Thresher Industries, Inc. (THRR.PK) Positions Itself for Rapid Revenue Growth
Source: http://Blog.QualityStocks.net/?p=15297Posted on Wednesday, May 13th, 2009 | In Market Commentary, Small & Micro Cap
Thresher Industries, Inc. was pleased to announce today that it is actively pursuing numerous bids that could result in millions of dollars in revenues over the next several years. Through its global sales representative Advanced Technology Sales Associates, Thresher Industries has been negotiating with a variety of companies to provide alloy castings across several vertical markets for Thresher’s high pressure casting group.
The company’s quotes for manufactured automotive parts as well as research and development could generate between $150,000 and $300,000 in revenues for 2009 and $500,000 to $750,000 in 2010. Once full production begins to fill orders generated from these bids, revenues could increase between $3.5 million and $8.5 million in 2011 and continue to grow to approximately $14 million in 2012.
According to the press release, Thresher Industries also placed several bids to a lighting company to supply parts for heat sinks and other related parts. The orders resulting from these bids could generate additional revenues between $125,000 and $450,000 in 2009 and $450,000 to $2.4 million in 2010 for each part.
“We have submitted quotes to several companies and are actively negotiating to close them in the near future. Once closed, these new projects could bring in a significant amount of revenue for Thresher Industries over the next several years,” commented Tom Flessner, CEO of Thresher Industries, Inc.
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