First and foremost, I would like to thank all the Company’s shareholders for their continued support. The Company has done its best to keep up with shareholder emails, but has been unable to respond to every one. I would also like to apologize for the time in-between “President’s Corner” updates and look forward to updating it on a more regular basis.
I wanted to take this opportunity to provide updates on some important goings-on here at Interact Holdings Group.
The Company is in the process of restructuring a large portion of its debt which was incurred in 2006 by previous management. The current terms of the debt can be found in previous filings of the Company which can be found at www.PinkSheets.com or www.OTCBB.com. The Company believes if the terms of this debt can be restructured into a more productive terms, the Company will experience a period of growth in the Company’s PPS. This has been a nagging issue for the Company, which we believe we are near finding a long-term solution to.
The Company has also received inquiries about its joint venture with Solar Masters Inc. The partnership includes developing, building, and marketing a solar-powered lighting solution for sites needing quiet, portable, and non-fume producing lighting solution. The possible sites include construction, festival, and road-work locations.
The joint venture with Aisle Sentry includes the use of Interact Holdings Group’s LED products in conjunction with the existing Aisle Sentry product line. The Company also views this as a positive inroad to providing LED lighting for the grocery store market segment. If Interact Holdings Group were able to supply LED lighting for all the stores Aisle Sentry is currently in at the end of 2010, it could add well over $1 million USD in additional sales for the Company.
Several inquiries have been made as to the status of the Company providing financials. Unfortunately, their completion has taken longer than anticipated. The Company will post the financials on its website immediately upon the final copy being sent to the company from its accountant. The Company changed accountants earlier this year in an effort to clean up the financials from previous management and make sure the Company’s financials would meet the standards required for filing with http://www.PinkSheets.com
Interact Holdings Group Inc. would also like to to take this time to say Happy Earth Day and lets all do our part to make the world a greener place. One of our employees created this short video and we thought it would be a good thing to share today as we all only have one earth to live on. (View Video)
Thus far, 2010 has proved to be a productive year at Interact Holdings Group Inc. and we anticipate the remainder of the year to continue to be fruitful.
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