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Twin Vee Powercats Inc. (TVPC)

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Last Post: 9/11/2019 9:56:20 AM - Followers: 26 - Board type: Free - Posts Today: 0

Business Description
  • Twin Vee is the Largest manufacturer in the USA (by volume)
    Twin Vee produced 120+ boats in 2017. 
    Employee 65+ people
    Manufacturing facility can support production of 350+ boats per year.

    Twin Vee ticker symbol: TVPC   
    Catamaran are quickly becoming Mainstream 
     The Boating Industry is evolving from single hull boats to dual hull boats & Twin Vee is perfectly positioned

    Catamaran Boats Offer 
    Better Stability from 2 hulls in the water vs. a single hull boat
    Greater Fuel Efficiency from less drag on the hull
    More Deck Space due to the bow of a Catamaran is wider
    Superior Ride Quality is unparalleled in a PowerCat


Twin Vee has consistently proven itself as a Leader in  Power Catamaran Innovation

Twin Vee was originally founded in 1994 with the aim of refining the power catamaran hull to perfection.  Using a distinctive experimental prototyping process, Twin Vee has developed twin hull configurations that slice through waves, wakes and choppy seas cleanly, while maintaining speed and direction.   As we have grown and evolved since that time, we had the following key milestones in the development of our business:

  • -list of milestones that the company hit through its history 
    -founded in 1994 in Miami Florida 
    -1994-1997 designed and produced small lake and bay boats from 10’ to 16’
    -1998 moved to Port St Lucie , Florida 
    -1998 introduced 1st  22’ offshore OceanCat  
    -2000 introduced 1st  26’ offshore Oceancat 
    -2002 Introduced largest power catamaran  in marketplace  32’ offshore OceanCat
    -2003 company built new facility in Fort Pierce, Florida (current existing location) 
    -2004 Twin Vee was sold to Stonehenge Capital
    -2004 designs and introduces the largest recreational PowerCat 36’ center console
    -2005 the Company had a record of 40 new Dealers 
    -2005 Twin Vee  produced 700 boats for the year year (approx. 3 boats per day) 
    2007 Greatest Financial Recession since the Great Depression , approx. 70% of all boat manufactures closed or went into hibernation. 
    -2008 filed for re-organization
    -2010 Twin Vee reopened its doors and began doing business with a few dealers and 10 employees
    -2012 –acquires rights for the 35’ Mamba Hydrofoil Hysucat 
    -2013 10 dealers and sales increasing to 50 boats per year, no marketing 
    2015- finished year with 68 boats produced, 8 small dealers and $5.1 mil in sales, no marketing, no brochures. 
    -January 2016 Twin Vee acquired by Joseph C Visconti
    -April 2016-  began overhauling the factory, manufacturing process' and modernizing the Plant 
    -2016-2017 Visconti invested $1.8 million into factory modifications, updates, New tooling, new molds, CNC machines, technology, marketing, dealer Development 
    - 11/2016-  Twin Vee Installed a 120-foot Overhead crane to lift and move molds, hulls, caps, large boat parts through the lamination department, saving time, creating efficiencies and a safer work place
    -july 2016-  1st CNC 3 axis purchased, CNC department set up and Company begins to design and manufacture its own small parts. 
    -February 2016 2nd CNC purchased, Rotary CNC, used to cut all upholstery and fiberglass sheets, offering exact sizing of material to perfect the build process of a boat that requires cemetery and balance. 
    -November 2016 – Company re-introduces the best-selling OceanCat 260- rebranded as the 260 SE, 260 TE, 260 Exuma 
    -March 2017, Company purchased an industrial grade 35-foot overhead five-axis computer numerical control (“CNC”) router to manufacture high quality plugs and molds to help bring new boats to market  in less time, better efficiencies and dramatic costs savings. 
    September 2017, Twin Vee announces its new line of GF or  “Go Fish”, center console boats, appealing to a larger demographic of people that fish recreational and professionally. 
    -May , 2017 Twin Vee hires Dan Mielke, Naval Architect  to design a series of New Offshore PowerCats, starting with the New 23' CC "center console" and the 23 DC "dual console" OceanCats
    -September 2017, Twin Vee announced that it posted a 76% increase in revenue compared to the same quarter the previous year.  
    -November 2017, Twin Vee announces its partnership with Dr. Guy Harvey and Guy Harvey Magazine to create the “Ultimate Green Fishing Machine”, recognizing Twin Vee’s boats are environmentally-friendly and the best option in fishing on the market today.  
    -December 2017, Company has record backlog of 48 boats, including a (10) boat order for $1.7 Mill from a single dealer. 
    December 2017, Company should finish year with approx. $7.8 mil in revenue and produced over 120 boats. 


