Interactive Solutions Corporation

Symbol: 
INSC

Recommended: 
01/21/02

Price at 
01/21/02: $2.50

52 Week Range: 
$1.00 - $6.50

Financial Summary

Share-Related Items

Recent Price (01/21/02) $2.50
Market Capitalization $31.9M
Shares Outstanding 19.03M
Float 500K
Delayed Quote


Interactive Solutions Corporation is currently listed on the pink sheets and expects to complete an audit to be submitted to the SEC in the next several months.  As such, at this time we have no financials to be able to review.  However we feel that waiting until financials are available on this company could be a detriment to those looking to make a speculative play on a company that is, in our opinion, ready to break out.

Principal business address:

2600 Michelson Drive, 17th Floor
Irvine, CA 92612

Phone:( 949) 724-1111
Fax: (949) 724-1181
Toll Free: (866) eGAMING (342-6464)

www.aboutisc.com 

Business Description
Interactive Solutions Corporation went public on February 2, 2000.  The Company is a Nevada Company with corporate headquarters located in Irvine, California, the heart of Southern California's "Technology Coast".  This area is home to one of the world's largest concentrations of high-growth technology companies.  INSC is made up of two divisions; Spiralcase™ and ThumbTrax™.  Spiralcase™ provides cutting-edge E-Gaming software products while ThumbTrax™ provides revolutionary biometric technology products and state-of-the art security systems for corporations, private organizations and individuals.

In the two years of existence, INSC has already become a brand name in the E-Gaming industry.  INSC's recent acquisitions/alliances include:

  • Acquisition of CyberVegas.com, an industry information website 
  • A strategic alliance with Encore Software Inc, major retail distribution partner
  • Integration of eSuccess SolutionsCitadel™ advanced payment fraud detection system into Spiralcase™ interactive gaming software.

CyberVegas.com

INSC owns CyberVegas.com, a search engine and information portal for the gaming industry.  The Company plans for CyberVegas.com to be one of the most comprehensive gaming news and information portals on the web.  Features include:

  • Sporting news
  • Game results, chat, tips
  • Hotel and show reservation booking
  • Gaming news
  • Industry financial information

Encore Software Inc.

Interactive Solutions Corporation recently formed a strategic alliance with Encore Software, a leading publisher of educational, entertainment and reference software.  Encore is the nation's largest, privately-held consumer software publisher ranking second in casino software sales.  Encore highlights:

  • Top 25 Retail Software Publisher
  • On Inc, Magazine's list of America's Fastest Growing Private Companies, 2000
  • Award-winning Advantage software line and National Geographic, Kaplan et al
  • Products are carried by every major software retail outlet available in more than 36,000 stores nationwide

The Company's websites are located at www.isolutioncorp.com and www.aboutisc.com

Key Management
Edward M. Tracy
Chairman of the Board of Directors 

Mr. Tracy is a twenty-year veteran of the service, marketing and hospitality industries.  During his tenure in these industries, Mr. Tracy has served in corporate finance positions including supervision of all aspects of Securities and Exchange Commission public company reporting and compliance, strategic development for mergers and acquisitions as well as a chief executive position.

Prior to joining INSC, Mr. Tracy was an investor and advisor to numerous startup companies.  Prior to 1999, Mr. Tracy was Chairman and Chief Executive Officer of Capital Gaming International, Inc.  Mr. Tracy was appointed President and Chief Operating Officer and Director of the company at its inception in January 1993 and became Chief Executive Officer in 1995.  His extensive experience in the gaming and hotel industry prior to that includes serving as President and Chief Executive Officer of The Trump Organization, which included all casino, hotel, entertainment and numerous sub-companies including Real Estate and Aviation entities.  During his tenure at The Trump Organization, Mr. Tracy was responsible for managing over 12,500 employees, 3,000 luxury rooms and 240,000 square feet of casino space, which produced annual revenues in excess of $1 billion.  Prior to that, he served as Vice President and General Manager of the Sands Hotel and Casino in San Juan, Puerto Rico.  He has also served as Vice President and Director of Hotel Operations for Middex Hospitality, a New York based hotel Development Company.  Mr. Tracy began his career in the hotel industry during his five-year (1978-1982) tenure at the inception of Hotel Investors Trust in which he served in several executive positions including hotel and casino financing, development, acquisitions, operations and marketing.

Mr. Tracy holds a Key Employee Casino License with the State of New Jersey Casino Control Commission and has, in the past, held a Key Executive License with the Commissioner of Financial Institutions of the Commonwealth of Puerto Rico.  Additionally, the National Indian Gaming Commission and the state gaming regulatory agencies in Arizona, Oregon, and Washington license him.

Ed Fishman
Board of Directors

Widely recognized as gaming's savviest marketer and innovator, Mr. Fishman has been a pioneering force in the industry for more than 40 years.  His extensive expertise ranges from casino comps and gaming tournaments to riverboat gaming development and high-energy casino marketing.  Mr. Fishman's entrepreneurial spirit, vision and experience in every facet of casino marketing spells success for INSC in the future of gaming ... on the Internet.

