Replies to post #1855085 on BB's Stock Haven

[THECRAPSMAN]

BANI I think you were the first one to call this at 0.0008 last week

[investorcg]

OPXS on radar, hoping for some news shortly regarding government deals......

Optex Systems Holdings, Inc , (OTCBB:OPXS) through its wholly-owned subsidiary, Optex Systems, Inc. was founded in 1987. It is a Richardson, Texas company, which manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications.Its products are installed on a variety of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles and have been selected for installation on the Stryker family of vehicles.Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors.

Customer Base

Optex serves customers in three primary categories: as prime contractor (TACOM, U.S. Army, Navy and Marine Corps), as subcontractor (General Dynamics, BAE, Raytheon and Northrop) and also as a supplier to foreign governments (Israel, Australia and NAMSA). Although we do serve all three of these categories, at present, approximately 90% of the gross revenue from our business is derived from two customers, General Dynamics Land Systems (“GDLS”) and U.S. Army TACOM, with which we have approximately 50 discrete contracts which covers a supply of all of the vehicles, product lines and spare parts. Given the size of GDLS and TACOM as well as the fact that the contracts are not interdependent, we are of the opinion that this provides us with a well diversified customer pool. This broad base enables Optex to mitigate its risk in this economic environment by not relying on a sole or few sources of revenue as well as providing a broad base from which to build its future business.

Notes:

Company is fully reporting
Company posts around 26mil in annual revenues
Yahoo lists the book price of this stock at .40
The float is estimated to be under 30million.
Most employee options on the company are @.15
The company has liquidity issues but not a lack of active market makers trades less than 500k
Company currently has 99 employees
Company has several military contract
Companies bottom line continues to improve
Legitimate uplist canidate
Background story:

In March the company completed a RM and began the process of marketing the company with the hopes of being uplisted on NASDAQ the stock fluttered after a massive buy up. Over the next 7-8 months is would continue to flounder there has been no negative news just the wrong plan the value of the company is around .39 per share based off revs and share structure they never had a chance to take it higher so the result was people averaging down and selling into the bid to make an exit after losing money. The good news is these events have opened the door at these levels to grab a real deal company that is currently trading in a channel.


Recent news:

Optex Systems Releases Fiscal 2010 Second Quarter Financial Results
May 12 2010, 4:53 PM EDT
Optex Systems Signs Commitment Letter for $2 Million Credit Facility
Feb 22 2010, 7:35 AM EST
Optex Systems Announces Fiscal 2010 First Quarter Operating Results
Feb 10 2010, 4:41 PM EST
Optex Systems Reports Record Year-End Results
Jan 11 2010, 4:00 PM EST
Optex Systems Teams With L-3 Communications Holdings Inc. on Laser Interference Filter Solicitation
Dec 22 2009, 8:00 AM EST


Misc Information from the site:
Who is Optex Systems Holdings, Inc.'s transfer agent?
Patrick R. Day, Pres
American Registrar & Transfer Co
342 East 900 South
Salt Lake City, UT 84111
[phone] Phone
[phone] Fax

Who are Optex Systems Holdings, Inc.'s Independent Auditors?
Deina H. Walsh, CPA
Partner
EFP Rotenberg LLP
Telephone: [phone]
Fax: [phone]
[e-mail]
www.rotenbergllp.com
An independent member of the BDO Seidman Alliance

Who is Optex Systems Holdings, Inc. outside legal counsel?
Jolie G. Kahn, Esq.
61 Broadway, Suite 2820
New York, NY 10006
[phone] (telephone)
[phone] (telefax)
[e-mail] (email)

Who can I contact for general information about the Company?
Danny Schoening
[e-mail]