Mind, LUM was 94cents – Market cap of 70M without any revenue!!!, today at 2c, Market cap of 5M with solid revenue/bright future esp in China PLUS Partnering with existing Chinese Company Vertigo well positioned to pick up ongoing work in that arena as well as possible work on the main Beijing Olympics themselves could be a ripper! During the quarter Vertigo secured a contract for the initial supply of 200 notice boards to schools throughout the Shanghai Province. The Notice Boards provide information to students and teachers at the primary, secondary and tertiary schools in Shanghai and include an LED for schools use. The specialised advertising campaign initiated by Vertigo on behalf of Coke was finalised in December 06 with an excellent result for the client in Shenzhen, China. Payments for the project will be received in late January and early February 07. The Hong Kong Airport project (retail signage) was completed in January 2007 and the first of the unipoles (standalone outdoor advertising structures) for deployment onto Indian Reservation Lands on the edge of major highways in the USA was shipped in December 06 with further orders expected in the coming months.
As announced, Vertigo secured the pivotal consulting and QA management work on the Air-conditioned Dubai Bus Shelter project which it has been working on for the last 12 months. The project is expected to lead Vertigo into other projects its clients are working on in the Middle East. With Hong Kong being the centre for the equestrian events for the Beijing Olympics, Vertigo is well positioned to pick up ongoing work in that arena as well as possible work on the main Beijing Olympics themselves.
Management at Vertigo continues to work on opportunities in the USA, Hong Kong/China and Middle East and the Company will provide updates as material developments arise. Lumacom has recruited a new Regional Manager for Vertigo with extensive China media experience. In addition to the contract in Dubai, Vertigo has received its first order in relation to the Beijing Olympics. The equestrian events are to be held at the Jockey Club in Hong Kong and Vertigo has been appointed by Swiss Timing Limited (Omega) to supply the infrastructure for the first LED panel being used for the event. Vertigo has built a reputation as one of the leading LED specialists in the HK market after successfully completing landmark installations for Louis Vuitton in their HK and Beijing Flagship stores. It was this capability and quality of finish that persuaded Swiss Timing to appoint Vertigo over their traditional European suppliers. AND MORE……………………
LUM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
