Videolabs Inc (VLAB): A turnaround? Message Board

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Microcap & Penny Stocks : Videolabs Inc (VLAB): A turnaround?

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To: Jay Malde who wrote (7)	8/30/1997 12:12:00 AM
From: Jay Malde	of 56

I called the company and here's the info they gave me. The INS is initially installing the new system in 1,200 locations. Hence, the initial/current order for FlexCam 6.0 is 1,200. They would not give me the selling price per unit. Only that the initial order represented around 10% of their yearly sales. Their sales last year were $7.4 million. So, 10% would represent $740K. This would mean the selling price per unit is around $600. They said 400 camera's have already been installed and another 800 will be installed in the next couple of months. When asked how many units they roughly expect to sell, they said they cannot tell (i.e. they don't know for sure). They would not even give a ballpark figure. Can someone call the company (# is 612 912-1200) to double-check the info they provided me above. See if the company provides any other additional/useful info. The press release said "thousands of units" but we don't know how many for sure and what time frame are we looking at? On a positive note, the current quarter should benefit from the 400+ units already deployed and any additional ones that may be deployed before the quarter ends. Jay.

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