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Microcap & Penny Stocks
MISM: Franchising for the Future (The Future is Now)
An SI Board Since March 1998
Posts SubjectMarks Bans Symbol
1072 0 0 MISM
Emcee:  Leroyt Type:  Unmoderated
MISM is a rapidly growing franchising company that has recently announced the closing dates for two major purchases. This header will be updated in the future as more information is available and I am able to finish this information. In June of 1997, the company had one auto repair store near Toronto, Canada and about 10 Pretzel franchises.

Company management changed near the end of 1996. The direction of the company changed dramatically at that time. The company moved from the Vancouver exchange to the Nasdaq BB in June 1997. Large acquisitions were pursued in the second half of 1997 and these deals are about to close.

Tremendous growth and expansion in 1998: Within one month, the pretzel franchises will increase to over 250 stores with an additional 50 stores expected in the coming year. At least 30 new auto stores with new franchises being added quickly (http://biz.yahoo.com/prnews/980305/mis_major__1.html). Wholesale pretzel sales under serious expansion. Investigation into the purchase of a California based franchise entertainment company with 25 to 50 franchisees.

Board Members: Dan Masters (CEO/President), Wilfred Shaw (Chairman)

Price and press releases:
quote.yahoo.com

Outstanding shares: just over 16 million. Additional shares are expected to be issued in the Pretzel store acquisitons (Denver and Florida) listed below. Additional shares will be known when these deals close in early April
50 million shares authorized.

Present operations:

A. Wheel-to-wheel (auto repair):
1. Training center/store just outside of Toronto (I have personally visited in May 1997)
2. Agreement to purchase 30 to 53 store from a major retail chain in Canada. Final numbers in a week or two. Stores will be company owned but may be turned into franchises to free up cash for additional acquisitions.
3. Franchising through identification of independent garage owners. Refer to March 5 press release. Two franchisees signed up in the first two weeks of the program.
biz.yahoo.com
4. Advertisements in Canada on TV and newspaper just initiated:
biz.yahoo.com

B. Pretzel franchises
1. 10 existing franchises in Canada.
2. Purchase of 23 franchises in Florida. Closing date March 31.
3. Purchase of 220 franchises in Denver, Colorado. Closing date April 6. 15 of these store will be company owned. Revenues: Average revenue $250k per store.
4. Cosco outlets. The company is selling pretzels at stands setup in Canadian Costco outlets. 6 to 8 outlets operating each week at differnt stores. Revenues: $4k per store per week.
5. Plans: Additional expasion of small outlets such as Cosco being investigated in the U.S. Company would like to setup 300 to 500 across the U.S.

C. Other franchise oppotunities
1. MIS has also begun due diligence on a California-based retailer in the entertainment industry. (March 5 press release). Looking to expand into other areas of franchising.
2. That last item was a recent surprise. With Dan Masters at the helm, anything is possible.

Financial Analysis:
Revenues (highlights):
1. Denver pretzel stores: 220 stores with average 1997 sales of $250k store.
Estimated net profit for 1998: over $1 million.
2. Canadian auto stores: approximately $400k/store. 30 to 50+ stores.
MIS obtained $13 million in financing for purchase of the 2 pretzels chains and the Canadian auto stores. biz.yahoo.com

Comments on author: I am an individual investor who has owned shares in MIS for several years. Until the management change in the end of 1996, MIS went nowhere. They are on the move NOW. The statements made above are based upon my own research. I have visited the first MIS auto store near Toronto and a typical pretzel franchis also near Toronto. The statement contained herein are my own. Investors must always conduct their own DD.
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1072 broke2, If you go back to early days on this thread, anyone can see the antagoLeroyt-1/21/1999
1071 If you don't own any of the stock, why take such an interest? You don'tbroke2-1/21/1999
1070 Ned, You have a personal agenda and no more. If that happens to have had some Leroyt-1/21/1999
1069 <i>A lot of the old MISM shareholders are tickled pink in this change forNed Land-1/21/1999
1068 Well I see you found the CMOZ thread. Your bashing has not slowed down a bit. broke2-1/21/1999
1067 I actually clicked on that Leroy. Please resist the temptation to post untilNed Land-1/21/1999
1066 Don't post here, go to CMOZ - name change.... it will be a lot easier for eTOPCAT1-1/20/1999
1065 Smiling Ned, what a pleasant surprise! Leroyt-1/20/1999
1064 This baby is smoking! Maybe $1.00 by week's end? Ned Land-1/20/1999
1063 Leroyt, Here's the list, phone numbers . WDwd-1/20/1999
1062 wd, a little behind the times, aren't you? name change and symbol to CMOZ.Leroyt-1/20/1999
1061 OTC Bulletin Board wd-1/20/1999
1060 Here's the list, no phone numbers (for some reason): CMOZ Leroyt-1/20/1999
1059 Ned, I think you're able to do your own research. Leroyt-1/20/1999
1058 Anyone know what houses are making a market in this stock?? If so, could you pNed Land-1/19/1999
1057 I've heard there's more news this week. Maybe today or tomorrow. LookLeroyt-1/19/1999
1056 Well it started of the week the right way. Now if it will just keep going we mbroke2-1/19/1999
1055 I am going to keep a close eye on it, and if it has a steady climb I will get gunslinger-1/16/1999
1054 Can't fault you for taking a profit but I think we've just seen the tipLeroyt-1/16/1999
1053 Took my 43% profit for 6 months. I'll be watching,and may jump back in . Fgunslinger-1/15/1999
1052 Got me. I guess you're the expert. Any shareholders complaining? Leroyt-1/15/1999
1051 Don't the company's articles require it to hold a general meeting of shNed Land-1/15/1999
1050 WHAT was the question?? later, leroyt Leroyt-1/15/1999
1049 Answer: he's trying to get this whore to perform one last trick. Ned Land-1/15/1999
1048 Ned, During the summer and early fall, I was considering a much larger investmLeroyt-1/15/1999
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