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Gold/Mining/Energy : Response Biomedical (V.RBM) -- Ignore unavailable to you. Want to Upgrade?


To: mike n. who wrote (474)2/6/2004 8:39:16 AM
From: Starowl  Respond to of 655
 
I notice the bid is up 3 cents this morning. The news on GD came after the close yesterday, so we could get some good action today.



To: mike n. who wrote (474)2/6/2004 2:32:38 PM
From: Dick Martin  Read Replies (1) | Respond to of 655
 
No this is different than the Fortune 500 deal which is for a retail over the counter device for home use, Most of the work to design the "mini Ramp" has already been done and we are waiting and hoping to hear about a final agreement. The GD agreement put us into still another market opportunity and notice:

Response (TSX:RBM) said it anticipates annual revenue directly as a result of this relationship to be about $5 million, including a long-term supply contract for the system's consumable components.

Obviously nobody had a better platform so GD went with Ramp, things are really looking good.

Dick