AbsoluteSKY (fka ABSY)

[JRMOAM]

Who?

[Mac_in_the_box]

Has anyone noticed?


On the website under Directors and Officers there is someone missing. I hope the rats aren't leaving a sinking ship.

[JRMOAM]

That 3.50 "offer" from europe sure looks good now, dont it?

Think that offer is still on the table? Makes you wonder about managements competence.

JRMOAM

[need2no]

.02 holy sh__

[kvnbrn]

Like I said in my last post



"Send IR a polite email if you would like to verify this response."

Sree. No one is going to move a stock by posting to these boards. I was simply posting information for fellow shareholders. I don't expect anyone to believe without verifying first. I respect your right to short a stock as I have shorted many myself. There may well be time left to be short this one but there's no need to insinuate I'm lying without first emailing IR to verify what I posted is in fact correct.


If anyone gets any additional information from IR please post. Thanks

[downsideup]

LOL!!! For a basher you do a great job of selling the story for the company you are bashing... Nice link, and thanks for it.

I don't see a lot of utility, either, in calling the Staples guy names for doing his job and reporting on the results Staples is getting. The reality I'm left with here that matters... is that the ABSY/Fujitsu system works, does what it says it does, with 100% accuracy... as validated by Staples in their trials... and in the expanded trials...

Staples seems it is planning to roll out the Fujitsu/ABSY systems nationwide in Canada...

The rest on the "math". It seems to me that Staples HAS to have systems at their store checkouts that do a bit more to streamline management than does giving employees ledgers to record sales on paper while writing paper receipts by hand ??? I expect Staples probably has a better bead on the time lines on which they will need to make buys of new systems that meet their future needs, by replacing older systems, than do the bashers here ???

I don't think anyone here has suggested that Fujitsu will sell large retailers who just finished installing new systems a few months ago... on replacing those systems with a brand new Fujitsu/ABSY enabled system... but, that isn't the right way to consider any market. The retailers will have a schedule on which they plan to make those changes... and you won't expect to radically alter their plans with huge new cost items... but neither can they avoid buying the new systems they need to keep their systems competitive as old ones become outdated.

That has been pretty well vetted here already... that the market for systems like these has particular features... including long time lines between making a contact and making a sale... as the retailers have long lead times for planning systems upgrades, and the supplier of tags won't alter the retail chain planning time lines for system upgrades... but can alter the choices they make when they ARE conducting system upgrades.

Similarly, a small company selling hood ornaments to GM... won't drive the GM assembly plant time lines in converting to produce new models... which doesn't mean that a small company with a contract for selling hood ornaments to GM is a bad business to have because it doesn't make the decisions about how and when its products will be used... ???

[Sree]

IR's response to a friends email (there is no such Email)

Typical posts in the past from this person. This time, he must say "from a friends", being afraid indeed:

Promises (back in Jan 2008):

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=26410161

and more promises:

http://investorshub.advfn.com/boards/profile.asp?user=95333

Do your DD carefully with this outfit.

[kvnbrn]

IR's response to a friends email

Had this sent to me by a friend. Send IR a polite email if you would like to verify this response.


Sent: Thursday, August 07, 2008 5:07 PM
To: Investor Relations
Subject: info

Will there be an update on how the 5 Staples store order is going anytime soon?


Absolutesky Investor



Thank you for your inquiry.
The five stores performed extremely well and were declared a success by the customer. Negotiations are underway for roll-out chain wide in Canada.
A release will be forthcoming in early Fall.


AbsoluteSKY, Inc.
Investor Relations

[JRMOAM]

Now there is a guy who will lead us to the promised land!

Good luck to those who still believe.

Seems like in all his ventures, Johnny is the only one getting rich. Here is a quote where Johnny brags about his wealth from previous projects. So with everything we read about him , he came out on top, but no one else did.

http://www.canada.com/topics/finance/briefing/story.html?id=302d7016-408b-49e3-b332-c1fa0400953e

"The company has been quietly developing the technology since 2003, funded by Frabasile's past business riches and private investors. It's leaving the labs this fall to do live pilot tests with a handful of retailers." John Farbasil

This article btw, which refers to a handful of retailers going into pilot, was written in 2006.

Last I counted, a handful was more than one.

