To: Sergio H who wrote (3914 ) 4/27/1998 5:47:00 PM From: Sandra Read Replies (1) | Respond to of 29382
Sergio, I just couldnt block this one out of my mind, I had a position, and added to it today....I would have never spotted this company, if we wouldnt have bought ATPX.......this one is APTX...<got that>..... Its a little company, but it makes me think of moda when it was a little company. Building its alliances along the way. Heres some stuff......biz.yahoo.com biz.yahoo.com biz.yahoo.com biz.yahoo.com APTX believes it is the only company in the world that has been able to demonstrate consistent color matching for digital production runs utilizing an electrostatic printing device. In the past, the absence of this technology has limited the electrostatic digital printing process to small orders and samples. The first demonstration of the application of this technology involved swimwear for Sirena (NASDAQ:SIRN - news). Kathryn Van Ness, President and CEO of Apparel Technologies, commented: ''This test demonstrates the feasibility of using digital printing for large scale production and to successfully replenish inventory. This technology will make retail ''just-in-time'' stocking a realistic option in apparel merchandising, potentially eliminating million of dollars in inventory costs and writedowns.'' Sirn:IRN designs, manufactures and markets branded and private label swimwear and resortwear for each principal segment of the women's market. For the six months ended 12/31/97, net sales rose 21% to $11.2 million. Net loss decreased 19% to $1.6 million. Results reflect the introduction of the new Liz Claiborne Swimwear brand, adjustments to pricing and lower liquidation sales, partially offset by the absence of litigation proceeds and increased administrative expenses. <like that Liz Claiborne name> I know it may not look that great, but if it does anything like moda has..we are at the beginning of the story. Sandra