| To: mark fuller who wrote (1) | 4/7/1999 7:40:00 AM | | From: Dave Sullivan | | | |
Unlike other internet plays, SLNN had $6,000,000 in 1998 revenues and is projected to have $20,000,000 1999 revenues...increasing to $120,000,000 by year 2002. (Only has 1,600,000 share float with 12,000,000 outstanding)
These dollar figures according to the website are in singapore denominations an must be divided by 1.738 to get US conversion correct? |
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| To: Dave Sullivan who wrote (2) | 4/7/1999 9:09:00 AM | | From: mark fuller | | | |
Dave:
I took this information off the SHAL webb site under the SLNN fact sheet. You are correct, these revenue figures are in Singapore denominations (1.738 SGD per $1.00 USD).
After conversion:
1998 $3,452,243
1999 $11,507,479
2002 $69,044,879
Thanks for the clarity.
I will call the Company today to ask about earnings.
Mark F. |
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| To: Francois Goelo who wrote (7) | 5/2/1999 12:53:00 PM | | From: architect* | | | |
Francois,
in the middle is Sara's version
1998 profits $6 million on 12 Million O/S,
there are *those guys* on the Sara thread that question information issued by Sara on one of their own IPO's, cheers John
from SLNN website
SolutionNet International, Inc.
Fact Sheet – April 6, 1999
(OTCBB: SLNN)
Corporate Structure:
Total Shares Outstanding: 12,175,000
Float: 1,675,000
Warrants: 1,000,000 @ $5.00 per share
Company Subsidiaries: SR Singapore Pte., Inc. 100%
Corporate Offices:
Marina del Rey: Head Office
San Jose (Silicon Valley): US Development Office
Singapore: Programming Development Center
India: Sub Contracting and Programming
Farmington Hills: Marketing (Eastern USA)
Australia: Marketing
Products: SolutionNet Focuses on Two Important IT (Information Technology) Solutions, which are both Platform Independent, Capable of incorporating Smart-Card Technology, and which utilize State-of-the-art "thin-client" Browser Technology.
E-NET Internet Banking (Electronic Banking): Internet-based, fully secured, online banking system which provides the bank's corporate clients with convenient and secure access to their accounts around the world and around the clock. Banks can also use E-NET for sharing information between branches.
E-NET Internet Banking was nominates by Oracle Systems S.E.A. Ltd. for the 1998 National IT Awards.
EMI (Electronic Medical Information): Enables the healthcare industry to apply Information Technology to provide better and more meaningful service through the unification of both clinical and administrative information, drastically reducing massive costs, repetitive work, and the burden of paperwork on the patient.
EMI features: Clinic Administration, Billing System, Electronic Medical Records, Telemedicine Support, Medical Analysis & Reporting System, Systems Administration, Smart Card Access, and Security.
Services: SolutionNet is also a full service consulting and programming house providing end-user Internet Technologies, ERP Solutions, Y2K Conversions, Multimedia Applications, Technology Integration and Systems Integration, Offshore Resource and Consultant Training.
Other: SolutionNet and its subsidiary SR Singapore, Pte. Ltd. are internationally renowned for there high quality IT (Information Technology) solutions, focused towards the integration of the Internet with the Banking, Medical, Finance and Telecommunications industries
Partial Current Institutional Clients Include:
Citibank N.A. Johnson & Johnson
Sun Microsystems Commerz Bank
COMPAQ Asia Pte. Ltd. Western Digital Pte Ltd.
ABN AMRO Bank Deutsche Bank, AG, Singapore
Siemens Components Pte. Ltd. Credit Suisse First Boston Bank
Revenue: SolutionNet International, Inc.
Numbers are actual numbers based on a past and present consolidated figures from SolutionNet, International, Inc. and SR Singapore Pte., Ltd
.
1995: 53,000 SGD (Audited)
1996: 1,222,950 SGD (Audited)
1997: 2,600,000 SGD (Audited)
1998: 6,000,000 SGD (Currently being Audited)
1999: 20,000,000 SGD (Projcted)
2000: 40,000,000 SGD (Projcted)
2001: 80,000,000 SGD (Projcted)
2002: 120,000,000 SGD (Projcted)
* SGD denotes Singapore Dollars
* $1.738 SGD per $1.00 USD
The contents of this report are the opinions of the management of Sara Hallitex Corporation and have not been reviewed or approved by any Securities Exchange Commission or other regulated agency. Statements in this release are made pursuant to the ‘Safe Harbor' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risk and uncertainties, including without limitation, continued acceptance of the Company's services, increased levels of competition for the Company and dependence on the performance of the Management of the Company.
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| To: Francois Goelo who wrote (7) | 5/2/1999 1:40:00 PM | | From: architect* | | | |
Clarification of my last post,
The $6 million is *revenues*,
the news releases at this link estimates
1998 *profits* @ $2 million
1999 *profits* @ $5 million
sr.com.sg,
then go to newspaper article from The Business Times dated 2/26/99
in this article Mr Suresh the CEO is quoted as saying
"he expects profits to rise to about $5 million this year from $2 million last year."
cheers, John |
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| To: Francois Goelo who wrote (10) | 5/2/1999 3:22:00 PM | | From: architect* | | | |
Francois,
Garrett has promised additional financial information in the near future.
It is my understanding that audited financials for some years and unaudited financials for other years are in process.
Sara anticipates a filing for NASDAQ listing and plans to take SLNN to NASDAQ as well. Looks to me that both SLNN and Sara would easily qualify.
It's on my list to call, and question if there is a time projection on the release of financials and registration with the SEC.
IMO this is the next milestone for Sara and it's IPO's.
Based on *estimated figures* it should give this one a boost.
John |
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