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TGYC - Is doing a one-for-twenty Reverse Stock Split. Man am I glad I got out of it on Friday! I just had a bad feeling about it and I decided to get out before it fell any further. I knew it was a bad trade from when I first bought it at .035 and the bottom fell out! I lost about $900 on it, but it was a lot better than losing everything. I really hate scam companies like this. They just started trading about 3-4 months ago! Go figure??Here's part of the filing;
INFORMATION STATEMENT
PURSUANT TO REGULATION 14C PROMULGATED UNDER
THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
This information statement is being mailed on or about April 15, 2003 to holders of record as of April 4, 2003 of shares of common stock, par value $0.001 ("Common Stock"), of TECHNOLOGY CONNECTIONS, INC., a North Carolina corporation (the "Company"). It is being furnished in connection with the adoption of a one-for-twenty Reverse Stock Split by written consent of the holders of a majority of the outstanding shares of Common Stock.
On April 1, 2003, the Company's Board of Directors approved a one-for-twenty reverse stock split of the Company's Common Stock. On the same date, the action was approved in a written consent executed by the holders of more than a majority of the outstanding shares of Common Stock. Approval by the Board of Directors and by the holders of a majority of the outstanding shares of Common Stock is adequate under North Carolina law to effect the action. The action will become effective following a waiting period of 20 calendar days from the date this information statement is mailed to stockholders.
This information statement is being provided for your informational purposes only.
--------------------------------------------------------------------------------
WE ARE NOT ASKING YOU FOR A PROXY AND
YOU ARE REQUESTED NOT TO SEND US A PROXY.
OUTSTANDING STOCK AND VOTING RIGHTS
As of the record date, there were 26,956,860 shares of Common Stock outstanding. Each share of Common Stock entitles its holder to one vote.
REASONS FOR THE REVERSE STOCK SPLIT
The Board of Directors believes that the current per share price of the Common Stock has had a negative effect on the marketability of existing shares and on the amount and percentage of transaction costs paid by individual stockholders seeking to buy or sell the Company's Common Stock. Many brokerage firms and brokers are reluctant to recommend lower-priced stocks to their clients. In addition, many institutional and individual investors are reluctant to purchase lower-priced stocks. The structure of most brokerage commissions tends to have an adverse affect on potential purchasers of lower-priced stocks since the brokerage commission payable on buying and selling such stocks almost always represents a higher percentage of the trade price than the commission on a relatively higher-priced stock. These factors adversely affect not only the liquidity of the Common Stock, but also the Company's ability to raise additional capital through a sale of equity securities.
Why the explosion in volume during the last half hour? Something must be about to get released! :) I had almost given up on this stock at .015! I'm glad I didn't!
TECHNOLOGY CONNECTIONS INC files Form NT 10-K, Notification of Late Filing
--------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
[X] Form 10-K [_] Form 11-K [_] Form 20-F [_] Form 10-Q [_] Form N-SAR
For Period Ended: DECEMBER 31, 2002
[_] Transition Report on Form 10-K
[_] Transition Report on Form 20-F
[_] Transition Report on Form 11-K
[_] Transition Report on Form 10-Q
[_] Transition Report on Form N-SAR
For the Transition Period Ended:______________________________________
Read attached instruction sheet before preparing form. Please print or
type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the item(s) to which the notification relates: ________________________
Kevin Kyzer 4421 Stuart Andrew Blvd., Ste 102 Charlotte, North Carolina 28217 (704) 341-0698 (Name, Address and Telephone Number of Persons authorized to receive notices and communications)
PART I
REGISTRANT INFORMATION
Full name of registrant
TECHNOLOGY CONNECTIONS, INC.
--------------------------------------------------------------------------------
Former name if applicable
--------------------------------------------------------------------------------
Address of principal executive office (Street and number) 4421 Stuart Andrew Blvd., Ste 102
--------------------------------------------------------------------------------
City, state and zip code
Charlotte, North Carolina 28217
--------------------------------------------------------------------------------
PART II
RULE 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate.)
