posted
Looks good here. First 0.001, then 0.003 base, then 0.0045 base and now trying to form a base around 0.006. Short term target : 0.01 Long term : 0.10 to 0.15
It manufactures cars (Microcars to be precise) in Sri Lanka and other regions...
Posts: 1134 | Registered: Apr 2003
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Centrex, Inc. Expands Contract with MicroCars to Include Right to Sell Vehicles to International Buyers Business Wire - November 9, 2006 9:08 AM (EDT)
SAN DIEGO, Nov 09, 2006 (BUSINESS WIRE) -- Centrex, Inc. (Pink Sheets:CTXI) today announced that it has extended its contractual relationship with MicroCars, Ltd., a Sri Lankan company, to include the right to coordinate international sales, marketing and exports of MicroCar vehicles to buyers outside Sri Lanka. A previous agreement signed in October gave Centrex the exclusive right to market the MicroCar assembly and manufacturing process internationally. This new agreement expands Centrex's sales and marketing agreement to include individual vehicles on a nonexclusive basis.
Stated Jeffrey Flannery, CEO of Centrex, Inc., "The ability to coordinate sales and exports of MicroCars makes sense for Centrex, as many of our initial inquiries from foreign entities are to export vehicles before a decision is made on committing to building a plant in these countries. This allows us to create relationships that could lead to the implementation of the assembly plants once the buyer has become more familiar with the MicroCar vehicles. This is also good for us financially as Centrex will participate in a profit sharing arrangement with MicroCars for all cars exported through our efforts."
Established in 1995, MicroCars, Ltd. is the only automobile manufacturer in Sri Lanka, featuring a line that includes a sedan, a coupe, a minivan and a four wheel drive pickup truck. Created by Dr. Lawrence Perera, who was previously with BMW and Volkswagen, MicroCars offers a cost effective system for assembling quality cars using local labor and available local materials.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of CTXI are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future CTXI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and CTXI has no specific intention to update these statements.
posted
It has still not formed a steady base at 0.006. I hope it does that this short week and goes beyond 0.01 in December....
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posted
Hope it fell enough till 0.0035. Showing strength today with good volume of 11m so far. At 0.0042
Posts: 1134 | Registered: Apr 2003
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