Advantage Marketing Systems Stock Picked For Record-Breaking Growth This Year.
OKLAHOMA CITY--(BUSINESS WIRE)--March 21, 2000
Advantage Marketing Systems, Inc. ("AMS") (AMEX: AMM) announced today that its common stock has been picked by noted stock market follower Elliott Pearson to more than double this year. AMS sales have now grown at an annual compounded rate of more than 65% for six consecutive years to more than $22 million for the year ended December 31, 1999. At the same time, there has been strong earnings growth with earnings per share tripling in 1999 to $.31 per share.
Pearson recently featured AMS on his weekly television program on station KJLA in Los Angeles, California. He commented on AMS founder and CEO John W. Hail's well-known success with Pre-Paid Legal Services, Inc. (NYSE: PPD) and predicted a major record-breaking upward move in the price of AMS common stock by the end of this year.
Commenting on the favorable recommendation, founder and CEO, John W. Hail, said: "It is exciting to see more and more respected Wall Street professionals discovering what we have known all along, that AMS is one of the best-kept secrets on Wall Street. The secret is starting to get out and that can only result in a dramatic rise in the price of our common stock as more and more investors become aware of our record breaking revenue and earnings growth. We are pleased to be firmly on track to reach our goal of $100 million in sales by 2002 and fully expect the performance of our stock to be equally exciting."
AMS markets more than 100 natural nutritional supplements, weight management products, skin and hair care products and cosmetics manufactured from herbal-based proprietary product formulations. The Company's products are distributed through a nationwide network of more than 69,000 independent distributors.
For more information, visit the Company's web site at www.amsonline.com.
Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain, but not necessarily all, of such forward-looking statements can be identified by the use of forward-looking terminology such as "anticipates," "believes," "expects," "may," "will," or "should" or other variations thereon, or by discussions of strategies that involve risks and uncertainties. The actual results of the Company or industry results may be materially different from any future results expressed or implied by such forward-looking statements.