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BULLDOG'S HOT PENNY STOCKS
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CLSI
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Clancy Systems International, Inc. |
CLSI |
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Clancy Systems, the leader in parking management technology
Clancy (CLSI): What we have here is a penny stock that is actually making a profit. CLSI is a fully reporting company. This stock is an excellent stock to have in your portfolio. CLSI is one of the few penny stocks that actually has a real and true company behind it. Stan Wolfson, the CEO of Clancy, has even stated, "Read my lips. NO REVERSE SPLIT." Stan has a Chat Room on the Clancy Web Page where he answers share holders and potential share holders' appropriate questions. |
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Clancy Systems International provides hardware, software and accessory equipment to police and campus parking departments internationally that enable completely paperless management of parking permits, parking tickets, and parking ticket payments online and in person. They currently have contracts with municipalities across the US and into Puerto Rico including Berkely, CA and Orlando, FL , and Hilton Head, SC among others. Additionally, Clancy provides the "Denver Boot", a physical wheel locking mechanism, to police and other parking concerns nationally. Clancy is fully reporting with the SEC (reporting a net profit) and has recent news of contracts with Hilton Head, SC, California State University, Logan UT, and San Marcos, TX for their automated permit and ticket resolution systems.
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Current Shares In Public Float: 336M Issued -
127M Public Float
52 week high: $ .05 52 week low: $ .002
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Clancy has been fully reporting to the SEC since inception-
CHECK IT OUT: SEC FILING
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CLSI Online Discussion Boards:
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WHO USES CLSI: |
The Buena Park Police Department | City of Inglewood CA | |
The Orlando Police Department | City of Longview WA | |
Berkely CA | Oklahoma City OK | |
Southwest Texas State | Accurate Audit and Controls | |
ACE Parking of San Diego | Utah State University | |
The Orlando Airport | More- updating later w/links | |
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DMV Lookups | Parking Today | Allright Parking |
National Parking Association | Parking Products Inc. | Central Parking Systems |
Wireless Parking Meter Control Devices | International Parking Institute |
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RECENT NEWS & ARTICLES: |
OCT 11,1999 DEC 27,1999 DEC 29,1999 ST PETERSBURG TIMES |
ST. PETERSBURG -- Parking chalk will soon bite the dust downtown, replaced by a new system of digitized tickets, digital cameras and the infamous Denver boot.
Under a new parking enforcement system that could begin within two weeks, motorists who let their parking tickets pile up could find their cars with a Denver boot attached. The thick aluminum U-shaped bar is locked onto a vehicle's wheel, where it stays -- and the car stays -- until the outstanding fines are paid.
"We've got some really die-hard cases, people who have several hundred dollars worth of unpaid parking tickets, and we've got to do something about it," said Phil Oropesa, the city's parking manager.
The onset of digitized enforcement is the result of motorists who have circumvented downtown parking rules by manipulating the existing chalk system, Oropesa said.
As it now works, city parking officers drive along downtown streets marking a tire on each car with chalk. From then on, the car has two hours of free parking on that block. Two hours later, the officer is supposed to return to the same block. If the officer sees chalk on the tire -- meaning the vehicle has been there more than two hours -- a citation is written and left on the car.
But motorists return to their cars and erase the chalk, move their cars a few inches to hide the chalk or move a few parking spaces up or down the block, officers have found.
"So we're doing away with the chalk part," Oropesa said. Instead, car license plates will be entered into a hand-held computer when the parking officer passes through a block. If a car plate is still anywhere on that street block when the officer returns two hours later, the car gets a ticket.
St. Petersburg officers have been writing digitized tickets since 1991, he said, but the new system has a big enforcement component that the current system lacks. Both systems electronically feed parking tickets into the county court system overnight for processing. But the new system also retrieves information about overdue tickets and puts it into the officers' hand-held ticket writers. If they enter a license plate during the course of their work and it indicates several overdue tickets (the number will be set by City Council), the boot could be coming.
When a similar system began in Orlando, the number of cars that were booted downtown went from six per month to more than 80 per month.
Officers will use digital cameras to gather evidence for more detailed cases. For example, it's now a $250 fine for people without the proper placards to park in marked handicapped spaces.
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December 29, 1999
From fiscal 1998 to fiscal 1999 revenues increased by approximately 29%. This is primarily due a larger customer base and new contracts. The Company's parking enforcement systems research and developement costs increased from $48,127 to $52,185, or 8% from fiscal 1998 to fiscal 1999. General and Administrative costs increased by 30% from 1998 to fiscal 1999. The increase in General and Administrative costs is related to salary expenses with the privatization projects, increased legal fees, expenses associated with the year 2000 client upgrades and increased travel costs. The Company reported a loss of $28,028 for fiscal 1998 as compared to a profit of $163,836 for fiscal 1999.
