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.

Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?

To: RADAR ))) who wrote (8303)	3/4/1999 11:47:00 AM
From: RADAR )))	Read Replies (1) \| Respond to of 15987

MRPS - From the Raging Bull boards: RADAR RADAR By: JoeMA Reply To: None Wednesday, 3 Mar 1999 at 4:22 PM EST Post # of 862 Recap of phone call to MRPS- Miles 3/3/99 /3:15PM EST Below are my notes -not verbatim Quest: (ME) In March of 1995 you announced a $20 mill. contract with Ford over an 18 month period. What happened? What's the diff. with present contract? Ans. (MILES) That was a "blanket" open order and not a firm "required" contract. Present contract is a firm buy of 6,500+ units (the smaller A07 $695.retail) tester. They are shipping 25-30 a week to Ford now. Could not give me actual revenue figures except to say they are being sold at a "substantial profit margin". Quest.(ME) What is the diff. between prior NASCAR announcemnets and the one on Mar.2? Ans. (Miles) They used to go to all the NASCAR events to "show' them the tester - demos. They did this for 3 years. When they were able to show that 28 out of 28 failures detected by their unit did in fact fail, NASCAR decided to endose the product. NASCAR is purchasing units directly from MRPS and in addition they are getting calls from racing teams for further orders. Quest.: (ME) Did MRPS issue an IPO in the past? Any plans for future stock issuance, if you can say? Ans. (MILES) Original IPO was issued under a "shell' company - to his knowledge never traded? (ME-He was very vague about this and I could not get much info) Quest. (ME)What are your present announced firm contracts? Ans(MILES) Ford for 6,500+ smaller units; SPX private label Europe distribution-10,000units; GM- "blanket open order- original testing of product was done at the Pontiac plant and 40 have been sold there (ME-I think the larger unit$2,950? one) and 28 delivered to date; trng. delivered at the Dayton Ohio plant and seven other plants waiting for it.; A contract with a distributor called FM MAFCO - a construction machinery distributor who initially has purchased 100 of the larger units and starting in April have acontract to deliver 75 more a month. Miles mentioned how they were looking for other distributor type arrangements with firm monthly orders for product. Quest: (ME) Any plans to go to NASDQ and get the the BB's? ANS: (MILES) Jimmy has(or is having) a meeting this PM with a "large brokerage house" Quest. (ME) What can you tell me about this failed relationship with a PR firm? Ans. (Miles) They apparantly were "given' 1.6mill shares of MRPS in exchange for bringing in $. They didn't but took the shares and are selling them . Miles believes mostly now sold. They have some sort of legal action going on with NASD about it all trying to recoup. (ME- nothing more said about it) Qust;(ME) What kind of news will be announced Friday/ Financials? Ans.(Miles) No, financials have been completed and sent to their accounting firm - Marlin and Edmundson of Nashville. When they are returned to the company and proofed they will be released- (couldn't give me a date except, soon) On Friday, whatis planned is a kind of "white paper" (my term) which will answer a lot of questions about the history of the firm and these questions asked here. (ME- He also said that in the future they will use a "bigger" accounting firm. Miscellaneous: They do have "6" total employees for all divisions includes 2 R&D engineer types. The model they will use seems to be using contract manufacturers for production and distributors for sales in addition to direct sales. Conclusions: (Mine) While Miles was very affable and as forthcoming as he could be with my questions, he also admitted he is no financial expert (me neither). These new contracts - all occuring over last 4 months or so look real good to me, but I guess I need to see the financials to estimate how big they might be, value of stock, etc. But I was encouraged by the real firm contracts and the possibilities. Miles did say 1998 was IN THE BLACK - that gave me both a pause and a grin. Good luck all Joe Arceri (JoeMA)

To: RADAR ))) who wrote (8303)	3/4/1999 11:49:00 AM
From: RADAR )))	Read Replies (2) \| Respond to of 15987

MRPS _ follow up from the Ragin Bull boards RADAR RADAR By: JoeMA Reply To: None Wednesday, 3 Mar 1999 at 4:33 PM EST Post # of 863 Call to Miles- addendum One last bit: Their contract manufacturers are UMM Electronics of Indianapolis, IN (large mainly medical supply manufacturer) and for the automotive unit- Bulova of Lanchester, PA