Dear Gerry, I know you have been a holder of lumacom from significantly higher prices and you are an avid follower of the stock.
Could you explain why of the 13 or so signs(conservative)that LUM has announced it has deals in over the last 4 years only 3 have ever eventuated??
Still no news on this one .......Read it carefully not only does Lumacom say it has 4 signs for new york tied up but it also states it has another deal in the states tied up....
1- Major Order for US Market Thursday, 12 June 2003 11:15
LUMACOM LIMITED 2003-06-12 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ Lumacom proudly announces today that it has received its first major order through its New York based joint venture partner, the Totius Group ("Totius"). The joint venture agreement between Totius and Lumacom was announced earlier this year.
The order is valued at US$900,000 (approximately A$1.4 million) and in addition will earn Lumacom advertising revenue under a joint advertising contract share arrangement as part of the agreement between Lumacom and Totius. Details of the advertising contract are commercially confidential at this time. However, revenue income to Lumacom will be in the order of A$2 million per annum under a term contract.
This order comes on the heels of negotiations continuing for major New York based buildings for Lumacom signage. The details of these advertising revenue share contracts are to be announced shortly.
The Company’s Managing Director, Rodd Sala, confirms that he is hopeful the first LumaSign will be installed by "November 2003" , and confirms that Number 4 Times Square is the only skyline site approved by the City of New York for electronic signs of this kind.
Whatever happened to this deal...
2-LUM Eyes Expansion Into Major Overseas Markets Tuesday, 26 February 2002 11:44
LUMACOM LIMITED 2002-02-26 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ MEDIA RELEASE
LICENCE AGREEMENT SIGNED WITH MAJOR TAIWANESE ELECTRONIC SIGN MANUFACTURER
Lumacom Limited (ASX Code: LUM) the Perth based owner and developer of the revolutionary Luma Sign LED based signage system today (Tuesday) announced that it had signed a key US$150,000 (approx A$295,000) Licence fee Agreement with Inwood Industries Co Ltd of Taiwan.
3-Only one sign is in perth...the first one they built...what happened to this one??
Another LumaSign Destined for the Perth Skyline Monday, 3 September 2001 10:54
LUMACOM LIMITED 2001-09-03 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ ASX RELEASE
Lumacom is pleased to announce the receipt of an order from its Australian non-exclusive Licensee for "chip modules" for a 40 square metre LumaPanel sign. This order underscores the Company's manufacturing licensing strategy as part of the Company's world-wide commercialisation plans and represents the first of a number of similar orders anticipated from the Licensee.
The LumaPanel sign is destined for a prime West Perth roof-top location and will be similar in technical specification to the recent BGC roof-top installation in The Esplanade, Perth (viewable from the North & South Perth foreshores and Kings Park).
Awarded Contract for one of Australia`sLargest Outdoor Signs Monday, 4 December 2000 13:23
LUMACOM LIMITED 2000-12-04 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ Lumacom Limited ("Lumacom") is pleased to announce that it has been awarded the contract to supply a large sign on the Perth CBD skyline for BGC (Australia) Pty Ltd.
The contract involves the manufacture and installation of a 4 metre high x 20 metre long, night display LumaSign on the roof of the Griffin Building overlooking the Swan River. Perth City Council approval was granted during the course of the week ended 1st December 2000.
3-Didnt know LUm had a sign in the eastern states...you tell me...does it???
Lumacom does advertising deal with Claude Outdoor Thursday, 16 August 2001 13:57
LUMACOM LIMITED 2001-08-16 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ Lumacom Limited this week finalised negotiations to reach a cooperative arrangement with long established outdoor advertising billboard company, Claude Neon (Aust) Pty Ltd (recently re-named to "Enity Group Pty Ltd"), involving Lumacom's LumaSigns.
The agreement will provide for Lumacom and Enity/Claude Outdoor to revenue share advertising income on LumaSigns supplied by Lumacom on Enity/Claude Outdoor sites.
The deal will commence with the proposed installation of a giant LumaSign to be installed at one of Enity/Claude Outdoor's prime Eastern States outdoor advertising or "spectacular" sites.
4- And one also in Adelaide...anyone seen this one???
Lumacom switches on in Adelaide Friday, 5 April 2002 17:34
LUMACOM LIMITED 2002-04-02 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ 28 March 2002
LUMACOM SWITCHES ON IN ADELAIDE AS EAST COAST PUSH GATHERS MOMENTUM REVOLUTIONARY LUMAPANEL TO BE INSTALLED AT ADELAIDE HOTEL
Perth-based Lumacom Limited (ASX: LUM) has achieved a key break-through for its LED-based visual display technology in the East Coast market, after securing an order for a roof-top advertising display using its LumaPanel signage system with an Adelaide hotel.
The order, for a roof-top display system for the Adelaide South Park Hotel on South Terrace, is expected to be followed in the next few months by a second order with the same boutique East Coast hotel chain to which the Adelaide South Park belongs. Negotiations are currently underway for this order.
5- Im sure we all remember these signs...but whats happening...once again no news...are these deals just going to be forgotten about aswell..
21 Oct 2003 13:32 LUM Istanbul Signs
4 Sep 2003 13:02 LUM More success for Lumacom in Europe
We have signs in moscow, instanbul ,scandanavia ,New york ,hong kong ,adelaide, eastern states,2 in perth etc etc....
In only know of 3 signs...2 in perth that was erected in 2000 and one in barcelona....
So Gerry....can you give the LUM shareholders some answers as to why LUM never follows through on its contracts??
You obviously have not used a stop loss on lum otherwise you would have been stopped out long ago.....you must have lost over 30% on LUM so far plus tied up your capital....you obviously are not a very prudent trader...is any of this true or will you live in denial once again??
LUM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
