 |
 | |
 |  |
| We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level. |
CRGI... DD Creative Gourmet, Inc. O/S: 6M Float: 3.9M Management/insiders/"friendlies" own roughly 3M leaving about 1M tradable. The company knows the whereabouts of 2.9M shares of the 3.9M float. I know where roughly 400K is leaving ~600K tradable. CRGI, which trades on the OTC Bulletin Board, manufactures a line of premium specialty desserts. I have a list of their clients which is a page long. Hilton and Marriott hotels are among these clients. CRGI came about 3 years ago via reverse merger. Had revenues of 250K in 97, over 1M in 98 and are on pace to do $5M+ in revenue this year. This is a profitable company already. 18 employees. Unlike some of the other companies we have heard about... this is a legitimate company. Lat NR of 27 May: William J. Thome, ex-president and C.E.O. of Hershey Foods Subsidiary and ex-vice president/general manager of Sara Lee Foods joined CRGI. While this news was unimpressive to most, it is significant. His global contacts in the food industry will be extremely valuable to CRGI... not to mention his experience in the industry. New customers/deals which have not had NRs on them yet: Distribution deals (new) in the northeastern U.S. as well as CA/NV out west. Company completed acquisition of a $9M revenue brownie company last week. This will expand their facilities. The company, in order to deal with the demand, is moving into a new facility right now. New facility is 14,000 sq ft; old facility is 3500 sq ft. Have a new deal to provide deserts all Hard Rock Cafe establishments worldwide. A NR will be out next two weeks or so detailing this. Reporting: Yes, CRGI will report earnings for the first time within the next 2 to 3 weeks. The stuff is in front of the auditors now... so even though the deadline was extended to Dec, Creative Gourmet will make the original deadline. Stock will not be "delisted". Finally, earnings will reflect an increase of 300% in revenues over same quarter last year. Given a conservative profit margin of only 15%, this would give CRGI an EPS of .13 for 99. Multiply that X PE of 20 would give you a share value of $2 1/2 per share. The above will appear in a series of news releases over the next few weeks which will be culminated with the NR detailing the opening of the internet site. Early to mid July is the timeline on the web site. Through the acquistions and the new facility, the company will be able to meet the demand of new clients and the web site. Individuals will be able to order products directly through the web site. Scott Wilcox is the CEO... he will answer investors questions anytime he is available to do so... his number is: 800-281-3487. IR is Richard Chancis at 305-936-9450. Again, please be careful and do your own DD. NOT A REC TO buy. Just info for your consideration. | ||||||||||||
|
| Home | Hot | SubjectMarks | PeopleMarks | Keepers | Settings |
| Terms Of Use | Contact Us | Copyright/IP Policy | Privacy Policy | About Us | FAQ | Advertise on SI |
| © 2025 Knight Sac Media. Data provided by Twelve Data, Alpha Vantage, and CityFALCON News |