FAT CATS

[MikeDDKing]

AYSI published news of $2.43M in orders today via an 8-K. Also, the order from FMG will likely have follow on orders. These orders represent in excess of 50% of last quarter's record revenue of $4.2M. Here is the text from the 8-K:

UPDATE OF SALES AND ORDERS FOR ARCOPLATE TM


Fortescue Metals Group (FMG) has continued its preference for the use of ARCOPLATE in all their mining operations with placement of an order for one million eight hundred thousand dollars ($1,800,000) worth of product this week.


ARCOPLATE was used predominately in the construction of their current mining operations in Northern Western Australia (Cloudbreak mine); the value of product utilised in Cloudbreak mine by FMG was $5.5 Million making total purchases of ARCOPLATE $7.3 Million by FMG (www.fmgl.com.au)


Part of this order is for their existing operation and the balance is for the start of the fit out of their second mine which is currently under construction.


Alloy Steel has been advised it is preferred supplier for this second mine’s wear plate requirements.


Following a visit to Perth last week by a group of consultant engineers from Kuala Lumpur, a significant order has been placed for the first major use of ARCOPLATE in Malaysia.


The final order value is expected to be approximately $630,000.

More AYSI DD can be found here:
http://investorshub.advfn.com/boards/board.aspx?board_id=9225

Mike