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   Non-TechThe Source Information Mgmt Co.(SORC)


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To: vampire who wrote (64)3/5/1998 2:34:00 PM
From: Lost1
   of 121
 
GIRLS, GIRLS-----"Over here guys...CATFIGHT!!!!"

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To: Lost1 who wrote (65)3/19/1998 1:36:00 PM
From: Gurupup
   of 121
 
Seems their business is going very well. There could be further additions to the bottom line for this year in the foreseeable future. My price target is going up to $12-15 in 12 months

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To: Gurupup who wrote (66)4/8/1998 2:01:00 PM
From: JanyBlueEyes
   of 121
 
News - 4th Quarter Earnings

The Source Information Management Company Continues Consecutive Record Quarter Results

ST. LOUIS--(BUSINESS WIRE)--April 8, 1998--The Source Information Management Company (NASDAQ:SORC) today announced its fifth successive record quarter for revenue and net income.

Net income for the fourth quarter ended January 31, 1998, was $622,199, a 65% increase over the previous record 3rd quarter results of $377,256 and a 159% increase over the comparable fourth quarter from the past year.

Revenue for the quarter was $3,392,062, an increase of 15% over the 3rd quarter and a 39% increase over the corresponding quarter from last year.

The Company had net income of $1,589,008 ($.22 per share) for the year ended January 31, 1998, as compared to a loss of $603,317 ($.11 per share) last year.

Revenue grew to $11,803,844, versus $7,298,447 for the previous year, an increase of 62%.

These results reflect the continuing development of various improved service programs the Company provides for its retailer clients. The Company has now completed its consolidation of all acquisitions into its High Point operation and has successfully expanded its Advance Pay and Front-End Management programs.

The Company plans to introduce newly developed technology for its Front-End Management program in May of this year. This technology will enable retailers to see 3-D imaging of checkout configurations that will instantly calculate the potential earnings of each configuration based on historical data.

The Source is a leading provider of periodical information and related marketing services to hundreds of retail chains in the grocery, convenience, mass merchandise, and pharmacy industries. Their integrated software system is designed to efficiently and accurately monitor sales of high volume consumer products primarily to optimize sales incentive payments offered by manufacturers.

CONTACT: The Source Information Management Company
W. Brian Rodgers, 314/995-9040

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To: Gurupup who wrote (66)4/8/1998 2:03:00 PM
From: JanyBlueEyes
   of 121
 
4th Quarter Earnings Table

Quarter Ended Jan. 31, 1998 Jan. 31, 1997

Revenues $3,392,062 $2,439,759
Net Income 622,199 239,813
Avg. Shares 8,290,369 5,946,659
Shr. Earns:
Net Income .08 .04

Year Ended

Revenues $11,803,844 $7,298,447
Net Income 1,589,008 (603,317)
Avg. Shares 6,693,666 5,557,223
Shr. Earns:
Net Income .22(a) (.11)

(a) Includes a nonrecurring charge of $109,000

Condensed Summary Balance Sheet at January 31, 1998

Current Assets $19,101,446
Non-current Assets 4,213,723
-----------
Total Assets 23,315,169

Current Liabilities 2,113,399
Non-current Liabilities 8,707,057
Total Liabilities 10,820,456

Equity $12,494,713


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To: Gurupup who wrote (66)4/8/1998 2:16:00 PM
From: JanyBlueEyes
   of 121
 
Phone # For Conference Call Today

This afternoon at 4:30 eastern time.

Phone: 888-422-7132

access #: 5511033

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To: JanyBlueEyes who wrote (69)5/16/1998 10:09:00 AM
From: JanyBlueEyes
   of 121
 
ST. LOUIS--(BUSINESS WIRE)--May 15, 1998--The Source Information Management Company (NASDAQ:SORC) today announced the filing of a registration statement with the Securities and Exchange Commission in connection with an offering of 2,000,000 shares of common stock.

Of the 2,000,000 shares being offered, 1,500,000 are being offered by the Company and 500,000 shares are being offered by certain shareholders of the Company. The offering will be underwritten by Donald & Co. Securities, Inc. of New York, New York, and is expected to commence during the middle of June.

The proceeds of the offering will represent new financing and will be used to expand the Company's Advance Pay Program, to possibly acquire one or more businesses, and to develop new or enhanced products and services. In connection with this distribution of shares, certain shareholders will grant Donald & Co. the option to purchase up to an additional 300,000 shares of common stock to cover over-allotments, if any.

The Source is a leading provider of periodical information and related marketing services to hundreds of retail chains in the grocery, convenience, mass merchandise, and pharmacy industries. Their integrated software system is designed to efficiently and accurately monitor sales of high volume consumer products primarily to optimize sales incentive payments offered by manufacturers.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

Requests for a prospectus should be directed to W. Brian Rodgers at
11644 Lilburn Park Road, St. Louis, Missouri 63146, 314/995-9040.

