Javelin ... trying to say they completed their task and raised the Aero kid ... no need to babysit them any longer.
Javelin Advisory Group
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Client Turnover
May 7th, 2008
Most of those who follow the news related to Javelin Advisory Group and its clients have likely seen the recent press release announcing the termination of Javelin’s consulting agreement with Aero Performance Products. While this may be construed as a negative development by some, client turnover is very much consistent with Javelin’s business model. The nature of our work includes taking public companies when they are disadvantaged in some way, addressing and mitigating their problems and setting them on a course for long-term success.
Specifically in the case of Aero, the major work of Javelin was completed almost a year ago, with the filing of all past financial reports with the SEC, including quarterly and annual reports. This brought the public company then known as Franchise Capital Corporation fully reporting and prepared it for the acquisition of Aero Exhaust. The work that Javelin completed to bring Franchise Capital to fully reporting status was in no way inconsequential, and we were very pleased to have successfully managed that process.
Aero is now operating as part of a public company, and its goal is to become profitable and to return value for its shareholders. Aero’s management felt, and we were very much in agreement, that it should develop in house many of the capabilities that were covered under the Javelin consulting agreement. Other professional tasks will still be handled by contractors, but those more local to the Aero business. We wish them nothing but success, particularly in the company’s efforts to build value for shareholders.
Whenever a Javelin client develops to the point that it no longer requires our services, we take the time to analyze a number of factors, including our internal capabilities, and come to a decision as to whether Javelin will take on another client or focus our efforts on our existing client base. We are currently evaluating these factors and will move forward accordingly.
What I can say without reservation is that we are devoting a great deal of time and effort on our active clients, Green Globe International, CLX Medical, Inc., and ActionView International, Inc. These are all very important clients, and we are extremely optimistic about their respective futures. I expect there to be significant news regarding each of these companies over the next several weeks, and I will take the opportunity to discuss these announcements in this forum after they are made public.
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