Thanks so much for posting this Parents, and THANK YOU Bret. This kind of PR was exactly what I wanted!
The key points for me are as follows:
1) Not only does NNLX have viable technology, they are in the process of building a viable product (the BioNanoChannel(TM)). This transition is a key step toward revenue growth.
2) The stand alone office is another hint to expected growth.
3) Cutting costs by 50% and increasing R&D 100% also indicates a desire to stop bleeding the company, and instead, create more growth opportunities. However, in all fairness, numbers like this are still quite vague since 50% and 100% can be substantial or minimal depending on the starting numbers. Once NNLX is off the pinks, figures like this will be very important to monitor.
4)"We look forward to the results of our team effort and the establishment of a strong revenue stream for the company from those efforts." That's music to my ears. Good management is concerned with revenue, not just technology. Again, I like Bret's focus here.
5)"The agreement with Randall S. Goulding and Associates to represent NanoLogix as corporate counsel has been terminated by the company." Woohoo! Bye-bye! Don’t let the door hit ya… (Randall S. Goulding is affiliated with the Nutmeg Group for those who might not know).
6) There is the promise of more updates.
Again, I cannot say how pleased I am with this PR. Please keep these coming Bret, as they are the main avenue to credible information for this company.
