Received this reply back almost immediately:
Subject:
Re: Consumer Electronics Show
Date:
Sat, 24 Jan 1998 16:09:50 -0800
From:
Sheldon <termin8r@uniserve.com>
To:
Dear Bob,
Thanks for your interest in Interactive Processing Inc. IAPI - OTC BB
So many good things are happening at this time I will try to give you an update and answer your questions at the
same time.
Jan 8 -12 Las Vegas Consumer Electronic Show.
1. We launched the Football Sport Remote and the response was excellent. Everybody who came bye the booth
liked the Football, even people who do not carry remotes in their stores. Every Catalog Co., Retailer and Rep
commented how cool and functional product.
2. We have so many requests from potential buyers we do not have enough samples to send them all. WE are
working on that, now.
3. We have two of the largest Home Shopping Networks request samples, a list of catalog co. too many to name.
4. We are negotiating for a new line of products to vend into the Company and within a couple of weeks we will know.
5. We are negotiating to hire a large Representative firm on the east coast with over 40 sales staff, as well a West
coast firm not as large.
6. The Hockey Puck Remote prototype was received in such a positive way, we couldn't believe it, so we are
pressing ahead on this product and the NHL likes it as well.
7. The NFL is receiving their full production model after the Super bowl and it looks positive. The College licensing
will proceed during late spring. Indoor Football league will be looked at as well.
We have interest in Australia because of the Australian Rules Football.
8. We are negotiating with a new pr firm for the sport remote line to be seen on TV Shows, Movies, Newspapers,
magazines.
9. Interest from two large Internet Sites for sales, one site receives 1 million hits per day.
10. Profit Interactive is working on is 30 - 40 % and has an extremely low overhead, 3,000 units per month pays the
bills and 5,000 per month is profit.
11. 10.7 M outstanding
6.2 in escrow
4.5 free trading
2.1 float
12. Our web site www.remotecontrols.com is going to upgraded in the next 5 weeks and we are adding a
corporate icon for investors. Watch for news on this as well.
13. Please call for any more questions 800-522-6888 and request our new free corporate overview coming in 3
weeks. : )
Thanks for your interest,
Interactive Processing Inc.
Marketing Department
So, what do other people think? (Is there anyone left out there?)
Two positive things I note with respect to an OTC stock. One, they don't need a lot of sales to remain afloat. So if they don't hit right away (which has been the case), they still have time. Second, they seem to be actively trying to market their existing products and to expand. I wish them much luck. |
