation feels good to you. "R" stands for "Risk Rating." A "1" means I view the situation as having an extreme amount of risk. A "10" means very low risk -- a much sounder, more financially stable situation. You'll see hardly any with a "1" or "10" rating. I chose "10" to mean lower risk so the higher the number after each of the three codes, the more favorable the rating. "M" stands for "Midterm Appreciation Potential." A "1" means I view the situation as having a small degree of midterm ("mid-term" is six to 12 months) potential. A "10" means really outstanding midterm potential. "L" stands for "Long-term Appreciation Potential." A "1" means I view the situation as having a small degree of long-term ("long-term" is over one year) potential. A "10" means really outstanding long-term potential. Bion Environmental Technologies, Inc. (OTC Bulletin Board/BION -- CS 6/99) had excellent press in Business Week 7/19/99 in an article titled "A Pigsty That Doesn't Stink Like One." Tulsaworld.com on 7/27/99 featured an article by Sonya Colberg on Bion titled "Waste Saved at Hog Farms." Even The Wall Street Journal on 6/16/99 covered Bion in an article titled "Rules Fit for Swine Hitting N.C. Dairy Farms Harder." You may request copies when you call Bion. Call CEO Jon Northrop @ 303-294-0750, fax 303-294-0983, e-mail bion100@aol.com, or write 555 17th St., Suite 3310, Denver, CO 80202 www.biontech.com [R-5 M-7; L-8] DCH Technology, Inc. (OTC Bulletin Board/DCHT -- CS 6/99) announced 7/19/99 a key contract award from NorthWest Power Systems of Bend, Oregon, a division of IdaCorp. (NYSE/IDA). This initial order for a three-kilowatt fuel cell system is part of an overall contract that NorthWest Power has received from Bonneville Power Authority for 110 residential sized fuel cells, worth $3,500,000 over three years. Bonneville is a federal power marketing agency. Part of the U.S. Dept. of Energy, it supplies about half the power to Oregon, Washington, Idaho, & western Montana. NorthWest Power announced 7/14/99 they had successfully tested a new fuel processor that converts diesel into high-purity hydrogen. Without the need for further purification, the hydrogen was fed to a proton-exchange-membrane (PEM) fuel cell that produced electricity. DCHT, in its Valencia, CA plant, will manufacture the electronic controls, cooling system, & other hardware that will be integrated with the fuel cell at DCHT's Wisconsin fuel cell plant. According to DCHT president David Walker, the only other manufacturer supplying a similar fuel cell to NorthWest Power is De Nora, S.p.A., Milan, Italy. The PEM hydrogen fuel cell being produced by DCHT was developed at the Los Alamos National Laboratory -- DCHT has a cooperative research agreement & an exclusive license agreement with Los Alamos to develop & market those fuel cells. I consider the NorthWest Power step a significant breakthrough for DCHT -- it is the first time DCHT's PEM fuel cell will be tested for a large, whole-house electric supply application. Up to now, the fuel cells that have produced & tested have been for smaller power applications. As I told my audience in The Bahamas, I predict that the use of hydrogen fuel cells will eventually replace fossil fuels in automobiles, trucks, buses, & ships. This situation has great long-term potential. I suggest you check it out, since the price is still at an attractively low level. Call DCHT's IR Dept. @ 661-775-8120 ext 11, fax 661-257-9398, e-mail: DCHTinfo@aol.com, or write 27811 Avenue Hopkins #6, Valencia, CA 91355 www.dcht.com [R-6; M-8; L-9;] FastComm Communications Corp. (NASDAQ/FSCX -- CS 3/93) reported revenue for the year ended 4/30/99 of $4.7 million, with a net loss of $5.5 million. FSCX on 7/27/99 closed a private placement with initial proceeds of $1 million, with warrant conversions a possible additional $2.6 million. Proceeds will be used for marketing expansion & product development. FSCX also announced 7/22/99 an agreement with Telecommunicaciones y Representaciones, S.A. of Lima (200 employees) to supply the Peruvian & Bolivian markets with FastComm's advanced voice/fax/video & data networking products. Call VP Mark Rafferty @ 703-318-7750, fax 703-787-4625, e-mail info@fastcomm.com, or write 45472 Holiday Dr., Dulles, VA 20166. www.fastcomm.com [R-5; M-6; L-7] HEARx Ltd. (AMEX/EAR -- CS 9/97) reported revenues for Q2 ended 7/2/99 were about $12 million, a 76% increase from Q2 last year. Chairman Paul A. Brown, M.D. says: "Revenues for the month of June were approximately $5 million, compared to about $2.3 million in June last year. With corporate revenues at this level, HEARx expects to report a profit from operations (before depreciation, amortization, & preferred dividends... all non-cash items) for the entire quarter." He added that the one-for-10 reverse stock split was put into effect 6/30/99 -- there are now 10.6 million shares out. Call Dr. Brown @ 561-478-8770 x123, or write 1250 Northpoint Pkwy., West Palm Beach, FL 33407 [R-7; M-7; L-8] |
