V.SOMPENNY GURU
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Pick of the Month for March 2000
Company:
SNG Telecom Inc.
Nature of Business:
Satellite Telecommunications
Exchange:
CDNX
Address:
4715 East 41 Court
Spokane, Washington,USA,99209
Symbol:
SOM
Phone
1 (509) 448-6178
Email Address:
comments@sngtelecom.com
Fax:
1 (509) 448-8528
Website:
www.sngtelecom.com
Stock info
Authorized Unlimited
Issued 12,902,001
Market Cap. 3,579,065
Escrow 4,948,524
Recommendation: This stock is recently new to the CDNX, it was listed on November 26,
1999 and recently had a press release concerning the Company Overview, Fourth Quarter 1999
Highlights dated February 11, 2000. This release gave a solid indication that the company is
getting ready to make a move. With 4.9 million shares in escrow and only 12.0 million
outstanding, the float is relatively small. The satellite telecommunication industry is growing at a
rapid pace and SOM should see some momentum real soon
"SNG is a premier provider of mobile satellite uplink and production services (cameras, crews,
lighting, audio equipment, graphics, etc) at North American events in support of the broadcast
and internet industries in the United States, Canada, Europe, Asia and South America.
The company's objective is to consolidate the North American mobile satellite uplink industry
through the acquisition of strategic companies. In parallel, the company plans to acquire
companies which provide related products and services to the industry. These related products
and services include satellite transponder space, production equipment and crewing services,
earth stations, telephone services and internet related companies. The resulting vertically
integrated company will be uniquely positioned as the only company capable of providing the
Industry a turnkey package of services throughout North America with expansion potential
around the world. To date, SNG has acquired three private satellite uplink companies. " (quoted
from press release dated February 11, 2000)
The company is currently expanding in the United States, Canada, Europe, Asia and South
America which sounds very impressive. All the company needs to do is to issue a press release
stating that they have finalized the purchase of two new satellite uplink vehicles with a major
satellite vehicle manufacturer. Also the Penny-Guru feels that this stock will have to raise some
money before investors begin to recognize this company’s potential.
Penny-Guru’s Price Target
$3.45 by the end of July 2000.