To: Sai P. yandamuri who wrote (257 ) 9/30/1998 7:44:00 PM From: swedelo Read Replies (2) | Respond to of 518
To All AETI Investors: It is my opinion that the real "wild card" in this company is none other than Steven Fox, President of AETI, America. It is his name that is on all press releases and it is AETI America that is traded on the OTC:BB.Yet it is AETI Canada that is manufacturing and marketing and doing the R&D for the company. As I understand it, AETI Canada is a subsidiary of AETI America with AETI America holding co. holding the license to the proprietary software to this product. So, AETI America actually owns the technology while its subsidiary in Canada handles the manufacturing etal. I believe what is really needed to get this company back on the right track is, not only, new contract announcements, but a follow up Conference Call (closed or open is fine with me) with: 1.) Mr. Fox and Mr. Andruski present to answer questions pertaining to the exact relationship between AETI America and AETI Canada. 2.) A detailed rundown of signed , and in affect contracts with an estimate of revenue streams that are currently being realized for same. More specifically is cash flow negative or positive at this time and why? 3.) An update on the state of potential sales that are being discussed (no specifics, simply a number of prospective clients (no names please) as this would be unethical, if not illegal). In other words, how aggressive is your marketing and sales department at this point in time? 4.) what, if any, new product advances are being researched and developed. 5.) The possibility of alliances being formed with OEM's to incorporate their product at the box building level as per there announcement of NT/5 compatability dated June 15 6.) And, last but not least, managements visions for the future, in both marketing arenas and possible upgrades through R&D. Again, I believe a few new contract announcements combined with a CC that includes BOTH MR. ANDRUSKI and ESPECIALLY MR. FOX could do wonders to restore the confidence in this organization that has obviously been lost over the course of the last four months. I am hoping that the primaries in the company read this and find it to be a prudent course of action. Best Wishes, Swedelo