ADTC Message Board - Msg: 5517013

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Microcap & Penny Stocks : ADTC

ADTC 0.000001000

-99.0%

Jun 2 10:25 AM EST

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To: MC Niemi who wrote (309)	8/17/1998 1:39:00 PM
From: Bob Davis	of 329

Although I now have a copy of the Company's most recent 10-Q Report, I do not plan to publish an updated Analysis of ADTC until I have had a chance to meet with its management, so that I can have a better understanding of the "problems and opportunities" that it is currently facing. Although it was initially postponed, I am still planning a "road trip" to visit a number of Companies in New England, and hope to be able to visit ADTC at that time. In late July, the Company reported its second quarter results with a Press Release headline which read "Sales Up 69 Percent as Company Nears Breakeven Point". These results were not unexpected, since the Company pre-announced its revenues for the quarter on July 15th. The late July announcement reiterated "improvements in overhead and cost reductions" and stated that "The Company was profitable in (the month of) June". It also stated that it was introducing new microwave food packaging products for the food service industry. ADTC describes itself as "a technology leader for metallized thin films, coatings, dielectric substrates and high resolution patterned thin film depositions. Currently, the company has product divisions in markets for electronic capacitors, microwave food packaging, security holograms, retroreflective films and new products. The company either owns or has licenses to more than 35 patents and 21 patents pending." An updated Summary and in-depth Analysis of ABIX can be found on the Napeague web site at napeague.com. I encourage you to read the entire Analysis as well as the Company's investor relations information and its reports to the Securities & Exchange Commission prior to making any decision to invest in this or any other Company. Bob Davis The Napeague Letter napeague.com

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