| To: Sergio H who wrote (96) | 12/24/1998 2:23:00 PM | | From: P.E. Allen | | | |
The thirty day chart on this one shows every indication that shortly there is going to be a BREAKOUT on this stock.
Suprised that there is so little posting to this thread.
I guess this is one of those undiscovered stocks that you want to own before Wall Street and the day traders get wind of it.
Another tip from your Uncle Ernie!!!!!!!!! |
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| To: P.E. Allen who wrote (98) | 12/26/1998 8:38:00 AM | | From: P.E. Allen | | | |
| ------ | Respond |
To: P.E. Allen (97 )
From: P.E. Allen Friday, Dec 25 1998 10:40PM ET
Reply # of 98
This company looks to good to be selling at these prices.
Is there a run coming on this one like on NSOL, UBID, etc
stocksheet.com
Another tip from your Uncle Ernie!!!!!!!
CORRECTION OF PRIOR POST |
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| To: JanyBlueEyes who wrote (94) | 12/29/1998 8:36:00 AM | | From: JanyBlueEyes | | | |
News - Acquisition
The Source Information Management Company Agrees to Acquire Canadian Rebate Company
ST. LOUIS--(BUSINESS WIRE)--Dec. 29, 1998--The Source Information Management Company (NASD:SORC) today announced that it has entered into a letter of intent to add Promark's business to Source's Canadian business.
Promark, a Toronto-based magazine rebate company, currently services the majority of retail companies in Canada not currently serviced by the Source. The Source has agreed to pay $1.25 million Canadian for all the assets and assume specified liabilities of Promark. Promark currently has approximately $800,000 Canadian in annual revenues. "This acquisition will compliment our operation in Canada which heretofore has been marginally profitable. The combined operations will now have approximately $1.2 million Canadian in revenues and are anticipated to be accretive to earnings.
This acquisition will now give us the critical mass to introduce SourcePro, our front-end management program, and ICN, our internet communication program, to the majority of retailers in Canada," said S. Leslie Flegel, Chairman of the Source. The acquisition is expected to close in early January 1999.
The Source Information Management Company provides front-end rebate collection and information services to approximately 825 retailers in the United States and Canada via nine offices throughout the continent........
SAFE HARBOR STATEMENT:
The information contained in this release includes statements regarding matters which are not historical facts (including statements regarding the plans, beliefs or expectations of The Source Information Management Company) which are forward-looking statements.......
CONTACT: The Source Information Management Company, St. Louis
W. Brian Rodgers
(314) 995-9040 |
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| To: JanyBlueEyes who wrote (101) | 1/12/1999 8:46:00 AM | | From: JanyBlueEyes | | | |
News - Aquisitions Done
The Source Information Management Company Announces Closing of Acquisitions of Brand Manufacturing Company and Yeager Industries, Inc.
ST. LOUIS--(BUSINESS WIRE)--Jan. 12, 1999--The Source Information Management Company (NASD:SORC) ("Source") announced today that it has closed the previously-announced acquisitions of U.S. Marketing Services, Inc. ("U.S. Marketing"), parent company of Brand Manufacturing Corporation ("Brand") and its affiliated companies, and of Yeager Industries, Inc. ("Yeager").
Brand and Yeager both design and manufacture in-store merchandising units and point-of-purchase displays for retail store chains. Brand's affiliates include The Vail Companies, Inc., which contracts for removal of old fixtures, and T.C.E. Corporation, which is an in-house trucking company shipping front-end fixtures throughout the United States.
U.S. Marketing was acquired in a merger transaction by a subsidiary of Source for 1,926,719 shares of Source common stock and 1,473,281 shares of Series A Convertible Preferred Stock ("Series A Preferred") of Source. The Series A Preferred will be convertible into an equal number of shares of Source common stock upon receipt of shareholder approval of the conversion; if shareholder approval is not received, the Series A Preferred will be convertible into demand debt of Source aggregating $11,388,462. Source will seek shareholder approval of the conversion into Source common stock as soon as practicable. All common shares issued pursuant to the U.S. Marketing transaction (including shares issuable upon conversion of the Series A Preferred) are subject to a one-year lock-up agreement with Source. 1,779,383 of such shares held by the former principal shareholder of U.S. Marketing, and 1,360,617 of the common shares issuable upon conversion of the Series A Preferred, are subject to a two-year voting agreement in favor of Leslie Flegel, Chairman of the Board and Chief Executive Officer of Source, to vote on election of directors and certain other matters; the voting agreement does not cover certain fundamental matters such as mergers, tender offers, sales of assets and the like. The voting agreement will be earlier terminated if the shareholder holds less than 10% of the outstanding common stock of Source.
