OTCPro.com Breaking News Alert for Tuesday, Feb. 21, 2006: INSA -- Invisa, Inc. Reports Year End 2005 Information Sales and Units Sold for the Year 2022 February 2006
OTCPro News Alert for this AM, Stocks to Watchare: Invisa, Inc. (OTC BB: INSA), Sirius Satellite Radio (NASDAQ: SIRI), XMSatellite Radio (NASDAQ: XMSR), Apple Computer (NASDAQ: AAPL)
Investors need to be watching Invisa. (OTC BB: INSA) this AM!
Invisa presence-sensing solutions serve the electronic life safety andsecurity markets. Invisa's proprietary InvisaShield technology is basedupon capacitive sensing and is resistant to known methods of circumventionwithout employing infrared, laser, ultrasound or microwave radiation.InvisaShield can detect intruders who violate a sensing zone ranging frommillimeters up to 1 meter. Invisa's SmartGate® safety system generates aninvisible protective field that moves with and precedes the potentiallyhazardous leading edge of powered gates, garage doors, sliding doors andother powered closures. For information about SmartGate® products or thepatented InvisaShield® Technology, visit http://www.invisa.com or call941-355-9361. A video of SmartGate in action can be viewed at the companyWeb site.
Invisa, Inc. (OTC BB: INSA) today announced that 2005 was our largest unitsales year to date. Sales and units sold for the year 2005 increased by 21%and 34%, respectively, over 2004. Our sales from units for the year 2005totaled $239,285 on 754 units. For the year 2004, such sales totaled$197,484 on 561 units sold. We also achieved additional penetration intothe valued safety market for our products. This penetration reflects agrowing number of parking gate manufacturers promoting our SmartGate®brand safety products and integrating our products as original equipmentinto their parking gates. We also continued to implement our plans tolaunch our first security product in 2006.
Our successes in 2005 support our conviction that our InvisaShield®technology is highly unique and offers dynamic advantages to a broad rangeof potential product applications in a large number of diverse markets. Asour products penetrate the safety market, they demonstrate the commercialviability and unique features of our InvisaShield technology. We areparticularly excited about our technology's ability to provide dependableand reliable sensing in virtually any environment and, when required,around and preceding moving objects.
2005 Highlights
Invisa's progress in 2005 included advancing the goal of making our safetyproducts a necessary part of the approximately 60,000 parking gates soldannually, and the estimated one million parking gates currently in service.Some of these developments are highlighted below. Additionally, wecontinued to focus on our longer term goal of extending our success in theparking gate market into the broader powered barrier market which includescommercial and residential garage doors, slide and swing gates, automateddoors and elevator doors. Our technology position in these markets wasfurther strengthened by the addition of a second issued patent whichprotects inventions critical to our unique approach to safety.
As we entered 2005, the parking gate industry had not publicly acknowledgedthat unprotected parking gates present a significant risk to pedestrians.Nor had the industry acknowledged that additional safety equipment isnecessary when pedestrians, children, bicyclists or motorcycles arepresent. In recent months, two highly respected gate manufacturers becameour OEM customers and began integrating our SmartGate Safety System intotheir parking gates. Both of these manufacturers are considered leaders intechnology and safety and we believe that they are leading an emergingindustry-wide safety trend.
In the fourth quarter of 2005, Underwriters Laboratory (UL) completed apreliminary evaluation of our safety products and indicated support forInvisa's belief that the industry safety rules should address thesignificant risk that parking gates present to pedestrians. UL isresponsible for the technical aspects of the industry safety standard knownas UL Rule 325. While changing industry safety rules are challenging, wecontinue to focus our energies in this area as we feel that rules mandatingsafety equipment for pedestrians would have an enormous and immediateimpact on our sales. We believe the increased involvement of powered gateand door manufacturers in the evaluation, promotion and sale of Invisa'ssafety technology heralds the coming change in the safety standard.
During 2005, several domestic and international manufacturers of commercialoverhead doors evaluated our safety technology for potential integrationinto their door systems. As we enter 2006, we are committed to extendingthe reach of our safety products beyond parking gates into other poweredclosure markets.
Preparation for introduction of Invisa's museum security product continuedthroughout 2005. Invisa's development partners have provided performanceand market input as they evaluate advanced prototypes of our securityproduct. We plan to introduce our security product to the museum market inthe second half of 2006. Additionally, we are committed to extending thereach of our planned security products beyond the museum market into thegeneral security market.
We experienced some major management changes including the departure of ourCEO in April 2005. While change is generally challenging at the time, it isalso frequently necessary to support sustainable growth and development. Webelieve that our Company has never been better positioned to continue themomentum generated by the exciting developments our current management teamachieved in the second half of 2005.
