Speizman Industries Inc fka SPZN

[Teamlasvegas]

Market Cap Now @ 65K

Reuter As Of Jan 30, 2009.

A/S 20M
O/S 3,255,428
Insiders Own 25%

Company had outstanding federal and state net operating loss carryforwards (“NOLs”) of approximately $4.8 million and $12.2 million, respectively. These carryforwards expire at various dates through 2023. During the six months ended December 27, 2003, the Company has increased its valuation allowance from $200,000 to $1,340,000 related to operating loss carryforwards, since it is not likely that all of the loss carryforwards will be realized prior to their expiration.