Microphonics Current Contract Summary
7 April 1999
Microphonics Current Contract Summary
NASHVILLE, Tenn.--April 7, 1999--The following represents contracts that are already in place with Microphonics (OTC BB:MRPS) for the year 1999 and beyond.Ford US 6553 A07 units placed at Ford dealerships throughout the U.S. When completed, the contract will have brought in excess of 1.4K to Microphonics. Ford Europe 9700 A07 units sold through SPX. When completed, the contract will have brought in excess of 2.1K to Microphonics. F&M Mafco 1000 111RCK units. When completed, the contract will have brought in excess of 1.4K to Microphonics. NASCAR Our contract with NASCAR, which is purchasing multiple 111RCK units, along with purchases by ARKA, Busch Series & Truck Series is leading to multiple purchases from numerous team & automotive dealers who want to use what the big boys use. Jud-Tech Inspections 50 units purchased to date. This ongoing contract will bring in excess of $500,000 to Microphonics over the next 12 - 18 months. General Motors Blanket P.O. This gives Microphonics approved vendor status, which allows Microphonics to call on G.M. Plants throughout North America, along with simplifying the purchasing process. We have already delivered in excess of $60,000 worth of units and have appointments with nine more plants over the next 90 days. Following training, we expect these plants to purchase multiple units.
With the margins we are able to maintain, these contracts and open purchase orders insure that 1999 will be profitable for Microphonics. We also expect to be adding to these contracts, along with signing on distributors on a regular basis and will keep our shareholders well informed.