InvestorsHub Logo
Followers 13
Posts 1538
Boards Moderated 0
Alias Born 12/20/2004

Re: DonLeopoldo post# 1562

Monday, 09/29/2008 7:27:57 AM

Monday, September 29, 2008 7:27:57 AM

Post# of 18385
The "contract" is something you need to read before throwing out meaningless numbers. It is between EYI and a Chinese company. HydroFlo was busted and it's CEO fined and sanctioned for using the $210M figure in the same way you have. It is not their contract. They were to manufacture and provide Code Blue to the company that had the contract. And the terms of the contract between CEIEC and EYI have expired. If you are counting your riches, you had best leave Code Blue out of the calculations. It's dead. Here is an excerpt:

EYI Industries, Inc. Signs Chinese Agency
Agreement With CEIEC
BURNABY, British Columbia, (September 26, 2005) - EYI Industries, Inc.
("EYI") (OTCBB: EYII) (http://www.StopDrinkingPoison.com), a marketer of
products that promote well-being and a healthy lifestyle, is pleased to
announce that it's wholly owned subsidiary Essentially Yours Industries
(Hong Kong) Limited, has entered into an agreement for the sale of an
undisclosed number of Patented Code BlueTM Water Filtration Systems
over a 2-year period with China Electronics Import and Export South China
Corporation ("CEIEC") through its wholly owned subsidiary.

Subject to the provisions of the agreement, CEIEC may purchase up to an
estimated $US 210 Million worth of product as per the following Purchase
Plan:
Fiscal 2006 ($US 42,000,000)
Q1 = $US 700,000
Q2 = $US 2,800,000
Q3 = $US 14,000,000
Q4 = $US 24,500,000

Fiscal 2007 ($US 168,000,000)
Q1 = $US 31,500,000
Q2 = $US 38,500,000
Q3 = $US 45,500,000
Q4 = $US 52,500,000

Under the terms of the agreement, EYI will issue an Exclusive Agency
Certificate to CEIEC, thereby granting CEIEC the exclusive right to
distribute the Code BlueTM Water Filtration System throughout China for a
period of two (2) years. In order to maintain exclusive agency rights in
China, CEIEC must purchase a minimum of $21,000,000 in product in each
of the years 2006 and 2007.
CEIEC reserves the right, upon reasonable
notice, to increase, or decrease, the number of Code BlueTM units that it
purchases under the Purchase Plan, based on its evaluation of market
demand in China. CEIEC will commence purchases under the Purchase
Plan commencing in October 2005, and will place subsequent purchase
orders on a quarterly basis.




Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.