Fortune Magazine ranks EXXA as No. 8 overall, and No. 1 in revenue growth, among America's fastest growing companies....and that does not include last month's $40 million/year DaimlerChrysler contract announcement. Here is the link for the Fortune article:
DaimlerChrysler (DCX) is now Exx Inc.'s largest customer after recently awarding two Newcor Divisions three large multi-year powertrain contracts.
Exx inc. (AMEX: EXXA or EXX/A) owns 99% of Newcor, Inc., which in turn owns several divisions employing over 1000 people worldwide in all areas of design, engineering, and manufacturing of a variety of products, principally for the automotive, heavy-duty, agricultural, industrial, and defense markets.
The combined revenue from the DCX contracts will exceed $40 million/year...or twice the current market cap of this unbelievably undervalued company. DaimlerChrysler's contracts will represent about 25 % of the total projected $160M - $180M/year EXXA revenues in 2005/2006. EXXA's market cap in contrast is only $22 million!
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