Elbit Vision Systems Ltd. (fka EVSNF)

[rado]

Hi Fishhunter,

In one of the conference calls the CEO was given a question about the share - would they see any more dilution - and he explained about the investor converting his warrants and made a statement like "absolutely no" that they would not be increasing share count in the near future and they don't need new cash to grow. Right now the issue is training the staff enough to be able to give good customer support to new clients. Sales is chomping at the bit to sell more units. The building of the units is not a problem. Also, they have a facility to build their new units in either America or Israel. The CEO said they could build them out of either plant. So if their was Israeli unrest then the units could still be built. In that case if they have all their support staff in Israel and there was unrest, the issue would be with the support staff.

I also like the niche focus. Provides a moat to protect against entrants.