Someone is taking liberties with the truth, or wouldn't know the truth if it hit them like a Mack Truck!!


Be afraid, people, be VERY VERY afraid.

[Sree]

Buyers beware!

Forget the link:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=25324998

[Sree]

Buyers beware!

This guys lost $10,000 on ABSY!

[JRMOAM]

Sree is correct.

The tag is way too expensive.

Think about it people, why hasn't anything moved?

If Staples loves it, if it is so cost effective, if its such a success, why no roll out?

Because there are issues, most probably related to cost and infrastructure.

Its relatively easy to be successful in ANY RFID implementation on a small scale. The numbers dont make sense when you extend them out.

Someone tell me please why no roll out yet?

I think everyone is so blinded about making money on this stock they cant see the obvious.

[kvnbrn]

Are you long this stock? My question was to ABSY investors hence the ( Not Shorts ) at the end of the question.

[downsideup]

Wrong. No need to say anything else...

[Sree]

Certainly Staples are not using an $8 tag ...

for 8 cents pencils & candies and therefore using ABSY tags, it has only a half cocked inventory system. Any good bar coding or cheap RFID tags can do the job as good and well.

The lost of any tag will wipe out any profit made from the item.

For the high value, easy pilfered items, thieves know how to disable them if made visible and in the process, the $8 tag will also gone!

So dream on to gazillion of tags.

[Sree]

It will be $8.00!

LOL! The price of an ABSY tag.

We are living in a disposable society and here you guys are talking about a very expensive recycle tag. The tag is so delicate that I will not last for 5 years as claimed, if the tag is lost in a garbage bin because the checkout clerks forget about it and the cleaning people just dump it like garbage, then all the profit from the sale will be gone.

Walmart only tagged its cheap 25 cents tag at the palette level. Any IS system fails to do inventory with the no cost "bar codes" is a defective inventory system.

Is it as big as an Iphone which people can disable it with a magnet:
http://www.canada.com/topics/finance/briefing/story.html?id=302d7016-408b-49e3-b332-c1fa0400953e

Or just as delicate as this to hide it away like this (and you guys claim that it will last for 5 years !!!)
http://communities.canada.com/MONTREALGAZETTE/blogs/tech/archive/2007/05/25/staples-business-depot-uses-montreal-rfid-technology.aspx

Shall I correct it and says 8 cents!

You are trying to promote this stock which is as dead as a dead duck!

[kvnbrn]

Questions to any ABSY investors. ( not shorts )

Assuming there is a Canada wide roll out and the shares outstanding are around 36 million ( as they told me last Dec ) what would you consider fair value for this company's stock?

I would imagine there have to be other companies watching how well this roll out scales so how much of an effect do you think that will have on the PE multiple?

[downsideup]

Much silliness on both sides here.

I doubt it would be practical for Staples to tag a low value item with a tag that costs more than the item being tracked... don't expect them to tag pencils or candy bars at the check out, etc.

It would also be impractical for them to NOT tag items that are high value, when they:

1. constitute key profit centers, with high demand and high product throughput, where it would cost them far more in lost sales system wide to have empty shelves, than it does to pay for the systems, or,

2. where the high value, high demand items are easily pilfered either from internal shrinkage, or from losses on the floor.

The value proposition is having the systems will both enhance volume in the most valuable sales... and curtail the most important source of losses.

That still leaves you expecting sales to any single customer will end up somewhere between zero and a gazillion... and considering either extreme likely isn't very useful in looking to make rational decisions about the potential here.

[Sree]

I am also wrong in my calculation!

I forget to add thousands of servers, softwares, RFID Readers/Reprogrammers, routers and the whole shebang of a massive infra structure!

Add the people who will support this infrastructure.

Also throw in the yearly support and maintenance.

So just double the amount that was estimated.

This is selling dream and there are too many suckers for this penny stock!

[Sree]

You are wrong in your calculation.

In the trial of its Montreal stores, it selectively tagged about 2,000 items, representing some 300 SKUs out of the 7,500 SKUs in a typical location.

http://www.eweek.com/c/a/Retail/Staples-Tries-Reusable-RFID-Tags/


So, for a complete system, you should multiply your final number by (7500/300=25) times:

$23.5M (your number) * 25 = $587M (> half a billion $$)

And you would think that Staples would spend that amount of money for tagging then you are out of your mind!

