Rob,
Sorry about the delay in responding! The following is the 1997 overview report of 1997 (it will answer your question):
1) The company increased its sales from under $1 million annually to approximately $10 million annually in the last 12 months.
2) The company will be reporting net earnings for the YEAR (being determined by the audit); such earnings figures cannot be reported until they are made available by the company's auditors, upon their presentation to teh company of the completed, consolidated, audited financial statements.
3) The companies balance sheets expected to be strong and well-balanced (a good formula/ratio mix between debt and equity).
4) The company commenced its first audit, which is presently nearing completion. Upon the publication of its audited financial statements (now anticipated sometime in February of 1998), the company will be filing its initial 10-K report with the SEC, and becoming a fully reporting company.
5) The only delay in the completion of the company's audit has been caused by its aggressive acquisition activity during the past year (7 companies), all of which is being incorporated in the audited financial statements presently nearing completion.
6) The company believes that it will be able to qualify for "NASDAQ Small Cap" listing in mid-1998, moving up a notch in respectability from its present "OTC Bulletin Board" status.
7) Upon completion of its acquisition financing this month, the company will be in a position to sustain it's operations indefinitely, through its own cash flow, with out he need for external funds.
On another note, I am tired of being told that, "I called you (or anyone at the office) and I never got a phone call back", LEAVE A NAME, NUMBER, AND A MESSAGE! None of us can return a mysterious phone call. We will call as soon as we get the message. We only have 11 employees, managers and executives, overseeing 7 subsidiaries and the parent company, and only 2 or 3 of us are regularly working at the parent company's office, with others scattered around the various other companies on most days.
If there is anything else I can do for you email me or drop me a note here and I will do what I can to help.
Matthew |
