posted
I just spoke with Doug Hamby....(775) 324-9002
And here are my questions and his responses:
1) Have the revenues as stated in previous PR been realized?
A: There was a delay in their program because of requirements that VISA had changed in implementation of their product. This has been worked out and they are beginning their program now. Doug stated that they already have 2 BIG contracts just waiting and they will be releasing within the next two weeks. The original PR stated revenues for first half of this year, and in reality, it will be for July, August and September and the number will be greater than was stated.
2) When will the website be updated, and when might we see the next PR?
A: Doug is waiting on the developer to complete the update of the portal with the new information on their program. Again he expects that the website to be complete about the same time as the announcement of the 2 contracts... and those should be happening within the next 2 weeks.
3) I inquired about the relationship with ATCT.
A: They are working with ATCT on a few different programs. The main ones being the Debit card and the second is the VoIP systems. ATCT announced a VoIP relationship with another company, but they are for a smaller territory in Asia. ICMH expects to make an announcement about a current dealing that should complete in about 4-6 weeks with ATCT in the VoIP area.
4) I asked about financing for operations.
A: He indicated that they have private financing in place through restricted share placement. ICMH will begin the repurchase of that within 2-3 weeks and is hopeful to complete it within 6 weeks.
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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posted
So are you holding it for a few weeks then FOT? I see zero volume today. I might as well hold for a little while as long as it is not going down.
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