Hi Hermann,
Thanks for posting the German Update for my office. I been extremely busy with the recent price per share issue. This post will sound somewhat repetitve to the many who have e-mail and/or called me these last 72 hrs.
THE STATE OF THE CORPORATION:
The recent downward spiral of the price/share has NOTHING to do with the Material factors of the corporation. We have a major shareholder who is dumping stock becasuse he/she needs to raise money to get out of personal debt/obligations. It's a great time to look at the current price and determine if the fundamentals of AIR PACKAGING TECHNOLOGIES match this current price.
Facts and Fundamentals:
Positive networth, 1.5:1 asset to liability ratio, NO-LONG TERM debt;Established and recognizable patents;Develope/mature the target
industry-semicondutor;A successful market management team with track
records, new contracts( News Release Nov 24 and Dec 1), More contracts pending with announcements forthcoming in Feb/March 98, A new machine- faster with Quality assurance mechanisms, New in-house Quality Assurance Lab; 39 employees vs. 9 employees this timelast year, 1997.
Recent Developements:
The New Machine should be up and running in the next few weeks. Its more efficient then the other machines and has internal quality contorl sensors to eliminate any type of imperfect product. This machine will have a computer which constantly maintains the mechanical operations. The software engineers on the computer program continue to make progress in the intergration of the program with the mechanical hardware. We should announce the completion of the NEW machine (BIG BLUE) in the ensuing weeks.
This piece of equipment will produce the new-generation of the SDS AIR BOX. This SDS product will have rounded corners, a hard valve, and withstand more g-force. This New SDS AIR BOX product will compliment existing external transport mediums that are currently used in the semicondutor industry.
THE IN-House lab deals with raw-material quality before production- the biggest problem prior to the new lab). Raw Material manufacturers would send us falliable material which in-turn caused us to make a leaking AIRBOX....Now, that problem has been rectified. Prior to these major changes the company was able to produce product at 97% quality. The LAb and the new machine will increase quality to 99%+ and increase production capabilities.
THE CURRENT PRICE PER SHARE ISN"T REFLECTING CORPORATE STATUS WHICH IS THE BEST EVER IN THE HISTORY OF AIRP/ V.APT.
Thank you for all your shareholder support and remember your shareholder participation is an intregral part of the ongoing successes. |
