Thanks Tani, short position lowest since penny pumpers started awareness campaign (info thanks to your daily update) Time to solidify that base. I hope Aussies get to reap the benefit of Mr Ovens vision. I think many of us here will. I asked them about capitalization back in Feb and their reply made me buy.
company profile GWA International Limited listed on the Australian Securities Exchange in May 1993 and is Australia’s leading supplier of building fixtures and fittings to households and commercial premises.
The Company is the owner of an extensive range of well-known brands including Caroma, Dorf, Fowler, Stylus, Clark, Radiant, Irwell, Dux, Brivis, Gainsborough, Austral Lock and Sebel, and is the exclusive Australian distributor of other brands including Hansa and KWC.
GWA International Limitedcurrently comprises five business divisions, Caroma Dorf, Dux, Brivis, Gainsborough and Sebel, all of which are well-established businesses with strong brand names and market positions. The Company is a significant Australian employer with manufacturing and distribution facilities located throughout Australia.//
//Dux is an Australian designer, manufacturer, importer and distributor of a range of hot water systems. The range includes mains pressure gas and electric storage, continuous flow gas, electric and gas boosted solar and heat pump products.
Duxhas developed an extensive range of innovative environmental products to meet the changing regulatory requirements, and which assist in reducing domestic energy consumption.
GWA International Limited GWA International Limited are a company based in Brisbane in the Australian state of Queensland. Their main business areas are furniture and fittings manufacture.
GWA International Limitedhave 1,300 members of staff, and have achieved revenues of AU$615,843,000 of which export revenues have accounted for AU$33,000,000.
Duxoperates a state-of-the-art manufacturing facility in Moss Vale, in NSW's Southern Highlands.
Duxemploys over 250 people and also has a National Service Network, which comprises over 400 service agents nationally.It is the largest non-government employer in the region.
Dux state-of-the-art manufacturing facility in Moss Vale, in NSW's Southern Highlands:
Section from WDRP PR Gavin Ovens and Australia's $125 Million Market Distribution Network Taking Shape Mar 01, 2010 08:00 ET
//Following recent introductions made by Mr. Ovens between Wanderport's Head of Technical Research and Product Development, Mr. Robert Simoneau, and one of Australia's largest water heater dealers presently distributing theDux brand water heater Mr. Simoneau has indicated that the Dux distributorwas thoroughly impressed and has agreed and requested to carry Wanderport's microwave energy tank-less water heater.
"Having a sales and distribution agreement with Mr. Ovens is a huge asset for Wanderport. His vast sales network and contacts are already paying dividends for Wanderport.
With his introduction, I have travelled to Australia to meet this large Dux brand water heater dealer.I compare the experience to being taken directly to a company of General Electric's caliber and being told by the general manager that they were definitely willing and ready to promote, sell and feature our microwave energy tank-less water heater throughout their established sales channel," stated Robert Simoneau.
"This type of sales clout is impressive and one of the many reasons Gavin Ovens Holdings PTY LTD. was confident enough to commit to such enormous sales revenue projections of roughly $125,000,000 USD over five years, which Mr. Ovens believes to be conservative,"Mr. Simoneau continued. //