<OFF TOPIC - QTNT>
Last time I recommended a stock here (RMGG), it went from $0.18 to $0.68. My last two recs (although not on this thread, used Tokyo Mex and Big Dog threads) were TGSK at $1.53 (now at $2.64) and PDGE at $1.375, which is now at $1.78. I am still very long on ETPI, which has been getting hit by selling from Wein, but is bouncing back and has some very big discussions taking place that could dramatically increase revenues (even without that, it is still a profitable, reporting company). That's not my recommendation today though.
QTNT (QuickTent). Web site at quicktent.net
Major buying coming in. Very small float. Good news on financing and retail ventures expected very soon. Here's some info from the "Buy Line" report:
The Buy Line Report
Quick Tent, Inc.
(OTC-BB: QTNT)
52 Week Price Range: $0.81-$3.00
Shares Outstanding: 7,758,811
Shares in the Float: 381,422
Avg. Daily Volume: 10,500
Dividend: N/M
Corporate Overview
Quick Tent, Inc. (QTNT), headquartered in Salt Lake City, Utah, is the manufacturer and patent holder of a special high quality, camper friendly tent. Quick Tent was incorporated on March 31, 1993 for the purpose of developing and commercializing certain proprietary and patent rights related to an inverse umbrella tent. Quick Tent has spent the last four years obtaining worldwide patents with twenty-two individual claims on their unique tent designs. QTNT's designs and patent applications are based upon previously existing tent designs that have been substantially redesigned and engineered to make a practical, cost effective design for instantly setting up dome tents.
Currently, Quick Tents primary market is the recreational camper, but they believe there are several additional markets that are not being tapped. Quick Tent plans to use the following marketing and advertising channels:
- Television commercial spots
- Television "infomercials"
- Direct sales to and through organizations such as the Boy Scouts and utility companies
- Trade Shows
- Video catalog for multiple sales opportunities
- Established multi-level distribution channels
- Factory representatives to the retail market
- The internet
- Magazines and newspapers
Market
Last year there were 15-16 million tents sold in the United States alone and there was over one billion dollars in worldwide tent sales. Currently, there are over 8,000 campgrounds in the United States, and camping accessories and tent sales have been increasing every year.
Jinwoong Corporation is the leading manufacturer in the tent industry. In their first decade, they have established annual growth rates of 40%. Jinwoong tent products account for about one half of the US market and over 1/3 of all the worldwide tent sales. Jinwoong had 400 million dollars in tent sales last year alone. Eureka, an industry leader, sold 4.6 million tents in the US last year, and American Recreation sold about 3.5 million tents while The Coleman Company sold close to 2 million tents.
This is a highly competitive market, which is rapidly growing. This market is dominated by Jinwoong Corporation, which is the worldwide leader. Based on informal surveys, the Company believes that most campers and tent users are looking for quicker and more convenient tents. If this is true, Quick Tent should have easy penetration into the market.
Quick Tent Product Line
Quick Tent is prepared to manufacture and sell 2-Man Tents, 4-Man Tents, 8-Man Tents, the PRIV-A-TENT, the Ice Fishing Tent and the Duck and Deer Hunting Blind. Tents and products include, but are not limited to the following:
- 10 Second 2-Man Quick Tent with instructional video
- 20 Second 3-Man Quick Tent with instructional video
- 20 Second 4-Man Quick Tent with instructional video
- 30 Second 2-Man Quick Tent with instructional video
- 45 Second 4-Man Quick Tent with instructional video
- 90 Second 8-Man Quick Tent with instructional video
- PRIV-A-TENT with instructional video
- Ice Fishing Tent with instructional video
The 10 Second 2-Man Quick Tent with instructional video has four poles in a rectangular style. Then tent accommodates two medium, six-foot tall persons. Dimensions are 84" long, 60" wide, 48" inside center height. The fabric used is 210T rip-stop nylon, and each tent comes with a large umbrella-type rain fly, and separate carry bags for the tent, rain fly and tent pegs. The tent has two entrances, one on each side, and each entrance has a full door panel and screen panel. Door and screen panels can be lowered from the top down, and raised from the bottom up to any desired height for maximum control of privacy and ventilation. Rain fly, floor and thresholds are urethane coated to prevent the penetration of moisture, and the inside body of the tent (protected by the rain fly) is breathable to prevent condensation. The tent weighs only 4.75 lbs., and the rain fly weighs 1.5 lbs.
