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Armada Data Corp V.ARD

Armada Data Corporation is a Canada-based information and marketing services company. The Company is engaged in providing real-time data to institutional and retail customers, through developing, owning and operating automotive pricing-related Web sites and providing information technology and marketing services to its clients. The Company’s segments include Insurance Services, CarCostCanada, and Information Technology (IT) Services. The Insurance Services division is engaged in the sale of total-loss replacement vehicle reports to Canadian insurance companies. The CarCostCanada division is engaged in the sale of new car pricing data to consumers primarily through the Company’s flagship Website www.CarCostCanada.com and reselling of new car pricing data to qualified third party vendors. The Information Technology division supplies Web and email hosting, technical support and network support services (for both internal and retail users) and the resale of hardware and software solutions.


TSXV:ARD - Post by User

Bullboard Posts
Comment by Ducky11on May 28, 2014 4:23pm
126 Views
Post# 22607169

RE:RE:Plant shutdown

RE:RE:Plant shutdownIn case you forgot, here is the reason from April 30, 2014- four weeks ago
-Hello oggy,

We are currently assessing the costs and logistics of plant upgrades to allow the facility to produce bulk wort (unfermented beer) in large volumes for two (2) national suppliers; we believe this product division will add a complete full time second shift to the operation. In the meantime we are waiting for a significant purchase order from Home Hardware that is expected late this week or early next week….until such time, I felt it prudent to cease production on smaller orders as we built up significant inventory reserves in March and have laid off the production staff to save money until the April orders are received and compiled.

I trust this explanation is satisfactory……

Regards,

Jim Matthews
Armada Data Corp
Read more at https://www.stockhouse.com/companies/bullboard/v.ard/armada-data-corporation#XHpEU31FjY2iJfzE.99
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