IPKL
"Our management team has visited China on several occasions in the past and by far this was the most intensive and productive visit ever," said Naiel P. Kanno, iPackets' President and CEO. "The dedication of the management team made it possible to accomplish all items on our agenda and established a framework for the JV."
About the Mining and Mine Safety Industries in China
China comprises more than 280,000 mining enterprises, of which 80,000 are state-owned. There are over 25,000 state-owned coal mines in China, of which over 700 are classified as large mines. Mine safety has been a major issue in the Chinese mining industry, with more than 6,000 miners killed in mining-related accidents in China last year; independent estimates say the real figure could be as high as 20,000. According to Chinese government statistics, more than 12.2 million people were employed as miners in 2005, and approximately 7.0 million of these were coal miners.
THINK ABOUT IT.
IPKL owns the software technology, and when the terms get disclosed..we're talking up to 35% on each mining sale that
ranges from 500k in small mines to $2 mil. in large mines
for the entire country of China.
This just didn't happen. Naeil has been working on this
deal for over 6 years.
Read the P.R...over 700 hundred are classified as large mines.
IPKL isn't doing the production; they are providing the software installation...cuts costs, and why the jv venture.
Now, multiply 700 x 1.5M(being conservative) per mine=1.05 bil.
We're not talking about the other mines here folks which is
200,000 and change x 500k(conservative)=100 billion.
Take 101 bil. sales(minimum) x IPKL's cut(conservative) 25%=25 BILLION
Huge.
Conservative.
The reason for the F/S, they were shorted to death...so, they
wanted to clean it up...start fresh again...and clean out the
shorts.
Bottomline, the China deal needs to be completed 100% before
Naeil thinks about another country, but the contacts are
there. They've been made.
Minimum...over $20 mil. has been put into IPKL's software
technology...now, after 6 years of finalizing a deal w/ China...
we, as shareholders, get to get in on the forefront of over
a billion dollar deal, on increments of a penny.
Think IPKL could be a buyout candidate?
P.S.: Approx. 300 mil float.
To succeed in life. Share your wealth. Help others. God Bless.
EZtradin
