Mattman Specialty Vehicles, Inc. Announces a $2.1 Million Contract to Build Mobile Banking Units for One of the World's Largest Banks
By BusinessWire Last Update: 2/2/2006 9:00:16 AM Data provided by
SAN MARCOS, Calif., Feb 02, 2006 (BUSINESS WIRE) -- Mattman Specialty Vehicles, Inc. (MMSV) (www.mattmanvehicles.com), a publicly traded corporation, today announced a $2.1 million contract to build 7 mobile banking units for one of the world's largest banking institutions. Mattman will design and equip each of these state of the art units to provide its client with full operational capabilities which can be deployed in regions where traditional banking services have been interrupted due to natural disasters or other dislocating events.
MMSV designs and manufactures vehicles for a broad array of clientele including federal and municipal law enforcement agencies, fire departments, medical establishments, Fortune 500 corporations, airports and others. Some of the Company's high profile clients include the Los Angeles Police Department, the New York Police Department, Sony Corporation, Black and Decker and the U.S. State Department. Mattman custom engineers modifications to production vehicles based on its client's specific need for interoperability, weapons access, protection level, and aesthetic appeal. Mattman has established an enviable reputation in the industry by providing the finest quality specialty vehicles for over a decade. Mattman's unequivocal reputation spans the globe from the U.S. to China to Egypt to Siberia and to dozens of other locations worldwide.
Mattman's mobile banking unit contract, which was executed in December 2005, represents one the largest customer orders it has received in its 22 year history. Six of the 7 mobile banking units are due to be delivered by the end of Mattman's fiscal year. Based on Mattman's projected 2006 average margins, the contract should generate approximately $500,000 of operating income and $200,000 of EBITDA.
John Mattman, Chairman of the Company, in discussing the mobile banking unit contract, stated: "This is simply another example of the unprecedented level of customer demand MMSV is experiencing from blue chip clients. It also demonstrates the increase in spending by the private sector on 'homeland security' and disaster preparedness strategies. When a global leader in the banking industry needs a fleet of vehicles in which it can entrust the very heart of its business, the fact that they come to us underscores Mattman's well-known commitment to unparalleled quality. Having recently entered the public marketplace, MMSV is even better positioned to serve both our customers and shareholders."
Mattman has experienced strong growth in recent years with a current growth rate of in excess of 40%. Sales for fiscal year 2005 totaled $9.9 million. Mattman's current backlog is in excess of $14.0 million. Mattman projects 2006 end of year sales to be approximately $14 million with gross margins in excess of 20%. Earnings before interest, taxes, depreciation and amortization ("EBITDA") for fiscal 2005 was approximately $550,000 and will nearly double in 2006.
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain Posts: 517 | From: Philadelphia PA | Registered: Oct 2005
| IP: Logged |
posted
This stock just IPO'd on Tuesday, and now MMSV just released huge news. MMSV has contracted to build vehicles for one of the world's largest banks. The contract is valued at $1.2 Million!!! This is the largest contract in their 22 years. They are going to build 7 mobile banking units. http://finance.yahoo.com/q?s=MMSV.PK
When this news starts spreading around, I have no doubt MMSV will make another huge run up!! Make sure you read the full press release.
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain Posts: 517 | From: Philadelphia PA | Registered: Oct 2005
| IP: Logged |
*It is $2.1 Million, not $1.2 as I said... Easy mistake
Sorry
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain Posts: 517 | From: Philadelphia PA | Registered: Oct 2005
| IP: Logged |
posted
Might wanna get in now on this People's. With the Market's volatility today people aren't buying much, but nobody knows about this stock yet, it is only 3 days old. As soon as people hear about it, and get news of the PR, it is gonna take off.
I got in at $1.80, and I don't plan on getting out til it is in the mid to high $3.00's. If you get in now you are probably looking at an easy 20% in a day or two.
Good Luck to everyone!
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain Posts: 517 | From: Philadelphia PA | Registered: Oct 2005
| IP: Logged |
Todays news was a Huge PR, it is the largest contract which MMSV has had in its 22yr history. Volume was down today because the market was down, the market was very volatile today and nobody was buying into anything. Add to that this is a new company, so not many people know about it, but the word will spread since the market has closed.
All signs are pointing to a Huge day on Friday. Volume is going to be up, and with the great PR today, a lot of people are going to want to buy in. Also, I am sure that people got word of MMSV's PR today after hours, so I figure we are going to show up on quite a few watch lists tomm. I also feel the market in general will be up tomm, so people will be buying. Things usually recover nicely on a Friday...
It's a new stock, so no real idea where EOD will be tomm, but I wouldn't be suprised if we close over $3.00.
Lets see what happens!
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain Posts: 517 | From: Philadelphia PA | Registered: Oct 2005
| IP: Logged |
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
| IP: Logged |
posted
OK, well things are looking good. We are on 3 different watch lists as the market opens this morning. I figured that had to happen. Some people are going to start hearing about us soon and the volume will start pouring in and the PPS will start to move. I've give it an hr or two to get going, then I expect a strong rally.
