1.We will follow up with actual sales figures in approximately 15-20 days.
2. Within 15 business days we will be updating our financials to have them current, and have our outside counsel issue an Opinion Letter on our Disclosures and Financials to receive Pink Sheets Preferred Status.
3. We will update the investing community in the next 20 days via a National press release on the joint venture deal with a second product line.
4. Our manufacturer has costed the product and we should have preliminary samples ready within two weeks. After they are approved for sale to the public we will announce our deal.
Note: The product was sold nationwide via, infomercial, major retail chains including Wal-Mart, CVS and Walgreen's and historically reached total volume of 45 million dollars over a seven year period. The patent owner is unable to produce the product and CXAC believes that with our Internet marketing network we can revive the line with minimal effort. The gross profit margins on this product based upon the historical data exceeded 65% on an annualized basis and the market cap for the product line exceeds 175 million dollars.
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.