[Wolfdev-Momentum] Informed Investors are winners
of the Maxim Financial Newsletter
Sun, 01 Aug 2004 04:04:15 -0700
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Maxim Financial
IPO Now Available To Public: SWII
Software International, Inc. (OTC SWII)
Current Price: $.85 (as of Close Friday, July 30, 2004)
Shares Out: 19.0 M
Approx. Float: 3.4 M
This Is A Very Small Float!
SWII is a new investment 0pportunity in this multibilli0n dollar global IT=
and
BPO industry, and could see near term price movement on the strength of re=
cent
announcements and newly unveiled business 0pportunities. With a substan=
tial
offering of IT services and products, an impressive client l'ist that incl=
udes
well-known names such as ABM Amro, Fleetwood Industries, Merrill Ly=
nch,
Microsoft, Novartis, Oracle, and Verizon, and an experienced leadership =
team
of IT professionals, SWII seems positioned to see growth over the co=
ming
months. What is more, SWII is one of the few emerging companies in th=
e IT
industry to demonstrate consistently pr0fitable operations. We think =
that
SWII is a unique investment 0pportunity. If you choose to add this stoc=
k to
your portfolio now, you could be making near term trading gains for Augus=
t 2
thru 6.
Founded in 1997, SWII is a provider of a substantial suite of comprehensiv=
e IT
consulting services and products, including systems integration, applicat=
ions
development, custom software development, maintenance, reengineering,=
and
strategic consulting. SWII has is additionally developing and marketin=
g a
suite of software products to vertical markets in the finance and bank=
ing,
legal, and telecommunications industries.
SWII has been successful in navigating the post-2000 IT industry reces=
sion
through diversification of its product and service suite and a succes=
sful
transition to offshore IT solutions. With offshore revenues of approxima=
tely
33% of total revenues, SWII expects to grow this percentage to roughly 70=
% by
2006, and is well ahead of the IT industry trend towards offshore outsourc=
ing.
SWII has recently signed strategic agreements and acquired equity stakes =
into
two leading Indian IT outsourcing companies, CORE Projects & Technologies=
and
Asian CERC, which could significantly enhance its market presence.
SWII has demonstrated solid financial performance, and, rare in =
the
beleaguered IT industry has shown profitable operations, with top and bo=
ttom
line growth anticipated for the near-term period. For FY 2003, SWII had t=
otal
sales revenues of $2.88 milli0n with gross pr0fits of $580,000, with offs=
hore
business representing more than $1 milli0n in sales (33=
%). With organic
growth expectations for 50 to 70% over the next three years, and an aggres=
sive
acquisition program with synergistic f'it IT companies in the US and abr=
oad,
SWII should post impressive financial results for FY 2004 and FY 2005.
SWII has significantly improved its near-term revenue outlook and =
its
position within the lucrative Indian IT outsourcing market through =
its
recently signed equity investments in and strategic agreements with Asian =
CERC
Technology, Ltd. and CORE Projects & Technologies, Ltd. Asian CERC =
is a
premier business information and decision making tools provider, with=
its
products used by leading financial institutions including Multex, ICICI B=
ank,
Mumbai, and Telekurs. SWII has built a 10% equity investment in this comp=
any,
and will act as Asian CERC=92s North American representative, while g=
aining
access to Asian CERC=92s suite of offshore development services and so=
ftware
products. CORE Projects & Technologies is a leading India-based =
IT
consultancy firm specializing in information management and business acti=
vity
monitoring. Under this agreement, CORE will provide contracts to SWII o=
f up
to $7 milli0n in value, and provide financing for future poten=
tial
acquisitions.
With recent launch of its Strategic Consulting Gr0up (SCG), SWII has fur=
ther
broadened its IT services offering and we anticipate that this division =
will
significantly improve the Company=92s near-term revenue outlook. The SCG=
will
help clients develop and refine their business processes and implement =
best
practices to improve return on their IT investments, with services inclu=
ding
CMM, strategic information systems planning, information architecture, l=
arge
scale systems integration, and program and project management. Under=
the
leadership of SCG Managing Director Amit Mitra, 15 year IT industry vet=
eran
and current VP of the Data Management Forum, this initiative will help =
SWII
0ffer its clients a complete end-to-end IT services solution and will add=
ress
existing client demand for additional services.
SWII is aggressively positioning itself as a leader in the rapidly gro=
wing
offshore IT services and consulting segment. Global corporations =
have
embraced offshore IT outsourcing, and India has become the destination=
of
choice, with a recent Nasscom-McKinsey study predicting that Indian IT exp=
orts
will grow at a CAGR of 30% from 2004 to 2008, from $13 to $35 billion, w=
hile
IDC estimates that the offshore component of the US IT market will grow =
from
5% of the total market today to more than 23% in 2007. Through its offs=
hore
business initiatives, and recent equity investments in Indian IT players A=
sian
CERC and CORE Technologies, SWII is rapidly emerging as a major player in=
the
offshore IT services market.
With a balanced portfolio of IT services and products, a strong positio=
n in
the offshore outsourcing segment, impressive client l'ist, and an experie=
nced
management team, SWII is poised to see strong organic growth over the =
next
three years in addition to growth through strategic acquisitions=
of
synergistic f'it IT services companies. With its early position in the In=
dian
offshore outsourcing market, impressive client roster, and substantial ser=
vice
and product suite, we believe that SWII is a major IT player in its earl=
iest
stages of growth. At its current market capitalization of just $19.4 mill=
i0n,
we believe that SWII is undervalued and represents a unique and compel=
ling
investment 0pportunity. To better understand the huge growth potentia=
l of
this stock, consider the phenomenal performance that IT outsourcing st=
ocks
have seen over the past year; leading Indian IT outsourcing compan=
ies,
Cognizant (CTSH), Infosys (INFY), Satyam (SAY) and Wipro (WIT) are tra=
ding
near 52-week highs and have seen average year price gains of over 97=
%!!!
These stocks are currently trading at an average P/E of 43x and at an ave=
rage
P/R of 8x.
DIS-CLAIMER: Maxim Financial is an independent newsletter with the goal=
of
giving investors the necessary knowledge to make rational and profit=
able
investment decisions. This publication does not provide an analysis of=
the
Company's financial position and is not an 0ffer to b'uy or sell securit=
ies.
Investing in securities is speculative and carries risk. It is recomme=
nded
that any investment should be made after consulting with your invest=
ment
ADVIS0R and after reviewing the financial statements of the company. M=
axim
Financial presents information in this online report believed to be relia=
ble,
but its accuracy cannot be assured. Past performance does not insure sim=
ilar
future results. Maxim Financial is not purported to be a complete and thor=
ough
analysis of the featured company and recommends a complete review of =
the
Company's regualtory filings at sec.gov. The information herein cont=
ains
F0RWARD-looking statements and information within the meaning of Section=
27A
of the Se'curities Act of 1933 and Section 21E of the Securities Exchange =
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of 1934, including statements regarding expected continual growth of=
the
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time
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hich
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discloses the receipt of Twenty thousand dollars from a third party (=
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