Friday, May 16, 2008 2:48:34 PM
Lol nothing!!That deal never got of the ground.
How much revenue did CES make?
Sales in the quarter ended June 30, 2006, were $33,530. Sales comprising of $11,145 has been delivered to Envirostar in South Africa and $22,385 were delivered to Dr. Fresh. Although there was a $120,000US licensing fee for the purchase of a territory by Highford Holdings, the revenue will be amortized over the 60 month period of the contract. For the present quarter, sales are $17,013 and an order just sent on August 4 and arriving on August 25 is for $16,692. All sales have gone to Dr. Fresh this quarter. To fulfill the request from Dr. Fresh, orders have been shipped on an as needed basis and thus partial containers have been sent. Sales are conservatively booked and a sale is only booked after product is received by the distributor which is typically about 6 to 8 weeks from production to the customer. Our outstanding accounts payable presently stands at $334,000.
Advertising has been limited to discount coupons at the shelf level by Dr. Fresh over the last 2 years. Past production problems that have limited production have since been rectified. A supply chain with secure reliable product is now in place. Dr. Fresh will begin advertising the FlushawayTM Brand in the upcoming quarter with in-store promotions followed by a larger advertising campaign. A national US cable television advertising program will be dependent on receiving the remaining $2,000,000 from the placement announced February 24, 2006.
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