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Kool Aid Man

01/08/14 4:45 PM

#108278 RE: Turbo_69 #108275

Only problem is IZON has no plant, no employees and no market as of yet. As far as I know they've not yet posted the security bond and provided the letter of credit demanded by Seminole County Commissioners. They demanded this in exchange for a $400k incentive to open a factory in Lake Mary, FL that will employ 400 people for a minimum of 1 year.
http://articles.orlandosentinel.com/2013-09-10/news/os-izon-3d-tv-seminole-20130909_1_incentives-tvs-televisions

http://articles.orlandosentinel.com/2013-09-06/news/os-izon-lake-mary-seminole-county-20130906_1_lake-mary-longwood-company-incentives

http://www.bizjournals.com/orlando/blog/2013/09/seminole-county-approves-400000-izon.html

If IZON can't pony up someone else will steal the market. The story you cited is from a source in India. I suspect they're already on it.