I have just brought a few of these due the recent news on distribution agreements especially the one with China as it states that it will purchase $10 million of products over 2 years, this equates to a doubling of turnover for the period and yet the price has yet to show this. Last results state that it had broken even in the last 6 months.

Any other thoughts welcome

This was at the bottom of the placing announcment

Gidon Tahan, Chairman and CEO of SerVision commented: "We are pleased to have
raised these placing funds in such a difficult market. A number of our projects
are now approaching the firm order stage. In particular, we anticipate that in
the course of the next few months we will be able to announce an order in the
region of $500,000 which we are in advanced negotiations on and which will
benefit both the current financial year and the financial year commencing 01
January 2010"



And from the final results released in June

Operating Review
In the period we have widened our distribution network and territorial reach by
signing new distribution agreements. We have recently announced major
distribution contracts in China and India and we hope to announce further
agreements in the coming months. This expansion of our customer base and the
growth in sales to existing customers has translated into a pleasing growth in
revenue.


Research and Development
The Company's research and development team has finished developing an eight
channel mobile system which will enable vehicle operators to use a more
efficient cost effective solution in larger vehicles doubling the number of
channels in each system installed. If internal timetables are met, and market
demand looks promising, this new technology could be commericialised in the
fourth quarter of the current financial year.


In addition, the Company is about to release to the market its new light weight
(75 grams) one channel system that can be deployed on individuals such as
policemen and soldiers. This product has the potential to reach customers who
would not previously have had a need for SerVision's products. The widening of
our target market we hope will contribute to the Company's future growth.
Distribution of this new product is expected for both the military and civil
markets through cooperation with cellular providers and could occur as early as
the fourth quarter of the current financial year.

So plenty going on within the company that should soon start to raise its profile.

Nice little article

http://www.axis.com/za/press/news/digital_eyes_beef_up_home_security.pdf

Well only a month to go until results I am expecting to see a small profit and also an insight into turnover/profit going forward. Would be great to get news on some of the contract that they have been tendering for recently.

Looks as if the large trades of late have come to an end and we may well get some holding news next week to confirm who has been buying.

2 weeks left till results. Expecting a maiden profit and news of a contract win within the next month or so. turnover to double next half year on their latest couple of distribution agreements, cant stay at these levels for much longer.

I'm in as of yesterday...

Come across with this chart, that looks like forming a BOWL