*CEO STEVE BERMAN CALL IV*
Same as previous calls, looking for clarity on latest PRs and future.
Q What can you tell me about the FORD FLEET meeting?
A Meeting went as well as I could have imagined. FORD FLEET would never give anyone a large order without making sure everything works out for them technically, and that their clients expectations are met. The government has specifically asked them to help with the distracted driving epidemic. Both FORD and FORD FLEET are now aggressively putting things in cars to protect people from themselves. FORD FLEET has also been asked by their clients to find a way to track their vehicles at all times, to make sure vehicles are being used for business only. In 3 months we will get feedback about how they would like to implement our tech nationally or globally.
Q You mentioned to me previously that FORD FLEET had us sign an NDA. What did that cover?
A Price, client names and implementation plans.
Q You mentioned a 15000 SF manufacturing plant we locked up the rights to in Kuala Lumpur. How are we going to pay for that?
A I have financing in place for *ANY* PURCHASES we have before us.. anything that can be collateralized but stock shares.. The main repayment method for this financing is a loan against RECEIVABLES. That is NOT the only plant we are looking at. We have our eye on plants in WYOMING, MASSACHUSETTS and NY. Same financing structure if any of those pan out.
Q Does this mean there will be NO MORE DILUTIVE FINANCING?
A No, part of the CO DOMICILE process is clearing the debt from our books. Ive negotiated large discounts with all our creditors who came before my tenure here, and the remaining amount will have to be paid down with shares, BUT THAT WILL BE THE LAST DILUTIVE FINANCING THIS COMPANY WILL SEE. The financiers I have locked up do not finance debt repayments which is why this was the only way out. I need every dollar I get to reinvest in the company.
Q Speaking about the CO DOMICILE process, where do we stand today?
A I can finally say, that all is done to be able to file with FINRA next week, and then its up to them how long it will take for approval. I can also tell you that there will be a BIG ANNOUNCEMENT next week, AND NEW WEBSITE WILL BE OUT BY 9/15
Q Any update on the ONLINE SHOPPING WEBSITE sales? Its been a few weeks.
A We actually began selling on 8/12 as they had a problem setting us up initially. We are up to roughly 20-40 units a day selling there and growing FAST. I will also have GOOGLE sales updates next week.
Q Anything new with MAYORS office in SAN ANTONIO?
A I should have a phone call with the MAYORS OFFICE today at 11:30 AM. There is a hurricane over there so it may be moved but we will see. Call should cover feedback from city council and date when it will go up for a vote.
Q Anything on FLETCHER JONES?
A I have a conference call with them next THURSDAY to discuss. Theyve been testing units.
Q Anything you can say that you havent mentioned yet?
A Plenty. I am heading to EUROPE 9/7 or 9/8 for big meetings with automakers, dealers and extended warranty companies in GERMANY, FRANCE, HUNGARY and BRITAIN. Also expanding to cell phone service providers as well.
In OCT I will be going to ASIA to meet with cell phone service providers to sell the APPS in stores where people buy phones directly. We are also going to expand into the FLEET business. I have meetings lined up with UPS and PSEG for OCT. We have been concentrating on dealers recently, and now looking more to FLEET business.
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