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I own this slug..bought more at six cents when the sh*t was hitting the fan. I now own more shares than I'd like, but am averaged in close to where she's currently trading....soooo....for my sake I hope APTX goes to a quarter or more.
Here's to more dayz like today.
BTW, the latest news:
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Friday October 23, 2:20 pm Eastern Time
Company Press Release
Apparel Technologies Reports APTX/3M System Achieves "Speed Breakthrough," Increasing Print-on-Fabric Productivity 15 to 20 Times Above Current State of Technology
COMMERCE, Calif.--(BUSINESS WIRE)--Aug. 19, 1998--APPAREL TECHNOLOGIES, INC. (OTC BB:APTX), a leader in the development and application of digital printing technology for fabrics and other materials, announced today that its APTX/3M system had achieved a speed breakthrough which accelerates printing on fabric by 15 to 20 times the speed of current technology.
Kathryn Van Ness, President and Chief Executive Officer of Apparel Technologies, said that the company had ''successfully completed first stage testing which proves feasibility of producing approximately 200 linear yards per hour. This was accomplished on a modified 3M Scotchprint 2000 digital printer, which can be operated directly from Macintosh, Windows or Unix based computers, utilizing proprietary toners furnished by APTX. The next level of testing for this unit is to prove production capability. From this will come a per yard pricing model,'' she said.
''This breakthrough moves the apparel industry much closer to the introduction of true print-on-demand technology, which will result in great cost savings both to the industry and consumers while permitting the more rapid introduction of new product. The APTX/3M system requires no film, separations or printing plates and can produce true samples for later production. The system produces colorfast, bleach safe, brilliant colors on man made fabric cut pieces, and we believe this represents a major advance in printing technology for use in the apparel trades, as well as for ultimate use in other applications.''
Apparel Technologies, Inc. provides advanced proprietary technology for digital fabric printing, manufactures apparel for leading national retailers and designs and installs state-of-the-art retail fixtures.
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Good luck to all APTX longs....funny, cant see too many shorts hanging on here <gg>
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