Replies to post #150896 on World Surveillance Group Inc (fka WSGI)

[rwehapi2003]

Good point about the IR. They have engaged PR firms in the past, but nothing that stuck long term. It would have been nice to see some sort of PR summary of the year in review and Argus progress. They are going to need to do something to sustain a .01+ shareprice otherwise it is back to the Pinks due to the new trading rule. Maybe they feel the only PR's that need to be shared involve closing deals and not necessarily the day to day stuff at least until the time when a sizable order comes through to put us on the radar.

[Madmonks]

I thought I remember someone posting a while back that they contacted Google about our airship program. So, maybe WSGI is on their radar -- who knows? As IndyJones keeps harping on, the company is trying to build substance. Without substance, we won't gain interest from Google or any other company, and we won't, and haven't, received favorable terms for funding.

I just have few comments about the 10-K:

I was disappointed that the company missed my scaled back revenue target of $2 million. Actual revenue was $1.8 million. But I was pleasantly surprised by the improvement in margins.

Cost of Sales. Cost of sales includes satellite phones and accessories, airtime, usage fees and shipping costs sold by GTC and aerostats and mast based systems sold by LTAS. Cost of sales increased by $479,418, or 58%, from 2012 to 2013. Gross profit margins increased from 8% in 2012 to 30% for 2013 reflecting increasing website retail sales, changes in product mix and higher airtime sales by GTC.

I'm also extremely disappointed in how long it took GTC to get up and running on Amazon. The following was taken from the company newsletter dated March 13, 2012:

During 2012, GTC plans to recruit a global sales team to aggressively market our range of customized tracking devices, satellite communications equipment and other offerings. GTC also expects shortly to be introducing its products and solutions through additional sales channels such as Amazon, eBay and other online retail sites, as well as pursuing sales through the U.S. General Services Administration ("GSA") Schedule Program. The GSA Schedule Program enables billions of dollars in federal spending and helps eligible users, including all branches of Federal, State and Local governments, more easily meet their procurement needs.

According to the 10-K, Amazon sales didn't commence until the final month and a half of 2013. Sales through Amazon, so far, have been good. Too bad it took so long.