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Here's a "blue chip" penny stock: Questec Imaging (v.QSI). QSI is working with "the big boys" -- Teledyne and Silicon Graphics -- and yet is currently trading around 70c to $1.00.
-- Joint Venture with Teledyne (over $2 Billion/year revenues) to develop and market the Dynaview 5000, a next-generation LED screen -- the kind of huge screen you see in sports stadiums. The first prototype will be out in Dec/Jan, and first sales should be early next year. Potential revenue is, IMHO, very large. The D5000 is faster and cheaper and better, by wide margins, than the current generation of large-screen displays. Potential customers include not only sports stadiums, but shopping malls, Las Vegas, outdoor billboards, etc.
-- Collaboration with Silicon Graphics to do sports-related graphics on TV -- you know, reconstruction of how the 18th hole was played, showing ball speed, wind direction, etc. The sports currently covered include golf and baseball. They're talking with the NY Yankees. They covered the recent golf tournament in Vancouver. This odd little market niche provides increasingly high visibility to QSI as TV audiences see the QSI graphics and the QSI logo. It should also provide a few million dollars of revenue. Sales have already started, and should rapidly escalate.
They have a few other interesting sidelines, but the above are what caught my fancy.
I've personally spoken with their PR person, Michael Russo, at 516-243-1880. What really convinced me, though, was talking with the people at Teledyne. I spoke with the manager of the entire joint venture project, and also with the chief scientist. Both were very bullish and enthusiastic.
Other useful facts: 20 million shares outstanding, fully diluted, after a private placement that is currently in the works. (Right now, they have, I think, around 15M shares outstanding, pre-PP). Current share price: around $0.70. Shares traded briefly at $2.40 a few months ago, in a brief speculative burst. They're currently listed on the Vancouver, but are moving to the American Stock Exchange in the next quarter, says Russo.
As the Teledyne and Silicon Graphics ventures start generating substantial revenues, this stock should soar. So I'm accumulating at these levels, before news hits the Street. Of course, please do your
own research, or at least, call the company and ask for an investor packet.
You can trade QSI on the Vancouver exchange, symbol QSI, or on the OTC, symbol QSTIF (on the "pink sheets"). Most of the shares are held by company insiders or friends, at least, according to Michael Russo. Currently the trading in this stock is very light - a few thousand a day.
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