"POWER-FINS Executive Summary Overview" short form:
COMPANY: "SUPERIOR
HULLS INC." was incorporated on April 15 1996 for taking
over the research and development results from my original R&D
company "Orchard Bay Holdings Ltd." which was set to
develop the discovery I had had made, and to innovate the product
line which capitalizes on the technologic exploitation of the
phenomenon I have discovered. * I am the sole proprietor of this commercial project, which is
also free from any debts or claims.
MANAGEMENT OBJECTIVES:
"SUPERIOR HULLS INC." intends to market the "SURFINS"
products' line directly to manufacturers as well as suppliers
of marine vessels of all kinds and sizes, at selected important
trade shows; and by direct executive marketing, of volume sales.
Short term objective, is focused on public awareness of
this breakthrough technology, via news, racing, advertising and
trade shows, plus selected business activities in the industry.
The long term objective, is the expansion of our "SURFINS"
products lines and computerizing our offered engineering services,
and full International Marketing of "SURFINS" technology;
plus strategically continuing to unveil our exclusive advanced
technology for controlled water dissection by our "Continuous
Lift Hull" Design.
MARKET: The
Marine Transportation Industry, is truly vast, with virtually
billions of crafts which can use this merging revolutionary technology.
There are National Defence Navies, Coast Guards, Police, Fishing
and Merchant marine fleets, as well as the Recreational marine
markets; all of which we aim to serve.
-There is no competition to this new product line. One widely
used product as standard equipment to help performance on power
boats, known as "Trim Tabs", was found dramatically
less effective next to "SURFINS" on our test boat.
-One major "Trim Tabs" company, enjoys more then ten
million dollars market share each year, by supplying its products
to manufacturers. "Trim tabs" technology is inferior
to "SURFINS" technology. "SURFINS" technology
is, creating a new and yet much bigger market!!!
PRODUCT:
The "SURFINS" are specialized fins installed on any
marine hull to eliminate or reduce the existing resistance forces
hindering moving crafts on water. "SURFINS" are mechanically
automated appendages, which create a new beneficial Trochoidal
wave along the under-surface of the hull of a craft, thereby creating
beneficial continuous water lubrication which regains much of
the energy loss before the installation of SURFINS, and granting
improved speed, economic use, more comfortable ride and long term
durability to the craft and its structure. It also increases the
resale value of the craft.
-There are ten identified commercial benefits which users of the
"SURFINS" gain by installing these hydrofoil-fins on
their boats, vessels or ships.
SERVICE:
The company will create and supply new product, and extend specialized
Technologic Services of computerized Engineering Consultation,
for applications on vessels and ships, or similar groups of crafts,
and will issue installation manuals for Manufacturers and custom
installations.
-Production strategy, is to purchase primary product from selected
manufacturers of continuous hinge, inputting our secondary processing
in a moderate facility also used for storing ample supply of "SURFINS"
for sale, thereby obtaining high quality product with minimum
staffing and investment in product manufacturing.
MARKETING:
Our Business Strategy Plan is to first complete or re-apply for
USA patent protection under the "Powerfins™" and
marketing the product line first in USA.
-Creating a "Show Boat" as a new research and sales
tool for "hands on" demonstration of SURFINS technology
to targeted major clients who manufacture and fabricate new Boats,
Yachts and Ships.
-Documenting further test results of the "Showboat",
on video and by print for publication; for supplying more exciting
printed and visual proof, to be used as selling tools for our
Executive Sale initiative to selected major vendors within the
industry; and for our planned appearances in Trade Shows, and
for news on TV plus planned future paid advertising.
-Compiling complimentary professional evaluations from credible
Marine Architects on this invention, and underwriting scientific
research tests by utilizing Tow-Tank facilities.
-Developing Computerized Engineering Consultation service for
our specialized technology.
-Seeking commercial agreements for supplying our exclusive product
line, and/or licensing agreements and/or supplying consulting
services to major vendors in the North American marine industry,
as our initial client-base rather then addressing the consumer
market for direct sales and installations.
-Entering our display marketing tools, in San-Diego, Miami, Chicago
& other important USA Trade Shows.
-Bringing the news to the boating public, and advertising our
product to the industry, on TV & Trade magazines.
"NEW WEALTH
POOL" The initial sought market is between $500,000ºº
and $2,500,000ºº while the minimum set goal of $250,000ºº
of completed sales can establish our sufficient starting market
share.
-The potentially available retail market in the first five year
term, is $5,000,000ºº, and approximately $25,000,000ºº
within the first decade.
-There is a good reason to project an expectation of 100% of the
market share from the beginning, and a very high market share
for many years thereafter.
-Marketing Strategy, is to accelerate the ongoing Exclusive Executive
Sale Initiative towards Boats and Yachts manufacturing corporations
and their subsidiaries. With our "SURFINS" on some of
its crafts, manufacturers can offer more desirable boats and yachts
and can increase their market share ten times the invested cost
in purchasing our products, we can also offer exclusive licensing
advantage for few years.
INVESTMENT OPPORTUNITY:
"SUPERIOR HULLS INC." is seeking between US$500,000-$1,500,000 USD working capital to enter the industry
and market its new advantageous product line, and may need further
capital to secure its new corporate market share, after obtaining
a successful stronghold presence within the industry.
-New cash investment from investors, industry insiders, major
marine manufacturers and vendors, and world class boats' racing
teams; all such investors can potentially be added assets to this
venture's success.
* LOAN REQUIRED: The optional business plan
is to obtain a loan which will grant the company time and initial
working capital, to obtain new cash revenues from achieving expected
sales.
-This option calls for a loan of just over One Million USA Dollars,
for Fifteen (15) years Term with Option to repay all or some of
the principal after the first Five (5) Years, calculated at simple
interest rate of Three (3%) percent per annum on the monthly outstanding
balance after each of three consecutive draws, repayable by monthly
installments into the lender's designated USA account. Where the
first draw is upon completion of this application for this loan,
and the second draw is two years thereafter, and the third draw
is on commencement of the forth year after the first draw.
PROJECTED INCOME:
Initial sought market is $500,000ºº to $2,500,000ºº,
while we must reach the minimum goal of $250,000ºº in
revenues from completed sales in order to continue to serve this
loan, a goal projected to be obtained by the end of our third
(3) year of sales of our new goods and services.
-Taxation position is excellent. We can start with this burdening
loan and/or our tax-pool entitlement for our already accrued Development
Costs of the new technology, and this yet, with the freedom to
choose any tax free port off-shore. Plus, new monies we shall
be earning can be offset, and is affordable against our further
planned business development initiative.
-If we grow too fast we have the next product development phase
in place to lower our taxation position.
-We expect moderate growth sales during first three years, and
market acceptance of "SURFINS" products between the
forth and seventh year, starting our threshold growth momentum
by then.
-I hope and expect to be able to earn more than sufficient income
to be able to maintain our commitment to the lender by the end
of the first five years of business activities within the market
place.
-There is no reason we shall not be able to obtain the minimum
goal of $250,000ºº, which we must earn by the end of
the first five years. My projections indicate "SUPERIOR HULLS
INC." shall be able to earn more then USA$350,000ºº
during the next five years, and may even sell $1,500,000ºº
worth of product or much more?!
Sincerely,
Mr. Amnon (Ami) M. Cohen
President "Superior Hulls Inc."