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To: JanyBlueEyes who wrote (70)6/11/1998 10:30:00 PM
From: JanyBlueEyes
   of 121
 
NEWS - TRADING ON NASDAQ NATIONAL TO BEGIN

ST. LOUIS--(BUSINESS WIRE)-- June 11, 1998--The Source Information Management Company (NASDAQ:SORC), a St. Louis based service provider of information gathering, consulting and other information based services to operators of mass merchandise, grocery, convenience and pharmacy stores, today announced that the Company has been approved as a National Market security, and will begin trading on the Nasdaq National Market system on Friday June 12, 1998.

The Company previously traded on the Nasdaq SmallCap Market.

The Source Information Management Company currently provides monitoring and documentation services to approximately 725 retailers, such as Wal-Mart stores, Inc., K-Mart Corporation , Target Stores, Inc., Food Lion, Inc., and W.H. Smith, Inc., in connection with processing and collection of incentive payments from magazine publishers on single copy sales of approximately 6,000 magazine titles offered in more than 65,000 stores.

Actual results may differ materially from "forward-looking" statements......

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To: JanyBlueEyes who wrote (71)6/15/1998 10:05:00 PM
From: JanyBlueEyes
   of 121
 
News - Public offering

ST. LOUIS--(BUSINESS WIRE)--June 15, 1998--The Source Information Management Co. (NASDAQ:SORC) today announced that it has commenced a public offering of 2,000,000 shares of Common Stock, including 500,000 shares offered by certain shareholders of the company, at a price of $6.00 per share pursuant to a registration statement declared effective by the Securities and Exchange Commission on June 15, 1998.

Donald & Co. Securities Inc. is managing underwriter for the offering. The Source's Common Stock is quoted on the Nasdaq National Market under the symbol "SORC."

Net proceeds of approximately $7.9 million from the sale of shares of common stock will be used to expand The Source's Advance Pay Program, finance potential acquisitions, develop new or enhanced products and services, and provide working capital for general business purposes, including the continued upgrade of The Source's computer systems.

The Source provides information-gathering, consulting and other information-based services to operators of mass merchandise, grocery, convenience and pharmacy stores located throughout the United States and Eastern Canada....

This announcement is neither an offer to sell nor a solicitation of an offer to buy these securities. Any offer is made only by the Prospectus, copies of which can be obtained from Donald & Co. Securities Inc., 65 East 55th Street, New York, N.Y., 10022 and such other dealers as may lawfully offer these securities.

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To: JanyBlueEyes who wrote (72)6/16/1998 1:39:00 PM
From: JanyBlueEyes
   of 121
 
News - Earnings

ST. LOUIS, Mo.--(BUSINESS WIRE)--June 16, 1998--The Source
Information Management Company (Nasdaq-SORC) today announced its sixth
successive record quarter for revenue and net income
.

Net income for the first quarter ended April 30, 1998 was
$726,647 a 17% increase over the previous record 4th quarter results
of $622,199 and a 184% increase over the comparable first quarter from
the past year. Revenue for the quarter was $3,595,202 an increase of
6% over the 4th quarter and a 42% increase over the corresponding
quarter from last year.
*T

Quarter Ended Apr. 30, 1998 Apr. 30, 1997

Revenues $3,595,202 $2,527,879
Net Income 726,647 256,127
Avg. Shares 8,499,070 5,823,777

Shr. Earns:

Net Income .09 .04

Condensed Summary Balance Sheet at April 30, 1998

Current Assets $21,505,951
Non-current Assets 4,228,736
-----------
Total Assets 25,734,687

Current Liabilities 3,116,385
Non-current Liabilities 9,385,283

Total Liabilities 12,501,668

Equity $13,233,019

*T

These results reflect the continuing development of various
improved service programs the Company provides for its retailer
clients. The Company has now completed its consolidation of all
acquisitions into its High Point operation and has successfully
expanded its Advance Pay and Front-End Management programs
.

The Company introduced newly developed technology for its Front-End

Management program called SOURCEPRO in June of this year. Front-End
Management now has over 10,000 stores under contract, up from 2,000 stores
since October 1997
. This technology enables retailers to see 3-D imaging
of checkout configurations and instantly calculate the potential earnings of
each configuration based on historical data
.

The Source is a leading provider of periodical information and
related marketing services to hundreds of retail chains in the
grocery, convenience, mass merchandise, and pharmacy industries. Their
integrated software system is designed to efficiently and accurately
monitor sales of high volume consumer products primarily to optimize
sales incentive payments offered by manufacturers.

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To: JanyBlueEyes who wrote (73)6/17/1998 12:15:00 PM
From: Tensane 1
   of 121
 
Jane,

Seems that this company continues to show that they are truly a growth company, accelerating their earnings, increasing their market share, increasing their markets, etc.

Couple of questions, this private offering, with their current asset to current liability ratio so good, why not generate cash from within, why do a secondary, and why the 500,000 sold by insiders on this deal? I could speculate that they have a target for acquisition, or they have a new product to roll out, and need cash to assist in rolling out the new product, but thought I'd ask your opinion.

No one can dispute their growth, but it has been my experience that it usually takes time for the market to accept a secondary offering unless the money is immediately utilized.

Kevin

P.S. It's a lot more fun discussing the business at hand, instead of defending your dignity, isn't it, it's been a tough couple of weeks.

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