investor-insights_0007 - 2003-01-10 investment - mailto:unsub-3059858-394@e16a50.net mailto:mrgandi67@hotmail.com don howe one stop data
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Date: Fri, 10 Jan 2003 14:30:58 UT
Subject: Major Breaking News!(IBXG)Watch This Stock Trade
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IBXG Group, Inc. (OTCBB: IBXG)
6 Month Target Price: $.38
Shares Outstanding
40.0 million
Approx. Float
7.8 million
6 Month Price Proj.
$.38
A Few Reasons to Own IBXG:
1.
IBXG is an emerging growth company in the trillion-dollar healthcare industry.
2.
IBXG is coming off its fourth quarter in a row of increasing revenues and its second consecutive profitable quarter. IBXG experienced a 50% gain in third quarter revenue.
3.
IBXG estimated EPS for all of 2002 is estimated to be $.01 per share.
4.
IBXG is currently cash flow positive. IBXG is making acquisitions and expanding its infrastructure while vigorously pursuing the Marketing Plan.
5.
IBXG is a results-oriented company with three integrated divisions ? Healthcare Transaction Services, Physical Therapy & Occupational Medicine, and Technology/Information Services.
6.
IBXG has established a strong market niche in the area of Healthcare Transaction Services.
7.
IBXG recently began managing its largest receivables management project ever totaling $39 million from Intracoastal Health Systems, Inc. of West Palm Beach, Florida.
8.
IBXG has implemented a clear-cut strategic plan to expand its capabilities in the area of Physical Therapy and Occupational Medicine
9.
IBXG has developed and recently commenced marketing an innovative web-based inventory management application for the $1.5 billion durable medical equipment (DME) industry.
10.
BXG has developed and deployed a proprietary online consumer medical records service throughout the U.S. The technology is being utilized by several affinity groups, including one of the largest credit card companies in the world.
11.
IBXG?s internal compliance program has been certified as meeting all current requirements of the Federal Health Insurance Portability and Accountability Act (HIPAA).
Update
Great News! With IBXG's recently announced guidance for revenues and earnings for 2003, including this acquisition top line will now increase about 25% to $8 Million. As previously announced IBXG forecasts earnings of $0.02 per share for 2003.
Based on today's stock price level, with $0.02 per share in earnings and growing better than 25% annually, IBXG is still only trading at 6 times earnings.
As a good rule of thumb, a growth company should trade in the market place at least at a multiple of its growth rate.
Based on this theory, this would imply that IBXG should be worth at least $0.50 per share, sometime this year as IBXG reaffirms their $0.02 per share in earnings.
In conclusion if all this comes true, with IBXG trading today a little better than a dime, then in our opinion it appears to us that IBXG has plenty of room to move on the upside.
Press Release
iBX GROUP TO ACQUIRE MEDICOMPLIANT SOLUTIONS, BECOMES NATIONAL LEADER IN HIPAA, MEDICARE COMPLIANCE PROGRAMS
Fast-Growing Florida Company expects $1.5 Million in New Revenue in 2003
DEERFIELD BEACH, Fla., January 9, 2003 - With today's announced asset acquisition of MediCompliant Solutions; a Florida-based healthcare legal services organization specializing in HIPAA and OIG compliance. iBX Group, Inc. (OTC Bulletin Board:IBXG), has become one of the first U.S. companies to offer a comprehensive cost effective web-based legal solution for today's challenging compliance issues.
The asset acquisition of MediCompliant Solutions is to include all the intellectual property, trademarks and copyrights, as well as the 85 physician clients. The subsidiary will be operated under the technology services division with first year sales to be at least $1.5 million, based on new pending accounts combined with existing clients already under contract.
"This highly significant acquisition allows iBX to offer turnkey compliance solutions to all healthcare providers well in advance of the federal Health Insurance Portability and Accountability Act (HIPAA) deadline of April 2003," said iBX President and CEO Evan R. Brovenick. "We can also deliver effective Medicare compliance programs, making iBX one of first companies in the nation to provide a comprehensive legal solution to the two critical issues now facing healthcare industry."
