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All good news coming from CAGR. Go CAGR!
From an email sent to me by the company....
2012 Q2 Update
Greetings,
CAGR has been progressing on several fronts over the last few months and there are a few developments we would like to make you aware of.
1) CAGR will not be posting a second quarter financial report as we have elected to change our fiscal year end to September 30th and are preparing our year end financial report that will provide a more comprehensive overview of the company's activities, efforts and results. There are many benefits expected from this change and we apologize for the delay.
2) The California Grapes Retail store in Beijing is coming together and after several permit delays, the final hurdles have been overcome. News will be forthcoming regarding the specifics and grand opening (within the next couple of weeks). We have received your email and phone communication regarding the status of the location after the flooding in Beijing. The business complex we are located in experienced no flooding. For a quick clarification, the term "basement" in China refers to a "ground level" location and the 2nd floor is commonly referred to as the first floor. We have had several inquiries on this.
3) CAGR must inform the shareholders that all communications are being reviewed and logged as a result of recent activities that have prompted both legal and criminal concerns. Our efforts to respond to shareholder inquiries will not be impaired by this process but, we may be delayed in our return communications. As the industry we are involved in is very established with a number of financially substantial entities and the public arena we currently trade in possesses many folks driven by other factors aside from the success of the company, we will continue to maintain a more discrete position as long as necessary to ensure our objectives are accomplished.
4) The "BAP" (Broker Alliance Program) has been received very positively by industry professionals and is gaining momentum. We will be making an announcement in the coming weeks with additional details on the current status and participation results.
5) Lastly, our WOFE (Beijing Jin Long Fei International Trading Co., LTD) has received an upgrade to the highest level of recognition for a foreign company doing business in China. This is a result of 4 years of clean business in the market and consistent, problem free, approvals of both our quarterly and annual financial audits by the Chinese Government. This new status provides for an improved rating with the banking institutions and the governmental auditors and will provide for much greater efficiencies with financial transactions for both our customers and between our US and China operations.
China is one of the most difficult markets in which to conduct business. It is not enough to just have the capacity to ship products there and hope they sell. What we have created is gaining support from many different areas including government and industry personnel. This is the right market, the right product and the right time to implement our business model and we are very confident in the future of this Company. I would like to say that most of the hard part is behind us but, we are just getting started and if this were an easy goal to accomplish, it would have already been done.
Sincere Regards,
Jeffrey Crittenden
CEO
Store opening in a couple weeks!! Possible legal action. Broker Alliance Program being recieve positively by industry professinals. Beijing Jin Long Fei International Trading Co. receives an upgrade to highest.level of recognition for a foreign co. doing business in China. Nice Go CAGR
News about Q2
Let's keep our fingers crossed! Ha
Thanks for sharing the email NoWammiesSTOP!
Just called the ungagged TA, and the OS is still 1,360,607,847. Same as it was on the 13th of July when I called them.
Bring em on i say! Go WAFR
HENDERSON, Nev., Jul 17, 2012 (BUSINESS WIRE) -- California Grapes International, Inc. (OTCPINK: CAGR), a leading provider of full service export, marketing, promotions, distribution and sales for the California Wine Industry, internationally, has hired Mr. Tom Rappe as the new VP of International Business Development.
Mr. Rappe is a 20 year veteran in the wine industry and has an extensive background in the exportation and customer development process. His professional career in the wine industry has given him a broad range of expertise with all facets of wine sales from the "Branded Producers" to the "Bulk" and "Private Label" suppliers. With a track record of participation in cross-national business development and broad experience in international sales strategies, contract negotiations, relationship building, product development, and project management, Mr. Rappe has strong communication and interpersonal skills, and is successful in customer orientation in cross-culture environments.
Mr. Rappe will be heading up the Broker Alliance Program ("BAP") for California Grapes International ("CGI") as his primary role. His experience in both the European and Asian markets provide for an understanding and "network of value" that will be beneficial in the further development of the brokers CGI brings into the "BAP" program. Mr. Rappe has been focused as a buyer's agent for many years. His "service based" sales approach and expertise in "Bulk" and "Private Label" wine sales will round out the CGI offerings and provide for many more market opportunities.
