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NetWork Installation
(OTC BB: NWIS)- Business Keeps Rolling In |
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NetWork Installation has momentum.
The company continues delivering new business on a regular basis. The story
here is growth, growth, growth. The next tidal wave of wireless communication
infrastructure is building now, and will take at least four years to hit
the beach.
The old gold mining metaphor applies
to NWIS. Who got rich in the 1880's gold rush in California? Was
it the gold miners? Certainly a few got rich. But it was the manufacturers
and retailers who built and sold the picks and shovels that all got rich.
In fact, during the Gold Rush a revolutionary new clothing item was designed
which is in everyone's wardrobe today.
During the 1800's California gold
rush, a bright young tailor figured out that if you took some heavy duty
fabric and riveted the seams together to reinforce the stitching, you would
have pants that would last much longer when performing the heavy duty labor
required for mining. The inventor chose denim fabric. His name was Levi
Strauss, and he invented denim blue jeans. We all wear them to this
day.
My 20 year old daughter wants $200
designer jeans. I don't think they have the rivets Levi Strauss put in
his jeans. I'll never know, because she isn't getting them. My wife would
never allow it.
NetWork Installation is building
the picks and shovels and blue jean manufacturing facility for today's
proverbial gold rush.
Five years ago stock market investors
made fortunes in companies involved in the massive telco infrastructure
build out. The next major wave is starting, and it will gain momentum for
several years. More on this comparison in future editions.
Our voice communications have already
gone wireless, and our network communications are now going wireless. Before
too long the cumbersome cabling will be gone. Nearly all devices will be
communicating with their networks wirelessly. You're looking at an picture
of the Motorola Canopy, today's wireless version of the gold miner's
blue jeans.
On Friday, just after the market
closed, NetWork Installation announced another new contract (I believe
this is #11 since August) to build out a wireless infrastructure. This
time, it's the city of Barstow, California; well known to anyone who has
made the 4 hour drive from Southern California to Las Vegas on Route 15.
According to the press release, the
City
of Barstow has selected NetWork Installation to implement the
revolutionary new Motorola Canopy solution, which beams a broadband
signal up to 5 miles on line of sight. The network will be used by the
Barstow
City Police headquarters to connect a new patrol facility. The wireless
network will provide a secure voice and data connection between the two
facilities.
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The
Uptrend Remains Intact |
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This stock has proven easy to own.
It's fairly stress free, because it doesn't want to retreat from its $3.25
to $3.40 trading range. If you're looking for a pullback to enter
or add to your position, I don't believe the stock is going to cooperate.
This stock retreated from a rocket
like charge in August which took us from $.80 to $6.00. Since finding a
bottom, the stock has maintained the solid uptrend you see in the chart.
Since I last reported on this company,
they announced another new contract with San Bernadino Valley College
in Southern California. On Friday, just after the close, they announced
a wireless build out for the City of Barstow.
I feel like this is one of those
stocks investors are quietly accumulating for a major breakout at some
point in the future. I'm not sure what the catalyst will be. The company
could easily grow four fold in 2004. There is so much new activity starting
in wireless infrastructure build outs that the big break will come sooner
or later.
Keep accumulating at $3.50
or less for a big breakout sometime in the next few months.
Here is the complete text of Friday's
press release for your review:
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Network Installation
Awarded Wireless Contract From City Of Barstow, CA
Nov 14, 2003 4:46:59
PM
IRVINE, Calif., Nov 14,
2003 (PRIMEZONE via COMTEX) --
Network Installation
Corp. (OTCBB:NWIS) announced today that it has been awarded a wireless
IT solutions contract by the city of Barstow, CA. The contract entails
Network Installation's design and implementation of a wireless network
utilizing Motorola's flagship wireless solution 'The Canopy,'thereby providing
connectivity of the Barstow City Police headquarters with a new patrol
facility. The wireless network will provide a secure voice and data connection
between the two facilities.
Network Installation
CEO Michael Cummings commented, 'We are beginning to see increased
demand for wireless IT solutions from municipalities. The need
for wireless connectivity intra-agency as well as inter-agency has become
critical in how data is transmitted in real time.'He added, 'Network Installation's
current installed base of clients in this market has enabled us to gain
an understanding of their functionality and needs and has consequently
allowed us to effectively target this growth segment.'
The San Mateo, CA, Police
Department (SMPD) recently announced that it had successfully deployed
the first metro-scale, Wi-Fi mesh network for law enforcement. The SMPD
created a cellular Wi-Fi hot zone in downtown San Mateo and for the first
time, is making available critical applications to police officers in the
field. It extends to patrol cars'access to multiple, secure police databases
that were previously restricted to use in the police station. It also allows
officers to send reports from their cars to the station, eliminating the
need to leave their assigned beats.
Broadband Wireless Exchange
Magazine, a leading online publisher of broadband wireless information,
recently reported the announcement by the City of Baytown, TX of its build
out of a wireless network to provide inter-connectivity to 12 city facilities.
About Network Installation
Network Installation
Corp. is a total IT solutions provider which designs, project manages and
implements the infrastructure for the transmission of data, voice and video
through traditional networks as well as wireless networks and Wi-Fi solutions.
Some of Network's clients include; Wells Fargo, University of Southern
California, UCLA, Los Angeles County and Orange County. To find out more
about Network Installation Corp. (OTCBB:NWIS), visit our website at www.networkinstallationcorp.com.
The Company's public financial information and filings can be viewed at
www.sec.gov.
About Motorola's Canopy
technology
The Canopy technology
portfolio includes an independent community-sized access point with integrated
antennas. Each access point has about a two-mile reach, although the range
can be extended up to 10 miles with the Canopy reflector kit. The Canopy
components are small, unobtrusive, easy to install and can serve a wide-range
of network purposes. The Canopy solution can be deployed as a stand-alone
system, or it can be used to extend the reach of wired Internet protocol
(IP) distribution systems such as cable and DSL. It also can serve as a
redundant IP backhaul for enterprises and service providers further reducing
investment costs. For more information on The Canopy technology and systems
visit www.motorola.com/canopy.
Forward-Looking Statements
This release contains
forward-looking statements, including, without limitation, statements concerning
our business and possible or assumed future results of operations. Our
actual results could differ materially from those anticipated in the forward-looking
statements for many reasons including: our ability to continue as a going
concern, adverse economic changes affecting markets we serve; competition
in our markets and industry segments; our timing and the profitability
of entering new markets; greater than expected costs, customer acceptance
of wireless networks or difficulties related to our integration of the
businesses we may acquire; and other risks and uncertainties as may be
detailed from time to time in our public announcements and SEC filings.
Although we believe the expectations reflected in the forward-looking statements
are reasonable, they relate only to events as of the date on which the
statements are made, and our future results, levels of activity, performance
or achievements may not meet these expectations. We do not intend to update
any of the forward-looking statements after the date of this document to
conform these statements to actual results or to changes in our expectations,
except as required by law.
SOURCE: Network Installation
Corporation
Network Installation
Corp. Michael Novielli, Chairman (203) 791-3838 mnovielli@networkinstallationcorp.com
C.C.R.I. Malcolm McGuire (800) 828-0406
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