First American Scientific Corp. (fka FASC)

[Net-Man]

rj2 - Interesting post and I too have seen many of the same types of pre-quals in use from both sides of the coin. The fact is though, FASC has a one of a kind product that presumably cannot be duplicated. That would make an interesting situation for pre-qualifying any sales. If a buyer were nervous about the transaction (and who wouldn't be), there are other ways to make certain everything is as expected. I have personally used letters of credit for off-shore purchases. They may be a bit more complicated than writing a check, but they also add a significant security factor.

As TR noted, the machines are basically paid for through the deposit. Personally I like the business model that Cal developed. There are not costs to the company upfront and the profit needs to be banked before the machine is released to the customer. It strikes me as a low cost way to conduct business. Your point regarding high wages and benefits was not lost on me either. That's another sore spot!

fwiw,
Net-Man