SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): December 6, 2003
Network Installation Corporation
(Exact name of registrant as specified in its charter)
Nevada 000-25499 88-0390360
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
18 Technology Dr., Suite 140A
Irvine, CA 92618
Facsimile: (949)753-7499
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (949)753-7551
Item 5. Other Events and Regulation FD Disclosure
The Company participated in an interview with OTC Journal on December 3, 2003
which was subsequently aired on December 6, 2003. The transcript of the
interview follows.
MARKET BYTE LLC
MODERATOR: LARRY ISEN
DECEMBER 3, 2003
4:25 PM CT
OTC Journal: Okay thank you.
Hello and thank you for joining the OTC Journal in the first of a series of
interviews I will be conducting with companies I've featured throughout 2003.
The purpose of this interview series is to give you the opportunity to hear
directly from the management concerning their business model, industry group,
and plans for the future.
I hope this will help you better evaluate your own comfort level in owning
shares in any of these companies. I remind you that any investment in the
companies the OTC Journal features should be viewed as highly risky.
Please visit our Web site at www.otcjournal.com and read our Mission
Statement. Also please take the time to read our article entitled Are Microcaps
For You? by Dr. Richard Geist and our section entitled Rules For Successful
MicroCap Investing.
Now before we begin the interview let me read the Safe Harbor statement.
This interview contains forward-looking statements including without limitations
statements concerning our business and possible or assumed future results of
operations. Our actual results could differ materially from those anticipated
in the forward-looking statements for many reasons including our ability to
continue as a going concern, adverse economic changes affecting markets we
serve, competition in our markets and industry segments, our timing (and) the
profitability of entering new markets, greater than expected costs, customer
acceptance of wireless networks or difficulties related to our integration of
the businesses we may acquire, and other risks and uncertainties as may be
detailed from time to time in our public announcements and SEC filings.
Although we believe the expectations reflected in the forward-looking
statements are reasonable, they relate only to events as of the date on which
the statements are made (and) our future results, levels of activities,
performance, or achievements may not meet these expectations.
We do not intend to update any of these forward-looking statements after
the (date) of this document to conform these statements to actual results and to
changes in our expectations except as required by law.
Okay today I'm pleased to be joined by (Mike) Novielli the Chairman of
Network Installation. Network Installation trades on the Over The Counter
Bulletin Board symbol NWIS.
The first question is, (Mike), thanks for joining us today. (Mike), the
arrival of WiFi and wireless networking appears to have created a sudden and
sort of insane frenzy. What do you suppose the reason for that is?
Michael Novielli: Larry, thanks for having me today. To address your first
question, while it may appear that this shift to wireless networking was so
sudden the fact is wireless networking technology has been with us for a number
of years now. For example my laptop computer is three years old. And one of
the features which initially sold me on it back then was its wireless
capabilities. Well three years ago wireless (Web) - wireless networks although
they existed they were pretty rare. But I knew it was only a matter of time
before this technology would become mainstream.
Today though I gain Internet wire - I gain wireless Internet access by
physically inserting a wireless card directly into my laptop. But by today's
standards that's archaic. Most new laptops today come fully equipped with a
wireless chip inside. So the point here is although the technology has been
around, the infrastructure hadn't arrived. But now that infrastructure is being
built at warped speed worldwide and hence all the recent fanfare about WiFi and
wireless networking.
OTC Journal: (Mike), it seems that everywhere I go these days wireless
Internet access is exploding just in public places. You know, a year ago the
only place I (can) think of that had wireless access was the Starbucks. Today
it's in almost all coffee shops and bookstores and copy places. You know,
airports have them all over the place.
As a matter of fact I was reading in New York City a lot of streets have
wireless access now. I know many people are installing wireless networks in
their homes. And recently I've been reading that the computer manufacturers are
reporting strong sales of the laptops with built-in wireless technologies.
I've been reading that many are (likening) the growth in this arena to the
wireless (Toko) build out of five years ago. So, (Mike), tell us how big do you
think this market is going to get and how fast is it growing?
Michael Novielli: Well currently it's estimated that approximately 30
million U.S. business travelers carry laptops. By 2005 laptop computer use is
estimated to grow domestically to about 60 million units while worldwide usage
is predicted at more than 150 million units.
