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You have a $250 gift voucher waiting for you
From: |
Holly Porter |
Subject: |
You have a $250 gift voucher waiting for you |
Date: |
Mon, 09 Feb 2004 23:25:53 -0500 |
Last month's picks
Eyemakers, Inc.
PK: EYEM
***Estimated target
07 pp/s 2 months
12 pp/s 3 months
Current volume average
Approx 2.3 mill per day
QUICK FACTS
Ticker Symbol: EYEM
Sector: Medical
Industry: Specialty Medical Services
MARKET STATS: EYEM
Share Price
$.013
Shares Outstanding
65,000,000*
Market Capitalization
942,500**
52 Week High
$.2
52 Week Low
$.01
*as of 2003-10-04
**as of 2004-01-23
COMPANY DESCRIPTION
Eyemakers, Inc. is a company in transformation. From its origins as a practice
management provider to the optometric field, the Company has since become into
a provider of corrective eye surgery as well as cataract and glaucoma treatment
and surgery. With a just announced acquisition, the Company is now poised to
become an aggressive participant in the kidney dialysis arena. Eyemakers feels
it can fill an unexploited niche in the healthcare field, namely focusing on
specialized care such as kidney dialysis, dental and eye specialties in
dedicated facilities in the United States and abroad
Important Developments
Announced the signing of a letter of interest to acquire a company that
provides LASIK corrective surgery to its patients in the western U.S. This
company had revenues of $1.3 MM in 2002 and is on track with projected 2003
revenues of over $2 MM. The two companies are now in the process of finalizing
the share purchase agreement and the transaction is expected to close in the
first quarter of 2004
Previously announced payment of $185,000 to acquire 2 European eye clinics and
mobile surgery business, this has been converted into equity and an agreement
has been reached to acquire the balance of the company in the first quarter of
2004. The Company is planning to use a debt instrument (interest and principle
payable semi-annually) to complete this transaction. Revenues for this
acquisition were $3.8 MM in 2002 and are expected to be $6.0 MM in 2003. These
increased revenues will be accomplished through expansion and better
utilization of existing facilities, as well as adding dental and dialysis
services.
Previously announce acquisition of a kidney dialysis has been closed and
operation is expected to commence in the first quarter of 2004. The kidney
center will run at the annual rate of $1.5 M fro the start, since this is a
government contract with a minimum guaranteed number of patients. Plans are to
open 2 additional dialysis clinics in calendar year 2004 with estimated
revenues of $3.0 MM.
Clinic management. The company is in discussions to manage the eye surgery,
dental and dialysis specialties in a large urban hospital. It is anticipated
that this will be one of a number of such agreements the Company will make in
the coming year.
RECENT NEWS AND EVENTS
1 12/17/03 Eyemakers Enters into Final Negotiations to Purchase Two European
Eye Clinics
2 12/15/03 Interview With Ernest Remo, CEO of Eyemakers, Is Featured at
SmallCapVoice.com
3 12/15/03 Eyemakers Announces Completion of Acquisition of Dialysis Center
4 10/28/03 Eyemakers, Inc. Announces Acquisition Of Dialysis Center
5 10/14/03 Eyemakers Announces Agreement On Final Terms For Proposed
Acquisitions
6 9/18/03 Eyemakers Announces New Name for Company
This release may contain statements that constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended. The words
"may," "would," "will," "expect," "estimate," "anticipate," "believe,"
"intend," "estimated target," and similar expressions and variations thereof
are intended to identify forward-looking statements. Investors are cautioned
that any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, many of which are beyond the
Company's ability to control, and that actual results may differ materially
from those projected in the forward-looking statements as a result of various
factors. It is strongly recommended that any purchase or sale decision be
discussed with a financial adviser, or a broker-dealer, or a member of any
financial regulatory bodies. The information contained in this profile is
provided as an information service only. The accuracy or completeness of the
information is not warranted and is only as reliable as the sources from which
it was obtained. Investors are cautioned that they may lose all or a portion of
their investment if they make a purchase in the profiled stocks. There has been
no compensation given for this email.
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