[X] / (a) The reasons described in reasonable detail in Part III of this
/ form could not be eliminated without unreasonable effort or
/ expense;
/
[X] / (b) The subject annual report, semi-annual report, transition report
/ on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will
/ be filed on or before the 15th calendar day following the
/ prescribed due date; or the subject quarterly report or
/ transition report on Form 10-Q, or portion thereof will be filed
/ on or before the fifth calendar day following the prescribed due
/ date; and
/
/ (c) The accountant's statement or other exhibit required by Rule
/ 12b-25(c) has been attached if applicable.
--------------------------------------------------------------------------------
PART III
NARRATIVE
State below in reasonable detail why the Form 10-K, 11-K, 20-F 10-Q, N-SAR or the transition report portion thereof could not be filed within the prescribed time period. (Attach extra sheets if needed.) The form 10-KSB could not be filed within the prescribed time because the Registrant requires additional time in order to finalize year-end financial information, complete consolidation of financial statements and complete managements discussion and analysis.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification Kevin Kyzer (704) 341-0698
--------------------------------------------------------------------------------
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).
[X] Yes [_] No
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
[_] Yes [X] No If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
TECHNOLOGY CONNECTIONS, INC.
--------------------------------------------------------------------------------
(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
Date March 28, 2003 By /s/ Kevin Kyzer
------------------- ---------------------------------------------
Kevin Kyzer
Chief Executive Officer and Director
Nice DD Dave...people just need to buy
and hold...this IMHO would move then.
EZ
I found it yesterday using Pro Fusion. A powerful search engine! Here's the long link to it. http://ps5.profusion.com/searchresults.asp?cobid=ess&sid={DDD0F6EC-26BE-4818-890D-50DB4D89D933}&...
When Did You Get This?
"WALL STREET CORNER"
BY WALLSTREETCORNER.COM, INC.
www.WallStreetCorner.com
Technology Connections, Inc.
Integrates Latest Technologies & Pre-wire into New & Existing Homes
Security, TV, Audio, Video Surveillance, Internet Connectivity
High-Tech Monitoring Systems & Automation Equipment
ESSENTIALS
Business: Custom Pre-Wiring Systems for Homes
Listed: OTC Bulletin Board
Symbol: TGYC
Shares Out (at 9/30/2002): 25,157,860
Approximate Float: 5.2 million shares
Market Cap (at 1/24/2003): $3.52 million
TGYC's Service Results in an Unparalleled Value-Added Feature
for the Homeowner, as Well as for the Homebuilder
TGYC installs high-tech structured wiring systems in newly constructed homes, & retrofits existing structures with the same integrated technology components & systems. Its systems integrate security, computer/Internet, high-speed Internet access, satellite or cable TV, home theaters, indoor/outdoor lighting, vacuum systems, solar energy systems, entertainment/communication, & various automation capabilities & home electrical improvements throughout the home.
SUMMARY
We interviewed CEO Kevin Kyzer -- he founded TGYC, got it through its development phase, developed a marketing strategy, took it public via an IPO, & moved it to profitable operation, all in less than two years. Kyzer began with one person & one pickup truck on 5/23/2001. His customers responded with enthusiasm. His company is prospering. TGYC actually provided planning, installation, & support of its products to over 500 homes in its first year of operation. This represents a crucial, successful beginning for TGYC's strategy to become the key player in a new industry -- one based on an important new trend.
The Trend
There's an important trend taking place in this country. It's at an early stage. We explain how it was recognized by TGYC management in the following "Background" section.
We like situations that are based on a trend -- especially one that promises huge marketing opportunities. The best time to begin taking advantage of a trend is near its beginning. If a company can do that, it can establish itself as the trend's key player. That's exactly what TGYC is doing. Management not only recognized the trend & based its operations on it, management took the company public. It is now the only publicly traded entity that offers TGYC's comprehensive turnkey solution of products & services. That gives TGYC a real edge.
