Wednesday, September 22, 2010 10:13:29 AM
Dear Mr. Woods,
Thank you for your email. The company is growing at a rapid pace, with additional sales in the pipeline. That said, it is our responsibility to post in our filings that the company still is not profitable. While sales are increasing, the revenues still do not yet offset operating expenses as well as research and development activities. The company is working on additional technologies to complement our current solutions. We are confident in our ability to continue to grow, as well as in our ability to raise sufficient capital toward further research and development.
Sincerely,
Alex
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM