EVIO Inc (EVIO)

[StevenRisk]

After further review of 10Q and WW giving somewhat of a satisfactory explanation of 200K software issue I do believe their is hope. To begin with if you subtract that $200K which is one time in nature our operating loss is $467K vrs $391K which is really not that bad considering the groundwork is being laid and even within the framework. However, I do expect this to rise in the current Q due to new hires within management. The good news is at least one is highly stock-based. Plus interest expense decreased. Also without the $200K bottom line is actually $30K better than year ago.

My Summary: IMO, increasing revenues will directly impact the future as most of the SGA(sales,general,administrative) expenses are fixed in nature. With that said the positive being WW will no longer have to wear different hats and continue to learn by mistakes which have been so obvious and painful. With these select focused new hires we will see substantial improvements throughout the entire corporation. While I have been somewhat brash with management the issues they faced in an emerging business with governmental, state, local issues it was really an insurmountable task for what they could internally establish as their is only so much time in the day and knowledge. Kudos to what they have accomplished in a short time along with knowing when it is time to do what is needed to accomplish that. For that I believe their recent actions and the talent they now have will get EVIO to the next level. GLTA