Regular wireless users were estimated at about 2 million last year in 2002
and that number's predicted to grow to more than 20 million by 2006 just in the
U.S. alone. So we're talking about a (hyper-growth) market here.
OTC Journal: (Mike), can you cite a few examples of some of the high profile
or larger-scale projects which would seem to validate this wireless concept?
Michael Novielli: Sure. The obvious examples are the previously mentioned
Starbucks coffee shops or McDonalds or Marriott hotels which are rolling out or
have rolled out WiFi hotspots nationwide. As a matter of fact St. John's
University in New York recently spent $7 million on a campus-wide wireless
network and there - have equipped all their students with IBM wireless laptops.
And just yesterday it was reported that the city of Cerritos, California
announced its intentions of becoming the first completely wireless-zoned city or
MAN which stands for Metropolitan Area Network.
OTC Journal: So could you describe - let's shift gears then from the market
which appears to be growing at ten fold over the next three years and talk
specifically about Network Installation and its market niche within this
explosive growth market. Where does Network Installation fit into this market
and how quickly can Network Installation grow?
Michael Novielli: Well our core competency, Larry, has been the actual
design, install, and deployment of traditional high-speed wired networks for the
Fortune 1000, government, local municipalities, the K-12 market, and higher
education - the university system.
As a matter of fact our current (install) base includes clients such as
Wells Fargo, UCLA, USC, Orange and Los Angles Counties just to name a few.
While these enterprises and other establishments in these sectors are now some
of the largest consumers in the conversion to wireless. And as I cited earlier,
the demand is literally increasing exponentially. The ability to meet that
demand is both natural and (seamless) for Network Installation.
OTC Journal: So your installations are bridging just these little hot spots
into these larger institutional installations, correct?
Michael Novielli: Well WiFi technology is used in wireless networks. So
whether you deploy a traditional 802.11 standard or another application that's
dependant on a number of different variables including the location, number of
users, and the scalability. And our agreements with Motorola and Vivato give us
the flexibility to meet the demands of designing a wireless system regardless of
the application that is required.
OTC Journal: So moving forward then could you briefly describe some of the
company's recent accomplishments?
Michael Novielli: Sure. Just several weeks ago we announced that we were
awarded a wireless networking contract from the City of Barstow, California
which (calls) for the deployment of a wireless network for the city's police
department. The conversion to wireless networking for law enforcement is a
trend we're seeing nationwide now.
We also recently announced a wireless project for the Ocean View School
District in Huntington Beach, California. And we continue to consistently
receive repeat business from UCLA and USC which are both extremely valued
clients.
OTC Journal: So, (Mike), then looking out to 2004, where do you expect your
primary growth to come from in 2004?
Michael Novielli: Well our primary drivers for next year will continue to be
our focus on the build out of the wireless infrastructure both organically and
through one maybe two potential acquisitions. Voice over IP or voice over
Internet is also another derivative product and service where we see substantial
growth for Network. As a natural progression we plan on widening our portfolio
and becoming a player in that market as well.
OTC Journal: (Mike), could you dust off the crystal ball and look out past
2004 into 2005 and beyond and talk a little bit about your long-range plans for
the company?
Michael Novielli: Well obviously this is just my humble opinion but looking
into early 2005 our business plan calls for a nationwide footprint initiative
whereby Network Installation can service virtually the entire U.S. directly -
even internationally as opposed to a nationwide-affiliate network from which we
currently operate. Obviously this would dramatically increase our profit
margins which presumably would lead to increase in shareholder value.
OTC Journal: Well I think we've covered all the highlights I wanted people
to understand about the company, (Mike). Thanks so much for your participation.
And I'd like to thank everybody for joining the OTC Journal and (Mike) Novielli
the Chairman of Network Installation.
We'd really like to have your feedback on these interviews. We'd like to
know if you like this format. And we'd like to know if you find it valuable or
if you have any suggestions on how we could make it better.
So please email your comments to editor@otcjournal.com. We'll be back
later this month with another key interview. And thanks so much for your
participation.
END
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Network Installation Corporation
(Registrant)
Date: December 6, 2003 /s/ Michael Cummings
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Name: Michael Cummings
Title: CEO and Director