Technology Buy Recommendation:
Stock Symbol: "
WYRE
"
(NASDAQ OTCBB)
Shares outstanding: 18,000,000
Float (estimate): 6,000,000
52 week high: $10.28
Rating: Strong Buy
Current Price: $4.50
Target Price: $11.00
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WYRE
(NASDAQ OTCBB)
Target Price: $11.00
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About The Company
One of the oldest sports in the world, golf, is an exciting past time for over 26 million Americans and enjoyed worldwide by a broad cross section of society. A study by the National Golf Foundation (NGF), reports a huge demand of over 40 million Americans who want to learn or play more golf.
Inforetech Wireless Technology Inc
. (OTCBB:
WYRE
) is the leading developer of hand-held, portable information systems applying global positioning system (GPS) and the latest in wireless technology to the golf and recreational industries. The companies initial product, the
Inforemer 2000
, is the only patented, multi-featured, portable golf pace-of-play information system that utilizes internet protocols combined with unique technology to provide a wireless information system to enhance recreational value, increase golf course profits and improve player enjoyment.
The
Inforemer 2000
is a palm-sized device that provides golfers with on-the-spot golf tips, weather advisories, two-way radio communications and messaging on the golf course. The devices are specifically programmed for each individual course to help players measure distances from flags, keep score, and display every hole on the course.
Reasons To Own the Stock
1) In the previous year 1999 we were witness to $32 Billion spent on golf and golfing accessories by 30 million golfers playing an estimated 600 million rounds of golf.
2) Inforetech has signed a binding letter of intent to aquire ProShot Golf, Inc., the market leader in GPS Golf Systems, in a share exchange transaction valued at approximately $27 million. "The ProShot Golf System has been enthusiastically embraced by over 145 high-profile golf courses throughout the world" stated CEO Robert C. Silzer "The acquisition of ProShot creates an international alliance and establishes the Inforetech Golf Division of Inforetech Wireless as a world leader."
1) There are currently more than 18,000 courses in the U.S. and over 45,000 worldwide with an additional 2,000+ new golf courses under construction annually.
2) Inforetech and the
Inforemer 2000
have been featured in numerous golf trade media and other outlets worldwide. Coverage includes leading publications such as: Golf Tips Magazine, Time Digital, Mein Geld (European financial magazine), Reuters Television, WallStreetReporter.com, NBC Resort Sports Network, CBS Internet Radio, Dallas Star, Golf Digest Australia and Golf Digest.
3)
The company intends to apply for Nasdaq Small Cap Market listing in the near future.
4)
Inforetech and the Inforemer 2000 have been featured in numerous golf trade media and other outlets worldwide. Coverage includes leading publications such as: Golf Tips Magazine, Time Digital, Mein Geld (European financial magazine), Reuters Television, WallStreetReporter.com, NBC Resort Sports Network, CBS Internet Radio, Dallas Star, Golf Digest Australia and Golf Digest.
5)
The company intends to apply for Nasdaq Small Cap Market listing in the near future.
A
FINAL NOTE:
we urge people to visit Inforetech Wireless Technology by clicking on the following link:
http://www.dogpile.com/
and doing a search on the following 'keyword' ~~Inforetech~~ see for yourself how the company is able to revolutionize the golfing industry!
\ri270
Previous Recommendation
Since our last recommendation (Adatom.Com ADTM), the stock has traded over 200% increase over our original recommendation price.
FYI -
To view an investment profile for Inforetech and to update yourself on their latest press releases, click on the following link:
http://finance.yahoo.com/ once there, enter the following Inforetech symbol into the Get Quotes window: WYRE . OB (WYRE dot OB) and click on the Get Quotes button, then click on the Recent News links for Oct., at the bottom of the page.
Disclaimer:
The information contained in this profile contains opinions of management and is not intended to be a complete discussion of information regarding all of the current and/or intended business activities of Inforetech Wireless Technology, Inc. This is not an offering or solicitation to buy or sell securities. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. The owner/management of this email list has received compensation of $50,000 by a third party for the dissemination of this company profile. Safe Harbor Disclosure: This profile contains or incorporates by reference "forward-looking statements," including certain information with respect to plans and strategies of Inforetech Wireless Technology, Inc. Statements contained herein or incorporated herein by reference that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, the words "plan(s)", expect(s)", "project(s)", "growing", "continually", "becoming", "positioning" and similar expressions are intended to identify forward-looking statements.
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