Conference summary- highlights
-Strongest record backlog entering into q2
-Q4 hoover role-out exceeded all expectations, promotional plan extended by hoover from second quarter 2016 to 2017
-capstone brand still gaining traction
-sales 2.1M, up from 700K
-international sales 1M in the quarter
-Hong Kong sourcing instrumental in stabilizing production costs
-614 gross profit, 29.5% as percentage of sales (including promotional allowances)
-initial royalty payments to hoover 31K
-borrowing capacity should be sufficient to manage orders and operating activity
-product launches do not immediately effect revenues and will not materially impact
until 4th quarter 2016 or first q 2017
-2nd quarter revenues should exceed 8M
-3rd quarter is outpacing 3rd quarter in 2015
-Excess of 20M for 2015
-Now taking a strong long look at share price, allocating time and resources
towards achieving a "rightful and deserving share value" with increased communications to shareholders in the months ahead
-CPC has received patent/"notice of allowance" issue and imminent (capstone power control)
-international sales gaining traction, specifically new potential accounts in australia and new zealand
- has plans to address board of directors and independent board of directors
-Total sales 2015 15.9M 2016 "In excess of 20M"
-Shake out in price of LED less important as the company is avoiding "commodity products"; power failure bulbs release was postposed and reestablished with lower cost manufacturers; lower price CPC bulbs presented at show and "should be a very exciting launch."
- The share price is a PRIORITY to be "immediately addressed" in the next DAYS and WEEKS, not months, to reflect present and future value
- There is a very good possibility that 8M back log is understatement as six weeks are still left in quarter
-The lack of a primary market maker is being addressed as part of a comprehensive strategy to have stock price gain traction in the market place "but it is premature to discuss details."
-Present sales predictions (greater than 20M) do not include CPC bulbs or new products
-"Again, you can expect announcements in the days and weeks ahead, not months ahead."
Accuracy attempted but not guaranteed.
