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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.
Actrade International Ltd. (NASDAQ/ACRT -- CS Sneak 10/95
& 1/99) reported record results for Q3 '99. For 3 months ending
3/31/99, sales increased 107% to $52.9 million vs. Q3 '98. EPS was
$0.19 compared to $0.13 for the same period last year. Call Mitch
Menik @ 212-563-1036; fax 212-563-3271, or write 7 Penn Plaza, Suite
422, New York, NY 10001. www.acrt.com [R-7; M-7; L-8]
Advantage Marketing Systems, Inc. (NASDAQ/AM-SO -- CS 3/99)
announced Q1 '99 earnings increased 65.5%. Net income was $230,431
or $.05/share vs. $139,218 or $.03/share for the same period last
year. Call 800-426-4267 (ext 4916 for Curt Wilson, or ext. 4903
for Roger Baresel), fax 405-843-4935, or write 2601 NW Expressway,
Suite 1210W, Oklahoma City, OK 73112 [R-8; M-8; L-9]
Coyote Sports, Inc. (NASDAQ/COYT -- CS 9/98) received a
commitment for $35 million revolving credit which will, among other
uses, help retire the debt incurred in the forthcoming merger with
Royal Precision, making it the 2nd largest golf shaft manufacturer
in the industry. Call president Jim Probst @ 303-417-0867, fax 303-933-6609,
or write 2291 Arapahoe Ave., Boulder, CO 80302. [R-7; M-7; L-8]
The Eastern Company (AMEX/EML -- CS Sneak 2/99) announced
Q1 net income of $1.5 million, or $0.61/share, up from $1.3 million,
or $0.50/share in Q1 1998. 1998 year net income was $5.4 million
or $2.24/share vs. $3.7 million or $1/40/share for '97. A 10% dividend
increase & a 3-for-2 stock split will be effective 6/15/99. Call
John Dibble @ 203-729-2255 X241, fax 203-723-8653, or write P.O.
Box 460, Naugatuck, CT 06770-0460. www.easterncompany.com [R-8;
M-7; L-8]
Infinite Group, Inc. (NASDAQ/IMCID --CS Sneak 5/97) announced
net income for Q1 '99 of $3,117,405 or $1.22/share vs a net loss
of ($417,169) or ($0.18)/share for the same period '98. Call @ 401-738-5777,
fax 401-738-6180, or write 2364 Post Rd, Warwick, RI 02886. [R-6;
M-6; L-8]
Veronex Technologies, Inc. (OTC Bulletin Board/VXTK -- CS
8/98) announced two new strategic alliances for its I|Nova System:
one with Luoma Energy Services, a provider of enterprise solution
services to the electric & gas utility industries; the other with
Consolidat-ed International Technologies, Corp., a wholly owned
subsidiary of World Wide Venture Partners, LLC. Call David Wooldridge,
IR @ 800-500-3379, or write 18023 Sky Park Circle, Suite E-2, Irvine,
CA 92614. www.veronex.com. [R-7; M-8; L-9]
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Ladd Furniture, Inc. (NASDAQ/LADF -- CS Sneak 6/97) announced
a 52% increase in net earnings for Q1 '99 from $2.4 million or $0.30/share
to $3.6 million or $0.45/share. Call @ 800-758-5804 Ext 501325 or
write 4620 Grandover Pkwy., Box 26777, Greenboro, NC 27417-6777.
[R-7; M-7; L-7]
Possis Medical, Inc. (NASDAQ NMS/POSS -- CS 7/97) announced
$6 million in private financing to support the expansion of sales
anticipated with the FDA's approval of its Angiojet(R) Thrombec-tomy
System for use in coronary arteries. Call CEO Robert Dutcher @ 612-780-4555,
or write to 9055 Evergreen Blvd, Minneapolis, MN 55433. [R-8; M-7;
L-8]
Raytec Capital Corp. (VSE/RCC.V -- CS Sneak 9/95) launched
its ShrinkGUARDTM & OdorGUARDTM products at the recent Food Marketing
Institute Trade Show in Chicago where they were enthusiasti-cally
received. Call Ron Birch @ 800-533-6663 or 604-683-8610, fax 604-683-4499,
or write 750 West Pender St., Suite 1104, Vancouver, B.C. Canada
V6C 2T8 [R-6; M-7; L-8]
SciClone Pharmaceuticals, Inc. (NASDAQ/SCLN -- CS 5/98)
announced that sales of ZADAXIN increased 185% in Q1 '99 vs. the
same period last year. Call Sr. VP Shawn Singh @ 800-724-2566 or
650-358-3456 or write to 901 Mariner's Island Blvd, San Mateo, CA
94404. [R-5; M-6; L-8]
Technor International Inc. (OTC Bulletin Board/TNOR -- CS
9/98) announced an agreement with Tele2 in Sweden for implementa-tion
of services built on TNOR's CellPoint GSM positioning technology.
This is Tele2's first launch in a series built on positioning of
cellular phones. Call TNOR's North American representative, Anthony
Castagno, The Rowe Group @ 877-880-1195, e-mail ajc@rowe-group.com,
or write Industrivagen 2, S-19162 Sollentuna, Sweden [R-6; M-7;
L-8]
Thermo TechTM Technologies Inc. (OTC Bulletin Board/TTR-IF
-- CS 3/94) announced major management changes: Kevin Simpson is
appointed to the board & assumes the roles of president & CEO; Rene
Branconnier will remain on the board & will be actively involved
as a consultant; Wayne Hansen, CFO is appointed to the board; the
balance of the board will be replaced. Call Lyle Veillet @ Thermo
Tech @ 800-377-5085 or 604-534-5085; or write 20436 Fraser Hwy,
Langley, B.C., Canada V3A 4G2. [R-6; M-7; L-8]
USA Video Interactive Corp. (OTC Bulletin Board/USVO & Alberta/US
-- CS 8/93) announced several new partnerships:
1. With Phoenix Learning Group, which has a catalog of more than
5,000 educational titles & provides films, videotapes, CD-ROMs,
& multimedia programs to a variety of worldwide markets including
TV stations & networks, cable systems & networks, instructional
TV, school systems, public libraries, businesses, & others.
2. With Lucerne Media, which offers over 1,000 programs in such
areas as Guidance, Health, Social Services, & Language Arts.
3. With Motion Inc., an independent film & video company.
4. With UUNET, an MCI WorldCom company, to collaborate in providing
an overall package of Internet services.
Call IR Kevin Yorio @ 800-625-2200, fax 860-572-2960, or write
70 Essex St., West Mystic, CT 06388 [R-5; M-7; L-8]
WelcomeTo Search Engine Inc. (OTC Bulletin Board/WKWG --
CS Sneak 1/99) announced enhancements to simplify the search process
for consumers & small businesses using its regional portals. They
facilitate searches by region, business category, company name,
or zip code. Call Pres. Brent Forgeson @ 877-MAX-EXPO, fax 604-664-0223,
or write 555-425 Carroll St., Vancouver, B.C. Canada V6B 6E3. You
can also call WKWG'S IR firm, Dunhill Int'l @ 800-930-3242. www.welcometosearch.com
[R-6; M-7; L-8
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