The popularity of a home that has networking capability is demonstrated by a news release issued on 1/20/2003 by Best Buy (NYSE/BBY). It tells about Best Buy's assortment of home networking packages that will be used in 350 homes in the Twin Cities area of MN to be built by Pulte Homes, one of the largest home builders in the U.S.
Background
When the telephone was first introduced, only the wealthy had one. Then, as the cost came down, others installed one. Then as people understood why they needed a phone, almost everyone got one. The key word is "one." People had one phone in their house. As the phone's usefulness became apparent, people installed more than one phone in their homes. Now just about every new house has the wiring & phone jacks already installed in at least the kitchen, living room, & master bedroom. That describes how the first of this trend series developed.
A second similar trend was repeated with television. As the cost of a TV set came down, more people bought one. Then as people understood the advantages of TV, they began to install a second set in their bedroom. That trend continued. Today, almost every new home has TV jacks (or at least TV wiring to boxes with blank covers) installed in the living room, bedroom, kitchen, & lately in a room that may be used as one's "media room," or "home theater."
A third similar trend is being repeated with computers. As the price of computers continues to become more affordable, more people want one. As people understand the usefulness of computers, families want more than one computer. Each child now wants his or her own computer for homework, games, & email. And -- they all want access to the Internet.
That brings us to the similar fourth trend -- broadband's arrival. It is in key areas now. Soon it will be almost everywhere. Now that I have it, I would never live in a place where it was not available. A key to this fourth trend is the fact that besides speed, broadband makes it possible for each person in a household to have simultaneous yet separate access to the Internet without needing multiple phone lines. This is accomplished through a home computer network, one of the elements of TGYC's package of products & services.
TGYC's Business
Kevin Kyzer recognized this series of trends, & the beginning of this fourth trend. He saw the coming need to have not only phone & TV hookup capability at several locations in one's home, but broadband computer connections as well. Our opinion is that this trend will progress in the same way as the first three. In areas where broadband is available, more & more people are taking advantage of it. As they understand the convenience, speed, etc. that broadband provides, they will want it to be available in several places in their homes. Another aspect related to this fourth trend -- people will want to incorporate other elements of home automation into their lifestyle.
The Networked Home
TGYC enables new homebuyers & even owners of existing homes to have a networked home. A networked home is somewhat like the home Bill Gates built for himself. It is based on a structured cabling or wiring system controlled from an impressive central panel in a closet, laundry room, or other convenient inconspicuous location.
Homeowners are provided with the ability to distribute all of the networked systems throughout the home. They can select the modules & services that reflect their lifestyle. Additional capability can be added-on efficiently at a later date as their needs & desires to create a total home environment become better defined.
At the central panel, TGYC can provide the homeowner (in addition to such systems as security, central vacuum, solar power, home theater, indoor lighting, landscaping lighting, etc.) the ability to manage such additional capabilities as:
o Monitoring the baby & other video cams around the house from any TV in the house.
o Internet connectivity anywhere in the house, by the pool, or even while at a neighbor's house.
o Video distribution from VCR, DVD, cable, or satellite; accessed anywhere in the house.
o Home automation integrated into the network & set up to monitor & change remotely.
o One DVD player or VCR can be used to view movies from any television in the house.
o Signals from a video camera positioned at the home's entrance can be viewed from any television set.
o Intercom system to communicate directly with people in or outside the home.
o Great sound in & out of the home with remote controlled multiple source audio distribution system.
o Enabling all computers to share the same printer &/or a single internet connection.
MARKET
In 2000, only 4% of 1.5 million new homes constructed came with structured wiring. That has been increasing these last two years. In four to five years, it is expected that 45% of new homes will have a structured wiring foundation.
Cahners In-Stat Group estimated that the home networking integration business would increase from $600 million in 2001 to $5.9 billion by 2004.
