that filing is great. here is another key element of their success:
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The relatively high level of profitability that we experienced in our first seven months of operations was attributable to two essential characteristics of our business model:
·
There are thousand of individuals involved in selling our products – but we employ only 16 of them. The remainder are owners or employees of the companies that distribute for us. As a result, in the year ended September 30, 2005 we realized $2.5 million in revenue with only $84,709 in selling expense.
·
Our manufacturing activity is completely outsourced to enterprises dedicated to organic agricultural manufacturing. As a result, during the year ended September 30, 2005 our general and administrative expense equaled only approximately 4% of our revenue. In that year our depreciation expense – often a major factor in agribusiness operations – was only $2,315, since we own no manufacturing equipment.