CTLE - RFID tags & on-line Auction...
** Leaders of the Agriculture Industry running the company.
** Auctioning Livestock/Cattle electronically is a simple idea that could easily transform livestock transactions much like eBay affected retail. Its time is overdue.
** Tracking Cattle/Livestock is necessary and soon to be mandatory via new regulations - Mad Cow disease is only one reason, but a big one.
** CowTek is an established company that is currently selling the tracking and information solution - now the technology will be backed by larger staff and more active promotion.
** Hi-Tech RFID tags with information that stays with the product (cattle, other livestock) is the solution to the problem.
** Sound share structure of company - acquisition deals reasonable and add significant value.
** RFID tag tracking technology has many other applications and company indicates they will pursue those.
** New company that has very high potential.
** Company is making 2 acquisitions that give it a great shot at being the leader in livestock tracking solutions - a huge untapped industry.
1. The Cattlesale Company Signs Letter of Intent to Acquire CowTek Inc. - THURSDAY, MARCH 11, 2004 1:15 PM
2. The CattleSale Company to Acquire Equity Position in IDComm - Thursday , April 22, 2004 16:56 ET
“The proposed transaction has an expected close date of May 1, 2004”
** Outstanding shares = 20.3 mil, Authorized shares = 50 mil.
Also have RFID plans for other industries -- “...presently is developing programs targeted at six industries. Two of these programs are designed for maintenance and identification systems using RF Tag technology and one program is designed for large values used extensively in the power generation and refinery industry. Large equipment companies, such as farm equipment and trucking concerns, also have a need for this type of ID and maintenance record-keeping capability. A specific product for the shipping industry is being developed using the SmartWare(tm) technology to replace the Bill-Of-Lading paperwork, which will modernize and streamline the import and export of products worldwide.”
AI
