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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme

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To: Jack of All Trades who wrote (3244)	6/8/1998 11:01:00 AM
From: TokyoMex	Read Replies (4) of 8798

Subj: TEXN Date: 98-06-05 21:39:43 EDT From: CWood55485 To: TokyoMexx WENT BY TEXN TODAY FOR THE GRAND TOUR. TEXN IS LOCATED IN A LIGHT INDUSTRIAL PARK. I SPOKE WITH KEN WILSON FOR ABOUT AN HOUR. I WATCHED A SHORT MOVIE ON THE GRIPPER. THE FILM SHOWS A WORKER CLIMBING THE SIDE OF A SHIP. VERY IMPRESSIVE. TEXN HAS, ON GOING ORDERS WITH THE NAVY. THE GRIPPER HAS GOTTEN THE EQUAL TO OUR OSHA APPROVAL IN EUROPE. THEY HAVE SOLD 25 UNITS TO A COMPANY IN THE UNITED KINGDOM, WHICH IS DOING EXCESSIVE TESTING ON THEM. THIS COMPANY PLANS ON PURCHASING 300 UNITS AT $4700. ALSO THE NAVY WANTS A GRIPPER THAT WILL HOLD (WHO KNOWS WHAT ) TO THE SIDE OF A SHIP UP TO 60 NOTTS. IT CALLED THE JOHN WAYNE MAGNETIC PACK. TEXN HAS ALREADY SOLD 3 UNITS TO THE NAVY AT $32,000.00 EACH. THEY EXPECT AN ORDER AFTER JUNE 30 FOR 100 UNITS. YES I SAID 100 UNITS. 100 X 32,000 = 3,200,000. PRODUCTION TIME TO PRODUCE 20 DAYS. THE SEA-PATCH IS THE ONLY KIND ON THE MARKET. THE COMPANY WILL MOVE THAT DIVISION TO SAN DIEGO TO BE CLOSER TO THE NAVY.THEY DID GET THE PATENT ON THE SEA-PATCH. THEY DO HAVE AN ORDER FOR 2 UNITS (24'' MODELS). THE INSURANCE CO ARE GIVING DISCOUNTS IF THE SHIPS HAVE THESE DEVICES ON BOARD. THIS PART OF THIER BUSINESS IS JUST GETTING UNDER WAY. THE GUN SIGHT BUSINESS IS VERY PROFITABLE FOR THEM. THE PRODUCTION CAN BE INCREASED VERY EASILY. THE LABOR PART IS INSTALLING THE TRITIUM IN THE TUBES. ALSO THEY SIT IN THE DARK AND MATCH PAIRS OF SIGHT FOR COLOR AND BRIGHTNESS. THE LADIES MUST DO THIS MANUALLY AT THIS TIME . A MACHINE IS TO BE PURCHASED TO SPEED UP THIS PART OF THE OPERATION. THEY ALSO HAVE AN ORDER FROM THE DALLAS POLICE DEPARTMENT FOR 300 UNITS. THE FURNISHINGS WERE MODEST. THE EMPLOYEES SEEMED VERY POLITE AND HAPPY. I WAS TOLD THEY ALL OWN STOCK IN THE COMPANY. KEN ASK ME TO COME BACK AND HAVE LUNCH ONE DAY. VERY KIND AND FRIENDLY COMPANY. STATS: AUTHORIZED SHARE 100M OUTSTANDING 19M FLOAT 10M ALSO WAS TOLD, OF THE 10M FLOAT, 4M WERE IN FRIENDLY HANDS LOCKED AWAY. THATS ONLY LEAVES 6M FLOAT. KEN EXPECTS EPS .13 FOR 98. THE ACCOUNTANT INDICATED THE 1ST QUATER WAS VERY VERY PROFITABLE. THEY WERE WORKING OVERTIME, SATURDAY ON THE FINANCIALS. CHARLES

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