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Update-
Cam Commerce Solutions (NASDAQ: CADA) |
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Cam Commerce reported December
quarterly numbers yesterday just before the market opened. For those of
you who have been paying attention to this little followed Nasdaq gem,
you have to be ecstatic. CADA has not been a major feature, but
I have reported on the company four times since first publishing a Trading
Alert on the stock on February
28, 2003. The initial trading alert was at $4.30. Net return
from that edition: 132% based on the current $10 level.
Yesterday, CADA reported outstanding
growth in both the top and bottom line. Rrevenues were $5.3 million
for the three months ended December 31, 2003, compared to $4.9 million
for the first quarter of fiscal 2003. Net income for the three months ended
December 31, 2003 was $375,000 or $0.10 per share, compared to a net loss
of $(184,000) or $(0.06) per share for the quarter ended December 31, 2002.
The company stated it had $4.01 per share in cash or marketable
securities vs. $3.82 per share at September 30, 2003. If you recall,
the cash per share was one of the main features of my original presentation.
They have no long term debt.
In the year
end wrap up I projected the $10 to $12 range for the
stock. Keep the winners and sell the losers. Look for $12 at least.
Pullbacks should be viewed as an opportunity to accumulate if you haven't
done so already. You might want to sell some or all at $12 if you
bought early and had the patience to hold on.
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ActionView (OTC
BB: AVWI) Finally Back in Action |
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Actionview has been anything
but action packed over the past 90 days. This company has developed some
outstanding point-of-purchase sign technology, but hasn't had much to say
since the October/November time frame when the company reported exciting
results from several pilot programs around the world.
I first reported on the company back
on
October 19th at $.92. Since then, the stock has seen a high
of $1.20, and a low of $.70. The stock has been stair stepping
its way higher on increasing volume since December tax loss selling abated,
and could make a new high in the near term based on what we learned today
after the market closed.
Today, just after the market closed,
ActionView
announced it has entered into a joint venture arrangement to place advertising
signs throughout Hong Kong and China.
Americrown Inc
of Hong Kong is the joint venture partner. According to the press
release, the first signs will be placed at movie theaters in Hong Kong
with the Broadway Theater Group, who owns movie theaters throughout Hong
Kong and China.
For those of you who haven't been
paying attention, companies offering goods and services to the exploding
Chinese
market have been going crazy. Along with gold stocks. These are two waves
in which I have failed to vend up ideas. You can't catch them all.
However, ActionView might
end up filling the void for a China related idea. Their signs are
perfect for this market, and there is unlimited opportunity.
I asked a technician friend to look
at the stock. Here are his thoughts:
"After hitting its all time
high back in October, the stock pulled back to the 70 cent level before
resuming its longer term uptrend. Although it appeared on its way back
up to test the all-time, the stock recently pulled back once again, thus
retracing 50% of its '04 gains. The stock now appears perfectly poised
to test the all-time high and appears to have consolidated well enough
to break through the 52 week high of $1.19. Short term target to $1.19.
If it can break above that, the stock has room to run."
I'm not sure if he's right, but I
know stocks of companies doing business in China are going nuts.
This news could put some real sizzle into this situation. Look for investors
to pounce on this one as a result of their opportunity with the joint venture
into China and Hong Kong. As always, if the stock gaps up at the open,
wait for a pull back and use a limit order.
Here is the complete text of the
news release for your review:
| Press Release Source:
ActionView International, Inc.
ActionView International,
Inc. Forms Joint Venture Marketing Company in Hong Kong to Market Their
Motion Media Billboards
Tuesday January 27, 4:01
pm ET
POINT ROBERTS, WA--(MARKET
WIRE)--Jan 27, 2004 -- ActionView International, Inc. ("ActionView") (OTC
BB: AVWI) is pleased to announce today that it has signed a letter of intent
to immediately establish an international joint venture advertising media
corporation with Americrown Inc. of Hong Kong ("Americrown").
Americrown's President,
Justin Kwei (BA, MBA), has been named the President of the new joint venture
media corporation with the head office to be established in Hong Kong.
The new joint venture will have the benefit of his extensive experience
and connections, as well as full use of the existing infrastructure of
his organization.
The new joint venture
media corporation will immediately commence the installation of ActionView
motion billboards in the largest movie theatre chain in Hong Kong. The
Broadway Theatre Group ("Broadway") has a chain of multiple screen theatres
located throughout Hong Kong and China. They are also a movie producer
with proven winners such as "Crouching Tiger," "Hidden Dragon" and "Hero."
Broadway will act as a showcase for ActionView for Hong Kong and China.
ActionView will supply
the billboard scrolling "Actionview" sign inventory as well as the related
technical expertise.
Americrown will be responsible
for the establishment of sign locations and the marketing of advertising
space on the scrolling billboard signs, as well as management of the advertising
sales force.
Mr. Kwei has been directly
involved with marketing and sales in Hong Kong and China for over 25 years.
Most recently, he was the managing director for Sita, the largest airline
telecommunication provider in the world.
About ActionView International,
Inc.
ActionView International,
Inc. is the owner, marketer and franchiser of sophisticated and computerized
backlit scrolling billboard sign technologies for local and international
public venues. Through its 12-poster scrolling backlit sign system and
revenue sharing program, ActionView is positioned to make a serious impact
on the multi-billion dollar point-of-purchase global outdoor advertising
industry. ActionView's 2004 business development plans include the installation
of thousands of signs in multi-national retailers stores around the globe
resulting in millions of dollars of advertising revenues.
Forward-Looking Statements
This release contains
'forward-looking statements' within the meaning of Section 27A of the Securities
Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any
statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, goals, assumptions
or future events or performance are not statements of historical fact and
may be 'forward-looking-statements.' Forward-looking statements are based
on expectations, estimates and projections at the time the statements are
made that involve a number of risks and uncertainties which could cause
actual results or events to differ materially from those presently anticipated.
Forward-looking statements in this action may be identified through the
use of words such as "expects," "will," "anticipates," "estimates," "believes,"
or statements indicating certain actions "may," "could," or "might" occur.
On behalf of the Board
of Directors of ActionView International, Inc.
Christopher Stringer,
President
An investment profile
on ActionView may be found at www.actionviewinternational.com.
Contact:
Contact:
Investor Relations
ActionView International
1-888-889-0888
--------------------------------------------------------------------------------
Source: ActionView International,
Inc. |
Charts Provided Courtesy
Of TradePortal.com |
