Email from Doug Beatty to all shareholders:
Subject:
From the desk of Douglas W. Beatty, Ph.D.,President/CEO, Struthers, Inc.
Date:
Fri, 22 Dec 2000 21:07:30 -0500
From:
directors@struthersinc.com (Struthers, Inc.)
To:
onlinetrader@
December 22, 2000
Dear shareholders,
Never Fear-Never Quit
As I type this note I am directly staring at the words pasted on my screen, "Never Fear-Never Quit". This is a statement that not only do I view every day, but, I work by. The other statement that I work by it is "Success is creating a state of mind that allows you to obtain whatever it is you really want".
Dr. Victor Frankel the author of "Man's Search for Meaning In Life" was one of the few survivors of Auschwitz. He was a German Jewish psychiatrist who somehow managed to live where tens of thousands of others died. With little food for clothing and no medical attention, he was forced to stand by while his fellow prisoners were cremated.
Upon being released, he was asked how he managed to survive. What powers did he have that others lacked? How he managed to stay alive? If you read his book you'll find that he replied, "I always knew that my attitude was my own choice. I could choose to despair or be hopeful. But to be hopeful I had to focus on something I wanted." Dr. Frankel decided to focus on his wife's hands. He wanted to hold them one more time. He dreamed of being an able to embrace his wife again and to be heart to heart one more time. That focus kept him alive throughout this horrible tragedy.
Dr. Frankel did not have more energy available to him than the others at this concentration camp. But rather than using that energy in despairing at what was happening to him and those around him, he focused on a single goal; he gave himself a reason to survive, and by concentrating on that reason, he was indeed able to survive. He created in attitude of hope for himself. At times tried to convince others of hope. When his attitude was positive, his mood took care of the rest. He is known to have stated, "Today, in order to survive, you must do this in this and that." As long as he stayed focused, he was a survivor.
Focusing our energies including our corporate plans for expansion in a single-minded manner or direction can work for us just as it did for Dr. Frankel.
At Struthers, we have always strived to lead the industry in a number of areas, all of which have been outlined numerous times through PR's, interviews and corporate discussions.
As you know, one of our corporate goals was to achieve the status of a fully reporting listed company on the OTC: BB prior to the holidays. We achieved this. And as you also know, this has been a long drawn out process, but a milestone we knew would be obtained. I have congratulated everybody before, however, I would like to take this opportunity to say thank you for those of you who at times doubted the process, but still had perseverance and patience to believe that we would accomplish the goal.
During the year we dedicated our energies to building a solid foundation from which to grow. As an emerging growth biotech Corp. we needed a solid foundation to move forward. Which we have today. While we are still a young company, we have put together many of the important elements necessary for our future growth. Over the last many months I have watched with amazement of just how many "solid" companies have been traumatized in the securities market by the fluctuation in the economy, the election and the fact that many investors had an excellent start to the new millennium but had to take substantial losses in their stock portfolios to cover their gains, which we have seen recently. Speaking to a number of security brokers and mature investors the whole market has taken a severe beating over the last few weeks. Obviously, we were among those companies who have taken the hit. I believe as these brokers do that the rebound is imminent.
Now that we are fully listed and trading on the OTC: BB we now wait as our marketmakers transfer trading privileges from the pink sheets to the Bulletin Board. For this to happen to marketmakers must fill out the appropriate forms (211) and send them to the NASDAQ to be approved to trade STRU on the OTC: BB. At this very moment we have marketmakers who have sent in the appropriate forms and we have marketmakers who are the process of filling out and sending in these forms. Once this process has completed it is my opinion that you'll see more activity with our stock, of course along with our support through PR's and marketing measures we have put in place.
As I mentioned above we have built a solid foundation from which to grow. We have made acquisitions, asset acquisitions, developed new innovative technology which is getting worldwide attention and we have doubled our staff which now numbers over 40. We have also added a number of noted consultants in different fields of specialties. We have also added more animals through alliances with producers to meet my objectives, which I set forth in previous correspondence. During the fall we opened our state-of-the-art Boar Stud facility located in Minnesota and have been in the process of stocking this facility. In addition we have also added alliances with Packers who can process our product to the specifications that our clients are requesting. David Diebold, VP sales, has started a pipeline of hogs moving from the producer to the Packer to the consumer on a weekly basis. Shipments of our own brand label TENDERPRIME has been growing daily and we have been adding to this line considerably with other all natural and organic products. I would like to take this opportunity to thank all those who have ordered these products and I look forward to introducing the new products during the first quarter 2001.
I would also like to take this opportunity to welcome aboard all of our new staff that joined us this year, including Dr. Alan Carlson and Dr. Dennis Gourley. We have not ceased our hiring as we are also bringing onboard other veterinarians and technicians to keep up with our increasing surgical and nonsurgical workload which has occurred as a direct result of the asset acquisition of Elite Visions and the Gourley Scope. If I may comment concerning our recent trip to Germany and visit to the largest meat and poultry show in the world located in Hanover Germany, the Gourley Scope was of major interest to many large corporations. At the same time Germany experienced their first case of mad cow disease (BSE) and as a result experienced a dramatic decline in beef sales. Concerns over beef products sparked increased sales and interest in the consumption of pork products. Our technology and genetics reviewed by many and the result was a number of meetings which has now lead to a number of new clients. More information will be released in the near future as to the outcome of these ongoing discussions.
I'm also very pleased to announce that we have leased a new office in Munich, Germany which at the moment is being refurbished and scheduled for occupancy late in the first quarter 2001. We also created a new German subsidiary, Struthers Biotech AG that will serve the European Community with our products and services, including live animals, embryos and semen. As noted above we have experienced a great deal of interest from the European Community, and we took steps necessary to make our presence known in Europe. We're very excited about this new venture and we are also very excited with the fact that we're going back to Europe in January to finalize projects, which actually started during the World Pork Expo.
Although, we have been very quiet we have not been on holiday. One only has to read over the last year's PR's, interviews and correspondence from this office to find that we have grown considerably. For me personally next year starts on the 26th of December, as I cannot wait for January 1st. We have planned our work and we are working our plan. No one should think, that just because you are quiet does not mean that you're not out building a masterpiece. I sit here remembering the days when we took over this company and the stock was at half of a penny. We should all be proud
of the fact that we made it through the auditing process and that the half of the 7500 companies that are being audited will not return to the OTC: BB. We should also be proud of the fact that during the year we had over 95 million more shares bought than were sold. We added to our investor base and we continue to add to our investor base of roughly 25,000 investors ...and this in such a short period of time.
I would like to thank all those who have e-mailed me and had suggested new ideas for the company and also took the time to share with others information on our unique industry.
I wish you all the best for safe and happy holiday and I truly look forward to starting a new year with your Company. We have now finished the building phase and entering the New Year with global presence.Enjoy your family and go hug somebody! I plan to!
As always, warmly,
Douglas W. Beatty, Ph.D.
President/CEO
Struthers, Inc.
Certain statement in this press may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on statements, each of which speak only as of the date made. All such forward-looking statements are only estimates of future results and actual results may differ materially from those anticipated or projected. The company undertakes no obligation to update or revise any such forward-looking statements. |
