To: Richard N Lambert who wrote (166 ) 1/21/1998 5:33:00 PM From: Bob Davis Read Replies (1) | Respond to of 329
Advanced Deposition Technologies (NASDAQ:ADTC) is a technology development company which appears to be on the brink of a period of rapid growth in revenues and profits. The Company has been focusing its development efforts on "standard and proprietary metallized films for energy management applications". Until recently, ADTC's primary customers have been manufacturers of electronic capacitors, and the Company has just completed a key acquisition which will expand its presence in this market and effectively double its revenues in 1998. However, a search for "higher value-added products utilizing its proprietary technology." has opened up a variety of applications, one of which is rapidly becoming more fully commercialized - the "Brown & Crisp" microwave cooking bag. In addition, the Company has also identified a number of other promising applications which could become commercially successful in the relative near term. ADTC has a strong position in the technologies which underly these applications, through patents, industry recognition, proprietary manufacturing facilities and marketing relationships. Since the Company experiences significantly higher gross margins from sales of this proprietary product, its sales growth should translate into significantly improved earnings. This is a Summary of an in-depth Analysis of ADTC, which can be found on the Napeague Web Site at napeague.com . I encourage you to read the entire Analysis as well as the Company's investor relations information and its reports to the Securities & Exchange Commission prior to making any decision to invest in this or any other Company. The Napeague Letter will continue to follow ADTC and will update this Analysis whenever new information becomes available. NOTICE This analysis is based on publicly-available information, and is in no way warranted by me as to accuracy or completeness. I do not guarantee to advise you as to any change in this information. I currently am a stockholder in this Company and may from time to time purchase or sell this Company's securities. I otherwise have no affiliation with this Company, and I am not compensated by it in any way whatsoever.