GREY:HOMS - Post Discussion
Post by
awb3 on Feb 05, 2002 10:32am
Look at 3D Visit as an investment instead
Homestore has lots of problems. There's a better investment out there in virtual tour technology to make money on. Look at 3D Visit.
1. 3D Visit Inc. is the largest provider of virtual tours to the real estate industry in Canada.
2. Public on the Canadian Exchange (CDNX) under symbol VIS. Web site
www.3dvisit.com.
3. Attracting about 425,000 visitors per month to their web site. Listing 300 – 500 homes. Over 10,000 homes listed.
4. Doing 85% of the virtual tour real estate business in the province of Quebec. Will soon grow to the 85% mark in the big markets of Ontario, Alberta and B.C. Using the 25% level of virtual tour penetration of the market, that could mean $10,000,000 plus in revenue.
5. Negotiated partner arrangements with major real estate portals in Canada including an exclusive arrangement to be the real estate environment for the canoe network (
www.canoe.ca), which attracts over 5.6 million visitors per month to its site.
6. Signed national service agreements with Royal LePage and Century 21, to be a preferred supplier of virtual tours for their brokers and agents in Canada.
7. Expanding. Moving into the U.S. and European markets. Signed a partnering agreement with 360house.com.
8. No “internet bubble” price history to the stock. Came on the market during the worst period of 2001 and weathered the downturn. Poised to take advantage of any economy and market upturn. Trades around $0.10 Canadian.
9. Sound management and top notch Board. Recently closed a round of financing. Cut back on overhead. Will be profitable in Q2
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