ZAGG...Redchip Presentation today....taken from Vandalviewer posting on Yahoo: (I don't know him, just passing along what sounds like positive info---a bit of "hype" from company--but positive)...
"I wasn't able to make it today but another ZAGG shareholder that I am close with was at the conference. He gave the following highlights:
1. Not much discussion regarding specific sales or EPS numbers. RP consistently alluded to the incredible growth ZAGG is experiencing.
2. RP is projecting to get 12-15 million unique website visitors this year to ZAGG.com. They had 4 million in 2008.
3. ZAGG is signing a new international distributor almost every week. This continues to be the strongest growth area for ZAGG.
4. ZAGG currently has 40 mall carts and projects to have 80 by year end (not new information).
5. The Apple apps link on the ZAGG homepage is the beginning of what RP believes is going to be very big for ZAGG. RP cited a lot of stats regarding the number of apps that currently exist, the number of apps that people actually know about, and the number of new apps being created every day. RP said that the way the Apple apps store search engine works hurts the apps that people don't already know about as it puts the most downloaded at the top of any search results and ignores the unknown apps. ZAGG is planning to bring exposure to those unknown apps which represent 95+% of all apps that have been created to date. From what I was told, RP was extremely bullish about monetizing visitors to ZAGG's site through Apple apps promotion.
6. RP said many more accessories are coming for ZAGGaudio this year.
7. RP said they are currently working through their 3rd order of z.buds that they've received from the manufacturer and they continue to sell extremely well.
8. RP mentioned several times that ZAGG is going to be a billion dollar company (annual sales) in the future. Take that for what it's worth but it's good he is aiming high.
9. RP recently attended a Best Buy convention with 1,000 Best Buy employees and 30 of Best Buy's biggest/best vendors. ZAGG was one of those 30.
10. RP mentioned that they are moving into the healthcare space by creating shields for expensive medical equipment. RP said this was a good full-margin business for ZAGG.
I shouldn't increase my position any further at this point but my colleague who attended the meeting today is planning to buy more based on what he heard today."
AI