[downsideup]

It's pretty funny, actually. I was just there and responded to it... after I checked the link provided. The "huge" short interest mentioned was down 3.5% from the prior period, and was less than half a day of the anemic "normal" volume... around 41,000 shares short... which at the current price is something like $1500 bet on shares prices going down from here.

[kvnbrn]

Yes we couldn't have asked for a better comment from Staples than that. I see there is a "short" posting on the Yahoo board. I hope they are prepared to cover in a hurry.

[downsideup]

The "iffy" comments from earlier reports following tests with other systems back in 2006... likely put the "100% accuracy" statements in a proper context relative to the importance of data integrity to Staples ???

[downsideup]

While there is more recent news about the ABSY trials with Staples being expanded, the most "specific" and RECENT reports about the real results that I see on the ABSY product function is this re the pilot:

http://electronics.ihs.com/news/fujitsu-rfid-staples.htm

Fujitsu Installs AbsoluteSKY RFID System at Staples Business Depot

November 6, 2007 // Published as a news service by IHS


Fujitsu Transaction Solutions Inc. announced that the three-month installation of the AbsoluteSKY radio frequency identification (RFID) based intelliTRACKER product suite in Staples Business Depot's first store was successful.

Staples Business Depot worked with Fujitsu to install the AbsoluteSKY real-time, long-range inventory tracking system in a 37,000-square-foot store as a test pilot.

To date, roughly 1,500 stock-keeping units (SKUs) have been tagged, and the system has been reporting inventory status and changes on a minute-to-minute basis as merchandise travels from receiving to store shelves, across retailer-defined zones and through the point-of-sale process.

According to Fujitsu and Staples, the benefits achieved include:

* 100% read rate with no system issues.
* 21% reduction in out-of-stock merchandise.
* Increased comparative sales for the tagged inventory categories.
* Increased gross margin on tagged inventory classes.
* Low cost per use of approximately 8 cents (intelliTRACKER tags are reusable over a five-year lifespan).
* Significant return on investment (ROI).

"The clear and measurable gains we experienced with intelliTRACKER have exceeded our expectations," said Joe Soares, director, process engineering at Staples Business Depot. "The system was easy to install and has consistently delivered inventory visibility with 100% accuracy since we went live."

The intelliTRACKER system eliminates the need for Staples to conduct physical cycle counts on the RFID tagged inventory. In an audit, the intelliTRACKER system was more accurate than physical counts and shrinkage for the tagged inventory was eradicated. The system has balanced Staples' master inventory system and has provided a tool for locating merchandise, managing returns, feeding the replenishment system and preventing out-of-stock situations.

"Our intelliTRACKER system is now performing the tasks and delivering the sizeable benefits that everyone had hoped for when RFID technology first made its big splash in the retail market a few years ago," said John Frabasile, president and CEO of AbsoluteSKY Solutions.

Source: Fujitsu.

[downsideup]

Here's a "fun" post...

While following up on the others here, I Googled "rfid staples" and got this:

http://dvice.com/archives/2007/03/rfid_staples_tell_you_where_yo.php

[downsideup]

The issue with vendor resistance has been a problem for others, too... including particularly Walmart and the DoD... both of whom recently (early 2008) addressed the issue either by saying you WILL ship us your pallets with RIFD, or we will CHARGE you for the cost in extra time and effort your non-RFID'd shipments take us in handling, or we will simply not do business with you. The foot dragging by suppliers pretty much came to an abrupt halt with that statement of the need to do it or fail in the competition to be a supplier.

[downsideup]

LOL. From 2006 ? And I just wasted all that time and bandwidth in rebuttal ? I guess I should read from the most recent post backwards...

[downsideup]

Hmmm. No link to those quotes? Sounds like total B.S. to me. It has Staples, after having done the tests and making glowing statements about the results, reversing course and claiming that RFID isn't a thing they "need" or can afford... which isn't a statement about ABSY or its products, but is wholly counter to everything everyone else in the industry is saying and doing about RIFD ??? I'll throw a B.S. flag at that one.

