Wednesday, July 30, 2008 10:31:47 AM
Blake,
Thanks for your email and your encouraing words. ServeNation continues to add stores daily and we are working with groups like the Red Cross to add stores. I get an email every time a store is added and I usually get two or more every day. Thanks for contacting your local charities and informing them about ServeNation Have them contact Andrew Maly at the SN office who can assist them in setting up a store.
As we have said in our previous press releases, it is our intention to have at least 500 stores by November 1 and really help them maxmize their store during the Christmas season. We have a local, non profit, radio station with a strong support base of listeners and businesses who plan to use this concept as one of their primary fund raising strategies. If we can average just $100 per day from 150 stores (1/4th of the total stores) our gross revenues will be around 5.5 million making the company worth over 20 million (3.75 x gross revenues). We intend to have more than 500 stores so that we can ensure that we hit our numbers. A lot can happen in the next few months but that is our plan. And yes, I said in an earlier press release that I intended to give a dividend if we can make the sale happen at these numbers. I don't know what the number will be but it will be substantial. More pr's will be coming out in the near future regarding this and other opportuniites involving ServeNation.
You mentioned AcousTech and to be honest I haven't said to much about this company because we have focused so heavily on SN. AcousTech is small at this point but well run and has great potential. It does work with many and varied technology companies in the Unite States and internationally. Feel free to visit their website for more information. After more has been done with ServNation we will be talking more about AcousTech.
Thanks for sticking with us. I want all of us to succeed in this venture. It couldn't be done without shareholders like you and others on the Ihub board.
Kevin May
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