To: Brett Fleischman who wrote (28421 ) 7/5/1998 10:02:00 PM From: Ravi Ratnam Respond to of 34592
I have in my possession a copy of TEXN's recent business plan in Word format. The document has lot's of info including vivid graphics of night site, gripper and underwater seal and how the technology works..Send me an email if you want a copy of the document. SEEMS LIKE AS PER THE FIVE YEAR PROJECTIONS THE BULK OF THE INCOME WILL COME FROM THE SALE OF UNDER WATER SEALS!!! Here is a glimpse of the document VI. COMPETITIVE ANALYSIS The Company's products are unique and distinctive in their respective product lines. IWI is the only manufacture of the multi-colored 3 dot system and the innovative bar dot configuration. Other manufactures produce an all green version that according to many experts, can cause some confusion in the lining up of the sights. IWI is the only manufacturer that provides complete custom work for a broad line of guns and offers a 15 year warranty on its products. Competitors offer only limited custom work and warranties of 10-12 years. As for Trident's Gripper technology there are simply no other companies with similar technology or whose functionality is equal the patented technology. A. LIMITED COMPETITION We define our market for IWI as composed of military, law enforcement, and private gun industry. Both of these industries are multi-million dollar markets with unlimited growth potential. Based upon its superior technology, the sale of the night sights should dramatically increase over the competition if an aggressive marketing campaign can be successfully launched. As far as TRIDENT's GRIPPER and Underwater Seal products their unique technology will result in tremendous sales growth once the products are introduced into the marketplace. There is no current competition for TRIDENT's products and none is expected to develop in the next five years. There are two companies that compete with IWI in the night sight market. IX. PRO FORMA FINANCIAL PROJECTIONS A. FIVE YEAR PRO FORMA (1) On a pro forma basis, the Company has prepared its five year income summary as follows: Period $PT Night Sights $Gripper $Under Water Seal 1998 $ 750,000 $ 500,000 $ 3,000,000 1999 $ 1,000,000 $ 900,000 $ 5,000,000 2000 $ 1,400,000 $ 1,000,000 $ 8,000,000 2001 $ 2,000,000 $ 1,400,000 $11,000,000 2002 $ 2,500,000 $ 1,800,000 $14,000,000 Totals $7,650,000 $5,600,000 $37,000,000 See Accompanying Notes to Table ___________ Notes - (1) Pro forma financial projections are based upon certain assumptions of Management regarding the success of its products and its ability to finance an aggressive marketing program. Although Management has presented the pro forma in good faith there can be no assurance that the Company will be able to achieve the financial projections set-forth herein. ------