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Wednesday, June 28, 2006 3:33:35 AM
I found this in the report.
"Market place is competitive, both within and outside the United States. The Company believes it is challenging the competition by providing a unique quality product and service at a competitive price. The Company believes its has a competitive advantage by virtue of its proprietary ceramic formulations and manufacturing processes."
CTKH is not really cutting down R&D costs. Look:
"In fiscal year 2004, the Company spent approximately $350,000 on research and development. In fiscal year 2005, the Company spent approximately $300,000 on research and development."
Source: Page 4 of the report
Its just a matter of good reading. The numbers don't lie.
Good luck,
Ceteksevenmillion
Cetek Technologies, Excellence in ceramics.
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