TR...i have followed them for about 4 years as well. If you buy around today's price (1.00) there always seems to be a point much higher when you can sell, as you indicated. We have two solid contracts recently (including this one today) and with so few shares outstanding good news CAN go a long way. It is a dark horse play in the telecomm sector for me...I have always done well with it:
(COMTEX) B: Datamarine International Inc. Receives $425,000 Order for
B: Datamarine International Inc. Receives $425,000 Order for VHF/DSC Marine
Communication Systems for Use by Israeli Navy
MOUNTLAKE TERRACE, Wash., May 16, 2000 /PRNewswire via COMTEX/ -- David
Thompson, President, Datamarine International Inc. (OTC Bulletin Board: DMAR)
announced today the award of an order totaling more than $425,000 for use in the
Israeli Navy's communications systems. The equipment will become a substantial
part of the Navy's Global Marine Distress and Safety System (GMDSS).
Thompson stated, "We are pleased to receive this order because it represents
growing recognition of the excellence of our GMDSS engineering efforts. Marine
communications is increasingly moving toward the use of state-of-the-art RF
techniques and our Company, as a U.S. manufacturer, is increasingly being
recognized as a important GMDSS provider."
The order not only includes hardware but also substantial on site GMDSS training
and service support. It is a significant order for Datamarine in establishing
the Company as a substantial GMDSS provider.
Datamarine markets its instrumentation and electronic charting products under
the Datamarine label while its extensive line of marine communications products
are sold under the SEA brand. The Company has more than 400 dealers in the
United States as well as distribution agreements in 30 countries throughout the
world.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: Statements which are not historical in nature are forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. This press release contains
forward-looking statements relating to future events or the Company's future
financial performance that involves risk and uncertainties. These
forward-looking statements are only predictions and are not guarantees of future
performance. All forward-looking statements included in this document are based
on information available to the Company on the date hereof, and the Company
assumes no obligation to update any such forward-looking statements. Other
potential risks are those identified in the Company's SEC filings.
CONTACT: David C. Thompson of Datamarine International Inc., 425-771-2182.
SOURCE Datamarine International, Inc.
CONTACT: David C. Thompson of Datamarine International Inc.,
425-771-2182
(DMAR)
prnewswire.com
(C) 2000 PR Newswire. All rights reserved.
-0-
KEYWORD: Washington
Israel
INDUSTRY KEYWORD: CPR
ARO
SUBJECT CODE: OTC
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