RE: RE: Where's the Bids?Hey Mic,
In regards to your question, they did discuss production at the AGM. For 2011, they were able to secure production for 35,000 units. Keep in mind that this does not include production for licensees i.e Skullcandy.
For 2011, the number is 400,000 units with current partners. Sonomax also has a team in China as we speak, who are working on securing a deal with the Chinese for manufacturing. This will increase production to levels far greater than those i stated above.
Also, there was alot of positive news on the industrial side. Australiasian's CEO was at the meeting. More and more companies are looking for hearing protection, as their employees all lose their hearing by the time they retire. They spend incredible amounts of money on protection i.e gloves, glasses, earplugs, etc. He went into the details and it's really quite shocking. Now that we have the V4, and it can fit the masses in 4 minutes, the interest and demand for our product is out there. Deals are in the works here too, and this is a huge market with alot of earnings potential. We already have alot of huge contracts out there that are being serviced i.e Coca Cola, BHP Biliton, Rio Tinto and the list goes on and on. This part of the business excited me alot as well - the potential here is endless! Sonomax's web stretches out across the world and really is a global company.
Again, when you get the chance, watch the meeting on video - There's so much more detail in regards to numbers, projections, etc.
wjf