During 2005, we completed a one million dollar financing provided by anexisting institutional financial partner and we finished the year with astrong cash position and virtually no debt or past due payables.
Stocks in the news and acting well as of late include Sirius SatelliteRadio, XM Satellite Radio and Apple Computer.
Sirius Satellite Radio (NASDAQ: SIRI) posted a fourth-quarter loss of 23cents per share, two cents wider than the 21-cent loss expected byanalysts, while revenue tripled to $80 million from $25.2 million, beatingthe consensus of $76.1 million. Slightly higher-than-expectedsubscriber-acquisition costs contributed to the negative variance,including a surge in promotional costs leading up to the launch of a newshow by radio-host Howard Stern. On the bright side, the company added 1.1million subscribers in the quarter and expects its total subscriber numbersto double in the coming year, to $6 million. Standard & Poor's EquityResearch reiterated a "strong buy" opinion on Sirius, seeing momentum inretail and automotive channels. Shares were last seen trading down 6% onFriday.
XM Satellite Radio (NASDAQ: XMSR) also announced a wider-than-expectedquarterly loss of $1.15 per share on revenue of $177 million, versusanalyst expectations of a 92-cent loss per share on revenue of $174million. In addition, the company announced the resignation of directorPierce Roberts Jr., who had warned XM's board that the company would face acash crunch if it does not cut spending. Caris and Company research analystSusan Kalla downgraded XM to "average" from "above average," expecting therise in spending that causes the earnings miss to continue over the shortterm. "Even if XM management reins in spending, revenue growth is likely tostall," wrote Kalla in note to investors. XM shares were nearly 10% loweron Friday afternoon.
Apple Computer (NASDAQ: AAPL) shares rallied as a new product and ashipping announcement alleviated Intel-transition concerns. The companyreleased Mac OSX Tiger version 10.4.5, an updated version of its operatingsystem software for both Intel and PowerPC Macs, allaying fears that thewell-publicized video glitch it had with its FrontRow software on anIntel-based Mac would require a recall. Apple also announced that itsMacBook Pro is shipping, despite speculation that it may be delayed untilApril, and with faster-than-expected Intel processors. American TechnologyResearch analyst Shaw Wu maintained a "buy" rating on Apple, expecting thecompany to continue to grow above market rates over the next one to twoyears. "For longer-term fundamental investors, we would take advantage ofthe pull-back to build and/or add to Apple positions," wrote the analyst ina recent report.
About OTCPro.com
OTCPro.com is a leading investor relations firm whose primary focus ispromoting awareness among brokers, investors, and others in the investmentcommunity who are interested in small and micro-cap companies. OTCPros isdedicated to helping publicly traded companies gain the exposure they needto move forward with the development of their business plans. OTCPro's goalis to feature equity investments in micro or small capitalization companiesthat have the potential for long-term appreciation. OTCPro providesinvestors with a complete suite of online interactive financial data andtools that includes quotes, charts, company profiles, news, marketcommentary and SEC filings, just to name a few. OTCPros offers a freefinancial newsletter. To subscribe or get more information, visit our homepage located at www.OTCPro.com.
OTCP, because it relies on information supplied by various third partiesdisclaims any responsibility for the accuracy of such information. Anyinvestor considering making an investment in any security which has beenthe subject of an OTCP analysis or opinion should, before making any suchinvestment, consult with his/her market professional and/or do his/her ownindependent research regarding the company which is the subject of an OTCPopinion, recommendation or analysis. Information regarding companies whichOTCP has opined upon is normally available from many sources including thesubject company's filings with the SEC and various press releases issued bythe company.
You should be aware that OTCP is often compensated for issuing analyses,recommendations or opinions concerning particular companies. Its opinion istherefore not unbiased and you should consider this factor when evaluatingOTCP's statements regarding a company. An affiliate of OTCP has beenrehired by Invisa Inc. and compensated fifty thousand dollars and fivehundred thousand warrants exercisable at. $40 cents for six month coverageand was previously hired by GM Capital. OTCP and affiliates have no otherrelationship to companies. This should be construed as a potential conflictof interest. OTCP's officers and directors reserve the right to buyadditional shares of the company discussed in this opinion and may profitin the event those shares rise in value. When OTCP receives free tradingshares as compensation for a profiled company, OTCP may sell part or all ofany such shares during the period in which OTCP is performing suchservices.
CONTACT:www.OTCPro.comEmail Contact561-909-0139
SOURCE: OTCPro.com
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
Related Computer Hardware Articles
|
