Current Price: $0.0063
52 Week High: $2.49
52 Week Low: $0.0062
- SHCC has established business relationships with FEMA, the American Red Cross, AAA, NOAA, and more.
- SHCC is currently booking revenues of $45,000 per month and projects revenues of $13 million for 2002.
- On January 17th, SHCC showed its continued growth track through its new partnership with Maxwood Technology to produce breakthrough emergency broadcast products.
The Time is NOW at Sharecom
The Federal Emergency Management Agency (FEMA), the National Weather Service (NWS), the Red Cross and AAA are a but a few of the agencies and organizations with whom ShareCom Inc. has forged alliances to ensure clear competitive advantage for its product lines. The past 10 years have seen a dramatic increase in severe weather conditions, and with continued global warming these patterns will become worse. Prompted by FEMA and NWS aggressive programs, demand for the company's NOAA radios will soar. Today 7% of American homes possess an NOAA radio. The national goal is 100%.
Sharecom's www.WeatherRadios.com is the site for consumers to purchase the company's superior product at a significant discount. SHCC's revenue flow rate is at $45,000/month and rapidly growing. The Company will realize a profit this year and plans to triple it next.. SHCC's market dominance in this growing "bread and butter", niche business makes it an interesting acquisition candidate and a compelling investment.
ShareCom Partners With Maxwood Technology to Produce Breakthrough NOAA Emergency Broadcast Products
Innovative NOAA Emergency Radio products Unveiled at CES 2002
PALATINE, Ill.--(BUSINESS WIRE)--Jan. 17, 2002-- ShareCom, a leading marketing and sales organization which specializes in NOAA Weather Radio Products, today announced the formation of a strategic alliance with Maxwood Techics BHD and NIKKO CO., LTD.--to design, develop, manunology LTD., an affiliate and partner of NIKKO Electronfacture, market and sell specialized unique Emergency Weather Radio Products never before seen by the consumer electronics industry!
The partnership has developed three specialized products that ShareCom has introduced, including the latest Homeland Security device introduced at the 2002 Consumer Electronics Show.
In addition to the valued priced WRP-50 Weather Radio, ShareCom has introduced two very special and unique products:
The WRP-500 is a New Graphical Interface Emergency Radio that features a PDA style readout that will allow the end user to track weather related broadcasts on a map of the county that the emergency notification from NOAA is broadcast in. This model will also feature a 20 memory tracking capability that will store the last 20 alerts including the time of date, date and nature of the alerts so the end user can track a storm/emergency as it develops. This unit also features a 20 hour battery back up the will allow the end user complete warning capability in the case that power is lost to the home. With the county codes built into the software, this model is the easiest NOAA Weather Radio on the market to program.
The WRP-900 is a unique computer based homeland security product that will interface with any PC or server network, and will allow people in offices, business and homes to have the most up-to-date weather or national emergency information directly from the federal government. NOAA will be able to broadcast FEMA warnings as well as supply information for "follow on'' details as to where to go to get food, water, medical help or shelter in the area of a national emergency to weather related disaster.
"Our ability to develop and produce unique and strategic products is significantly enhanced as a result of this partnership," says Brad Nordling, President and CEO of ShareCom, Inc. "Maxwood Technology has a tremendous amount of technical abilities that we will rely upon in producing the highest quality products possible."
"We are pleased to be able to work with ShareCom as a strategic partner in developing and manufacturing communications products that will help inform and protect citizens in the United States of America," Kunihiko Ichioka, President and CEO of Maxwood Technology Ltd.
Stay tuned for more announcements to come
More Reasons to Consider Buying SHCC
1. WeatherRadios.com has been awarded a National Partnership with the Federal Emergency Management Agency (FEMA) to increase the use of Weather Radios countrywide through a program called Project Impact. There are 2,600 Project Impact communities in the U.S. The FEMA website lists WeatherRadios.com as a national partner
providing a banner and link to the WeatherRadios.com site. The FEMA site receives over 100,000 visitors per day.
2. The National Oceanic and Aerospace Administration (NOAA) has WeatherRadios.com listed first on their web site page that tells people where to purchase a NOAA Weather Radio
3 The National Weather Service (NWS) has offered to promote corporate sponsorships to the WeatherRadios.com site through recognition and media support.
4. Local American Red Cross chapters will promote NOAA Weather Radios through WeatherRadios.com in exchange for a $5.00 donation per sold radio.
5. The Chicago area AAA will feature SHCC's 2WayTalk.com on its website offering exclusive discounts on Weather Radios, and FRS Family Radios. 2WayTalk.com will also be
listed in the AAA magazine called "Home and Away".
6. The Federation of Manufactured Home Owners of Florida (FMO) has entered into a one-year agreement that will increase the sale of Weather Radios from the WeatherRadios.com site. Mailings and web site links will offer a group discount to members and also pay a rebate to the organization for every radio sold.
7. The Owner-Operator Independent Drivers Association (OOIDA) has begun to promote the discount that is offered
through WeatherRadios.com site. Magazine articles, mailings and web site links will offer a group discount to members and also pay a rebate to the organization for every radio sold. This
agreement will run for one year.
Why Weather Radios are Poised for Growth
NOAA Weather Radios automatically alert people of impending severe weather conditions "24/7". This is especially critical for families while sleeping. These devices are fast becoming recognized as essential and potentially life saving for use in homes, businesses, and critical care facilities.
The National Weather Service (NWS) has stated that there has been an increase in severe weather in the last 10 years and this trend is expected to continue. NWS has a published goal for NOAA Weather Radios to be in every home within the next 10 years. Currently, approximately just 7% of homes have this device. This being said, we can expect a tremendous increase in the presence and sale of weather radios over the coming years. The NWS, NOAA, the Federal Emergency Management Agency (FEMA) and other government agencies have an aggressive education and funding effort to reach the 100% goal.
New technology called Specific Area Message Encoding (SAME) was introduced in the mid 90s. It allows users to set an alarm only for their specific geographic area. This feature is expected to make this tool commonplace in homes alerting families of weather conditions that pose an immediate danger.
Additionally, 2WayTalk.com will continue to focus on Internet users who are outdoor enthusiasts. The market continues to be strong and growing. FRS Family Radios are now becoming a popular family item on vacations, ski trips, camping, and biking events. They are used for a wide variety of purposes, from staying in touch with children playing in the neighborhood, to coordinating soccer tournaments and antique auctions.
SHCC is currently booking $45,000/ month and is conservatively projecting earnings next year of $1.3 million on revenues of $13 million. Unlike most e-commerce ventures, ShareCom's marketing "burn rate" is very modest. The Company forecasts revenues of $32.5 million the following year, increasing profitability to earn $46 million. Given its impressive relationships and the rapidly growing market for its product, SHCC's share price of just 1.6 cents makes it a compelling play for the astute investor.
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