Email : info@otcjournal.com
URL : http://www.otcjournal.com
To
OTC Journal Members:
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Market
Comment |
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If the market had closed for the
year yesterday we would have set the following records:
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The worst year on the NASDAQ in the
history of the NASDAQ
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The second highest volume day in the
history of the NASDAQ (yesteday's capitulation sell off)
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The worst November in the history of
the NASDAQ
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The second worst month (November) in
the history of the NASDAQ (October, 1987 was still the worst).
We are living in truly unprecedented
times. The first contested Presidential Election in modern history, and
the worst NASDAQ market in history.
Yesterday may have been the bottom,
but there is no telling. In mid November we were still in an overheated
economy. Today every one's talking recesssion. Amazing how quickly things
change.
One thought: Tune out the Media
Noise, don't worry about where stocks trade, take the tax losses
you need, and go sleep comfortably knowing that growth in the technology
sector is not dead, and there will be better years. Long term investors
will make back their losses and growth stocks will still be the best long
term investment there is. The Bull will come back.
If you have an interest in the political
crisis, www.votervoices.com
is a great site to share thoughts and ideas.
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A Christmas
(or Chanukah) Present From Our Friends at PhotoChannel (OTC BB: PHCHF;
MSE: PNI) |
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Photochannel is a pioneering
company in the new world of digital photography. PhotoChannel offers
a one-stop shopping solution for all your digital photography needs.
You can find the following services
at their web site: www.photochannel.com
-
Discounts on digital photography
equipment
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Advice on taking better photos
and purchasing the right camera for your needs
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Tutorials on building your own
on-line photo albums (which is free on their site as a registered member)-
you can upload your images directly to their site and have them stored
permanently for FREE!!!!!!!!!!
-
A print developing service
for your digital images at very reasonable rates.
Once you set up your own on-line photo
album, all you have to do is give your User Name and Password to Aunt Gertrude
in Missouri, and she can go to the site and order all the prints of Little
Johnny she wants. Uploading and storage of all your images is free forever.
Plan on spending a couple hours on
the site to familiarize yourself with the flow, software, creating photo
albums, and uploading your images to those albums. High speed Internet
is essential for uploading large images.
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Attention
Digital Photographers |
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As a service to our valued and members
and a way of saying thanks for your continued loyalty we talked management
into a special offer for OTC Journal members only.
Enroll as a user of the site (free)
and you will receive the following Free Offer:
With your first order to develop
24 4X6 Prints (only $7.99 delivered to your door), you will receive
three 5X7 prints and one 8X10 print for free!!!!!!!!
This special offer is for OTC Journal members only.
Enroll and start uploading your images
into your personal on line photo albums today. Go to the following sign
up page which is reserved for OTC Journal Members Only:
Click
Here to Sign Up For the PhotoChannel
Special Offer
or go to the following URL:
http://www.photochannel.com/photochannel/special/pc/prmbllc.jsp
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Update
on PhotoChannel Networks, Inc. (OTC BB: PHCHF; MSE: PNI)- The Stock |
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We launched our original profile
on PhotoChannel back on May 12th with the stock at $1.58. Today's
close at $.52 is a victory of sorts, as many micro caps are trading at
1/10th their May values.
Since we began our original coverage
the company has made several extraordinary strides:
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Completed $15 million financing
in August
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On September 19th they announced retaining
Salomon Smith Barney as their Strategic Advisor
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On September 20th they announced an
agreement to acquire Moto Photo, the third largest specialty retailer
on imaging services in North America. Completion is expected in the 1st
Quarter of 2001. The company will then have physical locations all over
the US with 2 million customers developing 9 million rolls of film annually.
During fiscal 1999, Moto Photo reported revenues of US $36.8
million and a net income of US $1.65 million.
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On October 2nd the company officially
opened it web site for business.
The Company plans to expand its services
in three separate phases, with the first having been already completed.
In an interview with Geoffrey Briant, the CEO, we learned the following
phases will be launched in 2001:
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One
To One Service |
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This service was launched on October
2nd. Right now, one customer can order prints from digital images uploaded
on the site. They will be processed at one facility located in Stamford,
Conneticut.
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One
To Many Servicel |
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Once the merger with Moto Photo
is completed, PhotoChannel will implement a distributed printing
facility strategy. Moto Photo already has Fuji Mini Labs in all
the major metro areas in the US where delivery costs to any geographic
are minimized.
Orders will be routed over the Internet
directly to the processing facility with the best geographic proximity
to the customer, thereby lower costs and shortening delivery times to one
or two days.
PhotoChannel has partnered
with Genuity (NASDAQ: GENU) to implement is nationwide network.
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Many
to Many Service |
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The company plans to integrate
Moto Photo's business with PhotoChannel's business model. The
exisiting 2 million customer base of Moto Photo will have the ability
to order prints for friends and relatives nationwide and have them picked
up at any location.
A digital network will handle the
transferance of images to the most cost effective location. This will give
PhotoChannel the opportunity to leverage a customer base already
generating $37 million in annual sales and $1.65 million
in profits.
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Conclusion |
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PhotoChannel officially launched
it service in early October. In mid October the company implemented an
Internet Marketing campaign. They have already garnered over 60,000
registered users in just six weeks, and were experiencing as many
as 4500 sign ups per day just prior to Thanksgiving.
The stock is definately a buy at
these levels for investors not concerned with tomorrow's price. Sophisticated
fund managers purchased restricted shares in August at $.90 (CDN), and
the stock closed at $.79 (CDN) in the open market.
Take advantage of the free prints
for your Holiday pictures and take advantage of the low stock price if
you can handle a little more turmoil in the markets.
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