According to management's studies, about two-thirds of Americans own their own homes, & about 1.5 million new homes are constructed each year. Despite general slowdown in the American economy over the last year, the housing market has been relatively resistant to recession. For example, TGYC's home area, Charlotte, NC & Mecklenburg County were among the few areas in the country that experienced real growth in economic & housing activity over the last 10 years. Charlotte became the 32nd largest city in the country & the 5th largest urban region.
In a typical $300,000 home, between $3,000 & $6,000 (1-2%) on average would be used toward a "wired" home.
TGYC is taking advantage of the trend. It is beginning to work with large home developers to provide the structured wiring system in the new homes they build.
TGYC structured this part of its business in a way those of you who have had a new home built by a big developer are familiar with. They have a showroom that the developer's buyers visit -- similar to the builder's showroom they visit when they pick out floor coverings, colors, counter top materials, lighting fixtures, etc.
The buyer works with the TGYC certified technical consultant who is specifically assigned to handle that builder's customers. He explains all of the great things that can be included in the home, & with the customer, creates a system that suits the customer's present needs, & has the capability to suit a great many future needs as well.
A recent example: On 1/9/2003, TGYC signed a new vendor agreement with Brookwood Home Builders, Inc., one of the country's fastest growing home developers & contractors. TGYC will manage the installation of custom security systems including pre-wire, all equipment, & monitoring, beginning with the new Bonterra $150 million development of 1,391 homes in Charlotte, NC. TGYC builder relations manager Steve Meredith says: "We are committed to finding new ways to satisfy our builders. We strive to support & maintain the personal relationship between the builder & homebuyer to make the construction process more comfortable."
Another example: On 1/16/2003, TGYC reached a new vendor agreement with HomeLife Communities to manage & install home security system pre-wire & equipment. HomeLife has built thousands of homes during the past 25 years in Atlanta, GA & Charlotte, NC. Steve Meredith said: "Added value is something that homebuyers expect in their purchase & our combined efforts provide the benefits of top quality home security services at the most affordable pricing."
TGYC's Business Strategy
The homebuilder sub-contracts all lowBvoltage wiring systems & associated equipment with one company -- TGYC. That saves the builder money, & helps the builder to generate a reputation for homes that have the newest features -- a very important sales advantage. In addition to a great sales advantage, TGYC increases the builder's profit by having upgrades & ad-ons that it sells to the homebuyer, include the builder's markup.
TGYC really helps the homeowner create a "home" rather than a "house" -- a home that the homeowner can brag about to friends & family -- one where they can demonstrate all sorts of the latest technology. TGYC's certified technical consultants (really smart, well trained sales people) help them decide exactly the features they need, both present & for any future needs they may contemplate. A key aspect of the strategy is having the payment for all the pre-wiring & most of the associated equipment included in the mortgage, the homebuyer can get a lot more of the technology features they want, & spend much less up-front.
As indicated, one TGYC consultant is assigned & dedicated to a particular builder's customers. That promotes an atmosphere of familiarity & confidence. Each project is inspected by TGYC's quality assurance manager within 24 hours of installation, & any changes needed are made instantly.
TGYC focuses on four market segments: (1) Residential new home construction; (2) Existing residential dwellings; (3) Multiple dwelling units; & (4) Small commercial buildings.
TGYC's future expansion goals include offering its services in other regional fast-growing cities where annual new building permits are high. Its Southeast regional plans are to begin with Greensboro, Raleigh, & Wilmington, NC; Greenville, Columbia, Charleston, & Myrtle Beach, SC; Atlanta, GA; & Orlando & Tampa, FL. Its national expansion will be focused on the top 10 fastest growing cities in the U.S., as a large portion of their growth is new construction.
Competition is fragmented & consists primarily of sole proprietor installers & home electronic stores. We are not aware of any direct competitor that markets a complete turn-key technology package like TGYC to
homeowners.
