This is an interesting situation...at present I would say high risk/high reward. The company has been in business for a long time. There are some licenses they own that I would describe as hidden assets. Certain product lines should play into this telco market now but money is tight. You need to read the filings on this one. AND it is low outstanding low flt so be careful and use limits if you decide to do anything after doing your due diligence. Filings and profile avail at Edgar.
(COMTEX) B: DATAMARINE INTERNATIONAL INC. 220 MHZ MOBILE BACKLOG EXCE
B: DATAMARINE INTERNATIONAL INC. 220 MHZ MOBILE BACKLOG EXCEEDS $1,000,000
MOUNTLAKE TERRACE, Wash., Feb 1, 2000 /PRNewswire via COMTEX/ -- David
Thompson, President, Datamarine International Inc. (OTC Bulletin Board:
DMAR) announced today that the backlog for its 220 MHz mobile radio,
model SEA-604 , has reached $1,200,000, or approximately 3000 radios.
The radio which has both voice and data capability has generated an
excellent market response for low cost SMR dispatch applications.
An additional feature, which is generating demand is the fact that the
radio will be retrofitable for wide area networking using *LTR-Net(TM).
SEA as a LTR-Net(TM) licensee is developing appropriate mobile software
which it plans to introduce this year.
Thompson stated, "We are very encouraged by this growing awareness of
the advantages of the 220 MHz service, both economically, as well as
from a radio performance standpoint."
Datamarine is a US manufacturer of both marine and land mobile radio
communications equipment. SEA, a wholly-owned subsidiary of Datamarine
International Inc., is the leading manufacturer and supplier of
spectrum efficient 220 MHz radio systems including mobile radios for
voice and data transmission, portable radios, and base station radio
repeaters. SEA designs, develops and manufactures 220 MHz radio systems
and has supplied the radio infrastructure equipment for more than 650
systems, which accounts for approximately 70% of all networks.
SEA is the largest supplier of 220 MHz equipment with over 26,000
mobile and portable SEA radios operating in the field.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995: This press release contains forward-looking statements
relating to future events or the Company's future financial performance
that involve risks and uncertainties. These forward-looking statements
are only predictions and are not guarantees of future performance.
Actual results could differ materially from those anticipated in these
statements based upon a number of factors, including the Company's
potential inability (a) to obtain financing to fund the proposed
acquisition at an acceptable rate or at all, (b) to consummate the
proposed acquisition on satisfactory terms or at all, or (c) to
successfully integrate the proposed acquisition into the Company's
operations after closing. Other potential risks are those identified in
the Company's SEC filings.
* Reg. Trademark E.F. Johnson Co.
CONTACT: David C. Thompson of Datamarine International, Inc.,
425-771-2182.
SOURCE Datamarine International, Inc.
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: David C. Thompson of Datamarine International, Inc.,
425-771-2182
(DMAR)
GEOGRAPHY: Washington
INDUSTRY CODE: CPR
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