Atwec Technologies Inc (ATWT)

[bob10103]

Smitty,

All of us longs want it go to the moon; about a dozen of the names you see here probably have about 125-150 million shares combined, if not more. But if ATWT starts getting more contracts with FY2007 sales in the $100k-$250k range, and then every few months they put out a reminder PR tallying up the contracts signed, I think this will start moving.

They already PRd $1.25 million in sales just from West Bend Insurance, Mississippi, Louisiana and Wisconsin Head Starts. They projected revenue of $500k from the security business. If they finalize the other insurance deal with Morgan/Progressive, which is supposed to be significantly bigger than the West Bend endorsement, and sign up a few more Head Starts (not even mentioning a few big school districts), we can easily expect revenues of $5 million. Then there's the retail presence, which is supposedly coming -- 1900 tire stores and a possible home shopping TV appearance have been bandied about. Maybe they can sell another 20,000 units to consumers this year.

I haven't had contact with Wiley for several months, as some of the other regulars here have been pretty diligent sharing ideas with Wiley and reporting back. But from what they say, he's been trying to get deals done AND continues to tinker with other ideas. The African-American angle can only help with government contracts, so if a few more states join the bandwagon, you can see some pretty big jumps in revenue. I don't think the company has to post huge profits, just something positive, and the stock price should take off.

Bob