read all the way to the bottom:
TVIN (OTC BB .16) fits exactly into requirements for the military for the coming years. Just about everything they do is either military or anti terrorism down to the core. Plus, they have increasing rev, made approx $750,000 last year, are increasing rev this year and stand to benefit probably immediately from increased military orders. And it gives you a chance to take a low risk shot at this coming conflict. 25m outstanding. Note esp the counter-terrorism products and the mass decontamination products. Brief description then recent news:
TVI Corporation is an integrated specialty products manufacturer which
designs, fabricates, and markets final products and systems directly for end
users. Principal product groups are designed to serve counter-terrorism,
military, HazMat, and hospitality applications. Product groups include
various framed, fabric structures for tentage, signage, and promotion;
supporting utilities such as gensets, lights, heaters, and showers; and
associated accessories and supplies. All fabric structures employ an
articulating frame covered by one or more patents. The company also has a
thermal products group which includes targets, IFF devices, beacons and
markers, and decoys. The company's product strategy is to enlarge each
product family by both internal and external means, and to modify and create
versions which will have utility for clients in all of its major market
segments.
Principal Products. The Company's principal product lines in 2000 were
disposable thermal military targets, military soft shelters (tents),
commercial soft shelters and signage, and decontamination systems. The
targets consisted mainly of modules designed to simulate the thermal signature
of military tanks and related military assets. The military shelters
consisted mainly of one piece shelters with 150 to 400 square feet of floor
space used for forward tactical applications such as command posts,
communications, and aid stations. The principal commercial products were
small rapid deploy shelters used primarily by emergency services agencies and
by child safety groups. Display signs were also sold to the child safety
groups. The decontamination systems consist of a shelter, water heater, and
accessories such as hoses and shower nozzles. They are designed fffor
decontamination of mass casualties resulting from a terrorist attack using a
Weapon of Mass Destruction. All shelters and signage employ the Company's
articulating frame technology.
Competitive Conditions.
(1) Targets. The Company competes with two or three other small
companies in the thermal target market. The Company believes that its targets
are technically superior to the competing products, and are favored by the
military tank gunnery ranges. However, because of procurement regulations,
the company must compete on price as well as technical considerations. There
was diminished competition during 1999 and 2000, and the company was the
dominant supplier to the military armor ranges.
(2) Soft Shelters. The Company competes with two small companies which
make military shelters functionally similar to the TVI shelter. These
companies appear to have greater marketing and production capabilities than
TVI, and one has a larger customer base. There are also a large number of
companies which make a variety of military, commercial, and recreational
shelters, and which may compete with the Company in one or more markets. All
of these companies are larger and have greater resources than TVI. Because of
procurement regulations, many shelter sales to military agencies are
competitive, and the Company typically competes with several other bidders.
(3) Decontamination Systems. The Company competes with one company
which has become the largest integrated supplier of traditional HazMat and EMS
products as well as WMD products. This company appears to have
substantially greater marketing and production capabilities than TVI.
Additionally, the Company competes with a number of both large and small
companies which specialize in the public safety and HazMat market. Most of
the companies are well entrenched in the public safety market.
(4) Signage and Promotion. This is a very large, diverse, and mature
market, and the Company is a very minor factor. Its strategy is to find niche
applications which can benefit from the portability, rapid deployment, and
unique appearance of its products.
Recent news:
(COMTEX) B: TVI - Appointment of Southeast Marketing Manager
B: TVI - Appointment of Southeast Marketing Manager
New York, New York, Aug 22, 2001 (Market News Publishing via COMTEX) -- TVI
Corporation announced that it had appointed Gary D. Gossett as Regional
Marketing Manager for the Southeastern area.
Mr. Gossett has extensive experience and education in the fields of Emergency
Management and Emergency Response Planning for natural and man-made hazards and
incidents.
Previous employment includes assignments for training and evaluating special
units for roles in counter-terrorism, as a planner in the Chemical Stockpile
Emergency Preparedness Program (CSEPP), as a Deputy Director of Emergency
Management, and as a Security Manager for the Atlanta Committee for the Olympic
Games.
He was most recently employed by Battelle Memorial Institute as a training
specialist in the National Guard Weapons of Mass Destruction (WMD) program and
other national defense programs.
