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Prostar Holdings Inc V.MAPS

Alternate Symbol(s):  MAPPF

ProStar Holdings Inc. is a geospatial technology company that is a developer of software-as-a-service (SaaS)-based solutions. The Company is engaged in providing precision mapping solutions and geospatial intelligence software, which is designed to enhance the management and maintenance of the asset lifecycle for asset-centric industries. The Company’s PointMan product is a cloud and mobile software application. PointMan provides a precision mapping solution that provides the ability to capture, record, display, and manage critical infrastructure in real-time, including roads, bridges, railways, pipelines, and utilities. The Company operates in one reportable segment, providing Geospatial Intelligence Software for asset-centric industries. Its Solution enables real-time access to precise location information on what lies below the earth's surface.


TSXV:MAPS - Post by User

Bullboard Posts
Post by ripantuckon Feb 17, 2012 5:47pm
274 Views
Post# 19552304

Corporate update NR

Corporate update NR

Wrote to several Directors today and received an immediate reply from Gerry Graham who was traveling.  He indicated that he was setting up a meeting with Paul McKenzie, hopefully on Monday, to create a PR.

With any luck we should get a PR, updating drilling and other plans as well as updating where they are with respect to revenue and where they predict they may be in the next few months.

Hopefully, they will also discuss their current cash position and cash needs as well as financing plans if needed.  I don't know where they are with respect to current revenue stream and anticipated growth of revenue, but keep in mind that if they really are at $450,000 net revenue per month and growing, they may be able to finance anything they need using short term debt.  They have VERY little corporate overhead.

Anyway, I am an optimist on this company.  Unless something big went wrong, I can't imagine anything but massive growth in SP once a few investors see their current situation. Hopefully, we will see next week.

Rip

Bullboard Posts