Replies to post #3978 on NNRF Inc (NNRI)

[GIBBER]

Good way to look at it. The containers but it is not a final order. I think it is a development that is suppose to turn into orders. Please correct me if I am wrong.

[ElHefe]

Moneyguy, regarding your post #3978, the answer in short is "no", the company has not publicly announced any contracts generated outside of Atoll. If you speak with company representatives, they make quite clear that this company is a startup and is only 18 months into its plan. The product that would probably generate revenues in the near term is feecom/biecom. A representative indicated to me on the phone that revenues from this would be forthcoming, within 6 mo. at the outside. Production equipment has been paid for and will be installed at the (this from the Jan 10th PR):

"FEECOM/BIECOM is produced in Hanover, Germany and production quality is controlled by the Fachhochschule Hannover, a technological university that has entered into a production agreement with NNRF."

They'll use the university as a production location until product demand warrants the use of a larger facility. They've indicated that there is a known demand (all lead shielding mandated to be replaced by 2010) and, they claim, no competitors.

They have also been transparent in indicating the problems with NuCap and that this has to be reengineered before any sales will be made. The container deal is nascent, a joint venture with a "desktop" proof of concept model having been produced. There has been both European and American interest in this but this is a longer range project, probably into the later half of '09.

From what I've read in the PR's and heard from the company by phone, the bread and butter of this operation is Atoll (do the math, they get 50% of annual revs of roughly $80 million, net of $17 million and the numbers will begin to be included in NNRI's with the completion of the yearend underway as we speak) and feecom/biecom. They are very excited about the container venture but that's a longer term operation and probably won't see revs until late '09 or '10. NuCap is a sideshow, in my opinion. All the other stuff they're pursuing I believe to be a "let's cast the net wide and see what happens" approach. In the meantime, the Atoll/feecom/biecom combination is compelling enough. This won't be a penny stock for long.