From fiscal 1997 to fiscal 1998 revenues declined approximately 18%. This is due primarily to start-up costs with privatization projects and start-up costs with projects for Urban Transit Solutions. The Company's parking enforcement research and development costs decreased from $60,591 to $48,127, or 21%, from fiscal 1997 to 1998. General and administrative costs increased by 3% from fiscal 1997 to fiscal 1998. The Company reported a loss of $28,028 for fiscal 1998 as compared to a profit of $35,068 for fiscal 1997. This loss reflects start-up costs, financing charges, and additional general and administrative expenses for the two privatization contracts and Urban Transit Solutions as well as expenses for hardware replacement for clients for year 2000 system upgrades.
Since November 1986, the Company has had a professional services contract with Oklahoma City to provide a ticket writing system for a set monthly fee. For the fiscal years ended September 30, 1998 and 1999, the contract with Oklahoma City accounted for 6% and 4.4%, respectively, of the Company's total revenue. See Part I, Item 1 (b)(6).
During the fiscal year ended September 30, 1989 the Company entered into a contract with the City of Berkeley, California to provide its parking enforcement system. For the fiscal years ended September 30, 1998 and 1999, the contract with the City of Berkeley accounted for 7% and 5.2% of the Company's total revenue.
During the fiscal years ended September 30, 1998 and 1999, the Company had in place a total of approximately 104 and 108 systems, respectively, representing both systems installed directly by the Company and systems installed through joint venture relationships.
At September 30, 1999, the Company had working capital of $524,881 as compared to $440,204 at September 30, 1998. The Company's current ratio decreased from 4.49 to 1 to 3.21 to 1 from September 30, 1998 to September 30, 1999.
The Company anticipates using its working capital to fund ongoing operations, including general and administrative expenses, equipment purchases, equipment manufacturing, travel, marketing and research and development. The Company anticipates having sufficient working capital to fund operations for the fiscal year ending September 30, 2000.
The Company provided a total financial investment of $500,000 to Urban Transit Solutions between March 1998 and April 1999. UTS has been generating revenue since August 1998. Collections from parking lot fees from Cauguas commenced in January of 1999. The Company's loans to its primary bank and a private lender will be paid back by Company revenue and UTS revenue payments to the Company.
The Company has continually been modifying its printer models and has marketed its printers as a stand-alone product to delivery services and vendors who have a need for computer-generated receipts. During the 1996 fiscal year, the Company developed a new printer utilizing thermal line print technology. The Company also made significant upgrades to its standard printer. The Company believes there exists a tremendous market for the new printer as it is able to print a new bar code symbology (PDF 417) which is expected to become an industry standard in the next few years. This product may increase future revenues; however, there can be no assurance that the Company's marketing efforts will be successful. Upgrades to this model printer include new packaging in high tech colors and a short range RF (radio frequency) model.
Year 2000 Compliance
During the fiscal year ended September 30, 1997, the Company completed a total revision of its ticket system (and other systems) software which includes total operations in a Windows environment and complete capability for the handling of the year 2000 date issue. All new clients installed beginning January 1, 1997 are operating on the new system and pre-existing clients were converted to the new system. As of November, 1999, all clients are fully operational on the year 2000 compliant system. In addition to the software, computer equipment has been upgraded for existing clients as well. The equipment requirement for the Windows system requires faster computing capability with more memory along with the need for new bios that handles year 2000 dating on the computer itself.
During fiscal year ended September 30, 1999, the Company upgraded the remainder of its clients to its new year 2000 compliant software and hardware. Costs associated with the software portion of the year 2000 upgrade have been insignificant because the Company is continually upgrading and improving its software for its clients as a normal course of business. The hardware replacement represented approximately $70,000 in costs during fiscal 1999. The Company anticipates very little expense related to year 2000 issues in the next fiscal year.
The Company has experienced a large number of inquiries about its system related to the total program, special features and year 2000 compliance and anticipates growth in this area in the next fiscal year. In addition, the Company has had a significant growth in interest in the Denver Boot for vehicles as well as for security on other mobile devices including construction trailers and communications generators. The Company experience a pattern of growth with this product and antipates future sales to increase significantly. Management believes exposure via the Internet has been favorable for this product.
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Monday December 27, 1:19 pm Eastern Time
DENVER--(BUSINESS WIRE)--Dec. 27, 1999--Clancy Systems International's (OTCBB:CLSI - news) President Stanley Wolfson is pleased to announce year-end results with net income for year ended September 30, 1999, is $163,836 as compared to a loss of $28,028 for fiscal 1998.
Income for year ended 9/30/99 was $326,201 less adjustments for interest, deduction for obsolete equipment and a loss from its equity-based partnership, Urban Transit Solutions in Puerto Rico. Revenues for fiscal 1999 increased 29% over fiscal 1998.
