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Author Topic: KIPS
keithsan
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this is gonna blow, news out this A.M.
Posts: 9110 | From: boston, ma | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
keithsan
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news:

Korean Construction Company Signs Agreement to Use CSI Technology
Wednesday September 15, 6:00 am ET


LA JOLLA, Calif.--(BUSINESS WIRE)--Sept. 15, 2004--Composite Solutions, Inc. (CSI) (OTCBB:KIPS - News) announced that Composite Solutions, Korea (CSK) has concluded an agreement with Center Industry, a large commercial development and construction firm headquartered in Seoul. Under the terms of this agreement, CSK will supply CSI's patented Composite Shell System (CSS) for a 12-story, seven-million square foot manufacturing and steel distribution center to be constructed near Seoul. This $750M construction project is to be completed by December, 2007. Detailed specification of the number and type of CSS to be used will be determined as the design is finalized.
CSK markets CSI technology in Korea under terms of an exclusive licensing agreement signed in 2003. The CSI-CSK partnership has completed four technology demonstration projects (total CSI revenue of $1.1M) in Korea over the past 16 months. CSS is a stay-in-place form for concrete piers, columns, and girders. It nearly eliminates the need for the reinforcing steel bars (rebar) that dominate the cost for these structural components.

"This agreement represents a major milestone in our effort to develop a large business around CSI's composite materials technology," said Mr. Frank Park, CSK Chief Executive Officer, "Center Industry is an innovative company interested in using new and better construction techniques, and so is an ideal customer for CSK to accelerate market acceptance of CSI's new technology."

"CSI has placed a high priority on efforts to gain credibility in the Korean market, and we are very pleased with the progress demonstrated by this agreement," said Dr. Thomas Bache, CSI President and Chief Executive Officer. "We look forward to supporting CSK and Center Industries as we define in detail how CSS will be used in this very large project."

CSI provides innovative new technology solutions for a wide variety of civil engineering and construction applications. The core technology is integration of fiber-reinforced polymer (FRP) composite materials with traditional construction materials for dramatic improvements in structural performance.


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Spyder5000
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Keith,

Thats pretty good news!

As of June 30, 2004, 23,510,569 shares of Common Stock were outstanding.

O/S isn't that large either.


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keithsan
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uusuallly a low volumer, 20% held by insiders....

Share Statistics
Average Volume (3 month): 9,227
Average Volume (10 day): 2,000
Shares Outstanding: 23.51M
Float: 18.80M
% Held by Insiders: 20.04%

nice chart:looks like a big contract fof this company,.


http://stockcharts.com/def/servlet/SC.web?c=kips


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Namoper150
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Up almost 300% today
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HitMe101
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Holy Freakin ****,remember this one from last November went up like 6000% then.When will it stop????Should I jump on??
Posts: 2093 | From: Leaving Your House | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
HitMe101
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Up Again...

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Greedy Because I'm Broke!!

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Pezoi
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Can't pull it up on Ameritrade, you sure it's KIPS?
Posts: 83 | From: Ft. Lauderdale, Florida | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
Pezoi
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It's KIPSE now.
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Namoper150
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KIPSE now
Posts: 207 | From: NJ | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
HitMe101
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That title just isn't getting the attention...this could be a setup for another good run,especially if news pops up.What do ya think?

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Greedy Because I'm Broke!!

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HitMe101
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Who would buy 100 shares ($8.00)

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Greedy Because I'm Broke!!

Posts: 2093 | From: Leaving Your House | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
Namoper150
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The poor would.
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HitMe101
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Interesting...

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Greedy Because I'm Broke!!

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lilpennypincher
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Nice find Keith.....

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Lil,

Dont LOSE more than you can afford to invest....LOL

I'm buying low and selling into the run...

Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Doctoall
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quote:
Originally posted by HitMe101:
Who would buy 100 shares ($8.00)

The MM's who send a signal that they need shares [Smile] thats who.

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Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow

Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
Doctoall
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100 > I Need Shares
200 > I Need Shares But Do Not Take Down The PPS
300 > Take Down The PPS To Get Shares
400 > Trade Sideways For Supply & Demand
500 > Gap One Way Or The Other Up or Down

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Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow

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HitMe101
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(Thx Doc;I was thinkin it something along those lines,What do ya think next week will bring???It closed up so that is the 1st good sign. [Wink]

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Greedy Because I'm Broke!!

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HitMe101
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I'm still in this one...holding steady still,Look at those Level 2's.Shouldn't take much for this to move.Any thoughts yet?Thx.

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Greedy Because I'm Broke!!

Posts: 2093 | From: Leaving Your House | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
   

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