In the Yeager transaction, Source acquired the assets and assumed the operating liabilities of Yeager for $707,718 cash and 164,289 shares of Source common stock. In addition, Source repaid approximately $1,642,282 of Yeager debt at closing. The cash portion of the consideration may be increased by an aggregate of not more than $500,000 based upon performance of Yeager in fiscal 2000 and 2001. After closing, neither U.S. Marketing nor Yeager had any outstanding
indebtedness.
James R. Gillis, former Chief Executive Officer of Brand, has been elected President of Source with primary responsibility for Source's front-end fixture subsidiaries. Mr. Gillis will report to William Lee, who is now Vice-Chairman and Chief Operating Officer of Source.
Source hopes to complete the acquisition of MYCO, Inc. ("MYCO") by the end of January, 1999 and of Chestnut Display Systems, Inc. and Chestnut Display Systems - North, Inc. (collectively, "Chestnut") as soon as practicable after completion of the audit of Chestnut's December 31, 1998 financial statements. Source has previously announced Letters of Intent to acquire assets and assume liabilities of MYCO and Chestnut, which, like Brand and Yeager, are front-end fixture companies. The acquisitions of MYCO and Chestnut remain subject to negotiation of definitive agreements, due diligence and other customary conditions.
The Source Information Management Company provides front-end rebate collection and information services to approximately 825 retailers in the United States and Canada via nine offices throughout the continent. The Company's innovative technology and systems have enabled an expansion of its core retail display allowance business, bringing to the market both front-end management and interactive communications between vendors and retailers. With the acquisitions of Yeager Industries, Inc. and Brand and Affiliates, and the planned acquisitions of MYCO, Inc. and Chestnut Display, Inc., Source will provide front-end fixture manufacturing, shipping and disposal of old fixtures, thus expanding service capabilities to its retailer and vendor clients.
SAFE HARBOR STATEMENT:
The information contained in this release includes statements regarding matters which are not historical facts (including statements regarding the plans, beliefs or expectations of The Source Information Management Company) which are forward-looking statements......
CONTACT: The Source Information Management Company
W. Brian Rodgers, 314/995-9040 |
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| To: JanyBlueEyes who wrote (102) | 2/3/1999 8:05:00 AM | | From: JanyBlueEyes | | | |
News: Add'l $17 Million Credit
The Source Secures Additional $17 Million in Credit Facilities
ST. LOUIS, Feb. 3 /PRNewswire/ -- The Source Information Management Company (NASDAQ:SORC) announced today it has secured an additional $17 million in credit term facilities from Wachovia Bank, based in Winston-Salem, North Carolina. The financing will be used to complete acquisitions and to execute the purchase of the Company's current operations center located in HighPoint, North Carolina.
The Source Information Management Company currently has a $15 million revolving line of credit that will remain in place. The Company uses the line to fund its Advance Pay Program and other developmental projects. Historically, the Company pays off the line in full, each quarter.
The Company has also negotiated a $4.07 million letter of credit with Wachovia Bank to secure debt related to the recent acquisition of a 350,000 square foot manufacturing facility in Rockford, Illinois, as part of the Company's recent acquisition of MYCO, Inc. The total debt facility is now approximately $36 million.
Commenting on the enhanced relationship with Wachovia, Leslie Flegel, Chairman and Chief Executive Officer of The Source, said, "The extension of our credit facilities with Wachovia is in line with our strategy to aggressively acquire businesses which will enhance our position as a leading 'infomediary' company which facilitates publishers and other front-end vendors to conduct business with retailers efficiently and profitably based on the transmission of critical information."
The Source Information Management Company provides front-end rebate collection and information services to approximately 825 retailers in the United States and Canada via nine offices throughout the continent. The Company's innovative technology and systems have enabled an expansion of its core retail display allowance business, bringing to market both front-end management and interactive communications between vendors and retailers. The Company also provides front-end fixture manufacturing, thus expanding service capabilities to its retailer and vendor clients.
The information contained in this release includes statements regarding matters which are not historical facts (including statements regarding the plans, beliefs or expectations of The Source Information Management Company) which are forward-looking statements..... |
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| To: JanyBlueEyes who wrote (103) | 2/17/1999 8:21:00 AM | | From: JanyBlueEyes | | | |
News - Great Response to Interactive Communications Network (ICN)
Source Information Management Signs, Links 15 Major Publishers 50 Key Retailers in New Internet Commerce Network
Source's ICN Network Gives Publishers and Retailers Powerful Infomedia Tool; E-Commerce Revolutionizes Business-to-Business Interactivity, Increases Efficiency
Proprietary System Includes 569 Magazine Titles, Is Expandable to Other Merchandise
ST. LOUIS, Feb. 17 /PRNewswire/ -- The Source Information Management Company (NASDAQ:SORC) said 15 major publishers, representing 569 magazine titles, have contracted to use the company's ground-breaking internet Interactive Communications Network (ICN) enabling two-way commerce between publishers and retailers throughout North America. Some of the major publishers include Time, Hearst, Ziff Davis, American Media, Times-Mirror, Wenner Media and Globe Communications.
