CEO reiterates significance of CML investment.....
If DION's share price rises nicely over the next year or two, investors will not be able to look back and say there were no signs/indications/hints of what was to come. The comments from DION's CEO definitely suggest he believes the involvement of CML will eventually have a pretty dramatic impact. I think there is a distinct possibility in the next 1-2 years of seeing some type of merger/acquisition or perhaps some significant licensing deal, joint venture, or alliance with an Asian company.
The commentary sections of the last two press releases......
1) "We consider ourselves quite fortunate to have become associated with CML, for several reasons," Kravitz explains. "First, their financial strength puts a safety net under our Company, an invaluable asset in these difficult times." "Next," he continued, "that same financial strength, combined with their confidence in our technology, will permit us to more aggressively explore new products, new opportunities for growth and even potential strategic acquisitions that may become available, here and abroad." "Finally," he concluded, "their well-established marketing and manufacturing contacts in Asia, and particularly in China, provide us with entree to significantly larger markets for our leading product, PV MOSFET-Drivers." In closing, he then added, "In a year or two, we could look like a very different Company."
2) Moving to "still more upbeat news," Kravitz pointed out the "undeniable importance" of the recent $440,000 investment in Dionics by Central Mega Limited, a British Virgin Islands company. "Their support," he explained, "far outweighs the significance of any short-term quarterly fluctuations, regardless of how severe. Their funding not only puts a safety net under our company, but it also permits us to more aggressively pursue new product enhancements and to even seriously consider strategic merger opportunities." He continued by explaining, "The CML Asian contacts, particularly in China, offer the promise of increased foreign sales for our PV-MOSFET-Drivers as well as prospects for other growth-targeted relationships. It is hard to overstate the future benefits that may eventually stem from this new CML investment," he concluded.
