nan usa investors daily upgraded outperform arme armor enterprises inc otc bb arme current price 0 87 90 day target 1 80 12 month target 5 00 shares 37 7 million market capitalization 27 9 million arme leader design development manufacture clean energy electrical battery power drive systems land marine vehicles company proprietary lithium ion electric battery system provides highly efficient environmentally clean power capable driving vehicle high speeds arme plans begin marketing distribution wide range electric vehicles utilizing proprietary drive technologies introduce lines electric bicycles motor scooters atv vehicles late fiscal 2004 manufacturing distribution channels already place major markets europe asia americas believe arme well positioned emerge major player explosive growth 16 2 billion electric vehicle market expected reach 177 billion 2013 1 armor enterprises continuing enhance product line new electric vehicles innovative technologies company recently acquired rights produce install newest high tech gas turbine fired generator electric vehicles modular component inclusion system enhance armor enterprises competitive advantage enabling electric vehicles safely recharge batteries board low pressure hydrogen running turbine generator effectively eliminating need recharging vehicle battery providing additional power armor enterprises working broaden planned product offering development new vehicle systems technologies notably company recently entered agreement nova communications manufacturer line innovative personal water craft joint development marine propulsion engine 2 company benefits strong experienced management team board directors advisory board extensive experiences alternative energy electric vehicle industries history successful tenures public private companies president ceo merrill moses experienced executive investment banker vp operations ms cheryl spousta schertzer extensive senior management experiences telecommunications high tech industries company also benefits active board directors advisory board involved development alternative energy electric vehicle technologies nearly twenty years 3 armor enterprises exceptionally well positioned forefront rapidly growing 16 2 billion electric vehicle industry expected reach revenues 177 billion 2013 driven improvements ev storage drive technologies increasing government incentives regulations ongoing concerns environmental economic impact reliance fossil fuels electric vehicle industry rapidly grown little curiosity multi billion dollar global business us alone ev industry growing cagr 27 expected reach industry revenues 7 billion 2005 focus lucrative mature high growth niche markets within ev industry including motor scooters 2 5 billion market europe alone highway motorcycles atv 20 billion personal water craft 1 4 billion believe armor enterprises significant competitive advantages early mover status within niche markets 4 armor enterprises received significant interest line electric vehicles major distributors currently testing phase number potential major contract wins company announced number significant negotiations major groups europe asia americas purchase distribution armor line ev products anticipate delivery prototype models testing serve validate offering leading major contract distribution agreements next six months company recently undertaken contract build deliver prototypes electric mountain bike electric arv electric go kart neighborhood electric vehicle nev used demonstration models large private company armor enterprises undertaken negotiations one largest go kart race track consortiums europe provide models electric go karts testing believe testing developments facilitate development widescale distribution sales efforts late 2004 5 company derives significant advantages established strategic relationship one asia largest two wheel vehicle manufacturers prove invaluable assistance rapidly ramping production building distribution channels developing new product lines strategic alliances joint ventures integral component company business strategy enabling armor focus efforts capital resources core competencies leveraging strategic partner expertise manufacturing distribution strategic relationship one largest two wheeled vehicle manufacturers world provide armor access affordable scalable high quality manufacturing global network distributors relationship provide major impetus company near term revenue sales growth enable company meet aggressive sales targets without capital expenditure normally associated product development manufacturing armor enterprises inc otc bb arme rapidly expanding provider land marine electric vehicles ev utilizing proprietary lithium ion battery storage drive technologies company innovative electric battery power drive system easily utilized wide range vehicles including scooters mopeds atv go karts water craft offering tremendous improvements range speed competitive electric battery products significantly improved recharge times armor also recently acquired licensing rights innovative low pressure hydrogen turbine technology enable ev safely generate battery power onboard providing additional engine power believe armor enterprises product line electric vehicles superior quality performance cost competitors distinguish company leader electric vehicle industry think arme investment opportunity missed strongly urge take advantage current pricing levels buy see huge short term profits introduction line innovative electric vehicles scheduled begin late 2004 arme poised see major revenues year revenues 50 million expected fy 2005 believe arme presents perfect opportunity invest ground floor electric vehicle boom believe arme see appreciation levels approximately 5 00 per share within next twelve months stock could reach 1 50 within next seven trading days forward looking statements based expectations estimates projections time statements made involve 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