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Thursday, August 08, 2013 7:42:08 PM
Had a long conversation about quite a few topics. He really is a great guy and he's working hard to get Eco-Safe to the next level.
I can't divulge everything on iHub, but there are a couple of things to report. Apparently, I was wrong in assuming that no PRs meant no sales. Paulo said that there have been some sales this year - nothing big, though - and that they'll likely release information related to these sales at some point in the future. It appears they're not as concerned with reporting a sale here and a sale there because they're focused on bigger things.
As for those bigger things... they're actively pursuing a number of different strategies in both domestic and foreign markets. China is a target and they've made good inroads there, but they're also exploring some new ideas on how to get their products moving in the US. Especially in California. Some of this has to do with simply adjusting the price of the units in order to make them less financially prohibitive.
They've also been busy repairing some of their previous business relationships that had gone a bit sour. Prior to the recent management restructuring, there were a few situations that were handled poorly and caused a few clients to delay or stop ordering new systems. None of this had to do with the performance of the products, however - they absolutely work.
I couldn't even venture to guess when we'll see the next press release or when they'll finally land a big sale. I can tell you it's definitely not business as usual - they're thinking like a big company and even preparing to fill very large orders when they get them.
Lastly, I expressed to Paulo that this board was the only place on the internet, or anywhere else for that matter, where ESFS shareholders can congregate to discuss the company. IHub is a great place for interested investors to go in order to investigate a particular company or to search for their next investment. Anyone who has been here long enough has seen how quickly word spreads when a small company begins to hit it's stride. I believe this can happen for Eco-Safe too, but it's going to take the reporting of something tangible such as the reporting of great financials or a large sale - particularly if it's from a well known company.
Remaining cautiously optimistic,..
-Plee
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