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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Jim Bishop who wrote (98249)12/20/2001 4:23:24 PM
From: Trumptown   of 150070
 
Future looks OK...wuddya get for a buck these days anyway?

>>"RVSI has reduced its fixed expenses from a peak of nearly $30 million per
quarter to a present $18.2 million," Mr. Costa said. "With the sale of our
Material Handling business, those fixed expenses will decline even further, to
just over $16 million, yielding a break-even rate of approximately $32 million
of sales per quarter. Despite these cost reductions, we have retained our key
technology and staff, our market position, and our ability to respond quickly
when the inevitable upturn comes.

"While current visibility is poor, we see our long-term future as very bright,"
Mr. Costa said. "Both of our businesses are built on solid technological bases
with exceptionally large and robust growth potential. Despite the downturn, we
have built a unique and powerful strategic position on both sides of our
business. The tremendous promise of these endeavors is undiminished, only
postponed for a few quarters."<<

SR
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