Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : InvestRight Club Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey L. Henken who wrote (252)	2/23/1999 2:03:00 PM
From: Andrew H	Read Replies (1) \| Respond to of 2662

Wanted to bring MRPS to the thread. They have recently announced deals with Ford, Ford Europe and GM worth about 12M in revenues--many more deals said to be coming. Releases on Yahoo. And plenty of information on SI MRPS thread. I had a nice chat with Miles at MRPS today and would suggest that shareholders wanting first hand information call him directly at 1 615 871-4000. MRPS has been working on their current technology since about 1995 and was frankly not quite fully prepared for all the publicity they have been getting. It is just in the last few months that everything has come together for them. For example, GM tested their product for 1 1/2 years before making a purchasing committment recently. Nice to know that we have someone as resourceful and talented as GM putting the seal of approval on the company's products. Now, with recent orders from Ford, GM and Ford of Europe, and more on the way,everything is coalescing for the company. In regard to the shares outstanding and the float, Miles was very clear. There are 10 million shares outstanding and about 3M in the float. Of that 3M, 1.5M were given to a PR company quite some time ago before the company realized the widespread industry acceptance that would be given to its products. That PR company has been dumping the shares on the current price rise and good news, but they should be finished with the volume of the last couple of days--today should be the last day. The company does plan to release audited financials for the past year along with projected revenue for the current year soon--sometime next week, I believe. These revenue projections will be extremely conservative, including only revenues from deals that have been completed. And we know there is a great deal of interest in the product now that GM and Ford have been buying in quantity so many more deals are expected. Furthermore, the company plans to have a new website up within the next month, possibly sooner. The website will be for both informational and sales purposes, so the company will be advertising and selling its products over the world wide web. Miles also said that they are limited in what they can say in their releases since the larger firms they deal with often prefer not to have the financial terms of the deals released. And they need approval from these companies to release hard numbers. I asked him about the release rumored to be coming on Thursday. He said that he could not promise Thursday since final details were still being arranged but that the news would come out by Monday at the latest. He further said that it would be extremely positive and of a qualitatively different nature than any of the news released so far. Could it be NASCAR? Who knows, but it sounds exciting. It seems also that there are some brokers interested in the company who feel the real value of the stock should be closer to 3-5/share. Sounds about right to me.