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SHPS: shopss.com, PROFITABLE INTERNET BUSINESS...
1) Profile: shopss.com
SHPS has just been spun off by its Parent Company, OSCR... "The OSCM unit sold consists of shopss.com, a virtual shopping mall that enables committed shoppers to purchase a variety of consumer goods, electronics and books via the Internet, and CCM Computer Accessories, Inc., which assembles computers and owns and operates customer fulfillment centers that function as warehouses and shipping facilities for products ordered on the virtual mall."
2) Share Structure:
+ Outstanding: 22 Millions shares
+ Float: 2 Millions shares
+ Cash on hand: about $20 Millions
3) Third Quarter Earnings:
+ Revenue: $20 Millions
+ Earnings: $6 Millions
+ Projected EPS: third Quarter EPS has come out at about 27 cents... The Company is growing exponentially and IMO, a forward EPS of $2.00+ for Year 2000 should easily be expected...
4) Recent News:
Fully Reporting SHPS is hitting the ground running with a prosperous Business undergoing explosive Growth, $20 Millions in cash to finance further development and excellent Positive Earnings. My forward EPS Projection for Year 2000 exceeds $2.00 and even with a modest (for a profitable Internet Business) PE of 25, we could see the share price appreciating towards the $50.00 range within one year... This is only my opinion and not a recommendation... Potential investors should carry out extensive Due Diligence and only invest what they can afford to lose...
Regards, F. Goelo + + +
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