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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Sig who wrote (12872)	4/13/2004 9:00:28 AM
From: Pedro Joaristi	Respond to of 13815

I know you guys are not too keen on BB stocks, but here is one that looks good. A homeland security firm that actually makes money: TVIN TVI Corporation, located in Glenn Dale, Maryland, is a leading supplier of rapid deploy, chemical/biological/Hazmat decontamination systems for military, public health, and first response agencies. All integrated shelter systems employ TVI’s articulating frame which is covered by one or more patents. We also offer a wide assortment of accessories to support the users of our shelter systems, such as trailers, air heaters, water heaters, and air filter systems for chem-bio filtration. TVI Corporation Full Year 2003 Sales Increase 145% Operating Income Increases 188% GLEN DALE, MD. -- February 10, 2004 -- TVI Corporation (OTCBB:TVIN - News), today announced that sales increased 145% to $27.2 million for the twelve months ended December 31, 2003, compared to $11.1 million for the same period last year. Operating income increased 188% to $8.0 million for the twelve months ended December 31, 2003, from $3.1 million for the same period last year. Sales increased 62% to $7.6 million for the fourth quarter ended December 31, 2003, from $4.7 million for the fourth quarter of 2003. Net income for the twelve months of 2003 was $5.4 million or $0.196 per basic share and $0.181 per diluted share, compared to $4.4 million or $0.168 per basic share and $0.155 per diluted share for the same period last year. Net income for the fourth quarter of 2003 was $1.6 million or $0.058 per basic share and $0.053 per diluted share, compared to $ 3.1 million or $0.116 per basic share and $0.107 per diluted share for the fourth quarter of 2002. While TVI 2003 income was taxed at normal rates, the fourth quarter and full year of 2002 included a non-recurring gain from the capitalization of a deferred tax asset that contributed $1.4 million to net income and $0.05 to per share earnings. In addition, 2002 net income did not require a provision for income taxes as the benefit of loss carry forwards from earlier years offset 2002 income. Operating income margins increased to 29.5% for the full year 2003 from 27.5% for the full year 2002. Cash flow from operations for the full year 2003 was $6.2 million. During the fourth quarter, the Company generated $2.9 million in cash flow from operations. Cash was $7.6 million at December 31, 2003. TVI Corporation continues to operate with no bank debt. At the end of the fourth quarter, TVI's backlog was approximately $4.8 million that included orders received from commitments from the State of Washington, the State of California, the District of Columbia, and the Department of Defense. TVI shipped $2.6 million in January and currently has a backlog in excess of $9.9 million. "Our growth has continued from selling systems to new and existing customers in the United States and internationally," stated Rick Priddy, CEO of TVI Corporation. "We expect a significant part of our growth to come from foreign public health and first response agencies as they increase their level of preparedness to accidents and disastrous events." "We have also made great strides in diversifying our revenue mix with the sale of our isolation systems, which segregate and encase any airborne biological or chemical contaminants," stated Priddy. "Our infrared signaling and target sales reached $1.0 million for the full year of 2003, and we have used this technology to develop advanced landing markers for military helicopters, further expanding our sales mix. TVI Corporation is rapidly becoming a developer of technologically advanced products and systems that improve human safety." About TVI Corporation: TVI Corporation, located in Glenn Dale, Maryland, is a leading supplier of rapid deployment shelters and chemical/biological decontamination systems for the military, public health, and first response agencies. TVI is a primary source to the military for thermal targets and thermal decoys. TVI's stock trades on the OTC Bulletin Board under the symbol "TVIN." Pedro