It may very well be the case that optimizing the results had with RFID systems, to gain the full benefit of what they can deliver, requires that Staples needs to do a better job of data management, particularly as the systems are rolled out system wide. That is one of the benefits of RFID, not a limit in its utility, that it points to existing but unappreciated weaknesses in management and management systems that limit profitability, which are not apparent, and are not controllable, without having the RFID capability.

[kvnbrn]

It's in referance to the pilot Staples ran ( before ABSY's pilot ) with passive rfid tags for supply chain tracking. ABSY's active tags are not meant for this part of the supply chain.

http://www.rfidjournal.com/article/articleview/2684/1/1/

[JRMOAM]

and you think its not relevant because...??????

[kvnbrn]

Never mind I found it. It's from 2006.

[kvnbrn]

Can you send us the link to that article?

[JRMOAM]

I was recently sent this by a friend:

ROI for RFID Is 'Iffy,' Says Staples Exec

TAKEAWAY: Though Staples was pleased with results from a recent RFID pilot, the company's director of retail processes says it's "iffy" as to whether ROI can be attained with a full-fledged rollout. A broad launch of the technology would require a significant infrastructure investment not only from Staples but from its suppliers, he says. The exec noted that RFID leads to improvements in delivery and unpacking times, which should result in more stock on the store floor and happier customers. In addition to supplier pushback, however, Staples is concerned about the need to synchronize RFID with back-office accounting systems. Data synchronization is "really the foundation and the starting point" for a broad RFID initiative, the exec says. Costly data errors could cancel out the labor savings made possible by RFID.

[MrT11]

Hey,thanks for all the work you have done on the ibox,its looks great i love the chart.I have doubled my number of shares in the .03-.04 range all i can do now is hope the idots in mangment have not issued to many new shares,and that the staples deal is still alive.

[JRMOAM]

If it walks like a duck....

Lets face it, something is rotten in Denmark.

If the product is so great, if it has such great return, if it worked so perfectly, it should be a slam dunk for Staples to purchase. Yet time goes by and the economy worsens and the probabilities reduce.

Look past your "wish" that this take off. Something is wrong here. Does the product have flaws? Is there a security weakness? Have Staples lost faith in AS management? Is Fujitsu concerned about the company viability? Are there copyright infingements on the product? Are there disputes among all the partner vendors? What???? Something!

Oh I agree someone will get rich here, but it wont be anyone of us writing on the post! Thats a for sure.

Hope I dont have to say ITYS.

At any rate I have been out of this stick for a while, so perhaps I have no right to criticize. Just came back on to see if this talk is same. After 1 year, its like I where I left off.

Good luck gentlemen.

[downsideup]

Wow. There is actually a conversation breaking out here... which is perhaps more newsworthy in itself than the content of the some of the recent conversation ?

I'm not quite ready to throw rocks at the company for not putting out news at every opportunity when I'm asking them not to put out every little bit of news they could... just in order to be putting out news. I do think we should want and expect to see a transition occur now, that takes the company from delivering endless and identical forward looking "news" to delivering ONLY actual news of accomplishment after the fact.

Otherwise, in looking at patterns on the charts, I'm noting change in what I don't see... accelerations in share sales... and in what I do... declining volumes and pattern overlaps consistent with what we know of the company:

http://www.trending123.com/patterns/Bottom-Triangle-Wedge-Chart-Pattern.html

The explanations of the patterns are obvious given what we know of what the company is doing... including changing the past relationships between news and stock price movements. The trend here ought to be extended beyond a "normal" pattern development, if the company does what we are asking, and transitions from reporting every bit of forward looking potential as news to reporting only actual accomplishments.

To the degree charts are or can be predictive, and to the degree they reflect "real" changes in the business as the market becomes aware of them, instead of random market movements... what we see now makes perfect sense given what we know of the ongoing business developments. We know the market for ABSY's products is slow to adopt new technologies, and we know that they ARE adopting new technologies... albeit slowly. It looks to me like what we ought to expect now is "real" change that happens in fact right about now... in June and July... with an ability to report that news out as solid accomplishment, as things that HAVE happened rather than as things that WILL or MAY happen... some time around September.

If we see that transition from forward looking news to a roughly quarterly, retrospective reporting of sales and other accomplishments... we should expect to have about a quarter long lull in news now before noting that the news that we do get isn't prognostication.

