NXTI is one of the only company with positive earnings during one of the worst market time of history.
Last quarter, they announced net gains of .01 per share with revenues over 126% growth.
I expect NXTI to do very well short term with management continuing to make inovation.
Market cap is only 10 million with 12 million outstanding shares which of 73% is owned by insiders.
Best of all, 63% of share owners through a recent lockup agreedment to not sell any shares for yrs to come.
The company is position to rakeup 25-30 mil annual revenue which which with a sales ratio of only 1 will give NXTI a bookvalue of around $2.00.
But not many growing and profitable company will trade with a sales ratio of 1 times, but at least 2 to 3 times, which will position NXTI to value at least $4.
Momentum is gaining back recently, another excellent time for accumulation.
This will be another 500% gain winner this year, expect NXTI to go $5.00.
Do your own DD, read their financial statements and recent press releases.
Beneath is a news statement released 8/19th by management!
Next Inc.'s ``College Wear USA'' Licensed College Sportswear Program Continues Major Successul Expansion
August 19, 2003 08:01:00 AM ET
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Aug. 19, 2003--Next Inc. NXTI announces that the "CollegeWearUSA(TM)" licensed college sportswear program (www.collegewearusa.com(TM)) has continued its expansion to become a major successful product line for Next.
The Collegiate Licensing Company ("CLC"), according to its press release dated July 22, 2003, announced that Next Inc. has joined the top twenty of its collegiate sports wearables providers along with "major distributors" such as Nike USA(R), Champion(R) and Russell(R). CLC is the nation's leading collegiate licensing and marketing representative in the nation.
Next is also pleased to announce that, beginning with the fall collegiate football program, the CollegeWear products are now featured in one of the world's largest retailers, a significant new customer for Next.
NEXT has accumulated approximately 200 licenses and agreements to distribute its College Wear line for every major college and university. With the addition of Lil Fan, the Company's newest acquisition, the collegiate licensed program will feature juvenile, toddlers and infants, further enhancing and expanding the College Wear program. NEXT'S and Lil Fan CollegeWear licensed products have been well accepted in its national retail and specialty merchants' customer base, such as Kohl's, Academy, Gart's, Cracker Barrel, Sam's Club, Sears, JC Penney and Galyan's.
Mr. William B. Hensley, the Company's President and COO, stated, "We are extremely pleased with the placement of our licensed collegiate sports line in one of the world's largest retailer and the success of the CLC program". He further stated, "With the addition of the Lil Fan program, College Wear will be further enhanced and could result in an accelerated expansion".
The information provided for in this Press Release contains forward looking statements and information with respect to plans, projections or future performance of the Company, the occurrence of which involves risks and uncertainties that could cause the Company's actual results to differ materially from expected results and other risks detailed in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date the statements were made. The Company's actual results could differ significantly from those discussed or implied herein.
Next, Inc., Chattanooga
John D Gioioso, 423-296-8213 Ext. 5
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