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Microcap & Penny Stocks : Avante Technologies AVQ -Humidifier through Home Depot -- Ignore unavailable to you. Want to Upgrade?


To: Rory McLeod who wrote (160)1/13/2000 11:06:00 PM
From: 3:16  Respond to of 183
 
...volume...

HomeShow in Calgary today



To: Rory McLeod who wrote (160)2/11/2000 5:38:00 AM
From: Jerrold Annett  Respond to of 183
 
Found on the net....

They are selling about 20 units per week on the internet. Home Depot sales are brisk. Basically, Home Depot can sell as many as AVQ can send them, but up until now, because of the cash flow problems, AVQ has had trouble keeping up with the orders.
They are presently doing a production run of 500, and immediately after that another one of 1000.
They are going to have a large meeting with Home Depot's head office in April. This is to determine exactly what Home Depot wants to do over the next year. AVQ expects the results from this meeting to be very positive.
AVQ is hoping to start selling in the Utah stores before this meeting.
The stores can literally take a truck load at a time, that's about 800 units. Of course, Avante needs to have everything in place to have the production capacity for that, we want to be able to supply product when it's needed.
Timbermart is still doing homework. As for Air For Life, they are taking a different tack. They have decided to begin selling to their contractors over the net, which will actually be better for Avante. The contractor will order the humidifier over Air For Life's web-site, and the order will then be shipped directly from Avante to the contractor. This means that Avante will be able to increase their margins some, making a higher net return than previously. They will also be keeping the Desert Spring name on the product, whereas previously Air For Life was talking about having their own name on the product.
Apparently one of the top brass from Home Depot was in one of the Colorado stores recently, and saw the product and how well it was selling. Was really impressed.
So everything looks great. The only thing I suggested that they need to do more of is keeping the public up to date more by means of News Releases from time to time, and on sites where they will get the most attention, such as Carlson On-line. AVQ knows they need to do more in that regard, and would be improving in that aspect.
All good news for now.



To: Rory McLeod who wrote (160)3/2/2000 8:40:00 AM
From: Jerrold Annett  Read Replies (1) | Respond to of 183
 
Avante second quarter results

Avante Technologies Inc AVQ
Shares issued 16,475,891 Feb 29 close $0.20
Wed 1 Mar 2000 News Release
Mr. Neil Werfhorst reports
Avante has completed sales of $269,734 during the first six months of the
year. The company's gross margin improved dramatically from 21 per cent in
1998 to 48 per cent in 1999.
The company continued to realize significant savings in its expenses. Total
expenses in the first six months of 1999 were nearly half those incurred
during the comparable period in 1998.
The highlight of the quarter was the startup of the Home Depot account in
Colorado. In November, 15 stores ordered five units each. As expected they
sold out quickly and repeat orders began to stream in. Some of the stores
gave the company the premium end of isle display space where its product
was featured along with a television VCR playing the Desert Spring video.
One store sold 90 units over one weekend using this type of display. The
company endeavoured to keep up to its demands during the month of December
and ended the quarter with a company-wide backlog of over 800 units.
The inventory requirements for the Home Depot, and subsequent strain on the
company's cash position, required the company to initiate a private
placement for additional working capital. These finances came in over
December, 1999, and January, 2000.
Platt River, the company's assembler in Denver, Colo., worked very hard to
fill the orders from the Home Depot. To help alleviate some of the
pressure, the company began assembling units out of its Calgary office. All
Canadian orders as well as all the Internet sales in both Canada and the
United States are now filled from Calgary. The company has realized a
$5-per-unit reduction in cost through this process.
Internet sales continued to grow and the company is now selling on average
20 units per week. One of the company's e-commerce retailers,
HighQproducts.com, was so delighted with the sales of the Desert Spring
power humidifier, that he took out advertisements in the upcoming April
issues of Popular Science and Popular Mechanics. HighQproducts expects
significant response from these ads. Air for Life, a manufacturer and
distributor of heating and cooling products in Minneapolis, took delivery of its first order of humidifiers and is now planning to sell its product directly to the contractor over the Internet. It plans to have this system operational by early spring.
During the second quarter, Avante welcomed a new director to the company.
David Michaud, a businessman from Kamloops, B.C., joined us in December and brings valuable investor relations experience to Avante.

Lastly CanStock, publisher of The Canadian On Line Investor wrote a company profile in its December newsletter.

With the recent success of sales at the Home Depot, the company's long-term results with Atco Gas and the growing Internet transactions, it is clear
that retailers are the company's most successful distribution channel.
Avante will concentrate on more of these large retail opportunities in the
future.