Interview With: James O. Griffin President & Chief Executive Officer, Director and Secretary
Dated June 21, 2006
Valimed – we successfully had the product tested and it has been certified for use both for sale and use in the US, Canada, and the European Union markets, as well as 40 additional international countries.
3rd most significant achievement = declaration it is the company’s intent to stand up international distribution for ValiMed before the end of calendar year 2006. We’re currently looking at companies in Europe, the Middle East, and Asia.
The last significant point - We are expecting to enter into a 90-day field pilot-test program for our Meth Gun product with the State of Missouri Highway Patrol and we expect that to commence sometime in the late summer 2006, and that is subject to the approval of the GOVENOR.
We are looking at a potential product portfolio value over the next 5 years that could reach as high as $200 million dollars and of course CDEX cannot guarantee that the potential would be realized because a lot of things that are not under our direct control need to happen, and they need to happen in the right order in order to achieve this potential. Most notably, the company must be successful in its current fund raising efforts – to raise capital either through equity or debt financing in order to raise the working capital needed to keep moving forward. But the ValiMed product is extremely exciting. It is a simple product to use.