| NEWS ALERT | ||||||
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A Few Reasons to Own SJET:
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| Update | ||||||
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Great News! A MAJOR LEAGUE VALIDATION! The Jane's International Defense Review (IDR) is to the defense industry like Forbes Magazine is to the Investment World as well as Sports Illustrated is to Sports. We may not be subscribers of IDR, but all the right Government’s and Businesses around the World are probably subscribers. In our opinion, this is a significant article for SJET because it puts SJET in front of all the right potential customers. This article along with being featured on CNBC’s Business Center is all free PR, unbiased and fair reporting. In our opinion, this free PR gives a lot of credibility to SJET because why would various types of Media waste their time on a company like SJET? We believe that given today’s War Time environment maybe there is something here for investors with SJET, other than Great PR. From our past experience companies such as SJET are going to grow by getting orders. We would have to guess that something in this order is hopefully forthcoming, and maybe soon. |
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| Press Release | ||||||
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Sonic Jet's Technical Solutions Group Profiled in the World's Foremost Defense Publication STANTON, Calif., March 27, 2003 -- Sonic Jet Performance, Inc. (OTC Bulletin Board: SJET - News) announced today that its subsidiary, Technical Solutions Group (TSG) was profiled in the March 2003 issue of Jane's International Defense Review (IDR). The article appeared in IDR's "Weapons and Equipment" section and discusses TSG's family of US-built mine-protected vehicles and the increasing demand by international customers. The piece also highlights additional developments in the vehicle technology, including the exploitation of self-cleaning NBC (Nuclear, Biological, Chemical) filtration systems currently available. The article also described two vehicles in production, the Buffalo and the Cougar, as well as vehicles in development, the Gator and the Lion. TSG President Garth Barrett remarked, “We’re excited about the write-up in what is most certainly the cream of the crop of defense periodicals. To be recognized as a solution for the eradication of land mines throughout the world by IDR is a true testament to the commitment, determination and skill of Technical Solutions Group and its employees.” The article refers to the recent delivery of 8 COUGAR mine-protected vehicles to the British Ministry of Defense. The COUGAR is a versatile, multi-purpose vehicle that can be configured to satisfy a wide variety of mission requirements. The purpose-built monocoque capsule is designed to protect both the driver and crew from both ballistic and mine / blast threats, and is mated with the latest in American commercial automotive technology to produce the most user-friendly and adaptable vehicle in its class. The COUGAR can be configured to serve as a mine protected troop transport vehicle, a weapons platform, a law enforcement special response vehicle, an EOD / Range Clearance vehicle, or a VIP Protection vehicle. The article also remarked on the order by the U.S. Army for 10 Buffalo mine-protected vehicles, the total value of which exceeded 8 million dollars. TSG's Buffalo is the world's leading mine protected and armored vehicle. The Buffalo's design results in the only mine-protected vehicle ("MPV") in its class with full 360-degree occupant protection. The vehicle withstands a triple-stacked land mine (45 lbs of TNT) on any wheel as well as a double- stacked land mine (30 lbs of TNT) anywhere under the vehicle. It provides ballistic armor to 7.62 NATO ball, upgradeable to Dragunov AP. This means the Buffalo is effective against 99.9% of the world's landmines - making it the best-protected vehicle in the world. With its capacity to clear in excess of 1,000 land mines each hour, the Buffalo is the most efficient and comprehensive mine clearing system in existence. About Jane's International Defense Review Jane's International Defense Review is a world leading publication covering land, sea, air and joint services, delivering detailed analysis of defense technology, equipment and strategy. Regular features include equipment profiles, defense science and technology, upgrades, small arms specials, strategic and security issues, current conflicts, armed forces profiles, and research and development. About Technical Solutions Group, Inc. Technical Solutions Group, Inc. (TSG) manufactures and markets military vehicles that are protected against landmines and hostile fire. These vehicles are typically used to transport personnel safely in areas infested with landmines and for the actual removal of landmines. The vehicles are manufactured in Charleston, SC, where TSG is based. Recently, Technical Solutions Group was highlighted on CNBC's Business Center. About Sonic Jet Performance, Inc. Sonic Jet Performance, Inc. manufactures and distributes vehicles that protect and save lives. The