Not a good thing to have complete and total silence, suggesting inactivity, for that entire period... and we've talked a lot here about how the company needs to have a more functional and focused communications effort... but I support the current lack of news if there isn't any real, solid accomplishment in the bag to be reported out yet.

I think the method applies MORE pressure on management and staff than the alternative: When non-news is reported as news, it is too easy to allow yourself to believe your own PR and think you are actually accomplishing things by generating news about potential. Set the bar for what is considered news higher... and the pressure to perform is increased...

Still, if the communications effort we get is "none"... some here will assume the company has gone or is going away and the shares will drift lower. If what we get instead is more of a "standby" message... one that CLEARLY suggests that in future news we will actually see this transition take place, with real news delivered only after the fact, "soon" in business terms, then the shares will likely trade higher in the range they have recently, between here and $0.05... and then, perhaps, moving much higher with news from a more solid base.

The communications effort will work better, even without news, when its focus is clearly understood... when we investors and the the company agree and have aligned our interests based on what news "is"...

From where we are now, any up move will likely generate new support... as the clock continues ticking, we're trading sideways and seeing the MAs coming down to where we are here. A little pop back up to or over $0.04 on anticipation of future events will put us up over the 120 day moving average... not the limit of the move people here want and expect to see... but, the sort of move on which you can find support and begin to build...

I'm looking to have Staples sign a contract and buy ABSY products that they actually PAY full fare for... still expecting the slow down in the economy will accelerate the trend here rather than delay it... still expecting Staples will be only the first, and that Staples/Fujitsu will enable others after the proof is in...

[eibeg]

I have also emailed investor relations expressing my dissastisfaction. Lets keep up the pressure.

[tbadfyou]

As a investor in this company i am going to recommend the leadership begin wearing the rfid tags to we can take inventory of the failing promises...I just wonder how many are left...is it time to reorder?:)

[kvnbrn]

No news by the end of 2nd quarter.


Again they tell us one thing and don't deliver when they say they will. Looks like a new low is in the cards. I emailed them to let them know my displeasure. As suggested I think we need to let them know.

[eibeg]

downsideup, I agree with you - I would rather not hear any news at all than to hear more forward looking news.

I started investing in this company from way back when it was being traded for over 80c (I have lost so much money on this stock!). I have heard so much forward looking news, and so many promises about how things will be announced by the end of the quarter (every single quarter), and so far they have all mostly been empty promises (with the exception of the Staples test project). I do however believe in the company's product and its partners which is why I am still in this. Management needs to do a much better job with promoting this stock and materializing real results at a faster rate though.

Believe me, if you have also been hearing the same thing over and over again for over a year and half, you would probably also start worrying about the viability of this company. I really hope that something does happen very soon.

With that said, in the past, every time I have sent an email to investor relations at the company they have been very responsive and have replied within 48 hours. Perhaps we should all email them and let management know that investors are concerned, and that they are tired of hearing empty promises, and are now looking for a better image and no news unless it is real results. Lets all get together on this and mount some pressure on them, and hopefully that will convince them to make their image better with investors.

The email address for investor relations is: investor.relations [at] absolutesky.ca

[downsideup]

Actually, what I'm hoping for is not just that we get "nothing" in the way of news... but for a change in the communications effort. I don't want to hear no news as news... but also don't want to see the company wait and wait and then just dump a really good bit of news out there without preparing the ground first. You should have a strategy in communications... including that it is a good thing to have people paying attention to you BEFORE you start speaking to them and saying something important...

[downsideup]

I'm hoping we don't get anything new for a while... at least not more of the same as those last few.

Partly just don't want to hear more about increases in things that don't matter until they are made real. Once there are signed contracts and checks being cashed for sales made... then the potential sales figures start to mean a lot more. Before there is that firmed up element of context to allow the reported potential to be considered as likely to happen "soon"... it would be more useful just to take the opportunity HERE to shift to a rearview mirror perspective on news instead of always focusing on generating forward looking news...

Much harder to make that transition later... and more future value will come from gaining and showing a better ability to hit potential targets on time than from inflating the potential before it is in the bag.

JMHO... I'm sold on the story... don't need to hear the same story told again over and over just louder each time... and will support the transition period with some share accumulation here as I can...

