Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Microcap Potential Homeruns--Credible, and Reporting -- Ignore unavailable to you. Want to Upgrade?

To: Ted M who wrote (762)	4/14/2011 1:49:47 PM
From: Ted M	Respond to of 1056

VSYS .40-.49

To: Ted M who wrote (762)	5/10/2011 11:08:48 AM
From: Ted M	Read Replies (1) \| Respond to of 1056

FLXT sounding good. Read closely though. Flexpoint Anticipates Substantial Growth in 2011 Last update: 5/10/2011 8:00:02 AM Revenues, Earnings and Backlog Will Show Significant Increases During FY2011 as Product Continues to Gain Acceptance and Customers DRAPER, Utah, May 10, 2011 (BUSINESS WIRE) -- Flexpoint Sensor Systems, Inc. (FLXT) today announced guidance for Fiscal Year 2011 and beyond. Clark Mower, President of Flexpoint, stated, "We are currently experiencing a significant uptick in interest, and have implemented a substantial number of testing and advanced testing programs over the last several months. Preliminary feedback suggests that the majority of our potential clients are comfortable with the results they are seeing for reliability and functionality. As the demand continues to grow, we expect a number of these to turn into long-term customer contracts. Given the size and scope of the customer base, the company is now in a position to give the market a solid idea of the realistic expectation for growth." Mower continued, "The company should turn cash flow positive and profitable during the second half of 2011. The company anticipates having a large number of 'booked' orders for which they will continue producing in early 2012 and continuing for many years to come. The company expects to carry a significant backlog in orders into the following year and expects this backlog to continue to grow. For FY2012 the company should execute on these larger production and manufacturing contracts. We expect 2012 revenues to be in the $3-$6 million dollar range, with an end-of-year backlog of $4-$8MM that we expect to yield revenues of at least $6-$10 million dollars in 2013. These numbers are likely conservative. If some of the recent negotiations and beginning testing yield positive results, these numbers could be substantially higher. We are basing these estimates only on products currently on the market or in the final stages of advanced testing. "We appreciate the patience of our shareholders and believe these estimates should help investors better understand the accomplishments we are seeing in the marketplace. The company concentrated on smaller contracts and proving reliability with multiple end users in multiple industries during 2010 and did so effectively. Now that the product has marketplace validation, during 2011 and beyond the company is concentrating on larger renewable contracts in a variety of fields, including but not limited to, automotive, toy and industrial. The growth will be a result of both increasing the number of clients and increasing the size of each client. We are all excited as we begin reaching financial metrics our investors require, and look forward to continuing to grow and communicate more consistently and effectively." Forward-Looking Statements