I just noticed that stockpicks1.com is profiling TEXN. Looks very good.
Stockpicks1 Report
OTC:BB TEXN
Our newest profile is 21st Century Technologies, Inc. (OTC:BB: TEXN) a
company that has amazing potential. TEXN is profitable, with zero debt,
highly competent management and with several products that will catapult
earnings dramatically higher. All this and the stock trades in the
$0.13-$0.15 range. An absolute steal.
Because of a such a cheap share price coupled with an enormous upside
potential, our analysts believe TEXN will be a major winner for investors.
We
think the short term range of the stock could hit $..85 to $1.00 , with a
longer
term range (6 months to a year) of about $3-$5.
REPORT
TEXN is composed of five divisions, all with excellent potential:
(1) TRADE PARTNERS INTERNATIONAL, Inc. This division's primary product is a
tire sealer that helps prevent tires from going flat. It is a
before-the-fact
product: you put it in your tires and they resist puncturing. In tests,
bicycles and motorcycles ran over nails without suffering punctures. TEXN
is
reportedly in the final stage of negotiating with a major nationwide retail
outlet to carry this unique product. The company has the capacity to sell
more than 1 million units of the product a month. This division alone has
the potential of sending the stock price of TEXN sky high.
(2) INNOVATIVE WEAPONRY INC. This division, another 100% owned subsidiary of
TEXN, designs and manufactures night sites for firearms. They are one of
only
three producers of these devices in the world and their market share is
increasing. This division currently sells night sights to the military,
police agencies and to the civilian market. It was profitable in 1998 and
has increased revenues during 1999.
(3) TRIDENT TECHNOLOGIES: Trident is a 100% owned subsidiary of TEXN. It
has
developed under license from the Los Alamos National Laboratory a patented
device known as the "Sea Patch." The "Sea Patch" can repair hull breaches in
ships and allow them to get safely to port without taking on water or
discharging the contents of its hold into the sea. It is the only device of
its kind in existence. On November 9, 1999 the company announced that the
American Bureau of Shipping (ABS) finished testing the Sea Patch, and the
device passed the tests with excellent results and would be certified by the
Bureau. The ABS certification opens the doors to U.S. Merchant Marine use,
U.S. Coast Guard recommendation and U.S. Naval examination. TEXN says that
the U.S. Coast Guard had expressed intense interest in the Sea Patch, in
particular for use on barges that transport oil and chemicals via inland
waterways in the U.S. The company also mentioned that there were several
major oil companies that were interested in the Sea Patch as a preventive
measure to oil spills resulting from hull damage. There was even a hint that
the U.S. Coast Guard might require vessels that carry oil, hazardous cargo
or
other environmentally damaging materials to have on board a Sea Patch or
even
several of the devices. The Sea Patch also has obvious applications for the
military: if it can keep warships from sinking that have had hull damage,
wouldn't they be worth having aboard? We think the company has an excellent
chance of securing contracts for the Sea Patch from the U.S. Navy, major oil
companies and of obtaining U.S. Coast Guard support for the device as an aid
to protecting the environment. We think this division by itself has the
potential of sending TEXN stock price sky high.
(4) CLOSE QUARTERS BODY ARMOR. This wholly owned subsidiary has developed
body armor resistant to ice picks and other knife-type objects that defeat
current body armor. There is intense interest in this product from several
state corrections agencies as well as police agencies from around the
country. The company is currently in negotiations with large state
government agency interested in the product. This division should do well
indeed.
5) GRIFFIN, USA This subsidiary is the U.S. importer of the Griffin firearm.
The Griffin is a replica of the Colt .45. Recently, Colt announced it would
not be selling its firearms to the civilian market and so this division
should increase revenues in coming months.
MISCELLANEOUS
The company is run by Ken Wilson, a seasoned, focused executive who our
analysts believe has the right stuff to take TEXN to new levels. Mr. Wilson
has stated there is no chance of a reverse split in the stock, and that he
is
determined to maximize shareholder value. We believe he will do it.
SUMMARY
The company's five fully owned divisions all have excellent potential. Two
of them --TPI and Trident -- have outstanding potential. Add zero debt,
competent management, current profitability and a low share price, and we
think TEXN is an amazing value. With an announcement from the company that
it has concluded a major deal with any of its products – and there are
several ongoing negotiations in final stages – . It is why we have chosen to
profile TEXN and why we believe it will be a
major winner for all investors.
__________________________________________________________________
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company profiled herein to differ materially from these indicated by such
forward-looking statements. |
