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Microcap & Penny Stocks : Microvision (MVIS)
MVIS 0.929-2.2%Jan 9 9:30 AM EST

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To: David Rodella who wrote (576)10/9/1997 10:53:00 PM
From: Stephan Gregory Chase   of 7721
 
David,

No doom and gloom here, except that I don't think a contract has been awarded yet. I pulled the accompanying text below off the Department of Commerce's server. It appears to me that what has been announced is a procurement, which is a contract solicitation. If you read it the government believes that Microvision is the only company qualified to respond to the solicitation.

I'm inferring from the text that the bid is due on November 17, 1997 and that we'll hear something about this from the company sometime after that date. This is marvelous news as I've been hoping for something like this for some time. Just the acknowledgement that the government can not locate another company with the capabilities of Microvision is an outstanding validation of what we have believed all along.

I think that much better days are ahead of us and this company.

Stephan

THE TEXT FOLLOWS:

PART: U.S. GOVERNMENT PROCUREMENTS
SUBPART: SUPPLIES, EQUIPMENT AND MATERIAL
CLASSCOD: 99--Miscellaneous
OFFADD: Commander, U.S. Army Aviation and Missile Command, Acquisition
Center, Redstone Arsenal, AL 35898-5280
SUBJECT: 99--VIRTUAL RETINAL DISPLAY
SOL DAAH23-98-R-00071
DUE 111797
POC Rosie M. Bell, Contract Specialist, AMSAM-AC-SA-K, (205)
955-9318.
DESC: The proposed acquisition is for Phase I Prototype Development of the Virtual Retinal Display for the Aircrew Integrated Helmet System compatibility development program. The statement of work, which will be provided with the solicitation, contains effort required for the Virtual Retinal Display development program. Microvision of Seattle, WA is the only source identified with a Virtual Retinal Display System found as a result of a market research.
CITE: (I-275 SN129960)
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