Eric, and others wary of DVUI, all potential and current DVUI owners should also know this (Sometimes I wonder why so many KIDE licensees are marginal businesses, they can select from the very best ??):
Jun 98 Annual Report (SEC form 10KSB)
DESCRIPTION OF BUSINESS, FINANCING AND BASIS OF FINANCIAL STATEMENT
PRESENTATION
Dimensional Visions Incorporated (the ?Company? or ?DVI?) was incorporated in Delaware on May 12, 1988. The Company produces and markets lithographically printed stereoscopic and animation print products. The stockholders of the Company approved a name change
effective January 15, 1998 from Dimensional Visions Group, Ltd. to Dimensional Visions Incorporated.
The Company, through a wholly-owned subsidiary of InfoPak, Inc. has developed a data delivery system that provides end users with specific industry printed materials by way of a portable hand-held reader. Data is acquired electronically from the data provided by mainframe systems
and distributed through a computer network to all subscribers.
The Company has financed its operations primarily through the sale of its securities. The Company has had limited sales of its products during the years ended June 30, 1998 and 1997. Even though the sales during the past two years have significantly increased over the prior years, the volume of business is not nearly sufficient to support the Company?s cost structure.
LIQUIDITY AND CAPITAL RESOURCES
The Company has incurred losses since inception of $19,341,796 and has a working capital deficiency of $235,920 as of June 30, 1998. The future of the Company as an operating business will depend on (1) its ability to successfully market and sell its products, (2) obtaining sufficient capital contributions and/or financing as may be required to sustain its current operations and to fulfill its sales and marketing activities, (3) achieving a level of sales adequate to
support the Company?s cost structure, and (4) ultimately achieving a level of profitability. Management?s plan to address these issues includes (a) redirecting its marketing efforts of the Company?s products and substantially increasing sales results, (b) continued
exercise of tight cost controls to conserve cash, ¸ raising additional long term financing, and (d) selling of its subsidiary.
Jun 98 Annual Report (SEC form 10KSB)
PRESENTATION
Dimensional Visions Incorporated (the ?Company? or ?DVI?) was
incorporated in Delaware on May 12, 1988. The Company produces and
markets lithographically printed stereoscopic and animation print
products. The stockholders of the Company approved a name change
effective January 15, 1998 from Dimensional Visions Group, Ltd. to
Dimensional Visions Incorporated.
The Company, through a wholly-owned subsidiary of InfoPak, Inc. has
developed a data delivery system that provides end users with specific
industry printed materials by way of a portable hand-held reader. Data
is acquired electronically from the data provided by mainframe systems
and distributed through a computer network to all subscribers.
The Company has financed its operations primarily through the sale of
its securities. The Company has had limited sales of its products
during the years ended June 30, 1998 and 1997. Even though the sales
during the past two years have significantly increased over the prior
years, the volume of business is not nearly sufficient to support the
Company?s cost structure.
LIQUIDITY AND CAPITAL RESOURCES
The Company has incurred losses since inception of $19,341,796 and has
a working capital deficiency of $235,920 as of June 30, 1998. The
future of the Company as an operating business will depend on (1) its
ability to successfully market and sell its products, (2) obtaining
sufficient capital contributions and/or financing as may be required
to sustain its current operations and to fulfill its sales and
marketing activities, (3) achieving a level of sales adequate to
support the Company?s cost structure, and (4) ultimately achieving a
level of profitability. Management?s plan to address these issues
includes (a) redirecting its marketing efforts of the Company?s
products and substantially increasing sales results, (b) continued
exercise of tight cost controls to conserve cash, ¸ raising
additional long term financing, and (d) selling of its subsidiary.
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