RESEARCH REPORT - November/December 1995
Stock Symbol AMGC NASDAQ BB
PRICE .56 - CORPORATE PROFILE - PRICE .56
Telephone - 303-220-8686 FAX 303-220-3288
American Consolidated Growth Corp., through its wholly owned subsidiary, Eleventh Hour, Incorporated, is a national provider of temporary personnel and outsourcing services to businesses, professional and service organizations and government agencies. EHI provides a broad range of staffing services through its national network of seven company-owned branch locations in California, Colorado, Kansas and Missouri. During its most recent fiscal year the subsidiary served more than 5,000 customers across the U.S.
The primary product of the business is represented by temporary placement of individuals who possess a wide variety of office, light industrial and other skills, including secretarial, word processing, data entry, telemarketing, assembly, picking, packing and sort and shipping and receiving. In addition, EHI provides temporary personnel with various technical and professional skills such as programming, designing, engineering and accounting. Permanent placement of qualified personnel represents another important profit center for EHI.
American Consolidated Growth Corp. - was incorporated in Delaware on April 2, 1987. AMGC acquired 100% of the issued and outstanding common shares of a private company, Eleventh Hour., Inc. (EHI) on August 31, 1994. On January 26, 1995 AMGC ceased all other operations except EHI. Fiscal year - June 30th Total Authorized Shares - 40,000,000 Shares Outstanding as of Sept. 30, 1995 - 7,410, 271 Free Trading - 1,933,896 Management Control - 674,850 Institutional holdings - 1,675,568 Current Price - .56 Market Cap - 4.1 mil Current Book value - (-.32) PE estimate 1996 - fiscal year June - 6.2 PE estimate 1997 - fiscal year June - 4.6 Dividend - NA Long-term debt - 95K as of June 30th Shareholders - 2,700 Employees - 100 Legal proceedings - no pending action Auditors - Ehrhardt Keefe Steiner & Hoitman, 7979 E Tufts Ave. Ste 400, Denver, CO 80237, 303-740-9400 Trading range - 1993 - $1 - $2 1994 - $1 - $10 1995 - .25 - $1.18
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