Need to hear news from one or more of the following fwd looking statements the company has recently announced:
DVM-750 Orders, Backlog and Shipment Status:
"Initial shipments of our new DVM-750 In-Car Video System, which we expected to contribute to fourth quarter sales, were delayed until later this month."
+ From at least one article recently posted on the company's website, they are receiving orders and shipping this product now.
"We believe this delay cost us at least three major contracts that would have bolstered 2008 sales by several million dollars."
+ Company comments that delay of new products in the 4th qtr cost them several large contract worth several million dollars. Now that the company has over 5 products being marketing, have they been booking sales, increasing backlog and receiving orders?
"In addition, the anticipated receipt of a sizeable international order in December 2008 was postponed until February 2009."
+ Could hear news any day now on the sizeable international order that they expected in Dec 2008 that was postponed until February 2009. They have been pursuing lots of opportunities . . .Canada, Mexico, European Market, Saudi Arabia . . .any others????
"We have received orders for over $1 million of the DVM-750 systems, which have been met with strong acceptance in the marketplace. As other new products are rolled out in coming months, we are confident that 2009 will establish Digital Ally as a leading innovator of advanced digital surveillance products in a growing number of markets,"
+ Company needs to provide evidence of market acceptance of new products . . .soon imo.
"Regarding the "strategic alternatives" process that has been underway since November 2008, the Company reiterated that it expects a resolution to the process during the first quarter of 2009. As previously announced, Digital Ally has retained Banc of America Securities as its financial advisor in connection of the Company's consideration of a range of strategic alternatives designed to enhance shareholder value."
+ Expecting to be resolved within 6 weeks. I would prefer that the company seek a strategic partner, overseas marketing distributor, expand new product line, OEM partnership instead of being bought out . . . |
