posted
Interesting news! I hope this next P/R can back this information below? Read Below and offer feedback.....
Dear Shareholder
Thank you for your inquiry. I have been traveling the last four weeks and have been unable to respond in a timely fashion and for that I apologize.
We are indeed moving forward with a relationship with MicroCars in Sri Lanka. The initial basis of that relationship was set forth in a press release several weeks ago which talked about a Letter of Intent between Centrex and MicroCars. We are finalizing the details of that arrangement and those details should be issued to the public very soon.
MicroCars was established several years ago in Sri Lanka as the first automobile assembly manufacturer in that country. It is now an established operation and has been producing new cars for a few years now. When I came across the company during my travels a year or so ago, I was deeply impressed with the operation and the people who had so diligently put it together. It was clearly a successful business and a model that could be replicated in other developing countries that wanted a quality, low cost vehicle that could be manufactured domestically, employing citizens and teaching them new, valuable skills.
The web site for MicroCars is being revamped and should reappear within the next day or so.
With regards to Centrex, Inc., you may be aware that I took over this company about 18 months ago and have been working to bring new business into the company which would give Centrex a new direction and new value for the shareholders. This is not a process that happens overnight. I believe strongly in MicroCars and the people who have developed it to date. I think there are tremendous opportunities, but bringing these opportunities to fruition will take time and patience.
The stock price has fallen lately and I believe that is mostly likely due to some old debt holders who have notes with the company prior to my taking over as CEO. They are converting those notes as they are eligible to do.
I will do my best to keep you informed through the web site and press releases as soon as I have new information available.
Thank you again. Jeffrey Flannery CEO Centrex, Inc.
Posts: 2 | From: New Jersey | Registered: Oct 2006
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posted
I have had success contacting the Sri Lanka Chamber of Commerce and parent company of Micro Cars. I will submit parts of these emails for view. it seems like a done deal? I just can't undertstand why Flannery hasn't posted the press release???
Dear Mr. Will XXXXXX
Noted your contents, and confirm that we have already signed up agreements with Centrex. Mr. Jeff Flannery's press release is based on these agreements.
Warm regard Dr. Lawrence Perera Chairman / CEO
----- Original Message ----- From: wilmorxxx*yahoo.com To: <lawrence*trans-mec.com> Sent: Friday, October 13, 2006 4:21 AM Subject: Important Question about Micro Cars LTD?
ayoni*chamber.lk wrote:
Hi Will, attached is a mail from Micro Cars, copying a mail sent to you by Centrex CEO. Hope you are in receipt. However, I trust this confirms the relationship between Centrex & Micro Cars.
Cheers! Ayoni (Ms.) Ayoni Waniganayake Senior Assistant Secretary General The Ceylon Chamber of Commerce Tel : +94 11 2326096 (Dir)/2380156/2433148 Fax : +94 11 2449352 www.chamber.lk
Subject: Re: Information On Micro Cars LTD? To: wilmorxxx*yahoo.com CC: ayoni*chamber.lk From: ushantha*chamber.lk Date: Wed, 11 Oct 2006 11:19:13 +0600
Dear Will
Pls find the contacts of Micro cars and their web for your reference.
Dr. Lawrence Perera Chairman/CEO
94 773667650 lawrence*trans-mec.com Mr.Guha Shankar Director Marketing
94773667652 guha*trans-mec.com web - http://www.trans-mec.com ( unavailable for a couple of days due to an update)
Posts: 35 | From: Pennsylvania | Registered: Sep 2006
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Just an FYI and my honest opinion. Keep an eye on it? I am not making promises, but am certain with all the recent information provided, if you can enter at this level, you will make a nice profit! I bought in at (0.012) 3 weeks ago. It had reached 0.0165 at that time. When the final agreement is signed, this could very well run to 0.02 quickly. At least for my sake and current situation I hope! I wish I never seen this stock until now......!
Posts: 35 | From: Pennsylvania | Registered: Sep 2006
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