Happy Monday all. So last week I sent Denneis another email expressing my disappointment in not hearing back from him and getting some pictures from the show. As I assumed they were very busy which we investors should see as very good.
He finally did email me back as follows. This short note would be suppostive for those looking to hold KLGE for the duration to reap reward;
"Robert,
I am sorry I was too busy to put out a press release last week. I honestly tried, but when I finished the show and meetings I got to bed no earlier than 2am each night. The good news is we had meetings with several large retailers. Some will try to bring in our product within the 1st Quarter others will wait for the 3rd Quarter. Press release to come out next week. I am trying to formulate them now, and get them over to our PR person for editing.
Dennis Gentles CEO
Klegg Electronics, Inc 6320 Mcleod Drive. Suite #3 Las Vegas, NV 89120 888-465-5344 X711 www.klegg.com"
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According to a report I got from someone who was at the show KLegg's 40 inch LCD TV Media Center/Vista is the only one of it's kind now. The booth was packed for at least the 2 days they were there, and this product was getting a lot of interest. Along with the Genesis line. I don't know about who will have what in the future and at what price.
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Klegg Electronics Launches Three New Genesis Products At 2007 CES Show Tuesday January 16, 10:30 am ET
LAS VEGAS--(BUSINESS WIRE)--Klegg Electronics, Inc. (Pink Sheets:KLGE - News), announced today that they unveiled three new additions to their "Genesis" product line at the 40th annual International CES Tradeshow in Las Vegas, NV. The new products included the next generation Klegg Genesis Internet Enabled flat panel 40" and 46" LCD TVs with an embedded Windows XP chip that allows viewers to surf the net, check e-mail and access their digital media files. The suggested retail cost will be $2899 for the 40" TV and $3599 for the 46" TV. ADVERTISEMENT
In addition to the Genesis Internet Enabled flat panel LCD TVs, the Company introduced a Genesis Vista Home Entertainment Media Server and a Klegg Genesis V-12 Portable GPS Media Player. The new Vista Media Server features standard CE device outputs including HDMI and Optical, a Blu-ray Burner, optional expanded onboard storage of three terabytes and will retail starting at $2999. The Genesis Portable GPS Media Player is three and one half inches long and weighs only one and a half pounds; the state-of-the-art System features door to door voice navigation, plays digital video and audio MP3 files and offers optional Bluetooth wireless technology. The portable GPS media player will retail at approximately $299.
Klegg Electronics launched its new "Genesis" line of flat panel televisions, speaker systems and Klegg mini MP3 and MP4 players earlier this year. The new Genesis products feature the same quality components as the Klegg Platinum Line of high-end high-performance products but are geared toward a broader consumer electronics market with lower pricing and greater retail distribution www.genesisbyklegg.com. Prior to the launch of Genesis, the Company's primary channel for distribution of its products was high-end specialty retailers and custom installers.
The Company recently entered into a joint development agreement with a research facility in Taiwan. The new agreement will allow Klegg to reduce development costs and time to market and still offer Genesis customers the same next generation technology that Klegg's high performance Platinum Series is known for.
Dennis Gentles, CEO of Klegg Electronics said, "We believe that our ability to provide consumers with quality, value and cutting edge product innovation will help to build the new Klegg Genesis brand into a leader in the $21 billion consumer electronics market." He added, "The new Genesis products attracted over 2,500 visitors to Klegg's CES booth and the positive response was overwhelming.
About Klegg Electronics, Inc.
Klegg Electronics, Inc. (Pink Sheets:KLGE - News) is a manufacturer and distributor of high quality consumer electronics focused on designing a variety media and entertainment products that work seamlessly together for today's automated smart homes. Kleggs' product line includes ultra thin vibrant Flat Panel TVs, state-of-the art Media Servers, Home Theater Audio Systems and MP3 and portable media players. Klegg distributes its high-end home electronics through specialty stores and custom integration dealers nationwide. The Company recently launched the KLEGG GENESIS line of moderately priced TVs portable electronics in the 1st Quarter of 2007. The corporation is headquartered in Las Vegas, NV. Learn more about Klegg Electronics at www.klegg.com
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Klegg undertakes no obligation to update publicly any forward-looking statements.
Contact: Klegg Investor Relations Mike Jacobs, 888-465-5344 ext. 750
-------------------------------------------------------------------------------- Source: Klegg Electronics, Inc.
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posted
Here is link to a Klegg video from their website. It is a rather large quicktime file. Also the second link is pictures from the CES show. http://www.klegg.com/KLEGG_VIDEO_ONE.mov
posted
This stock is a POS in my opinion. Great products, yet they cant get them in stores or sell them...holding just because Im down pretty big, otherwise id normally cut my losses
-------------------- Disclaimer: Not accountable for anything I say
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Here's my post from page 1 of this thread. I think it's appropriate:
I've been in and out of this a few times over the last 10+ months, and everytime I was sure THAT would be the time it finally caught on. Good luck to anyone in it, but until I see some HUGE buying pressure, and jumps in the price, I don't see a reason to get too excited. People have been yelling "Get in before it's too late" for the entire 11 months that I've been here, and the price has declined the entire time.
quote:Originally posted by stocktrader22: This stock is a POS in my opinion. Great products, yet they cant get them in stores or sell them...holding just because Im down pretty big, otherwise id normally cut my losses
posted
I'm telling you, this is like the hundredth time that I've seen people get excited for news, have it pop because of (I assume) a low float, and then just slowly drop back to where it started when peole who bought high get sick of holding.
It SEEMS like it should take off, but for some reason, it just never does.
