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Stockprowler’s pick this week...
PlanetLink Communications, Inc. (OTC BB: PLKC)
1415 Bookhout Drive
Cumming, GA
30041
Phone: 678-455-7075
Corporate Web Site: http://www.plcweb.net
Shares Outstanding: 87.4 million
Market Capitalization: $1.9 million
Closing Price Friday 1/2/04: 2.2
cents
PlanetLink
Communications, Inc., our pick for the month of January 2004, offers the risk
averse speculator an incredible ground floor opportunity.
The recent disappearance and likely abduction
of college coed Dru Sjodin by a sexual predator and the discovery last week of
the first U.S. case of mad cow disease in a dairy cow imported from Canada
have been making headlines.
In the case of the infected cow, the USDA has reported that the cow is one of
a herd of 82 cows. It has confirmed that 81 of those cows entered the U.S. through
Oroville, Washington on September 4, 2001. The whereabouts of the
other 81 cows, which also could be infected with mad cow disease, is unknown.
These seemingly unrelated news stories point to the need for a global system
of tracking people and things… Shares of PlanetLink Communications
(OTCBB: PLKC) climbed 42% in heavy trading Friday on speculation that the
company has developed what could be the premier tracking technology using GPS satellites.
PlanetLink
Communications, a provider of satellite-based products and services, is
working in conjunction with San Antonio, Texas based Karta
Technologies, Inc. to develop its PlanetTraks GPS product. Karta is a
privately held engineering and information technology company with $45
million in revenues. PlanetLink engaged Karta in August to evaluate
potential open-architecture software solutions to perform the tracking
functions of the system. Karta also evaluated the performance characteristics
and availability of existing GSM/GPRS-compatible vehicle units against the
feasibility of developing a proprietary tracking element. As a result of this
evaluation, Karta recommended that PlanetLink utilize commercially available
modules that integrate GPS/GPRS
functionality with a customized, web-based software system designed to
address the unique requirements of the consumer market. PlanetLink is also
initiating the design of a customized vehicle- tracking unit for PlanetTraks.
PlanetLink plans to produce a
family of GPS-enabled Mobile Locator Units (MLUs) under the
PlanetTraks name, designed to communicate real-time location data and other
information over the General Packet Radio System (GPRS) to a secure Internet server.
Customers will then be able to access that information via a
password-protected web site. PlanetLink is exploring applications for other
consumer and commercial customers for tracking people, vehicles, and a
variety of other assets.
Karta
has reported that it has established a project schedule and has initiated
system design activities. The basic system architecture and third- party
software packages have been identified to support customer service and
billing, mapping and database utility functions. Karta has also ordered the
initial MLUs from a third-party producer and is in discussion with that
producer regarding the purchase of a database structure to facilitate the
rapid design and development of the software system. Integration testing of
the PlanetTraks system with commercially available MLUs should allow for
launch of PlanetTraks services by early 2004.
Using
PlanetTraks, consumers will be able to log on to the Internet and immediately
pinpoint the location of an automobile or person equipped with its device,
such as a child, a hiker or an elderly person. PlanetTraks products will be
leased on a monthly-service and usage-charge basis alleviating consumer
concerns about technology changes and upgrades.
PlanetLink's
PlanetTraks GPS-related products
will include:
- Kidtrak: A personal tracking system to
help parents locate a child within minutes
- Parentrak: Designed to permit users to
track the location of aging adults/parents
- Autotrak: Will enable parents and
others to know the speed at which their children are driving and the
location of their vehicle. This product can also be used to track the
location of commercial fleet vehicles used by transportation and
delivery companies and a variety of other businesses
- Guardian: Designed as
a security device for business executives and others
- Protector: This
location device is designed to deliver a panic signal, identify the
location, and includes a 2-way audio signal that can be remotely
monitored
It is the opinion of Stockprowler that speculation fanned by fear and
uncertainty in the news could drive the stock price of PLKC into the
stratosphere. The potential for a stock like this should not be underestimated.
Please remember that trading in shares of PLKC could be very volatile due to
the highly speculative nature of this stock and the small float relative to
the OTC BB.
Stockprowler
does not receive compensation from companies we profile or from third
parties… we never have and never will. We use our own money when we buy
stocks, and even though we usually take a position in a stock before we
profile a company, our purchases are always relatively small so that the
chance of having an effect on a stock’s price when we buy or sell is
negligible. Please read our full disclaimer.
Also, contrary to a commonly held belief, Stockprowler
does not have access to insider information, nor do we want to, because
trading on insider information is illegal! All information contained in our
reports is available in the public record… and any written or verbal
communication with company CEOs/ IR people strictly adheres to this rule.
Readers are urged to read the company SEC
filings and do their own due diligence before investing in this or any other
stock.
Good Trading…
Stockprowler
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