Company's boats, which carry the Sonic Jet brand, are sold to government entities such as fire departments, police departments, the Coast Guard, and the military. Sonic Jet's patented line of Fire/Rescue and Patrol boats are in service throughout the United States and in other countries. Recent deliveries have been made to the Palos Verdes (CA) Police Department, the Sheboygan (WI) Fire Department, and the former Soviet Union. Military land vehicles are sold under the Technical Solutions Group (TSG) brand. This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements may relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. SonicJet Performance, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our companies and services, and the time and expense involved in such development activities, the level of demand and market acceptance of the Company's products and any changes in the service or changes in the business strategies. |
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| Valuation | ||||||
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Think about it, why would CNBC feature SJET on Business Center? Maybe there is something here for investors. One never knows. SJET is now the only publicly traded U.S. based company to operate in the Multi-Billion Dollar Military MPV vehicle industry. Poised for profitability, SJET creates a dynamic wave of opportunity to increase shareholder value during these turbulent times, such as when they appeared on CNBC the very next day the stock almost doubled (got free exposure). In our opinion, SJET is coming to the helm as a company with significant prospects for growth in two multi-billion-dollar market niches. SJET could be poised to capture an increased share of the global defense, military, law enforcement and fire and rescue markets for MPV’s. In our opinion with the current World’s unrest from Afghanistan to Kosovo to Operation Iraqi Freedom, there is a large demand for MPV’s. The company projects revenue of $11,000,000 for fiscal year 2003, which includes the order from The U.S. Army of 10 Buffalo MPV’s for $8,000,000. SJET just this week was awarded an order from the US Army for spare parts for over $1,000,000. SJET anticipates revenues for 2004 of over $17,000,000. According to Multex, SJET should be classified as a Defense Company. Companies within this sector currently trade in the marketplace at about 1 times sales. If we add a War premium of an additional 1/2 times multiple to SJET, when applying the comparative grouping’s price to revenue multiples to SJET we can arrive at a RELATIVE VALUATION of $.36 Per Share OVER THE NEAR TERM. |
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| Conclusion | ||||||
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Landmines are a major problem for many countries overseas. Here in America, where land battles are not fought, many Americans do not have a real concern or understanding to the true effects and real potential danger of landmines to innocent civilians and soldiers. On the humanitarian side, there are many high profiled people and celebrities who have made finding landmines one of their life missions. Before her tragic death, Princess Diana traveled the world bringing attention and awareness to landmines and the need to cleanse the world of all landmines. Due to the current situation in Iraq, recent past uprising’s in Eastern Europe, and the many years of unrest in Africa there is a real need for SJET’s products. Remember SJET does not make landmines they destroy them. We feel there is a real opportunity in SJET. With The U.S. Army and The British Ministry of Defense utilizing their recently delivered SJET’S MPV’s, this exposure, in our opinion, should bring many new orders to SJET from governments around the globe. Common sense tells us that the SJET’s MPV’s should be like the Honda and sell itself, by helping many countries protect their citizens from imminent danger. Remember, there are an estimated 80 million landmines and somehow they should all be destroyed. |
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******* Important Notice and Disclaimer: Please Read *******
Investor Insights, and affiliates (II), publishes reports providing information on selected companies that II believes has investment potential. II is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. II accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment in SJET is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. An affiliate of II has been compensated five hundred thousand free trading shares of common stock of by a third party for the publication and circulation of this report. II intends to sell all or a portion of the of the SJET stock at or about the time of publication of this report. II intends to sell all or a portion of the of the SJET stock at or about the time of publication of this report. Subsequently II may buy or sell shares of SJET stock in the open market. This report contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, see the SEC filings of SJET including the company's most recent annual and quarterly reports. |
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