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CJPG DD Article #1
Dear cypherpunks@toad.com
Casino Journal Publishing Group
Casino Journal Publishing Group ticker symbol (CJPG)
Get Quote here...http://news.stockmaster.com/redirect.asp?template=sm%2Fgo
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Due Diligence Information Package
Another article put out by ECR Inc.
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Casino Journal Publishing Group is a fully
reporting company to the S.E.C.
Casino Journal Publishers Group. is the largest publisher to the casino
gaming industry. They are dedicated to to producing the finest casino gaming
related publications on the market.
Hello, once again I am here to supply you with a package of information that
was put together so that you may obtain your own due diligence substantially
easier. The name of the company that ERC Inc. will be highlighting at this
time is Casino Journal Publishing Group. Ticker symbol (CJPG). The informa-
tion that I am about to supply you with is detailed, no hype, quality leads,
so that making research for you is much more simple.
Overview of CJPG...
Casino Journal Publishing Group publishes 3 casino gaming magazines, a
variety of gaming newsletters, and also presents several casino orientated
conventions each year.
-Casino Player Magazine...Most widely read consumer publication regarding the
gambling industry in the world. The publication is 12 years old and has month-
ly readership of over 500,000.
-Casino Journal Magazine...Read by every upper management casino executive as
well as every supplier to the industry. 30% of the circulation is from
investment bankers, analysts, brokers or investors to the industry.
-Strictly Slots Magazine...The first magazine written exclusively for slot
and video poker players. Launched in December of 1998 at a cost of $500,000.
The
publication generated almost $2 million for CJPG in its first year.
-Nevada Hospitality Magazine...The Official Publication of the NH&MA & NRA.
Read by 15,000+ casino or casino related executives.
-National Gaming Summary Newsletter...Cited by industry executives, analysts
and investors as "indispensable." It is the most comprehensive weekly report
on gaming available today.
-Atlantic City Insider Newsletter...The most popular newsletter for visitors
to Atlantic City. The publication gives tips and reviews on the best deals,
slot machines, buffets, casinos. The newsletter pulls no punches with it's
reviews and the readers recognize and appreciate this honesty.
-Also various financial newsletters and custom publishing for casinos, gaming
conventions, riverboats, concerts, and many other places and events.
-CJPG Trade Shows and Conferences 2000... http://www.casinocenter.com/expos/in
dex.html
-CJPG puts on 5 trade shows each year. Total revenues have grown to almost
$2 million per year from the trade shows from just $800,000 in 1997.
Partners in the trade shows include Bear Stearns, Prudential Securities,
UNLV,
Atlantic City Chamber of Commerce, the most powerful law firm in Nevada -
Lionel Sawyer & Collins and the Mississippi Casino Operators Association.
CJPG's Business Stratagey...
To supply as much information on the gaming industry as possible to as broad
a readership as we can reach. Editorial integrity is their backbone. We'll
never underestimate our readers' intelligence by compromising our editorial
principles.
CJPG on the Web...
"With the power of CJPG's web site and the many relationships with every
aspect of the gaming industry. Could you imagine what kind of Sales AND
press that CJPG could get if it leveraged it's B2B, C2B and B2C relationships
through the Internet? Every major casino, every major supplier of gaming
equipment, advertises with CJPG."
-as quoted from CJPG
CJPG has begun accumulating large stakes in companies involved in the Inter-
net business. CJPG has begun licensing their contant to select online
gambling magazine companies and Gaming portals. They has received a 5%
stake in SoftNet Gaming, a provider of 4 online gambling magazines and a 4.5%
stake in Players Network (PNTVE), the first 24 hour gaming and entertainment
closed circuit television network and owner of PlayersNetwork.com, the
largest online gaming portal which will soon have a 24 hour television
network
running on it.
Last month, CJPG announced the largest advertising contract in the companys
history. The company signed a long term contract with ByeByeNow.com, a
startup online travel agency. The total contract will generate a $700,000
Pre-IPO stake in ByeByeNow.com. ByeByeNow has begun preparing for their
upcoming IPO by hiring an NBC executive as CEO. Their board of directors
includes the founder of Inktomi, American Express travel executives and the
president of Carnival Corp.
CJPG expects to announce other deals similar to the ByeByeNow.com deal in the
near future.
CJPG has recently launched their Dealers Choice Gift Catalog on their site,
adding to their extensive mail order catalog business. Revenues doubled in
the 4th quarter over last year for this aspect of their business.
