Alright here we go......Straight from Bobs mouth 5 min ago so take it how you wish.....
Me - First off Bob, I was asked to tell you thank you for taking this company forward and not giving up when times got tough.
Bob - The shareholders are a tough crowd to please when the game is hurry up and wait. Dealing with the goverment of this or other countries takes time and it has snags along its path as well. Tell everyone you talk to (you all) that we appreciate their patience and dedication. You ALL will be rewarded and glad you stayed the course. ( I tried to get it all in his words but I dont know dictation)
Q - Japan Deal....Still on???
A - Yes and information covering more than one version of E-Water label, formulas, and other necessary flow charts covering production processes have been delivered. They have hired a Japanese company to handle the introduction of ALL RSHN products as they come online. There will be press releases as these things occur.
Q - I was told that So. Korea is interested in the AR and Organic line of products. Is this actually moving along?
A - "Yes very much so.... They are excited and really love the samples we sent to them. They want the entire Organic line and E-Water"
Q - Is dilution over
A - Dilution was a necessary evil. Bringing on all the new products within the last year took cash and lots of it. Bottle design, can design, plastic bottle design all takes money. Every time we changed a label we had to resubmit some of the paperwork to Japan which also takes money. Buying a distribution system of our own took allot of money. Dilution had to occur to make things happen and currently is finished. The Certification is scheduled to be complete by the 10th of May at the outside but cold happen before that date and that will assure us of no further dilution being needed. We are ina very good position right now. ( I couldnt write fast enough to put quotation. Some of that came from memory, but I wrote the highlites down and I dont think I added any of my own flavor to that)
Q - E-Water designs and sizes? Anything new there???
A - 3 New designs as well as new sizes. (He did NOT say 3 new sizes, just that there were going to be new sizes)
Q - E-Water promo in California.....how did that go??
A - A couple of dist. have had good re-orders, but the health club promo with the movie and such didnt go well, in part because they couldnt get re-orders filled. We think that is a major reason for it not working so well, so we are going to try that locally (Chicagoland area) soon where we can be certain the supply meets the demand.
I was asked if we could pick this up Sunday when I meet them in Chicago so I wil find out about the share structure and float then. Maybe I will take him to lunch and sit down and relax where he can talk more freely, because he kept getting calls while we were talking and it made it difficult to keep a flow going in one direction.
I hope this helps anyone who had questions, and as always email me if you have others ya want answered this Sunday.
GO RSHN!!!!$$$!!!
Chris
AI