MANAGEMENT
Kevin G. Kyzer is president & a director. He was CTO (chief technical officer) at Lifestyle Technologies, where he implemented communications systems, including computer & telecommunications for all office locations, & advised the board on all technology aspects of the business. He was CTO at Pilot Home Technologies, designing & implementing the company's telecom & data network, & doing R&D for new products & services. He owned & operated a computer consultant business in the New York Metropolitan area, known as Data Resources. He was an account executive at CompUSA, acting as liaison between CompUSA & Siemens to facilitate over $10 million in annual computer hardware & software purchase orders. He is a Gulf war veteran.
Stacey A. Kyzer is VP, secretary, & director. She is currently a pharmacist at Walgreens, & served as a pharmacy manager at Walgreens. She is the wife of Kevin Kyzer.
Michael E. Durbin is executive VP, operations. He was an aviation line maintenance supervisor at US Airways, responsible for manpower scheduling & budgeting, & performed troubleshooting functions on aviation electrical & mechanical systems. He was responsible for the AC-130 entry service project, coordinating the airplane's operational review with the factory.
FINANCIAL STATUS
Current Assets: $78,360*
Total Assets: $112,510*
Current Liabilities: $219,131*
Long-Term Debt: $45,000*
Accumulated Deficit: ($744,051)*
Shareholders Deficit $151,621*
Gross Revenue (Q3 ended 9/30/2002): $82,275
Net Income (Q3 ended 9/30/2002): $15,594
Gross Revenue (9 Mos. ended 9/30/2002): $265,105
Net Loss: (9 Mos. ended 9/30/2002): ($538,410)**
* At 9/30/2002
** Includes $462,930 value of common stock issued for services associated in connection with the
SB2 IPO. We like the fact that TGYC didn't go public via a reverse merger -- management
chose to do it the really clean way, even though it took the better part of a year.
ADVANTAGES
We like the fact that TGYC has the ability, background, structure, & a great many successful installations under its belt to take advantage of the fourth trend we described. Its strategy of working with top home developers is a very sensible approach. Having the cost of TGYC's services & equipment sales included in the home's mortgage is another sensible strategy.
Here's a company that began 5/23/2001, determined the best way to work with builders, started the IPO process January 2002, was initially approved in October 2002, & just began trading 12/7/2002. This is as close to the beginning that you can usually get, a great advantage when you are dealing with an emerging growth company.
We see this situation as having excellent long-term appreciation potential. We are favorably impressed with management, & expect TGYC to move ahead at a reasonably rapid pace. As significant milestones are reached, we will update this profile.
LOCATION
Call 866-266-2832 or 704-341-0698, Fax 704-341-0751, Email consult@connect2technology.com, or write 4421 Stuart Andrew Blvd, Suite 102, Charlotte, NC 28217.
www.connect2technology.com
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this document looking forward in time involve risks & uncertainties, & therefore actual results may be materially different. Factors that could cause actual results to differ include activity levels in the securities markets & other risk factors such as customer order rates, cancellations, late delivery of customer components, late system delivery, production delays, dependence upon certain customers, dependencies upon key executives, competition, product liability risk, control by management, & other risks detailed in the applicable U.S. Securities & Exchange Commission requirements.
They must have found more to sell, or
they are dipping it to get shares.
The market sucks, and the MM's know it.
EZ
When is the selling going to STOP? Now the bid is .017! I can't believe I was buying this POS at .038 on Friday!!
Penny I guess you were right! Sellers are in control! I can't believe that they are taking it down like this. I hope the seller is almost finished before they take it down further. We could use some news about now.
Dave
Pennybuster, I believe that the sellers are done after yesterday. I witnessed heavy selling in the morning followed by one final 200K sell at the bid of .02 cents. Then there was no selling for the rest of the day before it began running back up in the afternoon. Most if not all of the volume in the afternoon was people buying. I wouldn't be surprised to see us back up in the .035 to .04 cent range today.
TGYC Today Suggest's to Me Sellers are In Control Here.
Still Holding as Of Now..
Hope the Seller/Seller's are Done Soon..
TGYC asking .025 cents! This blue light special won't last long IMO! I wish I would have waited to buy it today instead of on Friday! LOL I picked up 5k more at .025 to help bring my average down a some. The S-8 has got to be just about complete! Great buying opportunity here at .025 IMO!
