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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Joe Copia who wrote (20536)11/16/1999 11:39:00 AM
From: Joe Copia  Read Replies (1) | Respond to of 25711
 
From the 10QSB yesterday

OUTLOOK

This outlook section contains a number of forward-looking statements, all of which are based on current expectations. Actual results may vary considerably.

9

Summit has recently entered into the following contracts or distribution agreements that we expect to produce the indicated results:

1. We have entered into an exclusive distribution agreement with Convenience Service Group, a company that places products in over 130,000 retail grocery and convenience stores across the United States and Canada. For
Convenience Service Group to maintain its exclusive distributorship for convenience stores, it must produce sales of $5,000,000 of FirePower 911(TM) during the first year of the agreement.
It will place additional products of Summit in its convenience store network after FirePower 911TM is successfully introduced.

FirePower 911(TM) will first hit the shelves by December 1, 1999. We have been approved by some major distributors: Core-Mark, MSM Solutions, Affiliated Food Store--Southwest, Fleming Foods, and Grocery Supply Company.

Some of the retail chain store names are Tom Thumb/Randalls, Town and Country, Furrs, Harvest Food, Auschan, Coast to Coast, Albertsons, Minter Weisman, Walgreens, Holiday Foods, and Jewell Osco.


The fulfillment transition begins November 15, 1999. An initial introductory advertising kickoff will begin being aired in Little Rock, Dallas, Fort Worth, Houston, and Albuquerque around December 10, 1999.

continued ......