29 Jul 2005 - PowerLinx CEO Tomlinson Interviewed by Wall Street Reporter
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 29, 2005--PowerLinx, Inc. (OTCBB:PWLX - News) today announced that CEO Mike Tomlinson was interviewed by Sunit Kumar of the Wall Street Reporter. The interview can be heard online at http://www.wallstreetreporter.com.
In the interview, Mr. Tomlinson described PowerLinx power line technology. Power Linx technology sends video and audio over existing electrical wiring. PowerLinx has chosen to focus the commercialization of the technology on the home, small office and vehicular markets. All of these are very large, fast growing markets. Bloor Research forecasts that the security market will continue on a 20% growth rate, attaining $155B in 2006. Another potential market for PowerLinx technology is the Department of Homeland Security. PowerLinx is seeking a licensing partner to sell products using its technology through integrators/installers to this market. The Homeland Security Budget for State and Local governments for 2005 is $1.8B according to USA Today. PowerLinx markets HindSight(TM) Power Line Rear Vision Video Systems to the Recreational Vehicle and Truck markets. A total of 370,000 RVs were manufactured in 2004 and the Recreation Vehicle Industry Association estimates this industry will continue to grow at 17% per year. In our other vehicle market, trucks, the DOT says there are 7.9 million large trucks on the road and 364,000 tractor-trailer trucks manufactured each year.
Tomlinson stated that the distribution contract recently signed with Tri Star should help PowerLinx realize the potential of its HindSight(TM) Video Rear Vision System in this market. Tri Star is among the top 3 distributors to Recreational Vehicle Manufacturers. Tri Star is aggressively seeking to get HindSight(TM) specified for recreational vehicles in the 2006 model year and beyond. HindSight(TM) enables the driver to see what is in the blind spot behind the vehicle, avoiding accidents.
Recent events have positively impacted the markets for PowerLinx products. Since the unfortunate events of 9/11 the demand for video surveillance products has increased rapidly. An ever expanding market wants the security afforded by video surveillance. In the vehicle market the advantages of rear vision video have become widely recognized, to the point where luxury car manufacturers are even running television advertisements pointing out the advantages and offering it on their vehicles. The need for rear vision in recreational vehicles and trucks is exponentially greater, because of the inability of the driver to see out a rear window. This plays directly to HindSight(TM) Power Line Rear Vision Systems.
Tomlinson pointed out that, since he became President and CEO in May, the company has refocused its resources on the core business of power line technology. It has closed three unprofitable business units that were not in this core. This has allowed the company to focus more resources on the core while reducing expenses about 30%.
When asked how he would categorize the next two to three years for PowerLinx, Mr. Tomlinson stated that during the last two years the company has been engaged in development of power line technology and products. This has resulted in technologies and products that are nearing completion and will be ready for commercialization over the coming months. This should move PowerLinx into a phase of rapidly increasing revenue which will result in the company becoming cash flow positive and profitable.
In closing Mr. Kumar asked for the most compelling reasons why an investor should consider PowerLinx. Mr. Tomlinson replied that PowerLinx has large fast growing potential markets with high end-user demand for its easy to use break through technology. PowerLinx has existing products in the market that are increasing revenue. The seasoned management team has a successful track record and is backed by an exceptionally talented, decisive Board of Directors who have demonstrated the will to exercise good corporate governance on behalf of the stock holders.
In-depth interviews from The Wall Street Reporter deliver a first hand perspective that enables investors to make intelligent and informed investment decisions. On the wallstreetreporter.com site, the interview can be retrieved by scrolling down the left column of companies to the OTCBB section, and looking for Powerlinx, Inc.
About Wall Street Reporter:
When the first issue of Wall Street Reporter appeared in 1843, it was the only newspaper exclusively devoted to the financial business. Nearly 150 years after that, we took an equally bold step into the network age by becoming the first website to regularly interview CEOs and other high-ranking corporate officials. The Wall Street Reporter is published in three formats: print monthly magazine, online at www.wallstreetreporter.com, and an institutional weekly magazine delivered via the web. More than 80,000 portfolio managers, analysts, venture capitalists, and other decision makers (not to mention 3,500 financial editors, reporters, and TV producers) read their publications.
About PowerLinx, Inc.:
PowerLinx, Inc., http://www.power-linx.com, develops, manufactures, and markets products and applications that transmit voice, video, audio and data either individually or in any and all combinations over power lines, twisted-pair wires and coax in AC and DC power environments, on any and all power grids. The Company has also developed, manufactured, and marketed different kinds of underwater video cameras, lights and accessories for the marine, commercial and consumer retail markets.