ZMGD Recap 9/23
September 22: Zamage Digital Art Imaging, Inc. and its subsidiary Paraform Design is using this opportunity to update its followers on the developments regarding the project with auto parts distributor (press release August 25, 2011).
Paraform Design is pleased to report that the project with the auto parts distributor is well on its way to meet its primary and secondary objectives, and Paraform Design has already conducted surveys at 3 locations for the company's signage needs.
The management plans to continue and expand on the current nature of this business relationship, and continue to foster growth and a long term commitment with the auto parts provider.
This company operates some 700 stores and 7,000 service bays over 35 states as well as abroad (Puerto Rico), and worth some $2 billion in annual revenues. Paraform Design expects annual revenues from this relationship to be in excess of 6 figures.
Paraform CEO Ken Olschewske stated "We are on schedule with the project and the foot is in the door with the company. The revenue is currently in six figure range, but if we continue to grow this relationship sustainably, we are looking at much higher long-term profits."
September 21: Zamage Digital Art Imaging, Inc. and its subsidiary Paraform Design announced Paraform Design was hired by a company in New Jersey to provide signage and illumination signage services for the company.
Paraform Design continues to grow and the management considers this a fairly small project, with an upside of fast completion and solid profit margins.
Company moves fast with its sales and projects, with the August revenues alone hitting 6 figure mark. Company expects to continue landing more and more contracts and delivering larger revenues and broader success to its shareholders.
September 20: Zamage Digital Art Imaging, Inc. and its subsidiary Paraform Design announce that the company has landed a contract with a company in New Jersey.
Paraform Design was hired by a company in New Jersey to provide main pylon sign and illuminated signage for the both sides of the building.
As the company continues to grow, the management considers this a small project. However, the upside of these smaller projects is the straight forward approach and provision of solid profit margins.
Paraform CEO, Ken Olschewske stated, "We are moving at great speed with our sales and signage projects. Our revenues for the month of August alone have been in the 6 figure range. We want to continue raising these numbers, landing more and more contracts, and delivering larger revenues and broader success to our shareholders."
September 20: Zamage Digital Art Imaging, Inc. and the CEO of Paraform Design Ken Olschewske address questions raised by the company shareholders regarding Paraform's current market position and ZMGD corporate issues as they stand today, September 20, 2011.
Mr. Olschewske stated, "Shareholders had been contacting Paraform and ZMGD stating their concerns regarding Paraform's current position, the sales of the ZMGD shares and, by extension, the possible sale of ZMGD shares by the company's M&A advisor, IR representatives, and other service providers.
"We are utilizing this opportunity to advise our followers that neither Paraform, nor our service providers are currently involved in sales of ZMGD shares nor is any dilution in progress. To the best of our knowledge none of the large share blocks that appeared on the market originated from the company.
Moreover, Paraform Design does not require any investment capital to run its day-to-day operations. The company is dedicated to sustainable growth and treats ZMGD as a vehicle to this growth. If a need for financing arises, it will be to expand the company, not to sustain it. If such expansion funds ever become necessary, we assure our followers that we will raise such funds modestly, without massive dilution, or damage to our stock price and followers.
ZMGD does not subscribe to OTC Markets financial posting services. We expect our Q2 financial statements to be posted with our IR's Support Site and on our corporate web site within days. Our followers will be pleasantly surprised see that Paraform has not diluted, that we represent a self-sustained entity and a company with a good and bright future and prospects.
"Regarding our subsidiary in China, ZMGD board members have had a disagreement with the Chinese subsidiary, vis-a-vis direction of the company. The China subsidiary saw dilution as a growth mechanism, which was highly opposed by the ZMGD management that stands against dilution and any such market tactics. To that end, the Chinese subsidiary will most likely be dismissed by ZMGD management, and all stock issued to the China subsidiary will be returned to the treasury.
"A new suitable merger candidate as a replacement to the China subsidiary in order to maintain ZMGD valuation is an option that we are not ruling out. Management will seek out a company of similar size and stature to allow for higher transparency with the shareholders and public.
"We are looking forward to continue working with our shareholders and we will update on all developments as they unravel," concluded Ken Olschewske.
September 19: Zamage Digital Art Imaging, Inc.subsidiary Paraform Design has been hired by a Pharmaceutical University to provide its wayfinding needs.
The pharmaceutical and science university hired Paraform Design to retrofit the interior signage throughout the campus. This contract with the pharmaceutical and science university brings revenue in excess of $150,000, and Paraform Design is moving forward with the project.
The company advised its followers about the two ways of revenue generation in the signage and wayfinding industry. First are one-time, short-term contracts with considerable revenues. Second are smaller contracts with large chain stores. Paraform expects these smaller contracts to turn into large, long-term commitments. This would deliver steady monthly and annual revenues to Paraform and ZMGD.
September 16: Zamage Digital Art Imaging, Inc. subsidiary Paraform Design has been hired by a top Pharmaceutical university to provide its signage needs.
Top pharmaceutical and Science University hired Paraform Design to build interior signage for entire campus. The challenge for the Paraform Design is to match the designs of the previous signage installed at the institution. The design team at Paraform does not see this as an obstacle and the company is moving forward with the project. This contract with the pharmaceutical and science university brings revenue in excess of $150,000.
Ken Olschewske, the CEO of Paraform, stated "As our followers can see, we are walking two lines of sales with our signage and wayfinding business. First are the contracts like these, with considerable revenue, but only one-time, short-term contracts. The other line of sales are the smaller contracts with the large chain stores. We expect these smaller contracts to turn into large, long-term commitments and bring steady monthly and annual revenues to Paraform and ZMGD. All of Paraform's current contracts are simply just a start of something with great future prospects and steady solid revenues."