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quote:Originally posted by PCola77: Here's my post from page 1 of this thread. I think it's appropriate:
I've been in and out of this a few times over the last 10+ months, and everytime I was sure THAT would be the time it finally caught on. Good luck to anyone in it, but until I see some HUGE buying pressure, and jumps in the price, I don't see a reason to get too excited. People have been yelling "Get in before it's too late" for the entire 11 months that I've been here, and the price has declined the entire time.
quote:Originally posted by stocktrader22: This stock is a POS in my opinion. Great products, yet they cant get them in stores or sell them...holding just because Im down pretty big, otherwise id normally cut my losses
The fact of the matter is they JUST got a distributor 3 weeks ago.
These things don't happen overnight.
I agree with you Pcola that this was way overvalued all last year and the company failed to produce reasonable results.
Do I think its undervalued now...Yes
I still feel that this has the potential to become a big winner within the year.
I am holding long. I know thats scary for a pinkie but I have the capital to do so.
This is not an overnighter by any means.
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quote:Originally posted by Jo4321: Anyone think microsoft VISTA coming out might give this one a boost?
NO question...IMO
Please visit Klegg-USA and Genesis by Klegg to view more products
All items manufactured by Klegg through
Klegg Media Center Television
The World's first IP controlled Microsoft Vista Media Center
...Vista will not be broadly available till Jan.30. That's very up-to-date
Do everything your Windows XP PC can do – and a whole lot more. Save all of your digital content and distribute it seamlessly. Experience unlimited entertainment by downloading movies, TV shows and music from the internet. Use your favorite DVR functions such as pause, play and record for live TV or play DVDs. Additionally, you can burn recorded TV to DVDs or CDs. Best of all the Klegg Media Center TV is housed in a beautiful brushed aluminum chassis that’s sure to complement any corporate or home decor.
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KLGE: Strategic Partnership w/MobiNote Technology Corporation of Taiwan 08:36 a.m. 02/12/2007 Provided by
Ridgeland, MS, FEB 12, 2007 (EventX/Knobias.com via COMTEX) -- By Fain Hughes, fhughes*knobias.com
Klegg Electronics, Inc. (KLGE) announced that they have entered into a strategic partnership with MobiNote Technology Corporation of Taiwan. Under the terms of the agreement, MobiNote will provide research and product development resources, manage Klegg's Taiwan sales office and market Klegg's products to their network of distributors in Taiwan, and China.
In addition to expanding Klegg's sales and distribution capabilities in Asia, the new partnership will facilitate product innovation and new product development while reducing time to market and containing development costs. MobiNote will also assist Klegg in expanding oversees distribution of the Company's new line of Klegg Genesis products launched in the US earlier this year.
KNOBIAS DISCLAIMER: All statements made in this article were made by the Company and do not in any way reflect the opinions of Knobias. Knobias is not a registered broker-dealer, nor investment advisor, and does not endorse or recommend any securities mentioned. This story is provided for informational purposes only and is not intended for trading purposes. Knobias shall not be liable for any actions taken in reliance of any information provided herein. Republication or redistribution of Knobias content is expressly prohibited without prior written consent of Knobias.com, LLC.
ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information.
If your company wishes to participate in the EventX newswire, please contact Knobias: http://www.knobias.com
Klegg Electronics, Inc. Negotiates a Multi-Million Dollar Revolving Trade Credit Line with Ashford Finance - Freeing up Capital for Strategic Klegg Marketing and Advertising Monday April 23, 6:00 am ET
NEW YORK--(BUSINESS WIRE)--Klegg Electronics, Inc. (Pink Sheets:KLGE - News), announced a powerful relationship with Ashford Finance, a specialized finance company based in New York. The company has granted Klegg an initial five million dollar revolving credit facility which will free the company's working capital for important marketing and advertising use. In addition, there is a provision in the contract for continual credit line increases as the business needs warrant it. ADVERTISEMENT
Ashford Finance provides creative short-term transactional financing for importers, exporters and other short-term borrowers. Ashford specializes in all aspects of Trade Financing from providing Purchase Order Financing of up to 100% of cost, addressing all the Letter of Credit needs of its customers, to Factoring and financing of receivables.
Ashford Finance is issuing this credit line to Klegg Electronics since Klegg has shown strong capabilities with their breakthrough electronics technology. The Klegg Genesis line of convergence and portable electronics caused quite a buzz at this year's 2007 International CES show. The premier product in the Genesis line is the first High Definition Flat Panel Television built with a full Windows Vista computer integrated inside. Its sleek design and functionality is the epitome of convergence technology.
"We are delighted to have this new relationship with Ashford Finance," says Dennis Gentles, Chief Executive Officer of Klegg Electronics. "This credit line allows us to get the Klegg message out - which is of utmost importance since we have one of a kind much sought after offerings which need to be known about in this competitive marketplace."
For more information about Klegg Electronics, go to www.klegg.com
About Klegg Electronics, Inc.
Klegg Electronics, Inc. (Pink Sheets:KLGE - News) is a manufacturer and distributor of high quality consumer electronics focused on designing a variety media and entertainment products that work seamlessly together for today's automated smart homes. Klegg's product line includes ultra thin vibrant Flat Panel TVs, state-of-the art Media Servers, Home Theater Audio Systems and MP3 and portable media players. Klegg distributes its high-end home electronics through specialty stores and custom integration dealers nationwide. The corporation is headquartered in Las Vegas, NV. Learn more about Klegg Electronics at www.klegg.com
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Klegg undertakes no obligation to update publicly any forward-looking statements.
Contact: Klegg Electronics, Inc. Mike Jacobs, 888-465-5344 Ext. 750 investor*klegg-america.com
-------------------------------------------------------------------------------- Source: Klegg Electronics, Inc.
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