2012 Newsletter Volume 5
The answers to the below questions were provided by Charlton Coats, CEO of Highline Technical Innovations.
1. When will the HOSS be released for sale?
2. What is the status of the EPA testing?
The HOSS UTV is currently undergoing EPA testing. It has passed the emissions portion of the testing and is now in the durability phase. The lab anticipates testing will be completed by the end of September, 2012. If the HOSS passes all tests as anticipated, HTI will then implement its marketing strategy. However, no time frames will be released until testing is fully completed and passed.
3. What roles will each company play in the venture?
HTI retains the exclusive manufacturing rights to any product that AHS sells. AHSG is the sales and marketing arm. All orders for the Hy-Impact Series of products channel through AHS.
4. The PR mentioned that Mel Robinson and Charles Foster had been bought out. What are their roles with the company now?
The Joint Venture, entered by HTI and AHSG to form AHS, secured all remaining interest of founders Mel Robinson and Charles Foster. Neither of them have a position or role in HTI. Mel has agreed to a limited consulting role with AHS in which he provides technical expertise and support only at the company’s request. Neither he, nor Charlie Foster, hold any position of authority within AHSG, AHS or HTI.
5. Who were the 106 million shares that were mentioned in the press release issued to?
One of the agreements of the JV was that certain members of ASHG, its principles, would acquire an equity position in HTI. The agreed upon 106 million shares are to be issued and because ASHG principles are affiliates, the common stock issued will be restricted for 12 months in accordance with rule 144 of the SEC code.
6. Are there plans to use the profits from the JV to buy back shares?
Stock holder value has always been a priority for the BOD and management of HTI. When the financial projections of the JV are met, a share buyback program will very likely be implemented. HTI has spent a great deal of time, money, and effort in developing a superior product. The Hy-Impact series of products is the result. Shareholders will ultimately benefit from the success of this product launch led by LaunchIt.
AI
