Conference Call Review:
Ok guys bare with me as this is going to be a long one LOTS of news in this call....
Highlights by Frank
Good - April attended wine show with great success and has placed wine in stores and hotels
-2nd quarter revenues are more substantial than Q1
-Currently in 500 stores focusing in another 250
- have finished delivery of products to 16 out of the 46 Vanguard stores and looking to penetrate more Vanguard stores in the future
-Developing market plan for Chef Garlic in the U.S. and have already sent taste samples to various brokers.
now for the Bad
- Downgraded to yield due to a non acceptable letter made by attorney and are now hiring the new attorney firm to do due diligence on operations of GDHI in China. That's the only thing which is not that bad if you think about it...
Now for News
First of all for all of those wondering about the TV Show Interview Frank had it postponed because there were some events happening in China which Frank wanted to include in the video such as the BK chips as well as other events.
-GDHI Symbol change to CFSC to happen within a couple of months
-PR about BK Chips coming out soon it is being reviewed by a BK attorney at the moment
-Chef Garlic to be placed in the U.S. between 4-6 months time frame.
-Starting to look into penetrating the markets outside of Beijing and is acquiring help from Idaho Potatoe in marketing
-CA88 wine selling better than the Spanish label wine from Frank
-Frank and Cesaer holding a total of 900,000,000 shares personally between the 2 of them
- Private placement of 600,000,000 shares by an Investment firm not 1 person... still holding on to a "large amount" according to Frank
-there have not been anymore additional issued shares besides the Private Placement
I asked about the amount of containers YTD, in the PR a while back the goal was 8. Currently they have completed 5, just cleared out 3 of them recently Frank said that they will make the goal of 8 containers.
I also asked about the profit of $100,000.00 - $150,000.00/Container Frank said that some containers are filled with snacks and others filled with canned goods which obviously the snacks don't profit as much as canned goods but averaging close to those amounts (couldn't get an actual number)
Notes:
Q1 Profits was NOT reflective of the total 500 stores but closer to 300 stores.
Current Political issues are NOT affecting GDHI's performance or operations.
GDHI currently has over 100skews which they try to put all of the products into super markets and have their products DOMINATE shelf space.
Some products don't sell as well in convenient stores however, those products are replaced with others by GDHI which have better selling opportunities.
GDHI currently has 12 employees and 4 delivery vehicles which are CARS not trucks due to beijing laws (illegal to drive vehicles longer than 20ft) they will be acquiring another car next month.
Goal of $1,000,000.00 in sales is looking to be "Very Difficult" in the words of Frank and said that the goal was like an NFL Team setting the goal to win the Cup however Frank still believes that the goal will be met by year end 2010.
GDHI IS looking for companies who are trying to get their products into China through GDHI's Channel of logistics however
alright I think that's about it, if I missed anything then feel free to add it in. Everything is looking good still and we should be seeing PPS increasing over the next few months hold long and strong everyone.
Hope you all had a Great July 4th weekend although I am Canadian.
Thanks Stocklife
