V Group Inc (VGID)

[Buzzy1030]

Some of what you posted is true. Our intention was to open our first Haircut store in Nashua NH. We had some permit issues. Once that was resolved, we had plumbing issues. I take total blame for that. I didn't do enough Due Diligence. I decided to scrap that location and I personally absorbed the loss. Boise is a much better fit for us.
I addressed this in the last Conference Call.

We did lose our San Diego distributor. They were far from our biggest distributor. We moved to Haralambos distributing in LA that is at least 5X bigger.

Thank you for your concern.

Larry Buzzy Twombly