..."As a result, PWI was visited by the company's CEO last month, as an element of their due diligence investigation. Advisors had already selected the ARC System over competitive technologies. The purpose of the visit was to assure themselves that PWI possessed the technological and management expertise needed to meet the requirements of a nationwide telecom installation. Their concern was understandable, as final plans call for the deployment of four ARC Systems at a cost of $20-30 million each, plus the cost of the terrestrial infrastructure." PLFM @ 3 cents a share !
quote:Originally posted by Retirement: Words from the shareholders newsletter:
..."As a result, PWI was visited by the company's CEO last month, as an element of their due diligence investigation. Advisors had already selected the ARC System over competitive technologies. The purpose of the visit was to assure themselves that PWI possessed the technological and management expertise needed to meet the requirements of a nationwide telecom installation. Their concern was understandable, as final plans call for the deployment of four ARC Systems at a cost of $20-30 million each, plus the cost of the terrestrial infrastructure." PLFM @ 3 cents a share !
Phase One has just been completed and a Press Release is due to be posted to describe the terms of the other phases.
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