After reading the last market update this company is at the start of big things, currently has a cash balance of over $3 million a market cap of $14 million and is cashflow positive with good news in the coming month as stated in the market update. See the below highlights
HIGHLIGHTS
• Sales of circa US$450,000 for nine months ended 30 September 2009 (ex. licensing royalties)
• Three production facilities now fully operational
• UL (United Laboratory) certification in progress, opening access to US markets soon
• Delivery of re-worked prototype of Military Spec Unit targeted for 2010
• Exciting pipeline of new products to be developed over next 12 months
And this should boost share price, November is only days away.
Both models have received CE approvals and are now in the process of having water testing
performed by local authorities in order to receive water certificates in each country. The
company expects to receive these approvals by the middle of November 2009, which would
pave the way for sales in the region.
And this will be huge
The attainment of CE certification – a mandatory conformity mark (see below) applied to most
household electronic goods indicating compliance with key health and safety standards – was a key
milestone for the company earlier this year. The certification has opened up a myriad of western and
African markets for Island Sky®.
Island Sky® will also obtain the equivalent certification from United Laboratories (UL) (see below) to
enable it to access US markets. The company has been working closely with UL and is confident of
securing the certification. Once the UL certification has been secured, Island Sky® will be able to
begin selling its products in the United States, opening up a substantial market for the company.
All this after a failed takeover attempt at 45 cents a share.
Well worth a think at these levels
After reading the last market update this company is at the...
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