GREY:COTQF - Post by User
Post by
narinderon Jun 26, 2000 3:14pm
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Post# 2118529
Excerpts from Stockhouse Interview
Excerpts from Stockhouse InterviewFor the newbies here..the following is excerpts from the stockhouse intervies\w:
"In its March Q2 report, Conac announced a 38% increase in revenues, to $1,273,000, for the period ending January 31, 2000. With Q3 results due out at the end of this month, CEO Jacqueline Michael is forecasting more good news. "There's definitely revenue growth from the last quarter as well as from last
year," says Michael. "Compared to last year, it's phenomenal."
"We are looking at an extremely broad vision for this company. I can't disclose too much but we're really
looking very seriously at taking this company to a completely new level," she enthuses.
"Acquisitions may play a role in the move to this new level. Tom D'Sena, vice-president development and marketing is enthusiastic about the company's current acquisition prospects, "Some of the companies are kind of a fair size compared to ourselves so it will be a fairly major acquisition." D'Sena is confident that Conac will be announcing the agreements and that they will be done deals. He also says the announcements "will definitely be before six months."
"Conac believes its project management software leads the industry and if Q3 growth is truly "phenomenal," this Canadian small cap may prove to be a worthy long-term investment for the risk-tolerant investor. "We are positioning the company for very substantial growth and everything should come into play, I would say in the next three to six months," says D'Sena.