To: xbrent who wrote (125 ) 8/27/1998 6:14:00 PM From: Currency Read Replies (1) | Respond to of 5832
Here's a reprint of last month's PR. This is just one sales arm projecting sales of $50M in sales this year alone. What does that translate to with the small number of shares in MADI? And what about the other sales arm? Add in the 3 1/4M PCs in the D.C. at a cost of $250/unit.... this amounts to an incredible huge dollar figure in sales. -------------------------------------------------------------------- Tuesday July 21, 12:28 pm Eastern Time Company Press Release SOURCE: Madison Systems Inc. Network Security Switching Device TORONTO, July 21 /PRNewswire/ -- The following statement was made today by Don McNally, Chairman of the Board of Madison Systems Inc.: Madison Systems Inc. (OTC Bulletin Board: MADI - news; ''Madison'') is pleased to announce the signing of an exclusive two year sales agency agreement with RT Sales Inc. of Virginia. The agreement is for the following states: Maryland, District of Columbia, Pennsylvania and Virginia. RT Sales is a manufacturer's representative to the computer industry, with a large client base consisting of such companies as GTSI, Sysorex Corporation, Dunn Computers, and U.S. federal and state integrators selling to the U.S. government. This agreement provides Madison with direct access to some of the world's largest computer companies and to U.S. government agencies. RT Sales Inc., under the guidance of James Thornbro, has grown from a start-up corporation in 1992, to a company forecasting sales of fifty million dollars for 1998. Madison will have the full benefit of Mr. Thornbro's thirty years of experience in the insurance and computer industries. Other avenues that Madison is pursuing for the sales of its patent pending computer security device known as the ''Centurion,'' include targeting large networking companies who sell to the computer industry, as well as increasing sales volume to existing various Canadian government agency accounts. The ''Centurion'' is a stand alone switch designed to allow only one communication connection between a desktop computer and a private computer network, or between a desktop computer and external communication via a modem, to be active at any one time, thus refusing access to unwanted callers. Madison is also pleased to announce the addition of two directors to the Company boards. Madison U.S. welcomes Wallace Irwin as Vice-President of Production -- Mr. Irwin has been in the automotive O.E.M. Sales and Manufacturing business for the past 25 years with such companies as Magna International and Trident Automotive. His expertise is in a high volume and quality product environment. Madison Canada is pleased to welcome Mr. Raymond Olafson as Vice-President of Research and Development. Mr. Olafson, who has a Ph.D., B.Sc., and M.Sc. in Physics, brings many years of experience to the Company. and is currently working on the ''Centurion II''. Mr. Paul Crombie has resigned as President and Director of both Madison U.S. and Madison Canada, to pursue other business ventures. Mr. Keith McNally, who has been Vice-President of Madison U.S. and Madison Canada since inception, has been appointed President of both. Madison will continue to be a company aggressively pursuing products in the computer security industry. Signed on behalf of the board, Don McNally Chairman of the Board