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Business DHBT is a holding company with three diverse divisions; DHB Armor Group, DHB Sports Group, & DHB Electronics Group. DHB Armor Group develops & manufactures bullet & projectile resistant garments, vests, blankets, & related accesso-ries. It also makes hard composite armor for person-nel, ground vehicles, & aircraft. Recent contracts include $1.3 million from the CA Highway Patrol, $1.8 million from the state of CA, $5 million from the U.S. Marine Corps, $4.7 million from the New York Police Department, & $1.15 million from the U.S. Air Force. Subsidiaries include Protective Apparel Corporation of America, Point Blank Body Armor Inc., Point Blank Internation-al, & Lanxide Armor Products. Brands include Point Blank, Body Armor Inc., P.A.C.A., & Lanxide Armor Products, Inc. DHB Sports Group makes & distributes protective athletic apparel & equipment, such as elbow, breast, hip, groin, knee, shin, & ankle supports, & wrist, elbow, groin, & knee braces. It also sells a line of magnetic therapy & orthopedic products. The company recently announced the implementation of its e-commerce web site at www.dhbcapital.com, to be spearhead-ed by the MagneSystemsTM brand of patented, bi-polar biomagnetic sports medicine products which are clinically proven to enhance pain relief, improve circulation, & accelerate & increase range of motion. The products are marketed under a variety of recog-nized trade-marked brand names such as NDL, GRID, DBS (Dr. BoneSavers), OPI, & MagneSystems. DHB Electronics Group consists of Lanxide Electronics & DHB KK (Japan). It makes & markets metal matrix composite materials (silicon carbide/aluminum composites) used as packaging & structural thermal management components for the electronics industry. The U.S. Navy recently awarded Lanxide Electronics a $2.3 million contract to develop new process technologies for the fabrication of components to remove heat from electronic power devices. Management of the heat generated by electronic power devices is a primary concern of military & industrial enterprises. Market DHBT's driving force it its strong relationship with local & federal law enforcement agencies based on the quality & viability of its body armor products. As of 2/99, it had a $16,200,000 order backlog for body armor products. The Sports Group's MagneSystem magnetic pain therapy holds significant promise for arthritis & diabetic sufferers as well as in the battle against cellulite. The Electronics Group is enjoying steady growth in the space, telecommunications, & automotive industries worldwide. Management David H. Brooks is co-chairman. He has a solid 20-year track record in the venture capital business. ... Mary Kreidell is CFO & secretary. She is a CPA with extensive experience in public & private sectors. .... Gary Nadelman is co-chair-man. He is president of Synari, Inc., a NY sportswear & apparel manufacturer (sales above $100 million over past 5 years). .... Sandra Hatfield is president of the Point Blank subsidiary. She has 25 years in all aspects of the apparel industry & is considered one of the industry's most experienced manufacturing profession-als for ballistic resistant tactical, concealable, body armor. .... Leonard Rosen is president of the PACA subsidiary. He has 40 years in the apparel industry & is a charter member of the National Institute of Justice's committee developing body armor standards. .... Thomas Holmes is president of the Lanxide Electronic Components subsidiary. He is an MS ceramic engineer with more than 20 years of marketing, manufacturing & product development experience. |
Financial Status* (03/31/99) Current Assets: $34,500,321 Revenue (Q1 ended 3/31/99): $9,446,730 Recommendation I recommend DHBT for midterm & long-term apprecia-tion. It is on the move. The profit in Q1 1999 of $31,405 compares to a loss of $485,000 for Q1 1998. Through aggressive acquisitions, it strengthened its position in three diverse business sectors. While body armor leads the pack, the sports/health & electronic components groups are gaining momentum. On 6/2/99, it received its second order from the CA Highway Patrol ($938,000, in conjunction with an exclusive two-year expandable $2 million body armor contract with the State of CA awarded 3/8/99). On 6/8/99, it announced it added over 500 outlets for its Sports Group through an exclusive agree-ment with Associated Food Stores, Inc. Here are some other things I like:
Contact Call 888-467-4635 or 516-997-1155, fax 516-997-1144, or write
11 Old Westbury Rd., Old Westbury, NY 11568. ...continued on next page, click here |
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