Visit their site here...
http://www.casinocenter.com/
CJPG's Other Business Ventures...
CJPG is an incubator of small cap and start up companies. By providing
marketing consulting or swapping advertising for common stock, CJPG has built
up an equity stake in 7 companies with a cost basis of almost $2 million
(thats $.40 a share). 4 of those companies have already become publicly
traded with one already more than doubling in price from CJPGs cost basis.
As of the middle of February, CJPG had cash and securities equaling more than
.50 a share.
Many, many of these incubator type deals (look at Wit Capital that was held
by INDI....INDI booked a gain of $2.4 million on a $250,000 advertising
contract from Wit Capital prior to them going public. ) trade a 5 and 10
times their IPO or venture capial levels when and soon after they begin
trading. It's not unrealistic to think that the CJPG portfolio could trade
at those multiples. A Five multiple would add $10MM in BOOK VALUE
($2/share),
a 10 multiple would add $20MM!! or a BOOK VALUE increase of over $4/share.
If the book value increases by those amounts, what would the stock PRICE do?
A one, two three multiple of the book value?
-example given by CJPG.
Key factors & thoughts to ponder...
1)CJPG is $1.5 million away from having the net tangible assets needed to
apply for a Nasdaq listing. CJPG expects to generate that increase in net
tangible assets with their equity portfolio from other companies and
acquisitions.
2)1997 Revenues of $7 million, 1998 Revenues of $9 million, 1999 Revenues of
around $13 million. Not a development stage company but a company that
would be on the fastest growing list of companies if they were on Nasdaq.
3)The Company pays Income Taxes because they used up their Net Loss
Carryforward in 1998. Very few Bulletin Board stocks ever pay income taxes
because they never generate profits.
4)The Company has been approached by other companies to be acquired many
times over the last 2 years. The executives are not looking for a quick
cash out because they have not agreed to any takeover attempt. Management
controls
over 65% of the stock.
5)If CJPG were to be acquired right now, it would be at a minimum of $28.8
million or more than $5 per share. (and that is just for the publishing side
of CJPG)
6)CJPG has branched out into the Hotel and lodging industry with the Daily
Lodging Report and the new Daily Lodging Report - Asia Pacific. The hotel
industry is 50 times the size of the casino industry and is the only truly
global industry. By the end of 2000, the company expects to have a Daily
Lodging Report version which covers every continent in the world. CJPG will
then have become the first global newsletter company in the world. All
lodging publications are sent only by E-mail all around the world each day.
7)CJPG puts on 5 trade shows each year. Total revenues have grown to almost
$2 million per year from the trade shows from just $800,000 in 1997. Partners
in the trade shows include Bear Stearns, Prudential Securities, UNLV,
Atlantic City Chamber of Commerce, the most powerful law firm in Nevada -
Lionel
Sawyer & Collins and the Mississippi Casino Operators Association.
8)CJPG has been working on a new Internet project for the last few months.
They remain very tight lipped on the project and will only say that the
project they are working on will revolutionize the way the gaming industry
utilizes the Internet. It will be both B2B (business to business) and C2B
(Consumer to Business) and will be a product of very well known joint venture
partners..
9)CJPG was Featured on The Penny Stock Gazette
http://www.pennystockbook.com/alert.htm
Quick Comparison...
Comparison to Individual Investor Group (Nasdaq : INDI)
The easiest way to show how undervalued CJPG is would be to compare it to
Individual Investor Group, a publisher around CJPGs size.
INDI revenues for 1999 came in at $17.5 million, up 14%
CJPG revenues for 1999 are expected to come in around $13.2 million, up more
than 40%.
Operating Cash Flow for INDI in 1999 was a loss of $8 million or a loss of
(.80) per share. Operating Cash Flow for CJPG In 1999 is expected to be a
gain of $1.8 million or a positive .30 per share on a fully diluted basis.
INDI has a market cap of $45.5 million with 11 million shares outstanding
CJPG has a market cap of $10.5 million with 5 million shares outstanding.
INDI and CJPG are very similar in that they both accept equity positions in
companies in return for advertising. INDI booked a gain of $2.4 million on
a $250,000 advertising contract from Wit Capital prior to them going public.
If CJPGs $700,000 stake in ByeByeNow.com would come anywhere close to that
when they went public, CJPG could book a gain of $7 million. ByeByeNow is
just a small part of CJPGs equity positions so the chances of a home run is
much
greater for CJPG.
