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greater than anything on the market now, or, as far as I know,
even in development.
The battery can last more than twice as long as a conventional
alkaline battery, is cheaper to build, more powerful, totally harmless
to the environment, & recyclable. Since it can be made in multiple-layer
thin-sheet form & molded in almost any shape, it therefore can serve
as a structural part of the device being powered. This gives it
the added advantage of not adding any additional weight to the device.
The initial application will probably be laptop computers. The
R&D is just about completed, & the effort now is directed to production
engineering to get the technology into its commercialization phase.
I would guess product deliveries could begin by the end of this
coming year. If this technology works as well as it looks to me,
this situation will be a long-term winner about as good as Microsoft
or Intel was. Call CEO Richard A. Szymanski @ 281-445-0020, fax
281-445-0022, or write 340 North Sam Houston Pkwy., Suite 250, Houston,
TX 77060. www.internetstockmarket.com/redox [R-6; M-7; L-9]
Shopss.com, Inc. (OTC Bulletin Board/SHPS) was trading at
5-1/2 when I wrote this 11/15/99. It just started trading Monday,
11/8/99 after its spin off from One Stop.com, Inc. (OTC Bulletin
Board/OSCR), which I covered in another Sneak this month.
OSCR sold Shopss.com, Inc., its e-commerce subsidiary, which operates
www.shopss.com. That subsidiary reported new orders of $60 million,
revenues of $20 million, & net income of $6 million for the quarter
ended 9/30/99.
OSCR sold it to AMCI International, Inc. (OTC Bulletin Board/AMMN),
a fully reporting 12g company, which changed its name to Shopss.com,
Inc., now trading as SHPS.
SHPS consists of two operations: (1) www.shopss.com, a virtual
shopping mall that enables shoppers to buy all sorts of consumer
goods, electronics, & books on the Internet; & (2) CCM Computer
Accessories, Inc., which assembles computers & owns & operates customer
fulfillment centers that function as warehouses & shipping facilities
for products ordered at the virtual mall.
See my Sneak this month on OSCR for the terms of the sale to AMCI.
My opinion is that the value of Shopss.com, Inc. will move up based
on: (a) What it has already accomplished; (b) The fact that it is
adequately financed; & (c) Management's aggressive posture.
Shopss.com announced 11/12/99 the opening of its second shopss.com
Internet shopping store in Tel Aviv, Israel. SHPS also announced
it is now offering online & on-site auctioning. Each day it will
auction various items, including new cars, electronics, & groceries.
Customers can bid on items at www.shopss.com starting in about a
week, or on the shopss.com web site in Israel. Management expects
to open three additional stores in Israel this month, more next
year.
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I looked at www.shopss.com on 11/13/99 & was impressed with the
variety of products available, including all kinds & brands of coffee
in the grocery store section, & the many products in other parts
of the grocery category, in the health store area, etc. Look at
the free computer deal the site offers -- I'd do it if we didn't
already have four computers.
Check this one out. Call James H. Post @ Edelman PR @ 212-704-4473,
or e-mail: jim_post@edelman.com
Update Briefs
This section does not include information from all the news releases
I receive on situations I have covered in past Recommen-dations
or Sneak Previews. If you hold such stocks, please go to www.WallStreetCorner-.com
& use "Financial Navigator." Click the "Go Search" button at the
right of the home page. Then type in the symbol of the company.
You'll get the current price & volume, & can usually get anything
else you want from the pull down menus. I include updates on only
a few situations. I do not have room for much detail, but include
contact information.
Actrade International Ltd. (NASDAQ/ACRT -- CS Sneak 10/95
& 1/99) reported Q4 (6/30/99) gross sales of $71.1 million, up 138%
from Q4 1998. Net income was about $2.3 million, up 82% over Q4
last year. For the year ended 6/30/99, sales were about $208 million,
up 111%, with net income $6.2 million, up 41%.
COO Alexander C. Stonkus pointed out notable developments in FY
1999: (1) A $25 million securitization funding facility with ING
Barings; (2) A new $15 million credit facility with Summit Bank;
(3) A new $5 million credit facility with Bank of Montreal; (4)
Engagement of ING Barings as a financial advisor & investmentbanker;
& (5) Relocation of Actrade Capital to new offices in Somerset,
NJ.
Stonkus stated: "Actrade has now completed 13 consecutive
quarters of growth in both gross sales & net income. We have invested
heavily in the expansion of our infrastructure to ensure the seamless
& continued strong growth of our TAD program. We expect this major
investment to yield strong operating results in FY 2000 & beyond.
As our company enters the new millenium, we believe the `Third Payment
Option' will successfully capture the minds of more & more major
corporate leaders around the world."
Call Jonathan Fichman, IR, @ 732-868-3100 x205, fax 732-868-1121,
or write 200 Cottontail Lane, Vantage Court South, Somerset, NJ
08873. www.actrade.com. [R-8; M-7; L-8]
American Bio Medica Corp. (NASDAQ/ABMC -- CS Sneak 12/98)
announced it was granted a utility patent for the company's Rapid
Drug ScreenTM family of on-site tests for substances of abuse. "This
utility patent is a tremendous addition to our portfolio of international
patents
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