Some quick notes:
Could not be more upbeat on prospects
Also, they have no debt, and extend no credit and pay suppliers in advance.
Applications to be put in for listing upgrade in within quarter or so
Sales are going from "millions to tens of millions"
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"after 8 yrs...On verge of becoming an overnight success..". Started in 2004..patented after.
Number of shares not appropriate for Nasdaq.. Bring float to appropriate for higher exchange..
With events of revenue and partners interacting.. Fairly large project working on last 3 yrs.. Bringing in upper level managers/logistics.. Going into big boy sandbox..
Francesca..looking at Huge growth point in the company..looking to add 10 times current staff of 7 people based on new contracts.
Wd-40 company worked with him previously. Product Under pressure could be dangerous..
Provides US navy grade protection for corrosion..mold.. Did contract w/ Coates Plc..largest yarn manufacture in world used product in 37 factories world wide.. $1 million in sales. Saves that company 10% per year..
Currently working with several food/pet products manufacturers..
Currently sold by WW Grainger catalog for last 2 years.. Was in agreement with Lowes but too much hassle due to small direct sales orders. Prefers larger OEM companies. Larger contracts will be handled internally but will also sell thru foreign subsidiaries in Latin America, Europe, India, and Middle East.
Profit margins 50% on patented projects.. Revenues currently millions.. Soon to go to tens of millions.. Most of forward revenue done by exec vice president.
Reverse split- will occur.. Possible stock buy back and then reverse split before listing to higher exchange. Possible contact with larger funds in place - very vague in this area..
Super preferred stock-he controls approx xxx super shares.. Company has no debt.. No outstanding credit.. Only money due is salary/loans from the owner and private placement shares.. In Order to keep above 51% die to current pink sheet listing..he had to issue super preferred shares with 1000k to 1 voting rights.. Will not convert his shares with supermajority.. Instead will retire majority of super preferred shares to maintain 51% of control Until he gets on Amex exchange.
Product lasts more than 10 yrs.. Both in cold/Middle East climates.applied like paint brush roller/sprayer.. 53cents per sq foot for residential. $2.50-5.00 per sq ft for industrial. Outdoor life span is 5-10 year.. Indoor applications is 5-10 yrs.
Used in a tool factory on their windows.. Took approx 4 months for company to recover cost. US Navy and 4 US army corp of engineers used the applications..Seattle museum of flight, Pensacola navy measure, l3 communications, Coates Plc textiles.. Currently used on over 100 international textile mills, Galp Energy from Portugal.. Oil pipelines/storage tanks. 55k sq ft of glass windows will use product instead of installing double pane glass.. Same company has another 36 factories in US.
Goal is to move to higher exchange within 2012. Would make applications within a quarter than takes up to 6 months to get the Amex listing.
Less than 12 shareholder own over 1 million shares each.. Total of over 3k shareholders on Noble list..
Currently has 2 global patents.. Already fought off 1 side challenge from a competitor but the competitor lost. Person in china tried to reverse engineer for 1 yr but was not able to figure out process/chemicals.. No competitors on market do not have combined product offering of heat abatement, corrosion, mold/mildew, chemical resistance.. Product is the only uv coating that is clear.. Allows for UV testing as it is clear..All others competitor are white color.
Window coating cannot be measure by r value, but was tested by European Market tests..BTU watts, dropped 34% with standard 3 coat application.since cannot be measured on r va
Ue, cannot qualify for new building energy requirements, but this does not apply to existing buildings.
EPX product for tiles will withstand a blowtorch flame direct for 10 min continuos and is also 97% resistant to sulphuric acid.
Product is breathable at 5 perms..if used on decking than product remains viable as long as it does not peel/chip off.
2011 financials will be out by end of this month (March). No future cash needed for growth due to planned contract growth.
Does not want to be defined only as a "coatings company". New products coming out soon with 2 more products coming out soon (before Amex listing). Will be "energy saving" product. Not currently interested in a no money down revenue/savings share deal with new purchasing companies.
Biggest risk/concern.. Not money..not product.. Biggest concern is hiring right people to,stay w/ company. Current interviewing person to handle logistics for company as this is the biggest roadblock to the future of the company.
Www.Nansulate.com website
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