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Dear Investors
Since the October 2001 lows, the market has bounced,dipped
and bounced again to new highs (a bullish signal) so it looks
like we may be beginning the healing process. The general
health of the economy is showing signs of recovery. The unemployment
rate is down, and visibility ofmany companies is on the horizon.
What does this mean to investors?
It means that NOW is the time to position your portfoliowith
undervalued, undiscovered companies and CAPITALIZE on
the emerging new “Bull” market. As such ……
INTERNET VIP, Inc. (IVIP) DBA NEWTECH BRAKE CORP, has
entered into a re-organization and re-orientation of the Company.
These changes are being made pursuant to an Asset Acquisition
and Change of Control Agreement dated as of April 11, 2002 between
IVIP and NewTech Group International, Inc., of Blainville, Quebec.
In essence, the agreement calls for the spin-off of the former
IVIP telecom business into a new corporation, and the simultaneous
acquisition of the rights to exploit the patents for a revolutionary
heavy vehicle braking system developed by NewTech Group. In addition,
IVIP has turned over control of the Company to senior management
of NewTech Group to administer and profit from the newly acquired
assets. The new business of the Company is to identify, develop
and exploit, under licenses bought from NewTech Group,opportunities
to provide a new full contact disc brakes and related components
to the North American and European heavy vehicle market. These
new brakes are called NT brakes.
The motor vehicle industry has been in existence since
the 19th century and can be classified as a mature and performance/cost
driven. Brakes are complex, high-precision components and part
of the most critical components of motor vehicles. Nevertheless,
there has been no significant innovation in the brake industry
for over fifty years, and the caliper concept disc brake has
reached its optimal development potential. As a result, the brake
industry is very competitive, with a small number of suppliers
depending on economies of scale and intra-industry consolidation
for growth.
Although disc brakes have gradually replaced drum brakes in
automobiles and light trucks in North America, they have not
proven significantly superior and economical to use on trucks,trailers
and buses. Drum brakes, a technology that dates back to the
First World War, are still installed onapproximately 97% of heavy
vehicles, i.e., classes 7 and 8, in operation in North America.
A significant fact, and key to NewTech Brake’s marketing
strategy, is that the customer selects the brakes to be installed
even when purchasing his new bus or truck.
Competitive factors are: durability and reliability, price,
ease of installation, low maintenance requirements and light
weight combined with high strength |
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SYMBOL |
IVIP |
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52 Week High |
$0.4 |
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52 Week Low |
$0.006 |
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Current Price |
$0.05 x $0.06 |
The patented NewTech full contact disc brake is a bold
departure from conventional braking technology. It combines disc
brake braking efficiency, lighter weight with large contact friction
area comparable to drum brake. The NewTech brake can stop a truck,
loaded to its maximum gross weight, from 60 MPH in less than
200 feet.
After nearly ten years of virtual and computer design, the
expenditure of over US $30 million of research and development
work, and more than two years of extensive testing, the current
design of the foundation full-contact brake is now ready for
industrialization and commercialization.
The Company plans to address three markets:
1. Retrofitting existing brakes on heavy vehicles in North America.
2. New vehicle market (OEM) in North America and Europe.
3. Replacement brakes.
The North American and European OEM plus brake maintenance
markets are currently estimated at US$7.1 and US $5.8 billion
per year respectively . They plan to capture 7.5% of this
marketby year 2007, resulting in US$900 million annual revenue.
Highly innovative, patented product line, be part of acompany
that will set new standards (cost effectiveness, safety,efficiency
and durability) for its industry
The marketplace is already there and its size is a huge
opportunity to get into the ground floor of a Company whose revenues
are about to explode. Operates on very high profit margins
with solid, early positive gross margin and profit projections
backed by solid, established R & D facility, recognized by
industry specialists for developing the “full-contact disc
brake”. Pilot projects under way with major recognized truck
and bus manufacturers, low continued capital investment due to
availability of multiple potential manufacturing and distribution
options. Probability of “partnerships” with leading
axle and/or vehicle parts component manufacturers and/or Original
Equipment manufacturers, further broadening the market potential·
Potential take over target as exposure and market penetration
increases.
IVIP currently is going over a major re-organizational
project with market potential of sales of USD 900 million annualy
in revenues. |