Ann: Repkon and Titomic Enter Joint Venture Agreement, page-9

A good announcement and the turnaround story, IMO, is playing out - just not real happy about the plant being in Turkey - not really the most stable politically. However, as a potential JV with some teeth, it may help form up other partnerships elsewhere. Suspect the "sale" of the two machines will just be their capital infusion into the partnership so we could be a ways off any real revenue benefits. I still want this to play out some more and see some revenue progress before adding further, especially in these markets which look like being tough for the next 12 months. Defense sector however, is probably the one you want to be in right now.