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Napier trades on the TSE and VSE as "NIR" Napier does research, development, and produces chemical products for a wide range of industries. The most recent products they have developed are: -Marine Antifouling Paint Removal Agents "ME1" Non-Toxic, environmentally friendly agent that is designed to remove paint from fiberglass hulls of boats. This is the only environmnetally friendly agent to date and the company says its cost effective. -Reflective Coating and Sighn Paint Release Agents In North America $500 million worth of alluminum is used annually and 65 % is extruded. Highway signs have to be grinded down to be repainted, this product removes the paint chemically, not damaging the alluminum. The company says its on the threshhold of a major marketing effort to municipalities, correction department license plate facilities, etc. -Aircraft Paint Removal Agents "SV-35" This is a non-toxig "geen" stripper that is designed to remove aricraft paint. Right now it is a $100 million dollar market, however, it is based on chemicals lassed with toxic acids. -Plexiplus Removes graffiti from plastic and polycarbonates surfaces, such as bus shelters and signs. This agent is suppose to be highly effective and does not scatch the surface. They believe their product to be one of the most effective ! -Aquablitz Grease and oil film remover. Other products on the market use Toluene, Mineral Spirits and Xylene, they are carcinogenic, flammible, and hazardous. Napiers product is environmentally friendly and just as effective. At present the only product they are actually selling is "Timbercote 2000A" , "QC-2", "QC-3", "Qc Gold". This is a chemical used is the lumber industry to treat lumber, istead of kiln drying. The companies revenues of $2,113,142 in 95, for the year end 96, revenues were down to $1,669,649. The net loss was $681,528 or .045 cents per share. The company blames restrictions on Canadian lumber going into the U.S. for the declines in sales. The company plans to push their new products and believes they could generate extensive new revenues. The company has just under 16 million issued shares and plans to look for new investors or a buyer to help get their new products into the market faster. Right now the stock trades between 10 to 12 cents on volues of 20 to 30 thousand shares on average. Has anyone ever heard of this company ? What do you think of their products ? Is this just another company trying to save itsself by developing green products ? Any thoughts ????????????????? | ||||||||||||||
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