Gary Halbert · whole document (52)
zjlk personal computer
"Guardian
Technologies manufactures and distributes bullet-proof vests and other
'soft-armor' products to law enforcement agencies, private security
firms, U.S. military organizations, and foreign defense forces. They
possess three patents on body armor, and have the much sought-after
contracts for providing products to the General Services
Administration of the U.S. government, all police departments in the
Washington Metropolitan Council of Governments, the Philippine Navy,
and numerous other police departments and private firms and
individuals worldwide.
"Despite
being one of the tiniest companies on the Nasdaq, they are still
high-profile because their chairman and CEO is Oliver North, who
earned notoriety as President Reagan's aide in the 1980's and now
commands a wide audience as the host of a controversial talk radio
show aired nationally. Regardless of your opinion of North, he knows
from his 22-year stint as a U.S. Marine what it's like to be under
fire (he has two Purple Hearts), and what it takes to protect a man
from a hail of bullets.
"Recent
bursts of activity in this stock occurred when the 'Bulletproof Vest
Partnership Act of 1998' was signed into law in June (providing $75
million for state and local law enforcement to purchase much-needed
body armor), and when news of Guardian's astonishing 1998 first
quarter revenue increase of 200% was announced in late May. However,
two current late-breaking news stories are dramatically boosting the
public's awareness of the need for even private citizens to secure
protection against armed criminals: (1) The announcement of the
Justice Department to appeal to the Supreme Court today to keep the
Secret Service from testifying overheard conversations by the
President, which Justice claims will increase the risk of
assassination; and (2) Last night's broadcast of the CBS Evening News
with Dan Rather, which focused on the astonishing availability of
deadly semi-automatic machine pistols to high-risk young criminals;
who are using them with deadly frequency against ordinary citizens.
"All
this translates to increased demand for Guardian's unique product line
as more and more private individuals with something to lose are
suddenly realizing their own need for armor. The products provided by
Guardian Technologies are not outrageously expensive, and are uniquely
designed to withstand direct hits from rifles, automatic pistols, and
even sub-machine guns. The patented technology allows these ultra-thin
life-saving body armor 'shields' to be light and comfortable to wear
under normal clothes without detection.
"With
these cutting-edge government-approved products, coupled with North's
high visibility and ability to reach millions with his radio show,
GHLstockalert believes today's news and network attention to
assassination and private citizen's vulnerability is going to force
investors to pay attention to Guardian. This company's recent growth
and acquisitions (most notably of N/S Microwave last month which has
the contract to provide security monitoring for the Goodwill Games
this summer) signal a new aggressiveness of this tiny company to take
immediate advantage of media coverage."