Medizone Intl. (fka MZEIQ)

[Tane61]

Quote: "...there are actually people in the world who value dedication and integrity"

Indeed, Owners (stockholders) of a Public Reporting Company value/expect INTEGRITY but it appears that they do not always get it!

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(This TOTALLY UNTRUE STATEMENT was posted at the Company Website around the time that SMTC was cutting Medizone loose due to issues surrounding unacceptable CREDIT RISK)


"Commencement of commercial deliveries began in April of 2012."


"Initial Sales of AsepticSure™

"Commencement of commercial deliveries began in April of 2012"


The version above was subsequently changed, some months later, to the version below:


"Initial Sales of AsepticSure™

"Commencement of commercial deliveries began in September 2012"


WHAT INTEGRITY?


TO DATE, NOT ONE(1) SALE TO A HOSPITAL NOR ONE(1) HOSPITAL SERVICE CONTRACT HAS BEEN REPORTED (The manufacture of the first production machine was announced back in April 2012)

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SMTC CORPORATION:

http://www.smtc.com/en/investorrelations/financials/default.aspx (Live Webcast)

SMTC's CEO Discusses Q3 2012 Results - Earnings Call Transcript EXCERPT

Claude Germain - Co-President, Co-Chief Executive Officer, Director

"Let me just jump in, with two quick points, I wanted to close on what you mentioned about Medizone as well.

So there are probably two things, one is at a broader level, always remember that credit is the biggest risk that our company has and our credit policy tends to be very, very tough.

So if we find that a customer for whatever reason is exhibiting a balance sheet which doesn't make us comfortable and if we recall the previous question on inventory, our customers are contractually obligated to take that inventory but to qualify there is, you know, they have to be credit worthy and so that is our biggest risk and so again we tend to be very tough on credit policy and as a result sometimes that can break a relationship and that's something we’re very conscious of but it's something we’re not willing to trade off. In other words we’re not willing to trade off having higher growth rates with looser credit policies.