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Microcap & Penny Stocks : Microphonics Inc. (mrps) -- Ignore unavailable to you. Want to Upgrade?

To: Sprintcar who wrote (5980)	4/21/1999 4:23:00 PM
From: ChuckS	Read Replies (7) \| Respond to of 8189

Yesterday was field trip day for me. I had a meeting scheduled in Nashville, so I took that opportunity to pay a surprise visit to Microphonics/Ultraphonics. The meeting I was attending was suppose to start at 10:00, so I went by the Microphonics office at about 8:30. Jimmy was out on business but I did, however, get to talk to Bud and Myles. I talked with them for about an hour about the product, the company, and the financials. What a great bunch of guys. Myles restated to me that the financials are to be released just as soon as they can get them to the right people. He said there was a loss last year, but a SMALL profit for last quarter (we all knew that already). I emphasize small, because he did not want to mislead anyone into expecting huge profits for last quarter. He did tell me that the larger revenues did not start to come in until the end of the quarter, so things are looking even better for future quarters. While we were discussing Ultraphonic detectors, the UPS truck pulled up and started unloading 15-20 boxes. Bud asked me if I had seen on of the detectors. I told him that I had not, so he opened one of the boxes, pulled out the case with the equipment in it, plugged in a nine volt battery and asked I'd like to see how it worked. When was the last time you have seen a company that was confident enough in their product to pull one right out of the box and demo it? Anyway, I was surprised at the size of it. I don't know what the rest of you were visualizing, but I was expecting a larger piece of equipment, like one of the analyzers that an auto service department would use. The model 111R, which is the larger and more expensive model is 1.25" x 1.25" x 8.75". The whole unit is handheld and couldn't weigh more than a pound. In fact, the detector, earphones, accessories, and padded carrying case weigh only 7 pounds. This thing is small enough that I could see it being carried in a holster type case connected to someone's belt. Bud and Myles gave me a demo in the office and then Bud suggested that he demo the 111R's detection capabilities on his car. I told him that I had driven our company van, which is a real piece of junk, to Nashville and asked if he would do the demo on it. Well, he found a vacuum leak, problems with the water pump, and the alternator was starting to have problems. I put on the earphones and listened to each part my self and was truly amazed. You could hear the problem with the bearings in the alternator. If you have ever heard bearings going bad, it is a very recognizable sound and that is exactly what I was hearing. It normally takes a lot to impress me, but I will say that I was very impressed. How impressed? Let's put it this way, I was late for my meeting because I stopped to call my broker and buy more shares. For those of you that sold yesterday, thanks! We discussed all type of uses for this product. Someone mentioned on this thread using the transmitter in conjunction with the detector to locate leaks in storage tanks. Yes they can do that and Bud gave me a real life example where he used the transmitter and detector and I think anyone can relate to this. Bud had a leak in his roof at home. He called a roofer over to his house and found where the leak was by using the equipment. He also found window air leaks that needed to be caulked. What a great product! After you have seen the size of the model 111R, you can see it becoming a house hold item. Can you imagine calling an air conditioning repairman and telling him that your air conditioner's compressor is going bad, or you have a Freon/CFC leak and show him where it is? Go on vacation and check your car out before you leave to see if your alternator is going bad, or your water pump it about to go out, or your wheel bearing are going bad. What about buying that used car? Lets see what's going to go wrong with it before we agree on a price (a used car salesman's worse nightmare, an informed buyer). Myles gave me copies of the videos and printed information that they take with them on demos (they were heading to Kansas City yesterday). The videos were very informative; however, to get the big picture you have to view them both (each about 5 minutes each). These videos will get you thinking about other applications. Wow what a product! I asked Myles about underground leak detection because someone on the thread had asked about it. He said that the current models would have some problems detecting in places where sound would be dissipated, such as dirt. I asked if detecting down 7 feet in the ground would be a problem and he told me that that might be pushing it, however it if were 7 feet of concrete it would be no problem what so ever. I asked about medical applications such as checking heart valves in a patient. He said that sound dissipation again would be a problem with the current model, however "nothing is out of the realm of possibilities". I get the sense that they are not going to just sit on this technology, but area refining it as they discover additional applications; in fact I got the sense that they weren't just talking about the next model. To Bud and Myles: Thanks again for your time and information. It probably wasn't the most trusting thing to do by just dropping in unannounced, however I've found out you get some of the best information that way. As for Jimmy, maybe I'll get to meet you on the next trip. To the MMs: Please drive the stock price down, I want to back up the truck. I think that Dave was more informed than the rest of us or maybe just smarter. To Dave, Brian, Joe, and everyone else who has done such great DD: Thanks!! What a great product!