Wednesday, December 21, 2011 3:19:02 PM
I hope your holidays are shaping up to be a special time for loved ones and Christmas spirit. We are continuing to work diligently at re-vamping KCMH and launching our new model. Here are some highlights.
I am currently working with Donald Klein, former President and CEO, along with major stakeholders, to make the necessary legal moves to change our business structure to accomodate the new model. I will not overwhelm you with details but there is much to cover. However I can officially state that we are moving forward and that Donald Klein, along with other key shareholders have agreed to my new direction. In fact they have been very accomodating and completely supportive of my requests.
We have chosen the name “CVS Capital.” More on the rationale behind this name to be shared later.
Below is a graphic of the new business model. Please note that we are currently operating the first 2 phases of “Intellectual Capital” and “Vertical Markets” and generating revenue. We are using the public company for the next 2 phases “Financial Capital” and “Investment Capital.” The last 2 phases “Social Capital” and “Human Capital” will take care of themselves with successful operation of the previous phases.
As I have stated, this model is already generating revenue. My first objective was to secure a working model and ensure that is was scalable enough to warrant taking over KCMH as a publicly traded entity.
I am very satisfied with our progress so far. Our recent consulting engagements have gone without a hitch and our clients and channel partners are very excited. As stated, I now require substantial time to properly position the legal aspects of KCMH to bring this all to the next level.
I encourage you to overview the model and provide your feedback. This however does delay our official press release for the month of January. I felt that a release at Christmas time would be somewhat wasted. In the new year we plan to launch the necessary PR to satisfy our investors while maintaining proper compliance and integrity to our operating values. At the same time, I will also be introducing new members of management to demonstrate our scalability in human resources necessary to accomplish our objectives.
Thank-you for your continued patience as we attempt to build a proper foundation for success in 2012.
Sincerley,
Ed Kang
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