Msep going to rock!
Press Release Source: Motorsports Emporium, Inc.
Ten Stix Changes Name to Motorsports Emporium, Inc.
Tuesday December 7, 9:30 am ET
Company Accelerates into Motor Sports Industry
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Dec. 7, 2004--David Keaveney, CEO of Motorsports Emporium, Inc. (OTCBB:MSEP - News), announces a new corporate name, new stock trading symbol and acquisition details as it accelerates into the Motor Sports industry.
Keaveney comments, "Our new name and trading symbol identifies us as a motor sports business, focusing on increasing revenues, share price and investor exposure. Our planned spin-off of Ten Stix Gaming this month will complete the transition and leave our gaming company image and its liabilities behind."
Motorsports Emporium Inc., through its operating subsidiary, Scottsdale Diecast, Inc., purchased the assets of ScaleCars, Ltd. as a point of entry into the motor sports industry via its premier website: www.ScaleCars.com. The company has a 2,800 square foot retail showroom in Scottsdale, AZ and an Internet store that averaged $276,000 in annual revenue for the past three years (while being run as a part-time venture). The purchased assets also included a database of 30,000 customers, a large inventory of approximately 2,400 items, a custom digital photo shop, numerous marketing and promotional materials and a rich corporate history. The company plans to utilize cross promotion marketing of additional products and services to expand its customer base to 100,000 and increase revenues to the $1 million to $5 million dollar range.
Keaveney stated, "Our acquisition was timely, the price was based on the wholesale cost of current inventory, and the terms were very favorable to both parties. Bottom line, we were in the right place at the right time, in an expanding industry reaching across America and around the world. Retailing die cast cars to enthusiasts is only the first step for Motorsports Emporium. Current revenue at ScaleCars.com is derived from repeat in-store and Internet sales. By ramping up our marketing and exposure we instantly open doors for additional revenue opportunities including product licensing, manufacturing, wholesaling, sponsorships, strategic alliances and racing series."
Keaveney continues, "It's important for the investment community to know that I don't believe our current stock price represents the true value of our future cash flow. With the spin-off of the gaming subsidiary liabilities, the increase in acquired assets and daily cash deposits, our market cap is barely higher than our acquired inventory! As we finish up our financial year on December 31 and the audited numbers are announced, I believe investors will be surprised at our financial progress and they will value the stock more appropriately than its current historical lows."
For further information about Motorsports Emporium, Inc. or ScaleCars.com contact David Keaveney at 480-556-0821, via e-mail at dkeaveney@cox.net or to purchase products click on www.scalecars.com.
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
Contact:
Motorsports Emporium, Inc.
David Keaveney, 480-556-0821
dkeaveney@cox.net
Source: Motorsports Emporium, Inc.
imo January plus msep will shine!
Anyway GLTA in MSEP. :-)
Joe
Place your bids.....
Do your dd before buying this hidden gem.
Joe
Going to be a nice week. :-) imo
Joe
[This message has been edited by JoeMillion (edited December 14, 2004).]
quote:
Originally posted by legal1082:
Anybody out there in allstock land have any opinions on this stock?
Good stock to own.
Should see .01 soon.
GL
Looking good.
I wish he did then msep would be trading near 10 cents. lol
Form 4 is a public release too.
The chart looks so bullish.
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=msep,uu[m,a]daclyyay[pb50!b20][vc60][iuc20!lg]&r=8700
Good luck to you on your buys today.
Joe
There aren't too many shares left. With all the shares that insiders are buying and investors are buying msep should be ready to fly.
Only two buys of 5000 and 10000 shares moved the ask up to .0055.
Go Msep!
Joe
Hope you got in! The next 3 months going to be wild! imo
Joe
What a day, 2 Form 4s have been filed today!
BREHM ROBERT C files Form 4, Statement of Changes in Beneficial Ownership of MOTORSPORTS EMPORIUM, INC.
Dec 16 2004 1:53PM ET
2,000,000 shares bought.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3D%5C2004%5C12%5C16%5CEDGARNews_0001252108-04-0000120001075993.html%26clientid%3D168%26provider%3DEDGARnews&sy mbol=MSEP
BREHM ROBERT C files Form 4/A, Amendment to Statement of Changes in Beneficial Ownership of MOTORSPORTS EMPORIUM, INC.
Dec 16 2004 4:13PM ET
2,000,000 shares bought.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3D%5C2004%5C12%5C16%5CEDGARNews_0001252108-04-0000130001075993.html%26clientid%3D168%26provider%3DEDGARnews&sy mbol=MSEP
Today insiders bought 4 million shares.
Are they greedy!!!!!!!!!! lol
Mesp to the mooon!
Motorsports Emporium Inc (BB: MSEP)
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By: sfdstation40
16 Dec 2004, 08:17 PM EST
Msg. 6638 of 6638
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Just a little number crunching:
I think the last PR said the company MSEP aquired does approximately $250K per year in revenue? Was it revenue or was in net profit? I think revenue. Anyways, I bet overhead really isn't that much. Maybe 50K per year.
What we should be worth right now:
200K Net profit / 200MM OS = .001 EPS * PE (20) = PPS .01
If we should reach David's minimum goal of $1,000,000 in revs:
950K Net profit /200MM OS = .00475 EPS * PE (20) = PPS .095
If we reach his maximum goal of $5,000,000 in revs:
4.950 MM profit /200 OS = .02475 EPS * PE (20) = PPS .495
Looking at it this way, we are undervalued right now by about 1/2 cent per share. Also, if everything goes as David hopes we should be trading at a minimum of .095 by the time his business is really kicking into gear. If I am totally off with my numbers and guesstimate, people please correct me or add onto this.
joe, i gotta hand it to you, that was one of the most eror-filled, ludicrous interpretations of the financials of a company that i've ever read.
you found the section 4, so obviously you know where to look for financial info. here is the link to their latest 10Q:
http://www.sec.gov/Archives/edgar/data/1075993/000109309404000183/form10qsb.txt
they lost over a million $ in the first 9 months of 2004 alone. their basic loss per share is stated here at .02/share loss. they have triple the liabilities than they have assets. in short, it ain't pretty.
it's hard to even say how many shares are actually floating around of this company now, there are warnings all over the report about dilution.
i don't mean to bash you, but - this is truly ludicrous. you need to go and learn how to DD a company before you come posting analyses like this laffer here. yeah i know you just cut and pasted it from RB and it's not your work, but - yeesh. hint #1: there is a difference between revenue and profit.
the sad thing is, suckers are probably going to take the bait and buy this turkey, because they don't take the time to go out and do their own DD to verify facts. you'll probably end up making $ in the long run off pumping this one.
.495 in the final estimate would a 100-bagger. pppffffft, yeah right, that'll happen.
caveat emptor, people - do your own DD!!!
yeesh.
some oilguy last spring was cacklackin' the valyer of IBZT, and his was much more imaginative....
don't forget the shares that they sold while they changed symbols....
i made 2 buys today: BSIC at .58, and added more CLSI at .02. this are both good solid companies with histories of *profits* (rising ones at that) and actual *assets* that exceed liabilities, with very low P/E's and very good future prospects.
you know as well what may happen now: these 2 will tank, while this glorified hot wheels company with no profits jumps to .01 before tanking again. *sigh*.
eh i know, i need to lighten up, heh! oh well, i am what i am.