TSXV:MRS.H - Post by User
Comment by
Steve888on Jul 08, 2016 8:01pm
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Post# 25037334
RE:Strong fundamentals and great potentials
RE:Strong fundamentals and great potentialsAgree. Any news could spike the share price. This is why the bids is surging up. Something will likely happen soon.
SuperMoney wrote:
At the end of March, 2016, MRS has cash/cash equivalent $1.54 million and total assets $4.65 million. The following outlook from MRS shows great potentials: The Companys focus is on profitable growth as we execute our strategy of expanding services to the US Department of Defence, US law enforcement agencies and other protective services agencies within the US and other countries. The Company has several wearable protective products, developed by our Research and Development Division, which are at different stages of development. Those products being finalized for commercialization are: 1) Ballistic Combat Shirt 2) Tactical Police Shirt (Flex9Armor) 3) No-Contact Modular Riot Shield Cover 4) Other products incorporating the No-Contact technology The Company is in discussion with several distribution partners and potential customers with the objective of bringing these products to market in 2016. To further strengthen its commercialization efforts, the Company is in the process of setting up a manufacturing facility, (PTF Manufacturing Inc.), based in Campbell County, Tennessee. This facility will manufacture our own products and are also in negotiations with selected clients to manufacture their products. The Companys Fayetteville, NC and Barstow, CA locations have become certified by Underwriters Laboratory (UL) as an Independent Service Provider approved for the inspection, cleaning, and repair for protective ensembles for structural and proximity fire-fighting. UL has verified that the Company has the ability to inspect, restore and repair textiles and protective clothing to their original integrity. We offering these certified services to both to the US military and to municipal firefighters and emergency first responders and we have proposals pending to provide those services to a number of potential new customers and increase its services to existing ones. Cheers.