POW candidate: SEVT. 10QSB out today. Numbers still lacking but future is very, very bright. very small float, btw.
The product will gain wide acceptance and they will have hard time, imo, keeping up with demand ( but that is a "good" problem)
pyrogen.com
OUTLOOK
This outlook section contains a number of forward-looking statements,
all of which are based on current expectations. Actual results may vary
considerably.
9
Summit has recently entered into the following contracts or
distribution agreements that we expect to produce the indicated results:
1. We have entered into an exclusive distribution agreement with
Convenience Service Group, a company that places products in over 130,000 retail
grocery and convenience stores across the United States and Canada. For
Convenience Service Group to maintain its exclusive distributorship for
convenience stores, it must produce sales of $5,000,000 of FirePower 911(TM)
during the first year of the agreement. It will place additional products of
Summit in its convenience store network after FirePower 911TM is successfully
introduced. FirePower 911(TM) will first hit the shelves by December 1, 1999. We
have been approved by some major distributors: Core-Mark, MSM Solutions,
Affiliated Food Store--Southwest, Fleming Foods, and Grocery Supply Company.
Some of the retail chain store names are Tom Thumb/Randalls, Town and Country,
Furrs, Harvest Food, Auschan, Coast to Coast, Albertsons, Minter Weisman,
Walgreens, Holiday Foods, and Jewell Osco. The fulfillment transition begins
November 15, 1999. An initial introductory advertising kickoff will begin being
aired in Little Rock, Dallas, Fort Worth, Houston, and Albuquerque around
December 10, 1999.
2. Through International Aero, Inc., we have executed an agreement with a
United Kingdom distributor with 40 sales representatives that cover the European
Union. The initial order for FirePower 911(TM) and FlameOut(TM) has just been
shipped and is for England and Finland. This marketing firm is a fire products
sales organization. Product sales will be in the United Kingdom, throughout the
European Union, and Scandinavia.
3. We have executed a contract with a New York City exporter that was
granted the exclusive right to sell our fire suppressant products in thirteen
countries in South America. The first year's product quota for the exclusive
distribution right is $925,000. The second year's quota is $1,600,000.
Representatives are currently (November) in Brazil, Argentina and Chile securing
initial shipments.
4. We concluded 18 months of negotiations for distributor rights to
Hong Kong/Singapore and Japan on September 30, 1999. Products have been
submitted for testing and certification through Japanese Standards and the
Chinese Environmental Agency in October. Further, we are negotiating contracts
with a Malaysian group for it to be a regional distributor in that region.
5. We have developed a proprietary, biodegradable, non-toxic cleaner
called Ultimate Clean 668(TM) that is manufactured by BioGenesis Enterprises,
Inc. exclusively for Summit. Solar Turbines, Inc., a division of Caterpillar
Inc., has approved the cleaner to be used on its turbine (small horsepower jet
engines) fleet. We are in the process of obtaining the approval by other turbine
manufacturers to use Ultimate Clean 668(TM) on their turbines. FlameOut(TM) and
Ultimate Clean 668(TM) are both being tested by the Department of the Navy.
With a military specification number, FAA approval for the turbine cleaner is
in place. International Aero began calling on the major airlines that are
their customers the week of November 8, 1999.
6. FirePower 911(TM) has been approved for the Spring/Summer 2000
catalog for the Amway Corporation. Amway's distribution of its Spring/Summer
2000 gift catalog is over 3,000,000 copies. Additionally, Premier City Shopper,
which services the customer bases for credit card companies (Visa, MasterCard,
etc) has also approved FirePower 911TM for its member services program for
Spring 2000.
In addition to the above, we expect to commence a vigorous marketing
effort using direct response television in December 1999. The producer of the
infomercials is The Video Agency of Studio City, California. The initial
preparation is being edited at Paramount Studios. Direct response television ads
will be extracted from this 30-minute production. The program will air
nationally on the Discovery, Learning, or Bravo Channels, or on CNBC. It will be
rebroadcast once every other week for six months. We believe this program will
generate investor interest, support the convenience and retail grocery sales
initiative and produce direct sales from the home office. A 60-second FirePower
911(TM) support ad for the local retailers will begin December 10, 1999 on local
CBS or local cable affiliates, where FirePower 911(TM) is on the shelves. (See
paragraph 1 of "Outlook.") |