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain Posts: 517 | From: Philadelphia PA | Registered: Oct 2005
| IP: Logged |
posted
Here's one of the watch lists and what it says:
Wall Street News Alert: Aggressive Traders Alert Issued on MMSV! February 3, 2006
By M2 Last Update: 2/3/2006 9:30:31 AM Data provided by
Weston, FLA., Feb 03, 2006 (M2 PRESSWIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: Mattman Specialty Vehicles, Inc. (MMSV), Washington Mutual (WM), Bookham, Inc. (BKHM), Force Protection, Inc. (FRPT), and Armor Holdings, Inc. (AH).
The strong news and growth coming out of Mattman Specialty Vehicles, Inc. (MMSV) should make the company's stock a target of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing one of the largest contracts in its 22 year history!
News of new contract should get the attention of investors! The company, which recently began trading under the symbol MMSV, announced the $2.1 million contract to build 7 mobile banking units for one of the world's largest banking institutions. Based on Mattman's projected 2006 average margins, the contract should generate approximately $500,000 of operating income and $200,000 of EBITDA. Mattman will design and equip each of these state of the art units to provide its client with full operational capabilities which can be deployed in regions where traditional banking services have been interrupted due to natural disasters or other dislocating events.
Continue to watch this company! According to the press release, Mattman has experienced strong growth in recent years with a current growth rate of in excess of 40%. Mattman's current backlog is in excess of $14.0 million. The company projects 2006 end of year sales to be approximately $14 million with gross margins in excess of 20%. Earnings before interest, taxes, depreciation and amortization ("EBITDA") for fiscal 2005 was approximately $550,000 and will nearly double in 2006.
According to company information, this company is on a MAJOR roll. Mattman's commitment to quality is further evidenced by its 96% customer retention rate throughout its history. Mattman has experienced tremendous growth in recent years driven by Homeland Security spending domestically and military spending abroad. Sales for fiscal year end 7/31/05 totaled approximately $10 million, a 57% increase over the prior year. In addition, its existing nine-month backlog of $14 million should result in a growth rate of over 40% in the current year. The Company projects completing this fiscal year with a minimum of $14.0 million in gross revenues and EBITDA in excess of $1,000,000.
Aggressive Investors should continue to monitor the progress of Mattman Specialty Vehicles! MSV designs and manufactures vehicles for a broad array of clientele including federal and municipal law enforcement agencies, fire departments, medical establishments, Fortune 500 corporations, airports and others. Some of the Company's high profile clients include the Los Angeles Police Department, the New York Police Department, Sony Corporation, Black and Decker and the U.S. State Department. Mattman custom engineers modifications to production vehicles based on its client's specific need for interoperability, weapons access, protection level, and aesthetic appeal. Mattman has established an enviable reputation in the industry by providing the finest quality specialty vehicles for over a decade. Mattman's unequivocal reputation spans the globe from the U.S. to China to Egypt to Siberia and to dozens of other locations worldwide.
Prior to the latest press release, the stock closed yesterday at $2.55 a share.
For an in-depth profile of Mattman Specialty Vehicles, visit http://www.thenewssvc.com/MMSV020206.html In case you are not familiar with the company: Mattman Specialty Vehicles, Inc. is internationally recognized as the quality leader of commercial grade specialty vehicles, especially for security applications. Since 1990, Mattman has built over 500 units including mobile command centers, SWAT transport units, surveillance vans, bomb trucks, mobile medical treatment units and corporate promotion vehicles. Mattman's superior reputation has made it one of the largest security vehicle suppliers to law enforcement in the world.
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain Posts: 517 | From: Philadelphia PA | Registered: Oct 2005
| IP: Logged |
posted
Down to $2.55 now... I just don't get why it is goin down... Well hopefully this will change before the day is over.
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain Posts: 517 | From: Philadelphia PA | Registered: Oct 2005
| IP: Logged |
posted
Well I bought in at $1.80 and I got out on Friday at $2.65. A nice gain, but still a very undervalued stock. More and more people will hear of it, and volume will increase in the future, especially with future PR's. Then the volume will increase, and be sustained. This is a stock that is stayin gon my watch list (my buy/sell list for the week) and it will stay there.
All this stock needs is some more people to know about it, and some more volume. Its day will come, but still, it has so much potential that it will be a strong day trading stock for a while.
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain Posts: 517 | From: Philadelphia PA | Registered: Oct 2005
| IP: Logged |
posted
Mattman Expands Into Far East Establishing A Dealership In China
By BusinessWire Last Update: 2/10/2006 9:00:11 AM Data provided by
SAN MARCOS, Calif., Feb 10, 2006 (BUSINESS WIRE) -- Mattman Specialty Vehicles, Inc. (MMSV) (www.mattmanvehicles.com) today announced that it has established a sales dealership in China with Tanjin of China Wuzhao Motor Trade Co., Ltd., a Republic of China Corporation. An aggressive marketing and sales program has already been outlined starting with a large state of the art exhibit at the Asia Pacific China Police Expo put on by the Ministry of Public Security in Beijing on May 24-27. The emphasis of the show is Olympic Security and terrorism with attendees from law enforcement agencies world wide.
