Management believes there are several growth opportunities which can be pursued including expanded operations, new product offerings, expanded customer markets, and geographic expansion. These opportunities may require an investment of capital and human resources. In March 2016, the company moved into its new 17,000 sq. ft. production facility which will provide space/resources with additional machinery to facilitate future growth.
Revenues can be further increased by expanding the customer base within the aerospace and chiropractic markets. The upper cervical chiropractic market which comprises less than 5% of all chiropractors is currently the only segment being served. Entry into other chiropractic techniques represents a strong growth opportunity with additional revenue to be achieved by expanding the product line by developing tools for manufacturing. Specialty tools were developed for the aerospace industry following a request from Boeing. An automated welding machine, utilized for repair services, was recently implemented which has enhanced the manufacturing process.
The Seller is seeking to divest 100% of the shares of the Corporation and planning to retire. Mature management and policies are established and key employees will stay after the transition.