To: Random Walk who wrote (1804 ) 10/6/1998 11:09:00 AM From: Ginco Read Replies (1) | Respond to of 2444
IMO-Charts don't apply for Napier,Charts tell you what happened to many factors for the future,ICI,K&G,TWA,other airlines,ect.. What applies,like you state, are developments this company has had and will have. This sums it up. Paint-stripper manufacturer strikes lucrative deals Napier International Technologies Inc. Napier's story is a simple one: the development and sales of paint stripping and wood coating chemicals and cleaners, including SV-35 stripper, which the company claims is non-toxic, non-hazardous and biodegradable. The stock first showed some life in September of 1997, soon after the company announced its flagship product - SV-35 - had met manufacturer's specifications for paint strippers set by Boeing. "That's what started the momentum for us", says president Brad Aelicks. After getting feedback from the industry that December, the product was reformulated to be even stronger. The next market driver was the April announcement that Napier was entering into formal talks with ICI Canada Inc. - which controls the Glidden and Dulux paint brands - to discuss a private label distribution deal for Napier's stripper. That agreement was inked this August and Aelicks expects the first product to hit the shelves in some 167 retail outlets by the end of October. Negotiations for global distribution are ongoing but Aelicks hopes to have stock on shelves around the globe by the end of the calendar year. Also in August, the company announced it had a manufacturing and packaging deal with K-G Packaging, a division of CCL Industries, which includes packaging SV-35 in spray cans for the home market.