Appears the company does not see it as new worthy - thank goodness they have the folks on this board to find and distribute news
How many systems does the average distributor sell quarterly? - my guess is less than one so that is maybe $70K at distributor costs which also can translate to compressed margins
Unless they are requiring a distributor to BUY demo equipment, get trained, and meet some sales goals I fail to see the significance of the agreement.
Keep reaching for "good" news but the reality is the stock is valued at .045 cents again and still no buyers.
Their are a lot of things coming down the pipe in the simulation market we could look forward to.....one being EST II. This is something we should keep an eye out for in the near future. As of September 30th the EST I bridge contract to Cubic will have ended and the the new EST II contract will be announced fourth quarter 2013....not sure if it's fiscal or Calender year though. If LM and Virtra are still communicating they should be bidding on this together. This is a major contract and a lot of work will have needed to go into this bid.....so lets assume they have been working on this for a while. I'm having a hard time finding the $$$ amount for the award so if any one knows I would appreciate it.
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