To: SSP who wrote (13164 ) 11/3/1999 1:43:00 AM From: Taki Read Replies (2) | Respond to of 150070
TEVT. One reporting Company that just got a buy rating. Short and long term play, and very small float. Read the report below.RHINO, I called the company up, to get the PR you were talking about. Here i got the fax that i requested to get from the company today, on 11-2-1999. I will wright only some stuff from the PR here, and you will verify it Rhino. WESTON PARTNERS LLC P.O bOX 1242, weston CT 06883 phone 203-221-7106. For TECHICAL VENTURES INC. (OTCBB:TEVT) 3411 McNicoll AVE.UNIT 11 SCARBOROUGH, ONTARIO CANADA (416-299-9280) Investment Recommendation:BUY Risk ASsessment:Medium The multi-million dollar investment of Technical venture inc.(TVI) in the research and development of thermoplastic and composite compounds is paying off. The company owns valuable patents and licensing agreements on composite products that it is in the manufacturing and selling into a rapidly expanding global market. Demand for it's new propritary products should propel the company into new levels of revenue and profitability. TVI is a SEC reporting company with audited financials. It has negligible debt and is now operating in the black. At its recent price of .25 per share we are recommenting a " BUY" for the small cap investor looking for good value, a "ground floor" opportunity and excellent longer term appreciation. Price:$.25 Book Value per share N/A 52-week price range $0.08 -$0.52 Shares out :22,000,000 Shares in the float:6,400,000 Insiders holdings=2,956,000 Market Capitalization $5,500,000 Long term Debt $396,000 12-Month OBjective = $2.00. Financial Highlights Fiscal Year Ending Revenues Earnings EPS(fully DIL) June 30 2000 est. $5,500,000 $1,035,250 $.047 2001 est. $11,400,000 $2,280,000 $.104 2002 est. $21,200,000 $5,560,000 $.253 Magor Customers: ELF-Atochem of France, SNC Industrials, Technologies and LUCENT Technologies. The company was awarded LUCENT Tehcnologies five star rating for quility and anticipates recieving an ISO 9000 rating which will enhance its competitive standing significantly. FINANCIAL OUTLOOK Although TVI ended fiscal 1999 with a small loss of approximately $38,000 the company was Profitable for the last three Quarters of the year. Its long term debt is less than $400,000. TVI's traditional business alone(with some productivity and expense tuning)make it a modestly profitable company. Solid platform for potential growth. It's new product lines should provide dramatic growth in revenues and profits. The Company has a conservative three year forcast to capture a ten to fifteen percent market share in North America in its chemical blowing agent business growth segment.This translates to annual revenues of $10 to $15 million that we have discounted even further to arrive at the forcasts in our page one "Investor Profile". The capital intensive nature of the chemical business causes margins to grow at a greater rate than income. We'd be very surprised if TVI did not exceed significantly our year EPS projections of 11 plus cents per share. RECOMMENDATION SUMMARY Technical VENTURES Inc. Exhibits most of Characteristics we look for is our search for Value investements that we feel comfortable recommending to the savvy investor: 1) Possession of proprietary technology (preferably as a result of significant R&D investment) that gives the company singificant competitive advantage. 2) Real (not "pie in the sky") products currently being sold in to the marketplace. 3) Presence in an expanding market with growing demand driven by structural trends;e.g. globalization, cost competitiveness, enviromental pressures and not by fads or the "flavor of the day". 4)A corporate attidute highly oriented to customer alliances and "partnering" 5)An expirienced management team that has been together for an extended period. 6)The transparency that being a SEC filing company affords the investor. We view Technical Ventures Inc.as o solid, small company in the good industry., about to expirience dramatic growth by reaping the harvest of years of investment in proprietary technology.. For the investor it represents a "ground floor", longer -term growth opportunity to share in this success. Enhancing its attractiveness is its appeal to enviromentally conscious investment community. Currently selling at .$25 per share we can see the potential in the next 18 months for the stock to be at $1.50- $2.00, using a reasonable multiple of 25xEPS.