Ariel Way, Inc. (fka AWYI)

[knightkrawler]

Ariel Way - Existing 5 Year GSA Federal Supply Contract

Ariel Way's (AWYI) subsidiary G4 Government Solutions, Inc. - five-year Federal Supply IT Schedule 70 Contract by the U.S. General Services Administration ("GSA")

Expiry in Apr 2016

This is all fine and good except for this:
In April 2011, the Company conditionally acquired Government-Buys, Inc. (“GovBuys”) and G4 Government Solutions (“G4”), two companies primarily providing resale of telecom and IT products and services to the US Federal, state and local governments. In 2011, GovBuys’ and G4’s US government sales revenue exceeded several million dollars.

The "Condition" was a pay-off to Gary Block that hasn't happened, therefore the revenues are not Ariel Ways until the "conditions" are met...The above the information comes from the letter to shareholders...
http://www.arielway.com/docs/Ariel_Way_Shareholders_Letter_030612.pdf