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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (9617)	3/27/2003 9:26:30 PM
From: N. Dixon	Respond to of 10293

You should read this: WSR: What are some of the misconceptions that you see out there about your company that investors may have, that you’d like to put to rest at this time? And do you think the investment community fully understands the potential that your company has to offer? REFR: Once the investment community recognizes that we license our technology to major corporations around the world, rather than being a manufacturer, I think that many things about our business model make sense. With fixed expenses at around $3.5 to $4 million a year, most future revenues should flow to the bottom line as profits for Research Frontiers, once our basic overhead for our 13 employees is met. Patent protection is going on at least until 2020, and as a result of new patents coming online that period should constantly be extended. With the business model that we have, we expect to become a royalty- collecting, dividend paying machine in the years to come. Our stock has outperformed the major market indices for the past several years and we look forward to rewarding our shareholders now that SPD-Smart Products are in production. WSR: What would you give as the best reason for a potential investor to get involved in REFR as a long-term investment opportunity? REFR: First and foremost, our business model as a licensor of SPD technology leverages our relative strengths with those of our licensees and it also minimizes our risks and capital requirements. We don’t have to reinvent the wheel, we’ve attracted World Class licensees that have the manufacturing and marketing capability and can do the “heavy lifting. ” We also supplement that by an extensive patent portfolio, we’re in strong financial condition, we have plenty of cash and no debt and we have a technology that’s versatile and outperforms competitors and costs less. So I think investors are starting to realize the potential here and maybe one indication of that is that historically our level of institutional ownership was around three percent and that stayed steady for quite a long time. It has been rising steadily for the last year-and-a-half as more and more signs of production and commercialization and sales of products have been occurring and now institutional ownership is about 11.8 percent. We’ve gone from three percent to 11.8 percent. Now that SPD products are in production and our visibility is being increased through various methods, I think that trend will continue as well. Message 18708488