I sent following message to Accent's President, Todd Oseth, and received the below response from him today --
From: Stephen Cassidy <
>To: Todd Oseth
>Date: Thursday, January 22, 1998 3:31 PM
>Subject: Investor Relations
>
>>I've sent e-mail and left a couple of phone messages for Ray, but I
>>never received any response from him. Given the collapse in the share
>>price, I find it disconcerting that Ray is not responding to investors
>>and hope that you will respond to me. Why has the company not issued
>>any press release or comment on the share price? If the concern is one
>>of potential liability, then Accent could at least say that and describe
>>the company's fundamentals. I hope that the year end financial
>>statements will be issued earlier this year than last year and wish you
>>the best of success in managing the company. Sincerely, Stephen Cassidy
>Mr. Cassidy:
>
>Ray is not responding because he is ill. I hope to hear that he is better
>next week. As for your suggestion, it is our policy to announce
significant
>activities that the company has accomplished. Making an announcement that
>talks about stock price is typically not wise for companies, because we do
>not control the stock market. Market makers decide how to set the price of
>our stock and the market makers have been very unkind. The only thing the
>company can do is execute on our business plan and make announcements
on
>significant business activities. The company does not like the price to be
>so low, but the only remedy for the company is to perform. I would suggest
>that you only listen to releases from the company because any others are
>only fiction.
>
>Our latest announcement with ALPNET was one of those activities.
ALPNET is
>one the worlds largest localization companies. They have decided to
partner
>with Accent. This partnership gives Accent access to worldwide
distribution
>through ALPNET offices, which is something we could not have afforded
or
>implemented for a long time, and it is confirmation that our software is
the
>best in the market ( ALPNET reviewed all other software products before
>coming to partner with Accent). It will take us some time to get the
ALPNET
>organization trained to sell our product but it is well worth the effort
due
>to the 50 new sales people they have on staff.
>
>The market for language information technology products and services is
one
>of the fastest growing markets in the world. In 1997 it grew beyond $2B.
>Accent's new direction is trying to exploit this market. Our technologies
>are world class, now we must focus on selling our products, which is why
the
>ALPNET agreement is good for our company.
>
>Regards,
>Todd Oseth |