Background:

  • Founder, Former Chairman & CEO of Players Club International
  • Invented slot club cards and casino credit card cash machines
  • Created the first modern gambling tournament in 1978

Merle Berman
Board of Directors 

Ms. Merle Berman is a three-term Nevada legislator and a twenty-eight year resident of Nevada.  She was the impetus behind the Interactive Gaming Bill introduced in the 2001 Nevada legislature, which passed and was signed into law by the Governor in June 2001.  Ms. Berman's background is in real estate and development in the Las Vegas area.  She is the recipient of numerous awards, most recently named Legislator of the Year by the American Cancer Society and honored by AARP for her continued work for seniors.  Ms. Berman is a graduate of Pennsylvania State University with a Bachelor's degree.

Anthony Geisler
Chief Executive Officer

Over the past decade, Mr. Geisler has built five different business-to-business companies that provided marketing, importing, and strategic Internet consulting services to a range of businesses in a variety of different industries.  His last venture, The Internet Marketing & Management Group, which he established with his partner David Bailey, focused on developing e-commerce opportunities for brick and mortar companies which lacked an online presence and wished to pursue convergence as a growth strategy.  From this work, the concept for INSC was conceived.  Today he oversees development and sets the organizational and strategic goals of INSC.  Mr. Geisler graduated from the University of Southern California with a BS in Business Administration and received one of their highest awards of special recognition from their Entrepreneur Program.

David Bailey
President

A veteran Internet entrepreneur, Mr. Bailey brings to INSC a vast array of experience from working with over 5,000 different sites in the gaming, television, film, recording, apparel and medical fields.  As the founder of Gateway Technology, which specialized in java-based Internet e-gaming software, Mr. Bailey acquired a tremendous foundation of experience and expertise in Internet application development and design, which are now a great asset to INSC.  In 1998, Gateway was sold to Chartwell Technology, a publicly traded Canadian company, for millions in stock.  Prior to that, Mr. Bailey built The Internet Marketing & Management Group, after acting as Chief Operations Officer for another private Internet entertainment company.  Mr. Bailey sets the corporate direction and oversees all licensing contracts for INSC's software and other product lines.

 

Analyst Summary

Chart Courtesy of Stockgroup's Smallcapcenter.com

Interactive Solutions Corporation was founded in 2000.  From a single concept at a trade show to a multi-million dollar publicly traded company in one year; not bad performance.

Once Las Vegas was a mecca for the rich and famous, but now major corporations shape the way that Vegas is viewed.  They have done this by building multi-billion dollar resorts to provide additional value for shareholders, but also to attract vacationing families by creating both activities and an experience.  People travel to Las Vegas for the complete package; sights, sounds and a wide variety of attractions.  As INSC says, "Within one block on Las Vegas Boulevard you can try your hand at the slot machines or gaming tables, see a world- renowned art collection, ride a roller coaster, take in a Broadway show, watch a spectacular water show, visit several major hotels and indulge in any number of family-oriented activities.  It's Vegas for the new millennium and its all about giving visitors and experience they will never forget."

That's where Interactive Solutions Corporation comes in.  By virtually re-creating the excitement of Las Vegas, INSC brings the action to your home, 24-hours a day, seven days a week.  INSC combines innovation, opportunity and entertainment through sophisticated, revolutionary products.

As many e-businesses continue to close their virtual doors, INSC is leading the way into the next generation of Internet commerce; E-Gaming.  According to Bear Stearns Equity Research on Consumer Gaming, Currently there are more than 1200 E-Gaming web properties worldwide.  Most of these companies operate offshore, beyond U.S. jurisdiction.  The catch is that almost 70 percent of global internet usage originates in North America.

In its March 2001 report, Bear Stearns estimated that E-Gaming could generate an estimated $5 billion in revenues by 2003.  What do you get when you mix the fastest growing industry in world history, the Internet, with the world's most profitable Industry, legalized gambling?  The answer is millions of dollars in profits.  INSC is well positioned to fully capitalize on the growth in E-Gaming and to realize its share of these profits.

Terry Lanni, Executive Chairman of MGM Grand has said, "Internet gaming is here to stay and I think it will grow dramatically."  "This online gaming industry is really moving more quickly than I might have predicted... even a year ago," commented Sue Schneider, Chairwoman of the Interactive Gaming Counsel.

Some highlights of the past year:

  • INSC's gaming software has not taken any U.S. bets
  • Two licensees of its gaming products:
    - Encore Software Inc. distributed INSC's Vegas Fever Winner Takes All software package to over 36,000 retail locations.
    - Venetian Resort-Hotel-Casino

We believe that Interactive Solutions Corporation is an excellent speculative play.  Take particular note of the public float.  There is not a lot of stock available on the open market.  We believe that this stock is poised for significant gains and waiting until the news reaches the broad market will make what stock there is highly sought after.

Recent News
(all times are US Eastern)

Nov 26, 2001 5:02:00 PM

Nov 14, 2001 6:01:30 AM

Nov 12, 2001 2:11:00 PM

Nov 9, 2001 7:13:00 PM

Nov 9, 2001 6:00:00 AM

 

Contact Information
Interactive Solutions Corporation 
Ashley Powell
(949) 724-1111
ashleyp@isolutioncorp.com 

Visit the Company Website at www.isolutioncorp.com

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