Currently the over 200 users of the web-based application, called "Compliance Now," can target all general Medicare compliance risk areas identified by the Office of the Inspector General (OIG), as well as the wide-ranging issues covered by HIPAA's privacy and security standards. Conforming to these new regulations will cost the private and public sectors an estimated $22 billion in the coming years, according to government estimates.
"Complying with the HIPAA requirement is now becoming a major priority for all of the thousands of hospitals, physician groups and other healthcare providers nationwide," said Brovenick. "MediCompliant and its legal team are a perfect fit for our integrated menu of services for the health care industry.'
"Our innovative business model and proprietary software gives health care providers a cost-effective way to make compliance a daily ongoing part of operations," said Gary R. Spear, Esq., president of MediCompliant Solutions.
Congress enacted HIPAA in 1996 to ensure the protection and confidentiality of health information in an era of electronic transmission and access to medical records. Failure to meet these standards can result in severe financial penalties and criminal sanctions. Because of a lack of clear understanding about the HIPAA requirements, and the burden of day-to-day operations, many healthcare providers are choosing to outsource the development and implementation of individualized compliance programs.
Based in Deerfield Beach, Florida, iBX Group Inc. (www.ibxg.com) develops and deploys innovative, cost-effective methods for integrating financial, administrative and information services for the healthcare industry. iBX is a results-oriented company, consisting of three divisions - Healthcare Transaction Management, Physical Therapy and Rehabilitation, and Technology and Information Services. By creating and utilizing the latest technologies, Internet-based communications and hands-on expertise, iBX strives to meet the needs of hospitals, single and multi-specialty physician group practices and healthcare service organizations seeking to achieve the maximum financial benefit of their accounts receivables by controlling workflow, consolidating administrative functions and addressing compliance issues.
This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. This release contains certain "forward-looking statements and information" (as defined in the Private Securities Litigation Reform Act of 1995) concerning iBX Group, Inc. that are based on the beliefs of iBX Group, Inc.'s management, as well as assumptions made by and information currently available to iBX Group, Inc. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in iBX's filings with the Securities and Exchange Commission.
Valuation
A penny stock with multi-dollar potential: trading today for about 10 cents per share, but in our opinion, has long-term potential for huge gains. IBXG may be one of next year's BIG surprises, making its current status as an undiscovered stock a rare timing opportunity for investors. Don't overlook this one! We not only consider IBXG an attractive "Emerging Growth Company," in our opinion, but also a "Value Stock" in view of its revenues and earnings. We believe that IBXG has targeted a creative niche in a hot sector.
Relative to comparative companies within the Healthcare sector, IBXG could realize superior growth in business and earnings over the near-to-intermediate term period. A grouping of comparable companies within this sector currently trades at an average price to revenues multiple of 4.79 X. For 2002 it estimated that IBXG should generate revenues in excess of 3 million dollars, and for 2003 significantly higher and continue to be profitable. Thus, when applying the comparative grouping?s price to revenue multiples to IBXG we can arrive at a relative valuation of $.38 per share over the next 6 months.
Conclusion
"Patients want to do more of their medical management from home, doctors want to provide care quickly and efficiently, and hospitals and HMO?s want to keep costs down," says Jim Gabler, a research director for GartnerGroup?s Healthcare Industry Research and Advisory Services in Stamford, Conn. "All of this relates to technology, and it?s up to CIO?s to find a better way. People say healthcare revolves around doctors and patient care. Well in the months and years to come, the industry will revolve around technology and the CIO."
Given this climate in healthcare today, in our opinion, IBXG is an undervalued opportunity. IBXG is perfectly positioned to meet the needs of their target market with a strong commitment to their suite of services.
Aggressive investors looking for above-average return potential on a portion of their investment capital should give IBXG a serious look.
******* Important Notice and Disclaimer: Please Read *******
Investor Insights, and affiliates (II), publishes reports providing information on selected companies that II believes has investment potential. II is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. II accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment in IBXG is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. An affiliate of II has been compensated fifteen thousand dollars by the company, and additionally received 2 million warrants exercisable into free trading shares of common stock of IBXG at ten cents per share by a third party for the publication and circulation of this report. II intends to sell all or a portion of the of the IBXG stock at or about the time of publication of this report. Subsequently II may buy or sell shares of IBXG stock in the open market. This report contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, see the SEC filings of IBXG including the company's most recent annual and quarterly reports.
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