I WOULD like to see some little bits of news or other evidence showing a focus on changing the corporate communications effort... to focus more on what investors want... discussed earlier...

What sort of information would you find most useful in considering buying shares here, or most useful for providing ongoing support of past decisions ?

[downsideup]

I've made similar inputs before, and had them make a difference. The link below connects to that instance, and there is more to this one below the link... http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=23180&tid=814&mid=838&tof=42&rt=2&frt=2&off=1

SNT went from being in a debenture diluted death spiral before this post above, to where it is today, all and only as a function of updating their website... to what it is today... from what it used to be. It used to talk ONLY about their plant work, while the stuff that is on their page today, was there to be used years ago. They went from playing "I've got a secret" to just showing what they are really doing... which carried them from a $0.70 trading range to where they are today... with an upward bias.

I'm not claiming I single handedly "drove" them to putting together the new web page with that post... but it certainly was responsive and timely. Hard to tell, now, with others posting there, that for about 6 months I was there alone, each post like talking to the wall... but, someone at the company WAS watching... which I always expect they will be doing.

The deliberate lack of communication at SNT seemed to be a function of managers who thought it was far more important to keep the wraps on their "secret" project in development than it was to communicate honestly with the owners of the company. The result of the error, of course, was to hurt the owners badly by losing huge chunks of their company to debenture dilution at ridiculously low share prices. They did address the issue after my post, but it would have been vastly better for shareholders if they did so BEFORE throwing away half the equity... and today SNT would be at $3 instead of $1.50...????

Anyway... following the changes at SNT I've added a couple of more "esoteric" elements to my due diligence... One is that since value attends to communication ability and communication quality, I need to evaluate that ability and potential in companies under evaluation. Another I'm still working on is that an evaluation of the other share holders in a company is a necessary element of DD in computing a properly risked future potential valuation... SNT risks included the fellow shareholders who owned dilutive debenture debt... a not uncommon market risk... but, other risks might include fellow investors who just aren't very solid in their skill sets... who post the wrong things at the wrong times... who sell at the worst possible times because they can't afford to hold or acquire when they should, etc.

ABSY seems to have a pretty solid shareholder base for the most part... but the communications issue is still an open question here. I do expect to see business successes reported here "soon"... and it will be interesting to see if there is any new effort applied in focusing communications strategy or tactics by the next bit... Without some purposeful improvement, I fear, each bit of news that comes out is a lost opportunity, and, eventually, the accumulation of the losses in opportunity will become limiting.

[JoeBlack]

That is all I can find. Nothing new.

[JoeBlack]

AbsoluteSKY Sales Advance 300 Percent in Quarter
Wednesday March 26, 10:00 am ET


MONTREAL, March 26, 2008 (PRIME NEWSWIRE) -- AbsoluteSKY, Inc. (Other OTC:ABSY.PK - News), developer of the item-level intelliTRACKER(tm) Inventory Tracking solution, announced today that it will end the quarter with a 300% increase in revenue over the previous quarter attesting to continued traction as the business progresses into its commercial phase. The Company successfully delivered a large portion of the order backlog from its previous quarter. Delivery and installations are progressing flawlessly as the Company ramps up sales.
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The Company also reported that, buoyed by strong on-site performance with early adopters, the sales funnel is replete with substantial business opportunities for the coming two-year planning period. Overall, market response to the intelliTRACKER(tm) Product Suite among leading retailers remains very promising in light of the very attractive return on investment and substantial efficiency gains produced by the system. Additional contracts are expected to be announced over the short term.

About AbsoluteSKY, Inc.

AbsoluteSKY, Inc. (Other

[JoeBlack]

MONTREAL, April 10, 2008 (PRIME NEWSWIRE) -- AbsoluteSKY, Inc. (Other OTC:ABSY.PK - News), developer of the item-level intelliTRACKER(tm) Inventory Tracking solution, recently announced serious intentions from national retailers to adopt the technology and to immediately proceed with initial installations next month. Every indication points to a national roll-out with potential contracts exceeding $25 Million. This is in addition to several other large prospects which are unfolding. The Company expects to be able to announce specifics later this quarter.
About AbsoluteSKY, Inc.