"Tom's success in this industry has been based on the simple philosophy of providing a customer what they want to buy not sell them what he has to offer. His understanding of the value that CGI offers in this respect, and the ability to provide the largest portfolio of California wine outside the US market, makes for a perfect match. The opportunities and resources that Tom brings to the table are very exciting and truly enhance the CGI team!" - Jeffrey Crittenden - CEO California Grapes International, Inc.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.
Investor Kit: Company Spotlight Powered by PrecisionIR
Thanks Dale, much appreciated!!
Looks like the store is coming along nicely and doesn't have to far to go before they start stocking. Go CAGR.
Sorry panther, I got your post through Slojab. Yes, I just called them a few minutes ago and I meant the OS had increased since last time I called them three or four weeks ago. Please don't beleive me though, call them yourself and verify, only prudent thing to do.
I just called them and they told me the OS is 1,360,607,847, not gagged, but has increased.
Just called TA......OS 1,146,107,847 Go CAGR.....
I hope so Poppys Stock, would love to hear something from CBGH.
yea, tell me about it!!!
Bueller? Bueller? Anyone??
You're welcome
Well, I just called them and they said, drum roll please.............. no change, still 1,146,107,847. Crowd goes wild with whoops and cheers. LOL
Grinning from ear to ear!!!!! Go CAGR
Thanks for posting that Dale! Can't wait to see them and hear some more info.
I know, I love it!!! Scooping up a few cheapies.
I'm here, woo hoo, just twiddling my thumbs.......
Extremely happy and pleased with the news. Good Job CAGR!!
That would certainly be nice!! Go CAGR
Hey GREGG, if that gets them off their duffs, then get to snapping!! LOL
Just sent an email to David. Hope to hear from him. Asked him when the stop sign will come down. When might we hear about any contracts in the works and are they planning on trying to up list. Will post when and if I hear back from him. Go CBGH
Someone get the shock paddles and give this thing a heartbeat!! LOL
Let's go CAGR!!!
Let's go WAFR!!!
Fun to time them right sometimes eh!! :)
I tried to move it to .034, but got it at the bargain basement price of .0335. Let's go CBGH
Got me some at .10, thank you. Go WAFR
Just another tidbit.........
India and China are likely to emerge as the biggest sellers and Europe is going to be the biggest buyers of carbon credits.
Last year global carbon credit trading was estimated at $5 billion, with India's contribution at around $1 billion. India is one of the countries that have 'credits' for emitting less carbon. India and China have surplus credit to offer to countries that have a deficit.
I know this is about India, but I'm sure China is ranked right there with them.............
Carbon credit is one such area that has immense potential in terms of revenues and India is emerging as a big player in the carbon credit trading. According to a World Bank study, the total market size for carbon trading worldwide is about $10 billion. Indian businesses are on an investment spree of greenhouse-gas reduction projects. The Government of India has already approved 227 projects, which could translate into approximately 250 million certified carbon emission reduction (CER) units with a potential revenue generating capacity of around USD 1.25 billion, assuming an average selling price of USD $ 5 per CER. It is said that India, in the initial years, will garner 10 per cent market share globally
Wonder what percent China will garner???????? Huge!!!!!
There are also many companies that sell carbon credits to commercial and individual customers who are interested in lowering their carbon footprint on a voluntary basis. These carbon offsetters purchase the credits from an investment fund or a carbon development company that has aggregated the credits from individual projects. Buyers and sellers can also use an exchange platform to trade, such as the Carbon Trade Exchange, which is like a stock exchange for carbon credits. The quality of the credits is based in part on the validation process and sophistication of the fund or development company that acted as the sponsor to the carbon project. This is reflected in their price; voluntary units typically have less value than the units sold through the rigorously validated Clean Development Mechanism
From Wikipedia
Go CBGH
Abandon ship!! Party is just getting started my friend.
Love me a giant Gyro. Let's eat. Let's go CBGH