My Biggest Concern For TKO's Future is, BRIC (Brazil, Russia, India, China). Telkonet's future hangs on its ability to sell it's product in these areas of the world. These 4 country's economic expansion in the next 20 years is exponential. I might want to also include Eastern Europe and Africa in this discussion. These areas of the world are basically untapped for broadband. They all have one thing in common ELECTRIAL WIRING and they all have Electric Substations and Grids that need monitoring and improvement. I had hoped GE would be an excellent partner in this. They already have a huge footprint in these areas of the world, Electricity Generating Power Plants, Water Treatment etc...etc...but I am not clear on their intentions. Who Knows??
On July 27, 2005 Telkonet introduced Seth Blumenfeld as a Master of the Universe in their praise for his International deal making experience with MCI. See news release below from TKO's website.
NEWS For Immediate Release: July 27, 2005 SE
Telkonet Appoints Seth Blumenfeld
Senior Advisor for International Development
Germantown, MD, Telkonet, Inc. (AMEX: TKO), the leader in providing in-building
broadband access over existing electrical wiring, has appointed Seth Blumenfeld as Senior
Advisor for International Development.
Mr. Blumenfeld brings to Telkonet nearly forty years of telecommunications experience and is
one of the industry’s leading experts in international negotiations. For the past 25 years, he
served as President of MCI International, responsible for the company’s international activities
including its relationships with over 200 international telecommunication companies.
Ron Pickett, CEO of Telkonet, said, “I share the collective enthusiasm of our directors and senior
management team in welcoming Seth Blumenfeld into our organization to assist us by providing
his guidance in development of our international operations, which are critical to our Company’s
long-term success”.
Seth Blumenfeld stated, “I believe that Telkonet’s products are very timely and perfectly suited
for rapid international market adoption. I am very excited about being affiliated with Telkonet at
this time and look forward to working with the Company’s professional management team.”
I am still waiting for an announcement of a Major International Deal, What Gives?? Is he the right guy for the job?? I am not trying to bash TKO(I am a rock solid LONG) but, I am trying to promote thought and discussion. I am genuinely concerned about their behavior. Is RP in this for the long haul or GAIN??