Lions Gate Entertainment Corp. (TSE/LGE -- CS 11/98) reported revenues for the year ended 3/31/99 up $54.2 million or 84.6% to $118.3 million. Gross profit increased 70.5% to $25.4 million. EBITDA before severance & restructuring costs were $1.8 million, & net loss was ($14.1 million). The loss is largely the result of non-cash, one-time charges, & includes the company's $5.4 million equity interest in the losses of Mandalay Pictures, the write-off of $1.1 million in development costs of projects that have not gone into production, increased provisions against investment in film & TV programs of about $2 million, a write-off of $1 million of previously recognized benefits of income tax losses, & a one-time cash charge of $1.6 million related to severance & relocation re functions in Toronto. Two one-hour off-network series are in principal photography: "Hope Island for Pax Network in the U.S., & "Cliffhangers" for Fox Family Channel (available in 74.5 million homes). Call 888-609-6120; fax 604-609-6149, or write 595 Burrard St., Suite 3123, Bentall III, PO Box 49139, Vancouver, B.C. Canada V7X 1J1, or call TKO International @ 303-850-7896. www.lionsgate-ent.com. [R-6; M-7; L-8] Material Technologies, Inc. (OTC Bulletin Board/MTEY -- CS 12/98) announced that its newly formed affiliate, Antaeus Research, LLC, plans to institute a research program with DCH Technology Inc. (OTC Bulletin Board/DCHT). Alex Adelson, president, CEO, & vice chairman of Antaeus says: "We feel quite strongly that in assuming technical leadership in the `Smart' bridge management field we must prepare to meet all the technical challengers of the future. DCH Technology, with its advanced light-drivenhydrogen detection monitoring capabilities, fits our vision. We look forward to a successful relationship which will benefit both companies." Call president Bob Bernstein @ 310-208-5589, fax 310-473-3177, or write 11661 San Vincente Blvd., Suite 707, Los Angeles, CA 90049. [R-6; M-7; L-9] NQL Drilling Tools Inc. (OTC Bulletin Board/NQDRF & Toronto/NQL.A -- CS 11/94) reported revenues of C$8,416,000 for Q2 ended 2/28/99, with net income of C$216,000. Call chairman Walter Stelmaschuk @ 403-955-8828 or write 1507 4th St., Nisku, Alberta, Canada T9E 7M9. [R-7; M-6; L-7] Research Frontiers Inc. (NASDAQ NMS/REFR -- CS Sneak 10/98) granted Dianippon Ink & Chemicals, Inc. (DIC) a worldwide non-exclusive license to manufacture & sell to REFR's authorized licensees, emulsions used to manufacture light-controlling film developed by REFR & its licensees. DIC is the world's largest manufacturer of organic pigments (1998 revenues US$7.7 billion). Call Patricia Bryant, IR @ 888-SPD-REFR; fax @ 516-364-3798, or write 240 Crossways Park Drive, Woodbury, NY 11797. www.refr-spd.com. [R-7; M-7; L-8] SGI International (OTC Bulletin Board/SGII -- CS 9/91) agreed with Illinois Power to purchase all upgraded coal produced by SGI from its Liquids From Coal (LFC) demonstration plant near Gillette, WY, which SGI is acquiring from AEI Resources. SGI maintains the right to divert up to 100,000 tons each year to other parties for test burns. Illinois Power has an option to buy up to 500,000 tons per year of upgraded coal from a large-scale commercial LFC plant at North Rochelle. Call Nancy C. Propp @ 619-551-1090. [R-5; M-5; L-8] SportsPrize Entertainment Inc. (OTC Bulletin Board/JOCK -- CS Sneak 6/99) signed with Interactive Marketing Inc. (IMI). IMI represented Yahoo! (NASDAQ/YHOO) to create its initial advertising & promotional strategies. It created the blueprint strategy for the "Lycos Network" (NASDAQ/LCOS). IMI also helped American Express, Citibank, Barnes & Nobel.com, Microsoft, Netscape, CBS, etc. Call Alan Gerson, president of Interactive Marketing Inc. @ 310-374-1898. www.SportsPrize.com [R-6; M-7; L-8] Swissray International, Inc. (OTC Bulletin Board/SRMI -- CS Sneak 1/96), the manufacturer of direct digital radiography technology systems, was recently granted the European patent #EP0804853B1 for its AddOn-BuckyR "for optical arrangement & process for transmitting & converting primary x-ray images." This company has come a long way since I first covered it in '96. I like the fact that image quality is high -- it permits more accurate diagnosis. Images are available within seconds, there is no smelly film development, archiving of images is on disk so they are readily available, can be easily transmitted via local & global networks, & take up much less space. I believe the long-term appreciation potential is excellent. Call Andreas C. Keller @ SRMI @ 011-41-41-914-1200 in Switzerland, or Anthony Altavilla, Sr., VP @ Liviakis, SRMI's IR firm in CA @ 916-448-6084, fax 916-448-6089. www.Swissray.com [R-7; M-7; L-8] ...continued on next page, click here |
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