Bid Oracle

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Brite-Strike Tactical Illumination Products, Inc. (OTC: BSTK) Poised to Benefit from the Growing Need for Police Body Cameras
In 2013, a surveyed sample of police departments stated that 25% of them owned and used body-worn camera technologies. In 2014, President Obama announced that he wants to increase police force transparency by funding 50,000 body cameras for police officers. He proposed a three-year, $263 million spending package to increase use of body-worn cameras. Demand for such technologies is on the rise, and as such, complementary goods will also be seeing an influx in demand. That’s where Brite-Strike Tactical Illumination Products, Inc. (OTC: BSTK) has a tremendous opportunity. BriteStrike has already established itself as a leading distributor of tactical gear to civilians and police.
Brite-Strike manufactures a hands-free body-worn lighting device, which is intended to pair with body cameras. This will allow effective recording for evidence and transparency during both night and day. This is especially important, as the majority of crimes still occur under the cover of night, according to research done by the School of Criminology at Rutgers University ( http://www.forecastingprinciples.com/files/pdf/Felson_and_Poulsen,_Simple.pdf).
As per the company’s most recent financials, they boast a gross margin of 72.23% on rising sales, which is very high. This is a very profitable market, and the company has seen growth in both its cash and inventory on hand. This will allow the company to meet the heightened demand and channel cash into the marketing and development of their tactical lighting products. Having higher cash on hand allows the company to meet its immediate needs without needing to seek higher cost of capital financing opportunities. This is favorable for investors, as the company will be less likely to seek convertible notes to finance growth in order to meet their growing product demand.