Wireless Matrix Corporation WSMXF

Q1 Results

[99921]

The numbers and discussion paint a picture, for me at least, of a classic turnaround situation. They are reviewing their product range and will spin off anything that doesn't have significant potential for WRX. They are admitting that past marketing strategies were not working and are hiring people to move them in a new direction. Hiring a new CFO is a real plus. It sounds like the Schlumberger initiative did not pan out and will be phased out over time. All presented in fairly simple English with a minimum of buzzwords. I continue to like what Carlson is doing and certainly hope it works out for him and WRX. The real challenge is to come up with some significant orders that will prove the product has potential for future growth. The Sears experience continues to sound positive. A couple more of those and the stock market will take notice. The next two quarters will tell the tale.