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"Another recent pick that has brought tremendous returns is MJXC. Stockprowler.com ran an extensive 4 page profile of Majestic Companies, Inc. on March 25, 2001 when the stock was trading at just 1.7 cents… biz.yahoo.com . This past week the stock price hit 7.9 cents, a gain of 365% since we initiated coverage. MJXC pulled back on Friday to close at 5.2 cents. Interestingly, after the close on Thursday, a buy at the ask (.055) went through for 1,415,300 shares! …MJXC is probably one of the best risk/rewards we have ever come upon.
In addition to company’s acclaimed patent pending SAFE-T-BAR™, an innovative school bus occupant restraint system, Majestic’s new SAFE-T-GUARD™ for school buses is currently being considered for use in at least eight states. In the less than one month since the debut of the SAFE-T-GARD™ at a ribbon-cutting ceremony in Washington DC, senior marketing representatives from the Company have been in discussions with district or state level transportation directors in: New Jersey, Virginia, Florida, Texas, Michigan, California, Georgia and Arizona regarding the adoption of the new safety enhancing product for school buses. A school system in Virginia has issued a letter of commitment to take steps necessary to adopt the SAFE-T-GARD™ for use on their entire fleet of school buses. The initial step in the process will be to initiate a pilot-test of the product for a short period of up to 60 days in order to gain the necessary State Highway Patrol certification, after which the SAFE-T-GARD™ will be approved for use within the entire state. In Michigan, a metropolitan school system issued a purchase agreement to Majestic to outfit a number of their buses with the new safety device. In order for the product to be approved for use in Michigan, it requires a certification from the Michigan State Highway Patrol, which representatives from the school group feel confident in acquiring in a short period of time. The SAFE-T-GARD™ is an innovative “people deflector”, a patented safety product that has been designed to reduce injuries and fatalities as a result of children in the loading zone being run over by the rear wheels of a school bus. With over 450,000 school buses making up the current US fleet, coupled with an MSRP for the product of around $1,200, the market potential for the SAFE-T-GARD™ is well in excess of $500 million.
Stockprowler’s pick this week…
World Am Communications, Inc. (OTCBB: WLDI)
Corporate Web Site: isotecinc.com
Shares Outstanding: 17.2 million
Public Float: 7.6 million
Insider Ownership: 56%
Institutional Ownership: none
Market Capitalization: $0.86 million
Closing Price Friday 6/01/01: 5 cents
Our pick this week comes to us by way of the above mentioned MJXC. On May 10, the Majestic Companies, Ltd. (OTCBB: MJXC) announced the signing of a 5 year exclusive agreement with Isotec, Inc. to market their line of surveillance, weapons control, and security systems to schools nationwide. Isotec, Inc. isotecinc.com is a wholly owned subsidiary of World AM Communications, Inc. (OTCBB: WLDI). Isotec specializes in the design and manufacture of state-of-the-art Transparent Security™ surveillance and weapons control systems that are non-obvious and non-obtrusive to those being monitored. Security systems designed by Isotec, Inc. and/or the company's technology team over the past twenty years have been utilized to secure sensitive areas and provide weapon and passage control to some of the most sensitive government, military and commercial sites in the U.S. This list of commercial users includes among others: Lawrence Livermore Labs, Sandia and Los Alamos Laboratories, Cape Canaveral and Vandenberg Air Force Bases, General Electric, Boeing, Mellon Bank, Wells Fargo Bank, and Rockwell International.
Dr. Steven D. Rosenthal, President of The Majestic Companies, Ltd. stated, “We are involved with school safety in our present line of transportation products on a daily basis, so we are cognizant of the fact that school officials are starting to explore their options in controlling and preventing weapons from getting onto their campuses. Isotec has developed a comprehensive line of Transparent Security™ products that allow school administrators to more closely monitor what is actually being brought into their schools in a way that is non-obtrusive to their students. Metal detectors are already being used in a number of schools in this country, and as long as senseless acts of violence continue to occur on America's campuses, we believe that more school officials will be looking to add weapons detection and control systems to help safeguard their kids from these terrible tragedies. We believe the addition of Isotec, Inc.'s line of products is a good fit for Majestic as it allows the company to leverage its existing contacts and marketing channel within the educational system.”
On May 7, 2001 World Am Communications, Inc. announced that Isotec, Inc., its wholly owned subsidiary, has received orders for the first two systems from ADI, a division of Pittway Corporation, a New York Stock Exchange listed company with annual sales exceeding $1 billion. ADI is a leading distributor of security and home automation products. a division of Pittway Corporation -- a New York Stock Exchange-listed company with annual sales exceeding $1 billion. ADI is a leading distributor of security and home automation products. The proposal for this order is based upon a commitment to order a total of 30 systems.
The wide range of security products… isotecinc.com and the impressive client list as mentioned previously and others… isotecinc.com make Isotec Inc. (WLDI) a very attractive speculation. The stock, even at 5 cents, is high risk given that this is a development stage company. Isotec, Inc. was, until February 2000, a privately held company that had self financed its development with minimal outside investment. In an effort to grow in the national and international marketplace, as well as to expand its product line in state-of-the-art optical and beam technologies, Isotec agreed to an acquisitions/merger with World Am Communications, Inc., a publicly traded shell as a method of raising much needed capitalization. Stockprowler.com views WLDI as a potentially high reward opportunity to cash in on what will be a very lucrative market for companies that can offer premier security and surveillance products in a very unsafe world. WLDI closed Friday at 5 cents on volume of 51,900 shares… an undiscovered gem.
Stockprowler.com does not receive compensation from companies profiled or from third parties associated with the companies profiled. Readers are urged to read the company SEC filings."
...reprinted from Stockprowler.com article dated 6-3-2001
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