MMSV designs and manufactures vehicles for a broad array of clientele including federal and municipal law enforcement agencies, fire departments, medical establishments, Fortune 500 corporations, airports and others. Mattman custom engineers modifications to production vehicles based on its client's specific need for interoperability, weapons access, protection level and aesthetic appeal. Mattman has established an enviable reputation in the industry by providing the finest quality specialty vehicles for over a decade.
"To truly penetrate the Chinese market, you need a strong, experienced and respected local presence. This move puts us in this position. Recognizing the enormous potential, Tanjin has already ordered a $650,000, very large Mobile Command Center to be used as a demonstration unit, which will debut at the Police Expo," states John Mattman, Chairman of the Board. "With this global expansion and having recently entered the public marketplace, MMSV is even better positioned to serve both our customers and shareholders."
Mattman has experienced strong growth in recent years with a current growth rate of in excess of 40%. Sales for fiscal year 2005 totaled $9.9 million. Mattman's current backlog is in excess of $14.0 million. Mattman projects 2006 end-of-year sales to be approximately $14 million with gross margins remaining in excess of 20%. Earnings before interest, taxes, depreciation and amortization ("EBITDA") for fiscal 2005 was approximately $550,000 and is expected to double in 2006 to approximately $1 million.
ABOUT MATTMAN
Mattman was formed in 1983 by former Secret Service agent Jurg Mattman. The Company's primary service was dignitary and VIP protection. In 1984, Mattman was selected by the Los Angeles Olympic Organizing Committee and AT&T to provide the security for the 1984 Olympic Torch Relay. In 1986, Mattman provided nation-wide security for the event Hands Across America. Gaining recognition as experts in mega-events, the company provided risk management and security for Miller Brewing Mattman's "Biggest Party in History" and a Philip Morris sponsored nationwide tour of the Bill of Rights in 1989 and 1990-1991 respectively.
The Bill of Rights tour required a mobile command post to be used by 26 former U.S. Marine Embassy Guards. Mattman's design and production of the unit thrust the Company into the specialty vehicles business in 1990. Since that time, Mattman has exited the VIP protection business to focus exclusively on specialty vehicle production and has built over 500 units for medical and educational institutions, law enforcement and commercial markets. Mattman has achieved a reputation as a leading manufacturer of mobile units for law enforcement, medical institutions and Fortune 500 corporations. Mattman units can be found as far as Beijing, Siberia, Egypt and Venezuela. Law enforcement command and tactical units are spread throughout the country from Logan Airport to Orlando, Washington State to San Diego. Mattman's goal has always been to provide the highest quality commercial use specialty vehicles available with durability and aesthetics as its top priority. Private industry customers who have come to recognize Mattman's quality include Bank of America, Philip Morris Companies, Black and Decker, McDonalds, Hormel Foods, Nokia, Sony, Bilstein Corporation of America, EG&G Astrophysics, as well as the numerous law enforcement agencies listed in our references.
Mattman's production facility is located in San Marcos, Calif., which is in north San Diego County. A new 29,000 square foot building houses all aspects of its manufacturing process except painting.
What sets Mattman apart from the majority of manufacturers is commercial grade construction, attention to detail and documented quality control performed on a daily basis.
FORWARD LOOKING STATEMENTS
Statements about Mattman's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as the term is defined in the Private Litigation Reform Act of 1995. Mattman's actual results could differ materially from expected results. Mattman undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release, Mattman will appropriately inform the public.
SOURCE: Mattman Specialty Vehicles, Inc.
Posts: 807 | From: Upstate NY | Registered: Dec 2005
| IP: Logged |
posted
MMSV has explosive growth potential (They've already proven that their revenue growth is strong). The problem in the short term is going to be exposure. Like Killa said above, noone knows about this stock yet. Once they get going, they should rise nicely. I purchased a little the other day. I'm going to ride it out and see what happens.
Posts: 807 | From: Upstate NY | Registered: Dec 2005
| IP: Logged |
posted
Yeah, this sucker has been a rock. I sold back at 2.50 for a small loss in order to get into something else. I knew it was going to come down, I just didn't realize how far! Looks good today.
Posts: 807 | From: Upstate NY | Registered: Dec 2005
| IP: Logged |
posted
FWIW, this was pumped by L-e-b-e-d back in February. It saw a small spike in shareprice and has been on a gradual decline since.
Posts: 807 | From: Upstate NY | Registered: Dec 2005
| IP: Logged |
posted
Oh, ok...well I don't think l-e-b-e-d is on it THIS time around - so it might actually have a chance of sustained momentum. lol
Posts: 489 | From: Florida | Registered: Aug 2004
| IP: Logged |
posted
yeah..chart seems reversal is in play. am looking for an entry point here!
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