I'm in this one too EZ!! I had a terrible time getting filled on Friday as the market makers gave me three partial fills before I was able to get my 45,000 shares. I don't think there is too much stock left for them to sell at these prices. The chart looks great on this!
Volume and Price and Chart-
I'm in on this one for 10k. Just couldn't pass the chance up at its all time low. I think the S-8 has something to do with the sell off lately. This should be a .10 to .15 stock at the least. Should be good for a nice POP soon.
nights94
jmo
Check charts, vol. and price now
versus issuance of S-8 on 1-30-03
for guidance.
EZ
S-8 1/30/03 now complete.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
TECHNOLOGY CONNECTIONS, INC.
(Exact name of registrant as specified in its charter)
North Carolina
(State or other jurisdiction of incorporation or organization)
56-2253025
(I.R.S. Employer Identification No.)
4421 Stuart Andrew Blvd., Ste 102, Charlotte, North Carolina 28217
(Address of Principal Executive Offices, and Zip Code)
EMPLOYEE STOCK INCENTIVE PLAN FOR EMP0LOYEES AND CONSULTANTS
(Full title of plan)
Kevin Kyzer, President and Chief Executive Officer
4421 Stuart Andrew Blvd., Ste 102, Charlotte, North Carolina 28217
(Name and address of agent for service)
(704) 341-0698
(Telephone number, including area code of agent for service)
<table>
<th>
CALCULATION OF REGISTRATION FEE
<tc>
Title of Securities to be Registered
Amount to be registered
Proposed Maximum Offering Price Per Share
Proposed Maximum Aggregate Offering Price
Amount of Registration Fee
Common
1,750,000
$0.15(1)
$262,500
$24.15
O/S prior to S-8 was only 24,569,308. So, w/ the 1,750,000
shares added on, it is now 26,319,208.
EZ
(
PART I. INFORMATION REQUIRED IN SECTION 10(a) PROSPECTUS
Item 1. Plan Information
This Prospectus is part of a Registration Statement which registers a maximum of 1,750,00 shares of common stock, $.001 par value, of TECHNOLOGY CONNECTIONS, INC. (the "Company") for distribution through the Company's Stock Incentive Plan for Employees and Consultants ("the Plan"), as set forth below. The duration of the Plan shall be for ten (10) years following the date of adoption unless earlier terminated by the Company's Board of Directions. The Board of Directors may terminate the Plan at any time. At this time, no provisions exist for extending the duration of the Plan.
Title of Plan : TECHNOLOGY CONNECTIONS, INC. 2003 Stock Incentive Plan for Employees and Consultants.
Nature and Purpose : To provide employees and consultants of the Company and its subsidiaries, if any, with financial incentives for their contribution to the Company and also to offer the employees and consultants an opportunity to become shareholders of the Company.
2-11-03 P.R. inside.
Technology Connections Announces Intent to Acquire Insul-kor, Inc.
Tuesday February 11, 2:52 pm ET
CHARLOTTE, N.C.--(BUSINESS WIRE)--Feb. 11, 2003--Technology Connections, Inc. (OTCBB:TGYC - News) announces signing of letter of intent to acquire Insul-kor, Inc., a profitable Indiana based manufacturer of structural insulated panels (SIP).
Insul-kor, Inc. is licensed in most all states and services six foreign countries. Insul-kor panels are fabricated to builder/customer specifications and can carry the PE seal of approval.
Specific terms between Technology Connections, Inc. and Insul-kor, Inc. will be announced in a later press release upon finalization of the acquisition.
Kevin Kyzer, CEO Technology Connections states "We are very excited about the opportunity to offer this advanced technology for home construction to our builder clients. Combining our technology installation products with innovative building products is a good fit for our future growth plans. We believe that Insulkor, Inc building products is the future for all home fabrication and structures and many of the world's major builders. Companies like Pulte Homes, have already begun to purchase their own manufacturing plants to make the change to custom insulated panel building."