CJPGs EBITDA for 1999 is expected to have increased 9 fold over 1998.
INDIs operating loss for 1999 decreased 46% but was still $8 million.
If INDI could trade at a $45 million market cap, what should CJPGs market cap
be?
This link will provide you with all of the CJPG's press releases...
http://www.casinocenter.com/finance/html/investor_relations.html
January 26, 2000
Key article 1...
Casino Journal Publishing Group, Inc. (OTC Bulletin Board: CJPG - news) today
announced the signing of a long term advertising agreement with
ByeByeNOW.com, an interactive network of websites, and franchise travel
agents for the sale of vacation products. The agreement, the largest in the
Company's history, calls for ByeByeNOW.com to advertise on a monthly basis in
the Company's Casino Player and Strictly Slots consumer gaming magazines.
http://biz.yahoo.com/prnews/000126/nv_casino__1.html
November 15, 1999
Key article 2...
CJPG returned 9-month record revenues of $9,722,909, up 41%, 9-month revenues
surpassed 1998 total revenues. 3-month revenues of $2,966,493 were up 36%
and our 9-month EBITDA set a record of $0.21 per share, up 780%
http://www.casinocenter.com/finance/Investor_Relations/pressreleases/3rd%20Qu
arter%201999.html
Link's to SEC...
They always have been fully reporting and have reported on time or early
every single quarter.
http://www.freeedgar.com/Search/FilingsResults.asp?SourcePage=CompanyList&CIK
=1002455&UseFrame=1&FormType=&DateFiled=&CompanyName=CASINO+JOURNAL+PUBLISHIN
G+GROUP+INC
http://www.sec.gov/cgi-bin/srch-edgar?CASINO+PUBLISHING+JOURNAL+GROUP
Here is what it takes to be listed on the NASDAQ... Click here...
http://www.nasdaquk.com/about/FeeStruc.stm
OTC Bulletin research site... This link will provide you with tons of
research on any OTC stock...
http://www.otcbb.com/dailylist/history/bbdl_01182000.stm
Message boards for CJPG...
Here you can read about what others have to say about Casino Journal
Publishing Group ...
http://www.ragingbull.com/mboard/boards.cgi?board=CJPG
Other research links for CJPG...
http://206.253.196.11/stocktalk/searchresults.gsp?s=cjpg&domain=links
http://www.michigangaming.com/NGS-PR.htm
http://www.dnaproductions.com/companies
http://stockmaster.com/sm/g/0/CJPG.html
http://www.intersphere.com/portfolio/cjpg.html
http://www.michigangaming.com/ngsindex.html
Complete overview...
Business:largest publisher to the casino gaming industry.
Shares Outstanding: 5,005,000
Insider Ownership: 65%+
Glenn Fine, Chmn./CEO
Alan Woinski, Pres./CFO
Adam Fine, Chief Operating Officer
Barbara Chan, V.P./Marketing
Roger Gros, V.P./Development
Lisa Robertson, Vice President/Creative
Contact information...
8025 Black Horse Pike, Bayport One, Suite 470
West Atlantic City, NJ 08232
Phone: (201) 599-8484
Fax: (201) 967-7152
Web Contact: http://www.casinocenter.com/interact/contact_us.html
Investor relations contacts...
http://www.casinocenter.com/finance/html/investor_relations.html
I hope you have found the information in this package to be helpful, and
show you what Casino Journal Publishing Group, the largest publisher of
gaming
magazines in the U.S.A.
Thank you for taking the time to read all
of the information supplied
(ECR Inc.)
Disclaimer
Us here at Emerging Company Reporters Corporation (ECR Inc.)
are not registered Investment Advisers or a Broker/Dealers.
Readers are advised that the report is issued solely for informational
purposes and is not to be construed as an offer to sell or the
solicitation of an offer to buy. The opinions and analyses included
herein are based from sources believed to be reliable and written in good
faith, but no representation or warranty, expressed or implied is made as
to their accuracy, completeness or correctness. Readers are urged to
consult with their own independent financial advisors with respect to any
investment.
All information contained in this report should be independently verified
with
the companies mentioned. The owners of ECR Inc. may or may not have
positions
in the stocks that are written about in the newsletter.
ECR Inc. Was paid $3000.00 cash and (4000 in options at $2.50 from a non-
affiliated individual) for the release of this due diligence package article.
Learn how to get the public familiar with what your company has to offer; to
potentially millions of people daily.
Contact ECR Inc. at (248) 346-2700
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