TVIN....been watching this one since $0.20...and because I never saw their products advertised or profiled in any of my haz. waste proffessional journals I never thought they were going to be able to penetrate the market. Boy was I was wrong!
Here's a good post from the SI Microcap Kitchen. Everyone's hindsight is 20/20; but take a look at this foresight...like from the hubbel telescope! It is a great privelage for us to be able to watch this guy!
To:GARY P GROBBEL who wrote (2850)
From: GARY P GROBBEL Monday, Sep 17, 2001 11:01 AM
View Replies (2) / Respond to of 20133
if you don't have a lot of cash on hand here is one way to go...TVIN otc bb .14...read full release:
TVI Corporation Reports Record Revenue and Continuing Profitability for Second Quarter
GLENN DALE, Md.--(BUSINESS WIRE)--Aug. 8, 2001--TVI Corporation announced Wednesday that its revenues for the quarter ending June 30 had exceeded one million dollars, the first such quarter in many years.
Unaudited financial results for three and six month periods ending June 30, 2001 and 2000 were as follows:
3 mos 2001 3 mos 2000 6 mos 2001 6 mos 2000
----------- ----------- ----------- -----------
Revenue $ 1,032,079 $ 654,765 $ 2,026,217 $ 1,502,072
Cost of Goods 515,317 312,897 1,024683 692,072
Gross Profit 515,762 341,868 1,001,534 810,000
S,G,&A
Expense 233,318 212,441 622,408 432,262
Operating
Income
(Loss) 184,484 129,427 379,126 377,738
Other Income
(Expense) 00 102,644 00 102,644
Option
Exercise
Expense (20,750) 00 (20,750) 00
Net Interest
Expense (627) (2,524) (10,567) (4,862)
Net Income $ 163,107 $ 229,547 $ 347,808 $ 469,076
Earnings per
share .006 .009 .014 .019
Shares
Outstanding 25,246,035 24,401,307 25,246,035 24,401,307
Allen Bender, TVI's CEO, noted that second quarter results had met budget and were consistent with previous quarters' results. ``We continue to concentrate on developing new revenue streams while maintaining our historical markets,'' he said.
Mr. Bender noted that the company's strategic development plan had been discussed at the Annual Meeting on June 6, and that minutes of the meeting were available on the company's website on the Internet.
The company noted that revenues were higher as a result of continuing acceptance of its Counter Terrorism products and specifically its mass casualty decontamination equipment. Sales of thermal products remain depressed due to severe funding limits at the ranges.
Mr. Bender noted that detailed quarterly financial data including management's discussion and analysis will be included in Form 10-QSB to be filed shortly with the SEC. The report will be available from EDGAR on the Internet.
TVI is a leading manufacturer of quick erect tents and signage, casualty decontamination systems, and thermal targets. Its stock trades on the OTC Bulletin Board under the symbol TVIN. More information is available at the company's website at www.tvicorp.com.
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Contact:
TVI Corporation
Allen Bender, 301/352-8800
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