Contact Info
  • Twin Vee PowerCats
    3101 South US-1
    Fort Pierce, Fl. 34983
  • Website:    http://www.twinvee.com/  
    Facebook: https://www.facebook.com/TwinVeeCat/
    Phone: 772-429-2525
    Email: contact@twinvee.com
Company Officers
Joseph Visconti CEO, President-twitter: http://twitter.com/#!/Josephvisconti
David Brooks Acting CFO
Company Directors
Joseph Visconti Chairman
Current Price
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
#1431   https://www.accesswire.com/558428/Rise-in-Power-Catamaran-Interest-Seen-in-Twin- steel68 09/11/19 09:56:19 AM
#1430   No doubt this company not doing well steel68 07/16/19 09:08:29 AM
#1429   https://www.instagram.com/p/Bz2xPSBFWox/?igshid=cwthm4gn0jj3 nbketz4 07/13/19 06:37:55 PM
#1428   Turning into a very boring stock. Yield sign nickypicky 07/01/19 02:17:43 PM
#1427   Yes, large inventory on hand, they need to nbketz4 06/13/19 10:50:53 AM
#1426   Sales are down. Operating expenses up. steel68 06/13/19 10:47:22 AM
#1425   News out: nbketz4 06/07/19 09:14:51 AM
#1424   Quarterly report filing: nbketz4 06/07/19 09:13:47 AM
#1423   We have worked hard on brining this Family, nbketz4 06/01/19 08:45:30 PM
#1422   https://www.facebook.com/TwinVeeCat/videos/664128164104603/ nbketz4 06/01/19 08:44:51 PM
#1421   The yield sign just came on in the nbketz4 05/31/19 11:52:03 AM
#1420   The stock has a yield sign on otcmarkets....thats nickypicky 05/31/19 11:49:09 AM
#1419   Yeah, the outstanding shares have increased considerably though, nbketz4 05/31/19 11:16:07 AM
#1418   Just two years ago pps was $0.29. SMH. steel68 05/31/19 11:10:39 AM
#1417   I'm in the same boat as you, lololololololol. nbketz4 05/31/19 10:53:36 AM
#1416   Not looking to dump but I’d like to steel68 05/31/19 10:48:13 AM
#1415   Twin Vee PowerCats nbketz4 05/29/19 09:17:28 PM
#1414   Yeah, it's not a scam pump & dump nbketz4 05/29/19 11:22:40 AM
#1413   Very nice but still no trading steel68 05/29/19 11:20:29 AM
#1412   https://www.facebook.com/TwinVeeCat/videos/2355840921361705/ nbketz4 05/22/19 09:13:46 PM
#1411   Thank you so much for participating in the nbketz4 05/22/19 09:13:16 PM
#1410   Stalemate nbketz4 05/15/19 03:30:52 PM
#1409   But still no one trading steel68 05/15/19 03:29:38 PM
#1408   News: nbketz4 05/15/19 11:33:52 AM
#1407   TWIN VEE is Proud to announce our boats nbketz4 05/13/19 08:05:54 PM
#1406   Who knows wtf is going on with this stock??? steel68 04/16/19 11:17:46 AM
#1405   2019 310 Twin Vee Powercat Walkthrough: nbketz4 04/12/19 09:38:09 PM
#1404   Yeah, been like that for a while. nbketz4 04/10/19 10:13:42 AM
#1403   Just no trading going on at all. steel68 04/10/19 10:12:55 AM
#1402   The Goal of any Great Company is to nbketz4 04/07/19 06:51:47 PM
#1401   https://goo.gl/maps/JVHfvtcEDRx nbketz4 04/07/19 06:50:42 PM
#1400   Palm Beach boat show starts today. nickypicky 03/29/19 06:25:34 AM
#1399   Who would sell 200 shares? $18. Wow steel68 03/28/19 11:40:55 AM
#1398   Zero volume steel68 03/26/19 03:09:35 PM
#1397   Attorney letter & disclosure filings: nbketz4 03/25/19 11:28:29 AM
#1396   Tested Suzuki APX 150’s , she handled like nbketz4 03/23/19 05:51:32 PM
#1395   Twin Vee PowerCats nbketz4 03/23/19 05:50:51 PM
#1394   Joseph Visconti nbketz4 03/23/19 03:44:05 PM
#1393   They need a formal press release. nickypicky 03/22/19 10:10:49 AM
#1392   I just tweeted the news. #nickspicks2 nickypicky 03/22/19 09:20:44 AM
#1391   They are beautiful! nbketz4 03/22/19 09:08:33 AM
#1390   Great looking boats! Great job guys! nickypicky 03/22/19 08:59:34 AM
#1389   https://www.facebook.com/TwinVeeCat/videos/1124281011078151/ nbketz4 03/21/19 08:52:29 PM
#1388   https://www.facebook.com/TwinVeeCat/photos/pcb.2214239212225135/2214238505558539 nbketz4 03/21/19 08:51:57 PM
#1387   NET PROFIT / (LOSS) $ 724,247 nbketz4 03/21/19 06:30:07 PM
#1386   Agree, and making a profit too! nbketz4 03/21/19 06:28:11 PM
#1385   Wow! That's great news! nickypicky 03/21/19 04:23:07 PM
#1384   Annual report filed, over $10m revenues!!: nbketz4 03/21/19 10:34:16 AM
#1383   When's the new 10k out? nickypicky 03/15/19 08:23:40 AM
#1382   Maybe you need the electric "stealth" fish stalker nickypicky 03/13/19 07:49:10 PM