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Message: News about Holocom

News about Holocom

posted on Jun 14, 2007 10:43AM

I recently wrote to Holocom and told them that I was a PTSC shareholder. I mentioned that I had been checking their website and hadn't seen any new information. I asked if they had any good news to share. I was surprised to get a reply e-mail from their CEO. Apparently the original recipient of my e-mail thought that Mr. Burns should be the one to respond. Below is that response: FYI...he copied Mr. Pohl and Mr. Turley on this response

I am not a regular poster, however, I wanted to share this with everyone.

LS

Thank you for your interest in SSDI dba Holocom Networks.

The way our business works we have a continuous flow of orders going on. The news that we are waiting approval to announce is that we have entered into a long term Distribution Agreement with ANIXTER, a leading distributor of electrical and communications products worldwide. Under this agreement they have become a most favored company from a pricing standpoint. We are also negotiating a second agreement with a different leading distributor that we hope will come together in the next few weeks.

Our sales continue to rise, following the foreclosure sale and start up of the business. We have risen to roughly $300,000/month currently and hope to take that revenue number higher in the next few months. However, we sell most of our products to the US Government, and that market is a bit unpredictable. If sales continue to trend upward, we should remain profitable for the balance of the FY. Still, our numbers are quite small in relation to Patriot overall, so they may not rise to the level of materiality in the overall scheme of things.

I remain committed to run the business as best we can, with a single goal of generating a profit each and every month as we grow. While this cannot be guaranteed, you have my assurance that all of us here are working diligently to make this investment by Patriot pay off well.

Sincerely,

John M. Burns

CEO SSDI Holocom

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