Hey, they tried to panic longs but the buyers kept coming back and bidding again. It's not pretty, but we have 2 green days in a row.
The significance of today's PR is that it shows follow through on the West Coast Ops, and that David Quach is really going to help do this....
"We have been negotiating with David for quite some time and we're honored that he has accepted his new position," said Dobrinsky. "Because of David's vast network as well as his experience and expertise in international business affairs, we believe it is quite feasible that this relationship could represent as much as $10 million in additional business in 2006. This would be a result of business services offered through a combination of Logistics Management Services, Warehouse Management Services and Transportation Services. We also expect that this will do more than just help fill the facilities we currently have, but in addition, it will help us expand into areas that we do not yet service. Frankly, the addition of David puts Cargo Connection Logistics into a whole new league."
So remember, yes this year's sales will come in around 18 million dollars, but will next year's sales be about 28 million dollars. Ok, maybe they miss projections, let's hope for 25 million dollars!
Will that be enough for them to become profitable?
The question is, what will be the Catalyst for the move back over .01?
I believe it will be a firm CONTRACT announcement for NEW BUSINESS from the Far East with David Quach connections.
When? Load up here and put it aside, will pop one day like GZFX did and like CRGO did before, and like PRGX did today.