Mr. Gossett attended Midwestern State University in Texas, and has completed a
number of Army resident training courses. His Army training included
approximately ten months at the U.S. Army Chemical School, completing both the
Chemical Officer's Basic and Advanced Courses. He is also a graduate of the Army
Military Police Officer's Advanced Course and the Combined Arms Services Staff
School.
He is currently scheduled to attend the Command and General Staff College. Mr.
Gossett is a member of the U.S. Army Reserve with the rank of Major.
Allen Bender, CEO of TVI, noted that the appointment of Mr. Gossett was a major
step in the company's plan for growth. "Gary brings substantial expertise and
knowledge in the company's two primary markets - counter-terrorism and military
applications," he said. "His practical skills in training and planning will be
particularly relevant in our marketing initiatives."
Mr. Bender noted Mr. Gossett was well known in professional circles, and would
lend credibility to the company's product lines. He also noted that the
Southeast offered significant revenue opportunities for the company due to its
large number of military bases, industrial and port cities, and other large
population centers.
Mr. Gossett will concentrate his efforts on the states of Florida, Georgia,
Mississippi, Tennessee, Louisiana, and Alabama. He will initially work from his
home in Anniston, Alabama.
TVI is a leading manufacturer of quick erect tents and signage, casualty
decontamination systems, and thermal targets in its 25th year of operations. Its
stock trades on the OTC Bulletin Board under the symbol TVIN. More information
is available at the company's website at www.tvicorp.com.
CONTACT: TEL: 301/352-8800 Allen E. Bender, TVI Corporation
MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.
(C) 2001 Market News Publishing Inc.
-0-
KEYWORD: New York, New York
*** end of story ***
(COMTEX) B: TVI Corporation Reports Record Revenue and Continuing Profit
B: TVI Corporation Reports Record Revenue and Continuing Profitability for
Second Quarter
GLENN DALE, Md., Aug 8, 2001 (BUSINESS WIRE) -- TVI Corporation announced
Wednesday that its revenues for the quarter ending June 30 had exceeded one
million dollars, the first such quarter in many years.
Unaudited financial results for three and six month periods ending June 30, 2001
and 2000 were as follows:
3 mos 2001 3 mos 2000 6 mos 2001 6 mos 2000
----------- ----------- ----------- -----------
Revenue $ 1,032,079 $ 654,765 $ 2,026,217 $ 1,502,072
Cost of Goods 515,317 312,897 1,024683 692,072
Gross Profit 515,762 341,868 1,001,534 810,000
S,G,&A
Expense 233,318 212,441 622,408 432,262
Operating
Income
(Loss) 184,484 129,427 379,126 377,738
Other Income
(Expense) 00 102,644 00 102,644
Option
Exercise
Expense (20,750) 00 (20,750) 00
Net Interest
Expense (627) (2,524) (10,567) (4,862)
Net Income $ 163,107 $ 229,547 $ 347,808 $ 469,076
Earnings per
share .006 .009 .014 .019
Shares
Outstanding 25,246,035 24,401,307 25,246,035 24,401,307
Allen Bender, TVI's CEO, noted that second quarter results had met budget and
were consistent with previous quarters' results. "We continue to concentrate on
developing new revenue streams while maintaining our historical markets," he
said.
Mr. Bender noted that the company's strategic development plan had been
discussed at the Annual Meeting on June 6, and that minutes of the meeting were
available on the company's website on the Internet.
The company noted that revenues were higher as a result of continuing acceptance
of its Counter Terrorism products and specifically its mass casualty
decontamination equipment. Sales of thermal products remain depressed due to
severe funding limits at the ranges.
Mr. Bender noted that detailed quarterly financial data including management's
discussion and analysis will be included in Form 10-QSB to be filed shortly with
the SEC. The report will be available from EDGAR on the Internet.
TVI is a leading manufacturer of quick erect tents and signage, casualty
decontamination systems, and thermal targets. Its stock trades on the OTC
Bulletin Board under the symbol TVIN. More information is available at the
company's website at www.tvicorp.com.
CONTACT: TVI Corporation
Allen Bender, 301/352-8800 |