The Company also announces it has entered into a parking citation issuance and processing contract with the city of St. Petersburg, FL. The Company anticipates the system will be fully operational by January 31, 2000. At the same time the Company will install a system at the Orlando, FL, airport. This steps up the program for the City of Orlando to cover all facilities.
Clancy Systems International, Denver Stanley Wolfson, President, 303/753-0197 website: www.clancysystems.com email: clancy@clancysystems.com
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Oct. 11, 1999
DENVER--(BUSINESS WIRE)--Oct. 11, 1999--Stanley Wolfson, CEO of Clancy Systems International, Inc. (OTCBB:CLSI - news), is pleased to announce the latest in the Company's expanding line of portable printing equipment.
Two new models are in production to replace older models in use by the Company's clients and will be offered as standard with all new installations.
New Printer:
The portable printer, with connecting cord, will now be offered in hot colors, including plum, berry, mango, watermelon, lime, smoke and crystal. The new contemporary look enhances the high-speed printer.
An RF (radio frequency) version offers cordless technology with the same high-speed printing capability as the standard model.
Since 1986, Clancy has produced state-of-the-art battery-operated portable printers. These new printers will insure Clancy's predominant position in the parking-violations-issuance business. The RF connection between the hand-held data terminal and portable printer allows the user flexibility in the field.
Y2K:
``I am also quite pleased to announce that the Company has completed its year 2000 upgrade for all clients. Several years ago the upgrade was a daunting task. New software had to be written and all computers in the field had to be replaced. The new software was written to operate under Windows and presents a very comprehensive package for the client. Once the software was tested and completed, we began a client-by-client upgrade program. This included data conversion, total hardware upgrade, software upgrade and training of clients on the new system. The project came in on time and under budget. I thank my staff for their dedication and enthusiasm, which resulted in a wonderful product and made the program possible,'' said Stanley Wolfson, Clancy's president.
February 23, 2000
Material Changes in Financial Condition
At December 31, 1999, the Company had working capital of $300,089 derived primarily from contract sales, as compared to working capital of $284,881 at September 30, 1999. The Company anticipates that working capital will be sufficient to meet its working capital requirements for the current year. Funds will continue to be used for general and administrative purposes, equipment purchases, equipment manufacturing, travel, marketing and research and development.
Material Changes in Results of Operations
During the quarter ended December 31, 1999, the Company generated revenues from contract sales from its professional services contracts, sales, and privatization contracts. Berkeley, CA and Oklahoma City, OK each generated revenues in excess of 5% of total revenues.
Revenues during the quarter were lower than the prior year's quarter by 19% which is primarily due to the completion of the Maywood ticket issuance contract which was completed as of September 30, 1999. Expenses decreased by 11% under the prior year's quarter due to elimination of expenses related to the Maywood contract. The Company reported a profit of $13,181 for the 1999 quarter as compared to a net profit of $33,517 for the prior year's quarter.
Forward Looking Information
Statements of the Company's or management's intentions, beliefs, anticipations, expectations and similar expressions concerning future events contained in this document constitute "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. As with any future event, there can be no assurance that the events described in the forward looking statements made in this report will occur or that the results of future events will not vary materially from those described in the forward looking statements in this document. Important factors that could cause the Company's actual performance and operating results to differ materially from the forward looking statements include, but are not limited to, (i) the ability of the Company to obtain new customers, (ii) the ability of the Company to obtain sufficient financing for business opportunities, (iii) the ability of the Company to reduce costs and thereby maintain adequate profit margins.
Chat Room Disclaimer
This new forum of exposure to publicly traded companies presents a venue for the public to inquire about companies from other individuals as well as post opinions.
The Company has no way to regulate postings nor monitor information disclosed on these boards.
Management can only provide information to shareholders and potential shareholders when contacted directly and such information can only be provided when it is based on fact and has been filed as required by law with the Securities and Exchange Commission and other regulatory agencies.
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DENVER--(BUSINESS WIRE)--Feb. 28, 2000--Clancy Systems International, Inc. (OTCBB:CLSI - news) announces three new contracts for its parking citation issuance and processing system.
Accurate Audit and Controls of Columbus, Ohio, has contracted for the Clancy program for monitoring private parking lots and operations in Columbus. The system will be operational effective March 15, 2000.
Utah State University, in Logan, Utah, has entered into a contract with the Company to automate its parking ticket issuance and processing system. This system will be operational by April 30, 2000.
ACE Parking of San Diego has negotiated a contract with the Company to use its parking ticket issuance and processing system for monitoring its private lot contracts in the San Diego area. The anticipated activation date for the system is May 15, 2000.
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