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Topic: long term holder--MSSI--DD and info

QuestSolver
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MSSI DD-

Latest news:

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2005%5C05%5C17%5C30701142.html%26clientid%3D168%26provider%3DPR_NEWSWIRE&symbol=MSSI

Recent contract wins-

http://biz.yahoo.com/prnews/050510/fltu004.html?.v=9

Side note- -CAMP HILL OVER 4000 INMATES AND IS ONE OF THE LARGEST PRISONS IN PENN.

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2005%5C05%5C03%5C30702400.html%26clientid%3D168%26provider%3DPR_NEWSWIRE&symbol=MSSI

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2005%5C04%5C26%5C30701072.html%26clientid%3D168%26provider%3DPR_NEWSWIRE&symbol=MSSI

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2005%5C04%5C18%5C20700501.html%26clientid%3D168%26provider%3DPR_NEWSWIRE&symbol=MSSI

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2005%5C04%5C12%5C30701190.html%26clientid%3D168%26provider%3DPR_NEWSWIRE&symbol=MSSI

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2005%5C04%5C05%5C30703132.html%26clientid%3D168%26provider%3DPR_NEWSWIRE&symbol=MSSI

The airforce alone accounts for 3.5 mill in revenue, exisitng contract secure till Sept 07.

Side note- http://ragingbull.lycos.com/mboard/boards.cgi?board=MSSI&read=19037

Revenue growth for 2005 copied from recent 10K-

We anticipate revenues to grow by approximately $10 million in the fiscal year ending 2005 as a result of new contract proposals presently in the bidding process and pending acquisitions.

Revenues in 04 were 6.8 mill.

Highlights from recent 10Q(including CEO comments on pending acquisition of Nurses PRN):

Gross profit for the quarter ended March 31, 2005, was $520,529, or 32% of revenues, as compared to gross profit of $369,388, or 22% of revenues, for the quarter ended March 31, 2004

(LOSS) BEFORE OTHER INCOME (EXPENSES) (284,397) compared to (432,835)

CASH AND CASH EQUIVALENTS - END OF PERIOD $ 1,567,195 compared to $ 3,509

WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING 134,732,159

"Of these, the Company has focused its attention on concluding the Nurses PRN transaction which has proven to be far more difficult than originally anticipated. While no time can be specified, the Company remains confident of the near term successful conclusion of this asset acquisition."

"There can be no assurance that a definitive agreement will be entered into with A&T or Nurses PRN. The Company has devoted considerable effort to the negotiation and actions which must be accomplished in conjunction with the Nurses PRN transaction and anticipates a successful conclusion to these efforts."

Nurses PRN Projected 20 million in revenue in 2005:

MSSI-TeleScience to Nab Nurses PRN

VIENNA--MSSI-TeleScience International, Inc., a provider of long-term medical personnel and other services to government, has signed a letter of intent to acquire Nurses PRN, LLC, a healthcare staffing agency with locations in six states. The West Palm Beach firm employs more than 1,000 nurses and projects $20 million in revenue in 2005.

Said MSSI CEO B.B. Sahay: "Nurses PRN has perfected the healthcare staffing model, by offering state-of-the-art, immediate staff placement capabilities. This is a highly attractive feature to hospitals and other healthcare facilities that seek to quickly fill open shifts, and are forced to juggle between multiple agencies to fill the staffing voids."

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Quest

Posts: 2851 | From: Maryland | Registered: Mar 2005 | IP: Logged |