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IBZT This week sales begin on lazer keyboard
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[QUOTE]Originally posted by Purl Gurl: [QB] Neo, I see some real problems with numbers. Ibiz currently reports cost of sales as being one-hundred-seven percent. Last year losses, just over six-million dollars. Assuming this news release to be truthful, Ibiz has a lot of competition. Their cost of sales will have to be cut in half, minimum, and they will have work with a thirty pecent minimum gross profit on keyboards. This will be really tough to overcome a six-million dollar loss, tough to break even, at that. If it is true they only have five employees and little infrastructure, how will they cut cost of sales in half? Should Hong Kong beat them to the punch? Appears Hong Kong is a wholesaler offering these keyboards worldwide. They appear to be a really huge corporation which suggests a lot of retail contacts and customers. Overall, I see a market for Ibiz so small, they have little chance of being profitable. If these other companies "wine and dine" retailers better, Ibiz is out to lunch, at McDonalds. Your thoughts? Purl Gurl [/QB][/QUOTE]
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