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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: RavenCrazy who wrote (14393)	4/13/1999 8:30:00 AM
From: findstock	Respond to of 25711

*MRPS NEWS** Tuesday April 13, 8:01 am Eastern Time Company Press Release Microphonics -- OTC BB: MRPS -- Announces New Contract NASHVILLE, Tenn.--(BUSINESS WIRE)--April 13, 1999--Microphonics (OTC BB:MRPS - news) announces that it has entered into a contractual agreement with Day & Associates, Inc. to serve as the distributor for the trucking, truck rental and leasing industries. Ed Day, founder and president of Day & Associates, has over 30 years of experience in transportation and distribution. The major service of Day & Associates is to help reduce their overall distribution costs. ''We are very excited about this opportunity. Microphonics ultrasonic diagnostic and preventive maintenance tool will soon be considered indispensable in transportation equipment, maintenance, most particularly in the areas of: -- Locating air, fluid or pressure leaks -- Identifying worn or defective parts -- Diagnosing certain electrical problems We look forward to our customers realizing tremendous savings in maintenance time and costs with Microphonics' equipment,'' Day said. Day & Associates, Inc. are associated with such companies as: -- Ryder Truck Rental -- Penske Truck Leasing -- J.B. Hunt, Inc. -- Mack Trucking, Inc. -- Volvo Trucks of North America -- Navastar International -- Rollins Truck Leasing -- Ruan Truck Leasing -- Schneider Trucking Microphonics has secured a two years exclusive contract covering the heavy duty industry with Day & Associates. Microphonics is guaranteed 3500 111RCK units over 24 months beginning June 1, 1999. The units are delivered and invoiced at the rate of 146 units per month. This contract brings Microphonics in excess of 5 million dollars in 24 months at the rate of over $211 thousand per month. ''We expect these numbers to be the bare minimum,'' states Ed Day, president of Day & Associates, Inc. Jimmy Gayle, CEO of Microphonics says, ''We are very excited about our association with an organization of the caliber of Day & Associates, Inc. Their expertise in the trucking industry only adds to the bright and prosperous future of Microphonics, Inc.'' ------------------------------------------------------------------------ Contact: