The Nanalyst
Senior Editor
05/23/2003
06:34:35
tinyurl.com
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Here is an email I sent US Global Aerospace. The replies are from Rich Schineller, their assigned PR spokesperson
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Thank for taking the time to read this email. As a potential future, investor I have several questions regarding an article I recently read titled "Carson company on leading edge of cockpit door security technology". The article can be referenced using the below URL:
rgj.com
My questions relate to several statements made by your Vice Chairman Steve Squires in the above referenced article regarding cockpit doors . The statements are as follows:
“We have 200 firm orders from existing airlines, inside and outside the U.S., including (Israel’s) El Al Airlines.”
My first question is, how many of the above mentioned orders for cockpit doors were filled by El Al and Aer Lingus?
[Rich Schineller] 38
"We hope for 2003 to have 5 percent market in the U.S. and 10 percent of the world share”
My second question is, do you still stand by the above statement given the varying certification processes for different countries?
[Rich Schineller] The Company currently is on track to achieve, given timely certification, those estimates.
My third question is, have you completed your certification process for your cockpit doors with the FAA?
[Rich Schineller] The Company has completed, and passed, everything except the final flight certification, which is up to the FAA to schedule.[
Thank you for your time!
Based on the fact that each door constitutes an order, they have plans to sell 162 more cockpit doors. Since their last sale produced $1,440,500 in revenue, each door averages $37,907. With this assumption, they have potentially $6,140,934 in revenue potential for their remaining 162 doors.
Can you imagine? Filling out a Purchase Order for each door? No wonder their administrative costs are so high! |
