This was on Yahoo:
A letter from Cadigan
by: bd1702
I finally received an email from John Cadigan and here is what he had to say:
To SSGI Shareholders and Other Interested Parties:
Recently we have become aware of multiple references in SSGI in “chat room” and other forums where interested investors share their observations. Many of these references purport to share information, which is confidential, or new, and by their repetition these spurious “facts” take on an appearance of authenticity. Unfortunately, some investors may even make investment decisions on this basis, producing unanticipated results. For this reason, SSGI is issuing this brief summary of current company activities for interested parties. SSGI's base business – that of producing custom software programs incorporating interactive capabilities – is continuing to grow well. Most of this growth comes from additional contracts with our core group of high-profile customers. At present, we have the largest backlog of such work orders in our history. We foresee continued growth through the current year, and as far out as our model can project.
Efforts to effect a merger or acquisition which would bolster revenues and net worth quickly, have been in process for many months. Negotiations with the prospective merger partner have been concluded successfully, and the two parties are working together with investment bankers to obtain the new capital necessary to effect the merger and fuel operations. We cannot predict whether such capital can be obtained on terms which are acceptable, but we believe that these negotiations will be concluded in the relatively-near future. If this merger is effected, the resulting entity will have a size, strength and other characteristics necessary for companies to be listed on NASDAQ small cap, and we would seek to reestablish that status. If the capital which we are seeking does not materialize, then the likelihood of completing this merger will be diminished. The Company will make timely announcements regarding these events.
Finally, let me assure you that the assets of the Company are being managed as conservatively as possible. We have eliminated any waste or duplication which has been identified, and we are satisfied that SSGI is lean and efficient. This effort is being made to optimize the Company's future potential. We are confident that the combination of initiatives described in this communication will optimize results for SSGI's shareholders.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act With the exception of the historical information contained in this letter, the matters described herein contain forward looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product demand and market conditions, the result of litigation, technological difficulties and/or the factors outside the control of the company, which are detailed from time to time in the Company's SEC reports , including the report on Form 10-QSB for the quarter ended September 30, 1998.
John Cadigan, CEO
Strategic Solutions Group, Inc. |