Source Chairman Leslie Flegel said, "ICN is receiving extraordinary acceptance from publishers and retailers because the network marries the internet with Source's proprietary software and information base -- the Periodic Information Network -- creating a powerful e-commerce interactivity tool and elevating e-commerce to a new level. We are pleased to be leading that advance."
More Publishers, Retailers Expected to Join Network
Flegel said that within coming months indications are Source will sign up many more publishers, and it already is adding significant numbers of major retailers to the 50 key retailers already on line. Retailers already on line include Kmart, King Soopers, A&P, Rite-Aid, Southland, Eckerd's and Walgreens.
Source said ICN enables a range of critical pricing and planning steps to be automated. Through the ICN system, retailers can automatically download constantly changing magazine prices, order new titles, instantly take advantage of special promotions, and easily change orders to meet local and chain-wide needs. Publishers can promote special targeted incentives, advertise and display special editions, new publications, and coming covers which may be attractive to certain retailers in regional markets. It also provides specific sales information by title on a chain-by-chain basis.
ICN originally was developed to enable retailers to accurately receive constantly changing Uniform Product Codes created by a variety of factors, including price changes and new title introductions. It also enabled retailers to better manage "authorized list" updates. It has evolved into a comprehensive category-management tool for all components of the magazine industry. Retailers on average go to The Source site several times each day to download the price changes, and now are accessing it more frequently to acquire other information as well.
ICN also is a "one-click" system. As a result, any change made by a retailer automatically is routed to all applicable wholesalers, publishers and national distributors, regardless of whether they subscribe to ICN. The system also enables publishers, wholesalers, national distributors and retailers to communicate via e-mail without maintaining an e-mail address book.
Source's ICN includes encryption systems so that competing vendors or retailers cannot view each others proprietary information. "All these attributes immediately create efficiencies and profitability at
both retailers and publishers," Flegel said.
Source said it will receive annual fees from each publisher, as well as other fees such as from advertising, promotions, and special programs.
Leadership Position Leveraged to Build Web-Based Information Exchange
Flegel also said Source "is in an exceptionally advantageous position to establish the network because of our long relationships with publishers and retailers. Source has been the major intermediary for sales rebates which flow from publishers and retailers, as well as the largest manufacturer of front-end display racks located at checkout counters, representing about 60 percent of all front-end manufacturing."
ICN, Flegel said, facilitates negotiations between retailers and publishers, and other manufacturers for coveted positions on checkout counter racks since position often determines impulse buying at the counters, and, therefore, is very competitive.
"We have leveraged our leadership positions to build a web-based information exchange and interactive e-commerce solution for retailers and a wide array of vendors," Flegel said.
"Much of the information, such as the rack manufacturing schedules, planograms, and shipping and arrival dates is proprietary to The Source."
System Adaptable to Other Merchandise; Active Talks Being Held
Source can easily adapt ICN to other vendors who sell products from racks at checkout counters.
The company is in active talks with major manufacturers of confectionaries and general merchandise products such as batteries, razors and film about adapting ICN to their needs and signing them as clients.
Flegel explained, "ICN takes the relationship between publishers and retailers out of the present dark-age environment in which neither knows what is selling on a timely basis, what new magazines, special editions or incentives are available, or when retailers are changing rack configurations." Retailers typically change racks every three years in all their stores.
"Publishers historically haven't known on a timely basis when a retailer has decided to discontinue a title, and couldn't react quickly to product deletion. That all changes with ICN because subscribing publishers are alerted immediately through the ICN network via automatic e-mail."
Source is an innovative "infomediary" company which provides front-end rebate collection and information services to about 825 retailers in the United States and Canada through nine offices. It also is the largest manufacturer in North America of display racks located at checkout counters. From its base businesses, knowledge and relationships in retailing and publishing, Source has evolved into an internet-based company through its ICN communication network which uses innovative, state-of-the-art technology to give retailers and their vendors a cutting-edge system for communicating and conducting e-commerce.
The information contained in this release includes statements regarding matters which are not historical facts (including statements regarding the plans, beliefs or expectations of The Source Information Management Company) which are forward-looking statements....... |
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