Replies to post #8 on China Printing & Packaging, Inc. (fka CHPI)

[listener]

Gateway: I liked this stock until the Form 10KSB came out:

16 FTE's, financing needed & dilution s/b expected.

Without some meaningful revs, this stock could continue down despite the progress. Revs without dilution is the life blood of penny stocks, irrespective of their tech or competitiveness. Which brings up the other concern:

"Our Competitors

Coatings removal within the ship maintenance and repair market and the above ground storage tank maintenance market is highly competitive. Significant competitive factors include the price of coatings removal equipment compared to contract services or other service arrangements, the cost-effectiveness of existing coatings removal methods, equipment performance, customer support, financial viability of the vendor and environmental/regulatory compliance. Additionally, since our robotic water-jetting system is an innovative and different method of coating removal, we must deal with the reluctance to change business methods common to most large businesses, including our potential water-jetting customers.

Our robotic water-jetting system faces competition from larger, better financed traditional grit blasting companies and from established companies that have developed water-jet based coating removal technologies which are different from our technology. Companies that manufacture and market competing technologies include:  Flow International Corporation; Hammelmann Corp.; Jet Edge, a division of TC/America Monorail, Inc.; and NLB Corporation. These companies are larger and appear to have more financial strength and more established businesses."