Started By: Dollar Bill
Date: Jul 1 1997 8:43PM EST
I am looking at this company..does anyone have any info on it?
Business Summary
Topro, Inc., a control systems integrator, provides software applications, system design and configuration in the manufacturing process control industry. For the six months ended 12/31/96, Revenues increased from $6 million to $16.1 million. Net loss from continuing operations decreased 98% to $4 thousand. Revenues benefitted from the acquisition of three subsidiaries in 1996. Lower loss reflects the absence of $1 million in expenses relating to distributorship.
Company Press Release
Source: Topro, Inc.
Topro, Inc. Launches New Initiative to Provide Comprehensive Plant Floor Year 2000 Solution and Services
DENVER, June 26 /PRNewswire/ -- Topro, Inc. (Nasdaq:TPRO), a leading provider of automation and system integration solutions to industry, today announced the launching of a major new business initiative based on its new product PlantY2K One(TM), a proprietary package of product and services designed to address year 2000 compliance problems in process control and factory floor automation systems.
John Jenkins, Topro, Inc. CEO said, ``While the year 2000 or millennium problem is being addressed at the management information system level in most organizations, we believe the plant floor issues have largely been ignored to date. These issues are very real and have potential for severe impact if not addressed.''
PlantY2K One(TM) is a full service offering that includes impact assessment, analysis, code conversion, implementation and testing. The company employs highly structured methodologies in all phases and includes well-accepted joint application development techniques in the conversion and implementation phases.
According to Jenkins, ``Most plant floor systems are complex combinations of hardware and software from a variety of vendors. We have found that many of these components have some sort of compliance issue. Further, a compliance problem with a single component and a corresponding solution must be considered in the context of the impact of the total system, which means that a system control integrator is the logical choice to effect the required comprehensive solution.'' He added, ``We believe this to be a very large opportunity for our organization; as far as we can tell, we are the only organization that has developed a solution specifically designed for the plant floor.''
While a key ingredient of the product is the company's data base of known plant floor hardware and software year 2000 compliance problems and the associated solutions, of equal importance is the size and experience of the company's staff. Topro, Inc. and its subsidiaries form the nation's largest independent process control and information system integrator. The company has more than 350 employees in 10 offices across the United States and develops integrated process control systems for companies in aerospace, automobiles, consumer goods, food and beverages, pharmaceuticals and public utilities.
The company plans initially to take PlantY2K One(TM), to its installed customer base of more than 4000 sites across the U.S. but will quickly extend to a full national roll-out. Topro, Inc. has branch offices in Portland, OR, Los Angeles, Sacramento, Phoenix, Denver, Atlanta, and Philadelphia and will have intra-net access to the central solution data base, offering customers the desired combination of local service supported by a database created on and constantly refreshed by national experience. The company is already engaged in PlantY2K One(TM) projects at several fortune 500 companies.
The company plans initially to support PlantY2K One(TM) with its own staff. Key portions of the product have been designed to allow potential licensed use directly by customers or other trained third party system integrators with Internet support by the company's designated technology center.
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SOURCE: Topro, Inc.
Contact: John Jenkins of Topro, Inc., 303-935-1221; or Scott Liolios of Pacific Consulting Group, Inc., 714-574-3860
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From: Dollar Bill Jul 18 1997 8:20PM EST
Reply #135 of 135
(TOPRO Thread)
Greetings All!
Well first I would like to thank all of your insightful comments and input regarding TPRO. Over this past weekend, while lounging beside the Tropicana Pool In Las Vegas (does it get any better than that?) I read the investors information that was sent to me by TPRO.
First, anybody owning, or interested in this stock must make the request! The information is understanndable and gives a clear history of the company. Sufice to say the "new" management is bent on changing the course of business -- which I believe is extremeley positive! Less municipal work and more private enterprises. In addition, I informed their investor relations of the start of this thread. I hope they are watching!
Second, this is a solid compnay with an ongoing business. They have been around for while and do have a proven track record. Management is "relatively" young, so in my opinion, are more tuned to the future and the Y2 problems that may exist.
Karl, I am particularly impressesed with your background information on the company. Please keep us informed!
As for the TAVA designiation, in conversation last week with the company the name change will occure. When is unknown at this time. I will begin a new thread to make sure we all keep current! See TAVA Technologies (aka) TOPRO.
As for the recent price pop. I think this was fantaistic (grin) as a made I bundle...and the recent profit taking in the market as the dow hit 8000 gives each of us a TREMENDOUS BUYING opportunity as overall market conditions will drive the price a bit lower than its recent high! I firmly beleive that such a movement is shortlived however. As news of this equity becomes even more pronounced the stock should see a nice pop again, and again (hopefully). I would suggest to all of you, a play of both common stock and warrants as I have done! I have noticed that even though a slight correction has occured its only been in the common stock, not the warrants.
In addition, anyone having technical analysis opinions is encouraged to supply their thoughts. My program does not include stcoks under $5.00 / share at this time. However...after requesting that TPRO be added to the database..the response was..it appears we will add it very soon. Wish the told me what they found out when they ran it!!
Lets all have fun with this one, and lets get the word out on this baby.
Best of luck to all of you. I hope that I have found a WINNER!
$BILL |
