Here are some highlights and my comments (bold)
from 10/28/11 for you people that don't like to
read filings:
The Company authorized 100,000 shares of preferred
stock, and currently all 100,000 preferred shares
issued are issued to the Company’s CEO, Alex Wiley.
Each share of preferred stock has special voting
rights, whereby each one (1) share of preferred stock
is entitled to vote as ten thousand (10,000) common
shares at a meeting of shareholders or for any matter
whereby the common shareholders are entitled to vote
under Nevada law.
These preferred voting rights (1B votes) and
Alex's 52M share votes gives him majority control.
In first quarter 2006, the Company purchased certain assets of
Safeguard Alarm and Guard Services, a TN security corporation,
under an Asset Purchase Agreement, whereby the Company acquired
their assets including the firm’s security alarm accounts (54 totalaccounts), client list, marketing, TN licenses, goodwill, and accounts receivable.
The Company absorbed and maintains this business today, with
several ongoing paying client accounts. Revenue from this business is included in the Company’s gross income totals, and currently represent less than 10% of the total gross income.
3. Kiddie Watch™:
The Company’s Kiddie Watch™ system is an ignition-based,
voice-enhanced alerting system, designed for car seats and
back seats, for any vehicle, specifically targeting the consumer
market. The Company has spent substantial time and resources
in developing this new product, which will be sold at retail to the mass consumer market of parents with small children. The product is compact and easy to install, yet high-tech and extremely effective.
Parents will not be able to leave the vehicle without being prompted to de-activate the system where the baby or small child is located, thus ensuring that no child can be abandoned in a vehicle, which could cause injury or even death due to hypothermia or heat stroke.
The Company plans on launching this consumer product by 3Q 2012.
The Company has already seen a sharp increase in inquiries
and orders from centers in Louisiana, New York, and Palm Beach County, FL, and anticipates that demand will accelerate in 2012 and beyond.
As such, the Company projects $372,155 gross sales for 2011,
$3,232,150 gross sales for 2012, and $9,112, 787 gross sales
for 2013, with the advent of the Kiddie Watch™ consumer product, designed for car seats which can be used in any vehicle.
Odd that projections are not rounded
AI
