IPO - UUV Aquabotix Ltd, page-417

The distribution agreements have been signed recently. Give the management time to execute on their plan. They forecasted $1 mil plus in revenue for this year and they are on track to deliver that. I think in another 6 months the sales volumes will be significantly higher. The purpose of the IPO was to expand the sales and marketing team, hire guns such as Ted Curly and co, build inventory and develop systems and process to prepare the company for large scale volumes - hence the work done with Cirtronics. All the fundamentals in place now. Next year will be the one when I expect the company to really ramp up sales. While it sucks to be down 60% , patience will pay off.