Wireless Matrix Corporation WSMXF

News Release

[99921]

Here are my immediate thoughts after scanning this information. In my mind the company is only Canadian in a broad legal sense - management, control and its natural markets are all located elsewhere. Whenever there are compelling reasons to do so, I expect the company to move, probably to the U.S. The fast revenue growth is undoubtedly impressive to anyone that doesn't dig much deeper than those numbers. However, we long term shareholders know the story behind the numbers. My feeling is that WRX is coasting on past product sales, largely to Sears and a few others. They have lost momentum and did not have sufficient control over their marketing efforts. Carlson is attempting to turn that around. I didn't notice anything in the release about the share price performance, which is a good indicator of company success. Wed all know that part of the story, only too well.