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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR) -- Ignore unavailable to you. Want to Upgrade?

To: reg who wrote (73)	5/6/1998 9:37:00 AM
From: Rich Kaiser	Read Replies (1) \| Respond to of 2444

Reg, A company is like a baby... You have birth, then you crawl, then walk and eventually run. In Business terms, you will Start-up, sink money into R&D Expense, develop a marketing program, and eventually expand and grow your market share. NIR sunk money into its R&D program which took many years to perfect the SV-35. Once the trial uses from vendors and other industrial experts proved successful , they patent the product. The company came out of its R&D stage with little debt and great product(s). They have a comprehensive marketing program with money in the treasury. On a statical level, only about 3% of companies make it out of its R&D stage before they would go bankrupt. Not only did they make it out of R&D with little to no debt, they bought another company to complement operations. The company only needs to make 58 drums of product a month to break even - very small overhead and great profit margin. They shipped 100 drums in the month of April. So, they obviously show from their P/L for the month of April-Profit. More orders continue to come and the plant has/will continue to increase capacity to meet demand..... So, The company continues to "WALK-TALL" Rich :)