ABHI 20-30Mil Lawsuit/Settlement will blow the roof of this place...
EMAIL FROM CEO: ESTIMATE OF LAWSUIT AND VOOSH REVENUE POTENTIAL
David,
Thanks for reaching out.
The revenue potential from Voosh is unlimited. It's really a great product, having been endorsed by IBM and Microsoft, we are in current talks with some bigger clients to have them use the product system wide, which will bring in needed revenue to AmbiCom on a monthly basis. Hard to put an intrinsic value on it
The lawsuit I inherited, but as I looked at everything and saw the blatant disregard for the contract as was written, I saw the lawsuit as something AmbiCom needed to do as they continue to use the product and have not paid AmbiCom a penny. Over a year and a half period, rough estimate would be $20-30mm or more. It's substantial.
Everyone from previous management is gone. It had to be as they were the main cause of where the company currently is.
My responsibility first and foremost is to put value back into the stock for the shareholders.They make a company what it is.
Next step is to get current which were working on and hope to start quickly on the process.
Hope that helps.
Alain Lewand
CEO
AmbiCom Holdings
312-339-3017
Today, 8:12 AM
Good Morning Mr. Lewland,
Congratulations on the recent success with Ambicom. I am a current investor and was hoping you could answer a couple of questions, if and when you have a spare moment:
1. What type of revenues do you expect from Voosh licensing and or can you provide a quote for a Voosh license?
2. When the lawsuit with PC Driver is settled in Ambicom's favor, do you have an estimate of compensation for Ambicom?
3. I know there is management restructuring; does HS Lee remain involved with Ambicom in any capacity?
Thank you for taking the time to answer any of the above questions.
Best regards,
David
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