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 clients' specific needs 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.
"This drug is impacting society in ways never seen before. There is almost no one you can find whose life has not been touched by the devastation of this drug. When I spoke to the head of the North Carolina Task Force, I told him I was honored to provide this and future units to his agency because it felt like it was a way to fight back," states John Mattman, Chairman of the Board of Mattman. "We're receiving inquiries daily for clandestine meth lab response units, whereas previously it was very sporadic. Not only is it a whole new product line, growing exponentially, but any time we can provide tools for the agent putting their lives on the line like this, we are proud to be part of this effort."
Each unit has a contract value of $138,510.00, and Mattman anticipates receiving numerous orders for this vehicle within the near future, as its attributes become well known in the industry.
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.