From the subsidiary's public board 5/6/10:
Shareholder/poster question----Sounds good. When will you be able to clarify how and if JBCInc is currently recognizing any revenue (e.g., fees for service, etc.). I think you are revenue-sharing with IN (any $$$ so far?) and likely charging a consultation service fee to SCTWT (if so, how much?). TIA
CCAJ CEO's answer---We have not recognized any revenue to date,nor have we expected to at this point.At present the only potential draw on the company are the resources I utilize from my own funds which I expense to get things done and my salary of which both are in accrue mode at present.Just for the record our target co's are those that are not looking to rack up corporate debt and are start up/developmental stage in nature.SCTWT generates enough revenue to sustain operations and grow the business year over year,they've been doing so since they began.Matter of fact they are now branching out utilizing televised hunting shows on cable and or satellite to advertise the business.They have a data base with 1000's of hunters in it that have hunted on their properties over the years.
I expect the exposure they are courting now with respect to certain shows on TV and hunting shows across the country to expand their business in a large way.Just do the math on $300 per day per hunter with the rifle deer season alone being 5 months long and boar hunting all year long.Most to all states have a rifle season that dwarfs South Carolina in length.Not to mention bag limits in most states are usually 1 buck per season.South Carolina allows 2 deer per day through out the season.These 2 factors draw hunters from other states because in those other states hunters sit and watch hunting shows on TV while they could be hunting in SC.The lodge has the capacity to house up to 15 hunters daily comfortably.It is situated on 30 acres with 15 acres cleared,so additional hunters can and do park trailers and or campers to sleep in.Expenses are broken down in bulk given the way the lodge operates with respect to mortgage, housing,food,guides and land lease payments.IMO volume added is profit made
The revenue sharing agreement with respect to "IN" is based on Ceo interviews we bring to "IN" and that is it.To date we have not focused on that aspect of "IN" as of yet."IN" is working on a an addition to the site that will imho set them aside from the other sites in the space."IN" is another company we feel comfortable with, being the need to seek funding and rack up corporate debt is not on the agenda to operate.
On all deals we do we are looking for a minimum of 20% of the target company at the time they file a registration with the Sec.We will also have signed consulting agreements with our clients for certain consulting services going forward after the registration is deemed effective.This is how and when revenue will be derived for both CCC and CCAJ.I am talking with other co's and entities some of which compliment relationships with certain co's I represent now.Diversity is the key to profitability imo..
