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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5
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To: GARY P GROBBEL who wrote (19990)4/20/2004 2:29:58 PM
From: GARY P GROBBEL  Read Replies (1) of 120413
 
DFNS .40/.44..kind of odd we have corrected so sharply...i mean, this is the stuff you want to own:
'
From year end:

Mr. Fostbinder concluded, "During the year, we made several important additions to our product family, introducing minefield protection shoes and expanding our line of vehicle armoring kits to include lightweight armor designed for trucks and vans. We believe that the respective end markets for these products are substantial and that both products have the ability to contribute significantly to the Company's future revenues. In the first quarter of 2004, we received orders for our new vehicle armor kits from an international customer. The initial response from this customer has been extremely positive and we expect to receive additional orders during the year."

"Since the establishment of our South American joint venture and the first shipment of our products in May 2003, we have secured several new customers and received follow-on orders from our initial customer. We believe that the potential for continued growth in this market exists, as demand remains strong and customers have recognized that our products are among the best in the industry."

Revenues for the year ended December 31, 2003 were $9.03 million, compared to revenues of $10.63 million in 2002. The Company reported comprehensive income for 2003 of $263,957, compared to comprehensive income of $136,288 for 2002. Comprehensive income for each period includes adjustments related to foreign currency translation and unrealized gains or losses on securities available for sale.

GO HERE:

defense-industries.com
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