AbsoluteSKY, Inc. (Other OTC:ABSY.PK - News) specializes in the design, development and implementation of new-generation Radio Frequency IDentification (RFID) based technology solutions that provide real-time item-level inventory tracking for retail customers. Based in Montreal, Canada, the company's business model combines strategic, creative and technical skills to deliver solutions that help its clients achieve their business objectives through the use of AbsoluteSKY's breakthrough technology and extensive knowledge of their business operations. For more information visit: http://www.absolutesky.ca.

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AbsoluteSKY's Safe Harbor Statement

[JoeBlack]

Retail interest for AbsoluteSKY's Solution Surpasses $65 Million

MONTREAL, May 7, 2008 (PRIME NEWSWIRE) -- AbsoluteSKY, Inc. (Other OTC:ABSY.PK - News), developer of the real-time, item-level intelliTRACKER(tm) Inventory Tracking solution, provided an update today regarding the growth of its sales funnel. Through the NRF show in New York this past January and several subsequent customer/partner events, momentum behind the sales effort has intensified dramatically as anticipated. Given solid in-store performance and the positive results of Proof-of-Concept phases conducted with a range of clients, several large National retailers are moving ahead to formalize their interest in proceeding to the next step towards adopting the solution, propelling the value of the sales funnel beyond $65 million.
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The Company added that the list of qualified sales opportunities derives from a diverse customer base that spreads from specialty retail chains to department stores, all of whom have notably demonstrated industry leadership in adopting new technologies. They are particularly drawn to the exceptional ROI and short payback which is largely the result of substantial cost savings.

The Company is anxious to be in a position to announce specifics later this quarter.

About AbsoluteSKY, Inc.

[kvnbrn]

Share price reflects the information available.


Very well put Downsideup. In fact I think your entire post should be communicated to the management at ABSY to help improve public/investor perception. We can all see that there is movement going on behind the scene but whether they are just spinning their wheels and burning up precious gas money or making potentially profitable progress is still unclear. Especially with their ever downward trending share price. In my opinon you are correct. There are plenty of steps they can take to improve perception and not break client confidentiality.

[downsideup]

I'd still rather have no news at all than get vacuous filler news pieces. More than we need news about future potential, we need to see more real accomplishment, done deals, completed sales...

It is a good thing when a little company that has a business that is succeeding... goes from reporting its future focused desires and forward looking statements as news... to reporting only news you can see in the rear view mirror, about things that are already done. Among the more useful results of undertaking that shift early... it provides vastly greater ability to be selective in making forward looking statements... so that you hit your targets on time and under budget... instead of always having to string things along, again, and again...

I do think it would be useful for ABSY to be a bit more focused in its communications efforts. An update to the webpage that included more ABSY specific elements, a discussion of competitive advantages, both of ABSY's products vs competitors, and of competitors businesses when using ABSY's products...

I wouldn't mind seeing more of the webpage looking like it was more useful... both productively and successfully focused and applied in driving product sales. Product pages with contact info for sales reps ? Less text based, more graphic, more interactive... so that it at least looks like you could use it to make and execute a purchase decision ?

Can't even see a picture of a product from ABSY or Fujitsu now?

Making the webpage a more functional tool for extending sales capabilities would be useful. I wouldn't mind seeing a news bit pointing out it is done AFTER it is done... even go indepth in the news piece to discuss what the thinking was, etc., and ask for feedback... once it is DONE.

Otherwise, the communication effort from ABSY seems often not to do a very good job of communicating. It doesn't often transmit much in the way of a "feel" for the people who work at ABSY. It seems often to not be well focused on the things that matter to investors... or it doesn't do much to put the info in a context that relates it well to the investors picture of ABSY in a way that makes it obvious how the new should alter that picture. Not unique at this end of the market... but, the share price reflects the information available, and also the quality of the information and its presentation.

Continually updating a "sales funnel" figure with new numbers... while that change is no doubt exciting and meaningful to those inside the company... is a wide miss for investors here who are still focused on trying to complete some basic DD to figure out if the company is even real. Glowing future focused reports of continually improving sales potential numbers, when those numbers don't "soon" materialize as sales... is a net negative that generates an impression of failure when that news is not rapidly brought to completion. "Soon" for a business might mean "this quarter or next year"... while "soon" for an investor means "not later than the end of next week".

[Evolboarder]

We need some news