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PRECOM
TECHNOLOGY INC., d.b.a. CONCILIUM GROUP (OTCBB: PMMT) |
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Editors
Note:
Last week we brought you an in depth profile
(Click
Here) of Precom Technology d.b.a. Concilium Group. We
also brought you a follow up piece earlier this week (Click
Here)that highlighted news about Concilium reporting positive
second quarter earnings (Click
Here).
Stockupticks wasn't the only one watching.
Only today, veteran market observer Larry Oakley at
WallStreetCorner.com singled out Concilium for his Weekly
Stock Pick. That's quite an honor.
As Concilium gains momentum in fulfilling
its business plan, Stockupticks will keep you up to date on the
latest news. Please read on, we think you'll find Larry's insights
timely and interesting ...
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Excerpt
>From Current Weekly Stock Pick On WallStreetCorner.com
Featuring PMMT |
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From Larry Oakley's
Weekly Stock Pick
at www.WallStreetCorner.com
Each week, I bring you one of the situations I have started to
investigate. It's one I think is good enough to bring to your
attention. I pick them from those presented to me each month by
my network of brokers, market makers, PR companies, investment
bankers, venture capitalists & key people in various industries.
My primary criterion is the same as I apply for Conservative Speculator-my
opinion of the stock's potential to double or better in the next
six to 12 months.
My opinion of this situation will be online here for only a week.
I will, however, occasionally do updates on situations featured
here which I continue to follow, either in the "Larry Oakley's
Opinion" section, or in the "Larry Oakley's Mid-Week Comment"
section. Please--do not use these picks for investment decisions
unless you decide on the basis of facts you uncover in your own
investigation.
Current Weekly Stock Pick
Date Posted: 07/26/2002 12:00:00 AM
Precom Technology, Inc. (OTC BB/PMMT)
PMMT, d/b/a Concilium Group ("CGI"), is an international financial
services company with offices in the U.S. & Hong Kong. It
does financial, tax, & business planning; asset protection;
insurance management; & merchant banking.
CGI's business model is unique. It acts as a financial services
concierge for its 1,200 active clients. Most of its clients are
successful, extremely busy entrepreneurs. They run their own companies
& earn in the general range of $750,000 to $10 million annually.
CGI's clients are frustrated with the legal, accounting, &
financial services available to them. That's because they receive
too little attention to & understanding of their needs, &
have too little time to coordinate the relationship between the
many advisors they deal with.
CGI offers a single solution its clients just can't find elsewhere.
It offers tax minimization, asset protection, merchant capital
& capital sourcing services, insurance, mortgage banking,
& corporate structuring & restructuring advice. It plans
to add private banking, asset management, venture capital, &
broker-dealer services. CGI can satisfy a client's needs with
a single phone call. The client doesn't have to coordinate independent
attorneys, CPAs, tax advisors, mortgage bankers, or other disciplines.
The key to CGI's model is prompt, accurate, & efficient service,
with robust client service reporting & response systems that
cut across all disciplinary lines to satisfy the client's needs.
PMMT is profitable. According to the company's news release dated
7/23/2002, CFO Drew Roberts said re its Q2 ended 6/30/2002: "This
financial report represents the first financial statement for
Precom since its acquisition of Saddleback Finance, Inc. on June
1, 2002, & the acquisition of a controlling interest in Precom
itself in April, 2002 by CGI International. We are pleased that
we are able to report both positive earnings & net assets
after such a short operating period. Due to the recent acquisitions,
we have requested our auditors to audit these figures, & we
expect to issue audited financial results shortly. We do not expect
to report any significant differences in the audited reports."
The release also noted that on a consolidated basis with CGI
International, PMMT's parent company, results of operations for
Q2 reflect net income before tax of $889,973 on revenues of $1,959,562,
total assets of $7,151,062 & net equity of $5,159,090.
Disclaimer: The public companies covered
in the Special Situation section of www.WallStreetCorner.com and/or
in the Emerging Growth Opportunities By Industry section of www.Small-CapTrader.com
pay an annual cash fee of US$5,000 to US$7,500 (depending on the
length of the contract & method of payment they choose) for
such coverage. Information displayed by WallStreetCorner or Small-Cap
Trader does not constitute an offer to buy, sell, or trade a security
of any kind, including stock. Neither Larry Oakley, and/or WallStreetCorner,
and/or Small-Cap Trader recommend that any person, institution,
or other entity make any decisions or form any opinions, etc.
based on the information on these sites. All visitors to these
sites are urged to consult a qualified financial professional
before taking any actions in regards to buying, selling, or trading
securities (stocks or other forms of equity). Companies covered
in Conservative Speculator, a newsletter accessed from WallStreetCorner,
or in any of Larry Oakley's other editorial venues (Opinion, Weekly
Stock Pick, Mid-Week Comment, Special Reports, & Small-Cap
Pick of the Week columns, & any alerts he chooses to disseminate,
& in any other editorial venue Larry contributes to) do not
pay for such editorial coverage; the companies Larry covers editorially
have never, do not now, and never will be charged for editorial
coverage. WallStreetCorner.com / WallStreetCorner.com, Inc.
To Link Directly To The
Complete Report, Click
Here.
*Please note that
the preceding excerpts from 'Current Weekly Stock Pick' of PMMT
by Larry Oakley appearing on WallStreetCorner.com were originated
at WallStreetCorner.com by Larry Oakley and are used here solely
as an informational example and referral to Larry Oakley's WallStreetCorner.com.
The opinions expressed in the preceding piece are not those of
StockUptickTicks.com and StockUpticks.com in no manner endorses
the opinions of WallStreetCorner.com and/or Larry Oakley.
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TO
CONTACT PMMT |
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CGIs principal offices are located at 2255 Glades Road, Suite
324A, Boca Raton, Florida 33431.
CGI also maintains offices at 2755 East Cottonwood Parkway,
Suite 600, Salt Lake City, Utah 84121.
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but no representation, expressed or implied, is made as to its
accuracy, completeness or correctness. Past performance
is no guarantee of future results. This report is a paid advertisement
and is for information purposes only and should not be used as
the basis for any investment decision. MP
has been compensated with 300,000 shares of PMMT common stock
by Octagon Adventures Ltd. for preparation and distribution of
this report and other advertising services. This constitutes
a conflict of interest as to MP’s ability to remain objective
in its communication regarding the subject company. Write
or call MP for detailed disclosure as required by Rule 17b of
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