THESE ARE OFFICIAL TWEETS FROM BOB CASHMAN
It’s great to see the number of long and strong positions keep growing on this board. There are no surprises in the 10-k. For those who don’t already know what’s in the numbers, DD on company activity in recent months and a key statement in the 10-k will lead you to it.
The 10-k says, “The losses in 2017 were primarily driven by improvements and installation of new equipment in the manufacturing operations.”
$SVTE acquired another manufacturing company in Q4 for its assets at discount, including equipment that reduced manufacturing costs and improved productivity. Cash flow was very strong before expensing. Before the recent cash purchase of $500,000 in new equipment to expand manufacturing operations, I might have even anticipated the company turning a profit in Q1 this year, but with obviously even stronger cash flow in Q1, the expansion makes me more confident in $SVTE as a growth company, as well as a value investment. I can’t wait to see more on the acquisition of that $15 million a year wholly owned subsidiary and how this all fits together, but revenues keep growing and the company is expanding for revenues on a scale many times larger.
The 10-k shows a company turnaround in 2017, but that was only the beginning. The 10-k does not show the wholesale debt conversions done in unison before the close of Q1 this year. There is not much convertible debt left and that much is frozen. Housekeeping on that scale would not have happened all at once without strong current revenue growth and a concrete forward growth plan institutional investors would buy into. The Q1 balance sheet will be drastically improved and with a P/L strong enough for the company to roll its own cash flow into an expansion.
The company is implementing a rapid, aggressive expansion plan for a reason. The scale indicates revenue growth many times greater than last year. $SVTE is uplisting, so the company must have secured commitments to new major orders, if not a major supplier contract or something on that scale. The wholly owned subsidiary is a major part of the puzzle too. No doubt, something really big is happening with $SVTE!
Service Team (SVTE) dba as Delta Stag is continuing with phenomenal growth of more than 30% per year since 2013 and new record revenues! Now is the time to buy shares of this growing profitable company!
On July 20, 2016, in a recent Q filing, the company released the following numbers, which suggest now is the time buy shares of Service Team (SVTE), while its share price is undervalued.
The company reported RECORD revenues for the 3 month period ending May 31, 2016 and posted revenues of $940,796 which is an increase of over 75% from the same period in 2015.
For the nine months, year-to-date revenues totaled almost 3 million dollars ($2,647,289), which represents a tremendous 69% increase over the same 9 month period in 2015.
Service Team (SVTE) financial year are forecasting revenues will 5-6 million dollars for 2016.
Since June of 2013 Service Team (SVTE) has maintained a sustained growth of more than thirty percent (40%) per year, truly phenomenal and anticipated to continue.
Service Team (SVTE) is now cash flow positive and all convertible notes have been frozen, once again a great buy signal!
Service Team (SVTE) is current and fully reporting with the SEC, it's financials are audited allowing for transparency with no surprises.
Share Structure as of February 2017
Issued & Outstanding: 348,058,493
About Service Team (SVTE)
Service Team Inc. is a public company with its stock listed on the OTCQB using the symbol (SVTE).
The Company, doing business as Delta Stag, is a manufacturer of commercial truck bodies and truck parts in the Southern California area with locations in Oceanside, Carlsbad, Vista, Fallbrook and Encinitas.
Service Team (SVTE) acquired 100% of Delta Stag in June 2013 and, since then, Service Team (SVTE) has maintained a sustained growth of more than 40% per year.
Their complete manufacturing/repair facility is in South Gate, CA. It manufactures custom/standard truck bodies in about 70 different models to meet the specialized demands of each user.
The company has approximately 400 customers. It is not dependent on a few major customers, which makes it an even stronger buy!
The company is well diversified with only one customer South Bay Ford who represented more than 10% of sales in the last 12 months.
Service Team's (SVTE) customers are auto dealers and users of specialized trucks; such as dairies, food distributors, and local delivery.
Service Team (SVTE) offers its customers the following benefits:
• In-house quality control over each stage of production.
• Large parts inventory and repair location can quickly return trucks to service.
• The latest in modern equipment to ensure consistent quality and reduce replacement costs.
• Multiple large production facilities to expedite orders and meet customers needs.
• Exclusive Manufacture's Warranty.
Company Updated Profile
The company manufactures commercial truck bodies primarily for transporting frozen or refrigerated food products.
Reporting Status U.S. Reporting: SEC Reporting
Audited Financials Audited
Latest Report May 31, 2015 10-Q
Incorporated In: NV, USA
Year of Inc. 2012
Employees 34 a/o May 01, 2015
Robert L. Cashman President, COO, Chairman of the Supervisory Board, Secretary
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