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USTP
Feb 16, 2006 17:19:39 GMT -5
Post by tc346 on Feb 16, 2006 17:19:39 GMT -5
From today's form 8-k
These people don't just talk about what they will do. They do it!!! lol I think it may easily go to $5 soon and then to the NASDAQ or AMEX. I encourage you to take a look at the charts for this older company that just recently went public, and also the news. I have a large chunk of my etrade funds in it. I could be totally wrong. Invest at your own risk. Good luck. TC
Item 1.01
Entry Into a Material Definitive Agreement
On February 7, 2006, UltraStrip Systems, Inc. (“UltraStrip”) entered into an exclusive five-year agreement with two subsidiaries of BAE Systems, a major U.K and U.S. defense contractor, to provide UltraStrip’s patented robotic water-jetting coating removal services to BAE shipyards in San Francisco and San Diego, California. Additionally, UltraStrip and BAE intend to work together to create further opportunities for UltraStrip’s water-jetting technology in two other BAE shipyards in the United States, as well as other domestic and foreign ship repair opportunities.
On February 10, 2006, UltraStrip sold a robotic water-jetting system to a Japanese investment company for $665,000. The system has been delivered and payment received.
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