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Monday, July 09, 2012 11:14:18 AM
Wallach explained Newey's relationship thus:
Newey and Shenzhen Envision are one of the same. What I mean is, they are owned and operated by the same group of people. We do not think of them as different entities, regardless of their respective structures. They are our exclusive supplier/factory of several of our current programs. Capstone Lighting HK has been formed as a mechanism to jointly pursue International Business. This is a recent development that Gerry has been working on for several months. The particulars are still in discussion stages only.
What did he say?
While Newey/Shenzhen appear to already be marketing quite a bit of product overseas, it is very difficult to find any revenue accounted for in any CHDT financial statement.
Follow the Money? - Lots of Luck!
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident. - Arthur Schopenhauer (1788-1860)
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