Dear Andrew:
The Chicago office was opened in the beginning of September. We have not seen any material results, to date. However, Chicago has signed up a few customers. When a customer signs up, they are under no obligation to use the TAD Program. But, they (the new customer) are in position to use the TAD Program when the appropriate situation arises! John Viberg, our regional manager who runs the Chicago office, is targeting very large companies. The sales cycle is much longer in this type of market. Locally, in the tri state New York area, we have been marketing to larger companies with very good results as evidenced in prior quarters and should be of evidence during this quarter ending December 31, 1996. In any case, we expect to see some revenues from the Chicago area develop during this second quarter and even more so during our third quarter.
Today is a significant milestone for ACRT. We are trading on the National Market System(NMS) and, tommorrow, you will be able to evidence this in most any paper that covers NMS listings!
Very truly yours,
Mitch Menik
Investor Relations |
