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Twin Vee Powercats Inc. (TVPC)

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Last Post: 1/18/2019 10:57:27 AM - Followers: 27 - Board type: Free - Posts Today: 0

TWIN VEE POWERCATS
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
Digipath
TVPC
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PostSubject
#1360   I think they've got a clear direction on nbketz4 01/18/19 10:57:27 AM
#1359   Time for an acquisition....factory should be completely updated now. nickypicky 01/18/19 10:38:33 AM
#1358   Annual report should be good-it comes out around April. nbketz4 01/18/19 10:30:05 AM
#1357   The annual report should read real nice.....Did they nickypicky 01/18/19 10:26:57 AM
#1356   These kayaks are a growing market but having nickypicky 01/13/19 10:27:07 AM
#1355   I don’t get this PPS. steel68 01/10/19 10:10:23 AM
#1354   The dealer closest to me just got a nickypicky 01/10/19 08:26:10 AM
#1353   I don't see your bid @ .10, unless nbketz4 01/04/19 12:39:09 PM
#1352   Trying to get my feet wet at .10 now. nickypicky 01/04/19 12:36:59 PM
#1351   Yup nbketz4 01/04/19 12:27:56 PM
#1350   Has to be over $1.00 for nasdaq I nickypicky 01/04/19 12:23:29 PM
#1349   It sure is, they are putting up NASDAQ nbketz4 01/04/19 12:13:18 PM
#1348   Stock price is too low here. These boats nickypicky 01/04/19 11:59:58 AM
#1347   This stock doesn’t move no matter what news steel68 01/03/19 04:04:40 PM
#1346   https://www.facebook.com/TwinVeeCat/photos/a.1822651771383883/2165932913722432/? nbketz4 01/03/19 03:47:14 PM
#1345   https://www.facebook.com/TwinVeeCat/videos/vb.1648262068822855/1861242220664427/ nbketz4 12/28/18 03:42:23 PM
#1344   https://www.facebook.com/twinvee1/videos/2244811835808555/?__tn__=CH-R&eid=ARCXX nbketz4 12/27/18 09:35:31 PM
#1343   https://www.facebook.com/photo.php?fbid=2245425159080556&set=a.1489397221350024& nbketz4 12/27/18 09:34:40 PM
#1342   Yup, low float of around 2.8m, can move nbketz4 12/20/18 02:56:39 PM
#1341   Some lil action today. steel68 12/20/18 02:52:03 PM
#1340   Yeah, waiting patiently here also. nbketz4 12/19/18 02:10:59 PM
#1339   If this would only start moving. Been holding steel68 12/19/18 02:08:06 PM
#1338   3Q filing out, over $8m revenues so far nbketz4 12/18/18 01:32:31 PM
#1337   What a beauty!!: nbketz4 11/23/18 10:06:04 AM
#1336   Not sure when this stock will move, but nbketz4 10/31/18 10:02:24 AM
#1335   This should start moving after Ft Lauderdale Boat steel68 10/30/18 01:58:39 PM
#1334   Holding here also TVPC posted a lot of nbketz4 10/25/18 09:28:44 AM
#1333   Doesn’t look too easy. Holdin mine steel68 10/22/18 03:23:14 PM
#1332   TVPC .143 OVER $5.8M REVENUES IN 1ST 6 nbketz4 09/20/18 10:03:04 AM
#1331   Buys coming in should be .30 easy. nbketz4 09/19/18 03:20:10 PM
#1330   Attorney letter filed: nbketz4 09/18/18 10:20:33 AM
#1329   TVPC quarterly report filed, over $5.8m in rev's nbketz4 09/18/18 10:19:59 AM
#1328   Crickets steel68 09/07/18 11:04:35 AM
#1327   Anyone heard any news? steel68 08/14/18 11:53:41 AM
#1326   No good news in a while steel68 07/31/18 11:55:19 PM
#1325   Nice! gwat1979 06/25/18 10:12:36 PM
#1324   Added some today steel68 06/25/18 06:35:35 PM
#1323   Very nice bid in place at .13 gwat1979 06/22/18 03:58:32 PM
#1322   Nice! gwat1979 06/22/18 03:16:14 PM
#1321   Their loss. gwat1979 06/22/18 03:15:21 PM
#1320   News Out Great News nbketz4 06/22/18 03:13:04 PM
#1319   No one trading here steel68 06/21/18 11:15:22 AM
#1318   No doubt, this one is silly undervalued imo~ gwat1979 06/15/18 12:14:58 PM
#1317   Agree, setting this up to be a $50 nbketz4 06/15/18 12:06:07 PM
#1316   Fantastic! Pieces are falling into place here... gwat1979 06/15/18 09:14:11 AM
#1315   More news!!: nbketz4 06/14/18 03:57:32 PM
#1314   very nice!! gwat1979 06/11/18 06:42:04 PM
#1313   News out: nbketz4 06/11/18 03:23:24 PM
#1312   added more at .13 and bids in for gwat1979 06/11/18 12:21:59 PM
#1311   Exactly!! nbketz4 06/11/18 10:33:47 AM
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