The 20 Second 3-Man Quick Tent with instructional video has six poles in a hexagonal style. Then tent accommodates three medium six-foot tall persons. Dimensions are 5'10" inside center height. The tent has two entrances on opposite sides with fully adjustable door panels and screen panels for complete control of privacy and ventilation. The tent comes with full coverage umbrella-type rain fly with optional vestibules for maximum protection from the elements.
The 20 Second 4-Man Quick Tent with instructional video has the same features as the 2-Man Quick Tent, except the dimensions are 108" long, 84" wide and 72" inside center height. The tent comes with extra large umbrella-type rain fly with option vestibules for maximum protection from the elements. The weight is 12 lbs., including the large umbrella-type rain fly.
The 30 Second 2-Man Quick Tent Jr. With instructional video has four poles in a rectangular style The tent accommodates two medium, six-foot tall people. Dimensions are 82" long, 60" wide and 46.5" inside center height. The tent weighs 6.5 lbs. with small cap-type rain fly and carry bag. Entrance in one end with separate door and screen panels and a screen window in the other end with an adjustable window flap. Then tent floor is waterproof polyethylene, and the tent body and the rain fly are urethane-coated nylon taffeta. There are two fine mesh screen panels (inside tent, under rain fly) to allow circulation and minimize condensation.
The 45 Second 4-Man Quick Tent Jr. With instructional video has the same features as the 2 Man Quick Tent Jr., except the dimensions are 106" long, 80" wide and 69" inside center height. The weight of the tent is 12 lbs., including the small cap-type rain fly.
The 90 Second 8-Man Quick Tent with instructional video has six poles in a hexagonal style. The tent accommodates eight medium, six-foot persons. Dimensions are 13.5' X 13.5' X 13.5' with an 8' inside center height. The tent has two entrances on opposite sides with fully adjustable door panels and screen panels for complete control of privacy and ventilation. The tent comes with extra large umbrella-type rain fly with option vestibules for maximum protection from the elements.
The Modular Tent with 6 entrances with instructional video has the same dimensions and features as the 8-Man Tent, except there is an entrance in each of the six panels. There is a fully adjustable door panel and screen panel for maximum control for privacy and ventilation. The entrances are sheltered by the full coverage, umbrella type rain fly which allows a 3 or 4-Man Quick Tent to next under each eave of the rain fly and become a bedroom module. A 2-Man Quick Tent can also be nested under the outside eave of a 3-Man or 4-Man Quick Tent and become a smaller bedroom module or a storage module. With one entrance reserved for outside access to the center module at least ten bedroom/storage modules can be utilized and the outside circle of modules can be fitted with vestibules for additional space. The tents are designed to nest together.
The PRIV-A-TENT with instructional video can be made in different sizes. Prototype size is 48" by 48" with an inside center height of 78". The tent has a double door panel with a vertical zipper that zips quickly and easily. The tent has screen panels in the top and at the bottom for ventilation and has a rain fly cap on top to cover the screen panels. The tent is intended to be used as a changing room, a port-a-potty bathroom, a shower room, etc.
The Ice Fishing tent with instructional video is a modification of the basic Quick Tent or Quick Tent Jr. with a special floor that has attached Velcro, removable floor panels.
The Duck and Deer Hunting Blinds with instructional video is configured to the basic Quick Tent or Quick Tent Jr. structure. The tent has reversible, detachable camouflage panels that snap out of the way when the hunter is ready to shoot.
The Children's Tent will be similar to the 2-Man Quick Tent Jr., except that it will be smaller and will be made of less expensive materials.
Commercial and Industrial Tents will be offered to fuel companies, electric companies, telephone companies, cities, counties, states and all levels of government as well as the Army and Coast Guard. Army and Coast Guard units can use these tents for emergency tent cities.
