Robert
here is latest on ivm, this kind gives update as to were there going. Notice, that this year they plan on saling 30000 units to mack, you can do the math, but one thing is for sure, this company is for real, and will have significant revenues this year. Do you have opinion on this stock, or from techinical point of view, it seems to be putting in nice base at 1.30 level.
Mr James McCarney reports All of the company's corporate goals for the year
have been realized. The company's expectations for 1998 are even greater as
the company has finally achieved its long anticipated breakthrough to
commercial operations. The systems being designed today by IVS are
considered advanced information tools that allow defined life cycle
maintenance management techniques to be applied to trucks and autos. It is
generally agreed in the industry today that these systems will be mandatory
for auto and truck manufacturers in the near future to effectively market
products in a highly competitive global marketplace. IVS is currently
working under collaborative agreements with Mack Trucks, GE Capital Fleet
Services, Hewlett Packard, SPX-OTC and others. The purpose of these
agreements is to design a family of products that will fully satisfy the
complex diagnostic needs of modern vehicles with the end goal of increasing
consumer confidence and loyalty. The company announced in Stockwatch
December 16 1997 that it had completed its first commercial product for
Mack and had arranged the initial production order of 2,500 systems with
SPX-OTC, one of the world's largest manufacturers of vehicle diagnostic
equipment. This order has a value in excess of $4,000,000 and IVS has a
sales target for Mack of approximately 30,000 systems per year. IVS
management has always been confident that it would emerge with successful
commercial products. It appears that this has now been confirmed with the
breakthrough order from Mack. The company has begun working on other
projects that are expected to have, similar success in 1998.
Happy investing
Doug |
