Wireless Matrix Corporation WSMXF

Future

[99921]

Hi topcatt: This is good news all right. I am guessing that the customer is Sears given the dollar figure attached to three years of use. I always find it puzzling when they make an announcement like this without naming the customer. Sears was quite happy to be identified with the WRX product back when the initial orders were placed. Back in May WRX also announced that they had booked more business with Dominion, 400 units. Dominion is in the energy game - gas production, pipelining, power generation etc. They have also hired a new VP of marketing who sounds like a quality individual. I still believe that Carlson is doing a good job. He inherited a real mess created by previous management who relied on agents to promote the WRX products in various verticals rather than WRX doing the selling itself. Changing the philosophy and staff has been a long difficult grind. I still feel that WRX has to be seen to have been successful in selling into new vertical markets before the market will place a much higher value on the stock. They seem to be going in that direction. I have been in the stock for about six years - my only move into the tech sector when it was hot. I proved the old adage that it is never too wise to invest in something you really don't understand - that idea worked well for Buffet. So I am so far in the hole that I just review the company at year end to try to decide if I should sell it as a tax loss or hold on to see how Carlson makes out. He will have to work wonders in order for me to break even but it has been an interesting company to watch and the potential is still there.