Tent(s) for the utility companies will be more of a specialty tent. The tent will have no floor, will be made of rugged materials and can be used to cover manholes or to cover electrical and telephone wires in excavations or on platforms to protect them from the elements. There will also be a tent model to shelter workers in boom truck buckets. It will be small, compact and light weight in comparison to shelters that are currently in use and will take much less time to put up and take down.
The factory that has contracted to manufacture tents for Quick Tent will also manufacture sleeping bags and backpacks. QTNT anticipates that it will import sleeping bags and back packs with its tents.
Competition
Currently, the tent industry is highly competitive and expected to continue so in the future. Quick Tent will be competing directly or indirectly with a large number of companies, including most of the largest names in the industry such as Jinwoong, Coleman, American Recreation and Eureka. These companies are larger, better capitalized, more established and have greater access to resources necessary to produce a competitive advantage. Quick Tent beleives that its products prospectively can occupy a competitive market position because of the major differences in the tent designs. Their tents are set up quicker and easier than any other tent currently marketed worldwide.
Management
Charles E. Loveless. Mr. Loveless serves as President and as a Director of Quick Tent Inc. He was the Executive Vice President of Critical Laser Technologies where he oversaw the financial matters and marketing, while managing the company's offices. He served for almost twenty years with Healthcare Processing Systems overseeing the complete operation of this division of DHI Computing Services, Inc. at the time of his departure. He has been an Officer and/or a Director of xsix different Corporations and his experience spans thirty years of mid and upper level management in several mid to large size companies.
Howard E. Abrams, Sr. Mr. Abrams serves as Vice President for Sales and as a Director of Quick Tent Inc. He attended Brigham Young University for five years with majors in mathematics and psychology. Mr. Abrams has had a lifetime of experience in sales and sales management and has received numerous regional and national awards for his accomplishments. He has also served as a Director in a variety of sales oriented corporations and has served as President and/or CEO of more than eight of these corporations, including Vogue Fashions, Inc., Benefical Internations, Inc., Innovative Vending Systems, Inc., and Liberty International, Inc. He is the founder of MOTHER NATURE RESEARCH INSTITUTE. Howard was working with a select team of scientific and medical researchers, nutritional formulators and other specialists from around the world in an effort to find ways to help people improve their health through natural means.
Technical Considerations
There is good support with this stock in the $1-2 range, with resistance at the $3-4 area. This stock has the potential to be in the $10-11 range depending on Quick Tent meeting sales expectations and securing the financing allowing them to manufacture more product for the market. The stock has traded by appointment only for the last two years. Consideration is given to QTNT due to the fact that they were processing patents and securing worldwide rights. The company has pre-paid media rights, which allow them to market products through television on 217 stations. Quick Tent has also secured major accounts for retail. However, it should be noted that in order for them to take advantage of these mediums the company must be able to deliver product to the market.
Financial Forecast
Quick Tent, Inc. currently projects orders for 1st quarter ending March 1998 at $3,125,000.00. Quick Tent, Inc. forecast total sales ending December 1998 at $17,577,795.00 with a total net of $4,345,236.00. QTNT is projecting 1999 sales at $21,925,800 with a total net of $6,754,116.00, and 2000 sales at $48,598,835 with a total net of $8,947,057.00.
Key Investor Points
- Upon completion of December 31, 1997 audit, QTNT will become a reporting company.
- Quick Tent, Inc currently has entered into agreements with over 1,000 retail outlets throughout the United States to distribute their tents
- Estimated sales for 1998 are $18 million.
- Quick Tent, Inc. has and sales and purchase orders for $3,125,000.00 in the first quarter of 1998.
- Quick Tent has spent the last four years obtaining worldwide patents with twenty-two individual claims on their unique tent design.
- QTNT has $5,000,000 in pre-paid television media spots.
- Last year there were 15-16 million tents sold in the United States alone and there was over 1 billion dollars in world wide tent sales.
- The company has just developed a tent which will retail at the $99 price point, a key price point for retailers.
- Financing for production will be announced very shortly.
- Temporary shelter market, which the company anticipates entering, is a larger market than tents ($5 billion).
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