To OTC Journal Members:

There won't be an edition this weekend. I have to do some Christmas shopping myself, and the support staff will all be gone. Many thanks for your generally positive comments and positive suggestions on the audio interview with Mike Novielli of NetWork Installation. I intend to do many more of these interviews, but time is running short before year's end. There will be a number of them in January. Before the end of the year I will publish one recap edition with my wrap up thoughts on every company I covered in 2003.

Network Installation (OTC BB: NWIS) Delivers 12th New Contract

Today, just after the market closed, NetWork Installation delivered an announcement of the 12th new contract it has received since the first of September.

The December 6th interview in the OTC Journal with Chairman Mike Novielli was quiet revealing. I am more excited about this company than ever. The company has established a corporate performance pattern of increasing sales and decreasing losses.  NWIS has now announced 12 new contracts since the beginning of September. The stock has appreciated nicely over time. Shareholders are becoming more loyal as the company continues delivering results.

As I learned in the interview, the projected growth for their market segment is far more prolific than I realized. It is currently estimated that 30 million business travelers carry laptops. However, estimates for the number of laptops that connect to the internet wirelessly is only about 2 million, leaving growth potential of 28 million existing laptop users.

By 2005 laptop usage is expected to double to 60 million users. That leaves 58 million laptops that could potentially want wireless internet access between now and 2005.

Industry experts predict the number of active wireless devices needing internet access will increase to about 20 million by 2006. Therefore, the need for wireless internet access is expected to grow 10 fold over the next three years. The demand for wireless internet access is skyrocketing.

I did a little research on my own today, and came up with the following news of recent wireless infrastructure build outs:

• The Lehigh International Airport in Pennsylvania is adding Wi-Fi internet access.
• The McNamara Airport in Detroit in adding Wi-Fi access.
• LaQuinta Inn and Suites is installing ethernet access in all its rooms and free Wi-Fi access in the common areas on 70 properties throughout the United States.
• Wi-Fi internet access is going to become available to 51,000 residents in Cerritos, California which was one of the early test cities for Ricochet's wireless broadband internet access. Ricochet subsequently went bankrupt.

There were about fifteen other new installations listed in the report I came across, many International in nature. 

The point is- wireless internet access is booming, and the infrastructure build out is in its infancy.

As you can see from the chart, NWIS has been a fairly "stress free" microcap to own since September. The stock finally had a slight pullback when it hit the $3.70 level, but no serious drop has given courageous buyers a bargain basement entry point.

I believe the chart is going to continue to look much the same for the next three to six months. The company is growing. Revenues are increasing, demand is increasing, and losses are decreasing.

I have been recommending accumulating this stock at $3.50 or less. Unfortunately, the stock has not provided a seasonal Santa pullback. 

The company announced a new contract with UCLA today after the market closed. As I stated earlier, I believe this is the 12th new contract the company has announced since the beginning of September. As you can see from the chart, the corporate performance is being reflected in price appreciation.

Coupling the right industry group with a few new and larger projects next year should put the stock at much higher levels. I believe $7 to $8 could be in the cards in 2004 if the company's current path accelerates.

Therefore, I believe investors should be willing to accumulate up to $4 at this point, as the potential return makes it worth the risk.
Here is the complete text of today's news release for your review:
 

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