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Gold/Mining/Energy : PYNG Technologies
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From: make_me_rich2/22/2007 9:25:52 PM
   of 8117
 
Notes from web cast

I missed the PowerPoint’s, but they are suppose to post them on the Pyng web site (already posted on the main page). I listened to about 90% of the call. Here are a few of the items I recall:
1) Their appeared to be several brokerage houses on the call, which was very encouraging. They had some good questions regarding the Chinese roll out. It sounds like they have signed up with a well informed/experienced agent to represent them in Asia, which will aid them in their search for resellers.
2) David anticipated that it would take about 12 months to get full approval on the Chinese front.
3) If I recall he said their annual production of FAST1's is at about 38,000 units/yr. Someone correct me if I'm mistaken.
4) They said they anticipate that the earnings will become more predictable in the next several quarters and beyond. Their accrual method was spotty until David came on board.
5) They are concentrating on diversifying their revenues beyond North America.
6) They said there is a steady increase in demand based on the ILCOR guidelines.
7) Doctors that are returning from Iraq are requesting the FAST1 in their local hospitals. This is exciting!
8) Financially they are in excellent shape. They have a cash balance of about half million dollars.
9) Expenditures are increasing due to expanding marketing and sales activities.
10) Q4 (typically the strongest period for Pyng) 2006 results were weak due to an accounting write down related to R&D.
11) David seems like a highly competent executive. He was very open/honest on the call. They plan to do a web cast every quarter.

Anyone please correct me if I didn’t hear all of the details correctly.

If I had spare cash I would buy additional shares based on what I heard today.
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