Dear Nicole,
Thank you for your email and interest in IPS. You can be assured, that we
are not indifferent to our small shareholders. We want to keep both our
small and large shareholders happy.
Unfortunately, we at the company are not always in the office due to
business travel or perhaps a vacation during the summer months and
therefore, can not always respond immediately to a shareholder request. We
do employ an investor relations firm for this purpose. Their name is CEF
and the main contact there is Flora Wood and she can be reached at 416
777-0001 or fwood@istar.ca.
With respect to your specific questions, as you know, in our first quarter,
we sold TMC which is allowing the company to focus on its core electronic
vision business. Due to our relatively small size as a company, there are
still some variables that can't be 100% predicted in the future which makes
it difficult to give you an exact answer to your question. In the first
quarter, we have put $0.04 per share to the bottom line. Our goal over the
remainder of the year is to improve upon this and have greater earnings at
the end of the year. Given the company's performance in previous years, I
think this can be considered a substantial turnaround. We do issue press
releases on a regular basis that will give you and all shareholders regular
updates on our progress. If you don't have access to our press releases,
Flora can arrange for you to receive them directly.
If you have and further questions, please contact Flora or myself. Thank
you for your support and perhaps I will get a chance to meet you at the
General Meeting on Sept 16th.
Ken Wawrew
President & CEO
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