About Insul-kor, Inc.
Insul-kor, Inc., is a well respected manufacturer of structural insulated panels and one of the best track records in the industry (zero failures or separations in it's 18+ year history) all panels can be PE sealed, all fabrication (cutting out of doors, windows, wiring, outlets can be included in its pricing (which is normally less than any competitors). The units, whether for commercial, homes, churches, or schools can carry an energy star rating.
"You can slash energy costs by up to 50%. Because SIPs create a tighter building envelope than conventional insulation, your builder can actually reduce the size of heating and cooling equipment. That reduces costs immediately." Quote from www.sips.org
"The federal government and military spend over $10 billion annually on energy management products and services. Presidential Executive Order #13123 directs all federal agencies and the U.S. Post Office to reduce their energy consumption by 35% no later than 2010." Quote from www.sips.org
Technology Connections integrates into new and existing homes the latest technologies available for home automation, security, video surveillance, Internet Connectivity, home entertainment. Technology Connections' methods benefit the homebuilder and the buyer by being the single source of all the home's electronic wiring and equipment needs. Cahners In-Stat Group estimates that the home networking integration business will increase from $600 million today to $5.9 billion by 2004. Technology Connections provided planning, installation and support of its products to over 500 homes in its first year of operation.
Visit our website: www.connect2technology.com.
EZ
2-18-03 P.R. inside.
Technology Connections Announces Revised Revenue and Earnings Forecast for 2003
Tuesday February 18, 10:03 am ET
CHARLOTTE, N.C.--(BUSINESS WIRE)--Feb. 18, 2003--Technology Connections, Inc. (OTCBB:TGYC - News) announced today that the company anticipates gross revenues of $6.2 million and net revenues of $2.5 million from phase I of its 2003 commitments following completion of the acquisition of Insul-kor, Inc.
The acquisition of Insul-kor, Inc. is currently in the final stage of closing. These forecasts are subject to the company completing an initial raise of $1 million and finalizing the purchase of an additional 70,000 sq. ft. manufacturing facility needed for expansion.
Specific terms between Technology Connections, Inc. and Insul-kor, Inc. will be announced in a later press release and Form 8-K filing with the Securities and Exchange Commission, following the closing of the acquisition of Insul-Kor, Inc.
Kevin Kyzer, President and Chief Executive Officer of Technology Connections states, "We are working hard to finalize the Insul-Kor, Inc. transaction. This acquisition enhances our business model and compliments the company's overall business strategy. With this transaction finalized, we will look to securing our first manufacturing plant and then we will be able to proceed with orders pending. The SIP industry is growing very rapidly and we plan to capture a significant portion of this market."
Although no assurances can be given that the Insul-Kor, Inc. transaction will be completed, the capital raise will be successful or that the company will be able to complete the purchase of the manufacturing facility, Technology Connections, Inc. and Insul-Kor believe that all the elements for a timely and successful merger are at hand.
About Insul-kor, Inc.
Insul-kor, Inc., is a well respected manufacturer of structured insulated panels and has one of the best track records in the industry (zero failures or separations in it's 18+ year history). All panels can be PE sealed and all fabrication (cutting out of doors, windows, wiring, outlets) can be included in its pricing (which is normally less than any competitors). The units, whether for commercial, homes, churches, or schools can carry an energy star rating.
For more information on the SIP industry visit www.sips.org
Technology Connections integrates into new and existing homes the latest technologies available for home automation, security, video surveillance, Internet Connectivity, home entertainment. Technology Connections' methods benefit the homebuilder and the buyer by being the single source of all the home's electronic wiring and equipment needs. Cahners In-Stat Group estimates that the home networking integration business will increase from $600 million today to $5.9 billion by 2004. Technology Connections provided planning, installation and support of its products to over 500 homes in its first year of operation.
Visit our website: www.connect2technology.com.
EZ
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http://www.connect2technology.com/
EZ
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