The news release about Nichimen is nothing short of exceptional.
Nichimen, a massive company with 29 BILLION in sales first came to Tri-vision ten 10 months ago and makes an exclusive agreement that will see Nicheimen manufacture, market, distribute and sell Tri-Vision's V-gis v-chip technology for set manufacturers around the world. This in itself was a very positive endorsement of the company and their technology.
And now Nichemen has acquired 2.5 MILLION shares of Tri-vision??!! You DON'T just pick up this many shares "on a hunch"!! Imho, this is NOT just a simple "let's buddy up and work together" agreement anymore. It is now a strong belief, a financial backing, and I would suspect a certain knowing of what is in store for Tri-Vision's future.
For those new to Tri-Vision, here are the reasons that I believe this company has an exceptionally bright future.
1) Tri-Vision's proprietary technology is far advanced over any other similar technology. The unique, flexible nature of the V-gis v-chip technology allows TVs to automatically upgrade, without the need for hardware modifications, in the event of any changes or additions to current rating systems. This unique feature will provide parents and legislators with the peace of mind that any planned changes to TV ratings systems would not render new TVs obsolete.
This unique ability of the Tri-Vision chip is very important in that the chip can respond to the different ratings needs of different states, provinces, regions or countries. As well, the technology can adapt to ratings changes that may occur in the future "on the fly", rather than becoming obsolete should any change occur. Put simply, it is most flexible technology currently available anywhere on the planet.
The technology is fully patented in many countries (19 in total I believe). The U.S. patent was granted in granted in October of 1998. (see patents.uspto.gov
2) The upcoming market for the v-chip is absolutely massive. In accordance with the U.S. Telecommunications Act of 1996, the Federal Communications Commission has mandated that from Jan. 1, 2000 all televisions sold in the United States, with a picture screen 13 inches or greater, must be equipped with v-chip blocking capability. Between July 1, 1999 and Dec. 1, 1999, an average of 50 per cent of TVs available for sale must provide v-chip blocking.
3) Sharp Corporation of Japan has signed a letter of intent to licence Tri-Vision's technology for use in new televisions.
4) The technology quickly coming into focus as much of the violence (particularly for young people) is being blamed on what is so readily accessible on television. Governments are responding to this need with legislation, and "v-chip technology" has quickly become one of the of the hottest buzzwords in the highest ranks of government. Clinton was speaking of the need for this technology just this week.
As for this particular thread, I must say that it at times is not particularly useful. There are some very good people here, but of course there are the resident thread morons, "Pipick", "Trenzich" and "Allen R. Page Jr." After following this stock closely for over a year, I am yet to find ANYTHING of value that they post. Those who have been around SI a while....you know the type.
Especially with this latest announcement from Nichemen, I think that the future for Tri-Vision is exceptionally bright. I had some shares back from the $1.04 range that I was considering selling over the past week. With this announcement, I will now continue to hold them. As well, I doubled up the total number of shares I hold, buying more last Friday afternoon in the $2.70's. My personal expectations now for TVL's share price are the $8.00-$10.00 range, perhaps more, but then I would think it to be a bit frothy. Time will tell....and imho not a long time at that!!
Regards,
Kevin |
