SMY - SAMSys Technologies Inc Message Board

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Microcap & Penny Stocks : SMY - SAMSys Technologies Inc

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To: Montana Wildhack who wrote (152)	12/14/2002 4:51:01 PM
From: Montana Wildhack	Read Replies (1) of 342

Last 6 months at SAMsys: July 02 SMY adds David Armstrong (BTG SVP) and William McClean VP Development, Marketing, Manufacturing IBM and removes Joanne Horwtiz. Also announces Senior Auto ID Sales Expert Pat Finn as Director of Sales. August 29 SAMsys joins the Auto ID Center. SMY also announces 9 month results. Sales 1.3M, reported loss 4.1M, cash loss 2.6M, cash 8.2M. September 17 SAMsys attends Frontline Solutions' Supply Chain Week in Chicago to "showcase...broad array of solutions". October 08 SAMsys moves into larger facilities in North Carolina. October 15 SAMsys begins a series of 7 VAR announcements: Oct 15 - Alpha Software - Alpha's proven ability to install and implement RFID solutions in challenging environments has been clearly demonstrated. This alliance will allow us to provide RFID solutions with an industry software and installation leader and jointly pursue several exciting potential opportunities Oct 22 - Wallace - incorporates RFID technology into smart labels with its wide range of label production capabilities to offer customer solutions that drive out cost in their supply chain and provide intelligent smart tracking of products or processes Nov 01 - John Voris Industrial Engineering Group - a leading manufacturing and distribution process engineering and solutions firm. Under this agreement, select SAMSys' RFID readers will be integrated with JVIE's radio frequency (RF) routing solutions for conveyor systems. Nov 05 - VeriCode Systems - Pallet Track and Carton Track solutions that provide manufacturers and distributors with real-time information needed to keep manufacturing and shipping operations running smoothly. Nov 15 - LG&P In-Store Agency - an industry leader in the development and execution of in-store marketing programs. Nov 26 - A.C.C. Systems Inc - contract manufacturing specialists. Under this agreement, A.C.C. Systems will sell SAMSys' RFID readers to its value-added reseller (VAR) and systems integrator network that spans across several industries including commercial, medical, transportation, warehouse, military, and automotive. Dec 02 - VerdaSee Solutions - will incorporate SAMSys' readers into their logistics application solutions for the supply chain as well as within their SmartShelf product lines. ... Cash burn rate I hear has moved to $250K/month. That translates to 29 months cash Dec 31 projecting current rate. Gillette just committed $50 million for tags in what appears to be a pilot related to pallets under Dick Cantwell the former chair of the board at the auto ID center. How much will they spend on this pilot for readers I wonder.

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