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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5
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To: GARY P GROBBEL who wrote (27183)12/29/2004 1:15:35 PM
From: GARY P GROBBEL  Read Replies (2) of 120415
 
QPDC 1.70

Year End Sept 2004

Rev $9.8m vs $7.6m

Net Inc $1.85m vs $1.07m

Per sh $.55 vs $.38

3.1m shares out-see below for filing info-

What they do...incl ground support equip for the US Gov't:

From 10k-
We have three wholly-owned operating subsidiaries. QPI Multipress, Inc. (“Multipress”), an Ohio corporation, is a manufacturer of hydraulic presses and accessories. The trade name “MultiPress” has been in use for over 60 years. On April 26, 2001 we acquired Columbus Jack Corporation (“CJC”), an Ohio corporation. CJC is a manufacturer of hydraulic jacks and other ground support equipment for aircraft. The trade name “Columbus Jack” has been in use for over 45 years. Multipress and CJC exhibit similarities and experience synergies in the areas of purchasing, production, engineering and accounting. However, the two companies differ in the areas of sales and marketing. Multipress uses a network of manufacturers’ representatives to distribute its products, whereas the majority of sales at CJC are United States government customers that are sold to directly using internal salespeople.end

Company is dropping to the pink sheets due to onerous costs of Sarbannes Oxley. However, they will still report their financial results. Many companies are going to the pinks for same reason...it is becoming like the old otc bb. But we do have a comprehensive site for pinks now and more and more trading is occurring on this 'exchnange. So, there will be visibility with both the company releasing results and the pink sheet site.
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