developing products to protect hearing and improve listening

Creator of award winning eers custom-fitted earphones

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Message: More from the AGM video

This is the rest of what I got out of the AGM video. This is how I interpreted things that were said and anyone can submit their opinion if they see them different.

Nick said we are recognized as the best technology in the world! I beleive he meant our entire in ear product line. Out of our 50 patents, I am not sure how many have been advanced far enough to become a part of the product line, but keep them coming.

One of our products that Nick touched on was the PSAP ( personal sound amplification product). This product alone, could take over the hearing aid industry. You can adjust the amplication to what ever level you like and it will be much cheaper than the hearing aids of today. I am not sure on the timeline for this to be on market, but beleive it soon.

A reusable headset was produced for mining/industrial applications. This is excellent and will enable us to maintain these contracts plus sell more product.

Nick had been talking to 12 different companies, Skullcandy was one and a couple more are expected to sign deals over the next couple years. IMO, if Skullcandy has the hit I beleive they will, this will prompt the other companies to step up to the plate sooner.

Nick said there were 35 units sold in 4 hours when Edmonton debuted, this was excellent. I beleive he said we will be putting out 10k units per month by Sept and will be ramping that up to 20-30k by Oct- Nov when we have a big manufacturer and/or a large partner come on side. I can only speculate on who a large partner may be, but I beleive we hold the cards and can,t be taken advantage of at this point in time. This production rate mentioned above, is above what Skullcandy will be rolling out.

We have enough cash to get us through next quarter comfortably. At this stage in the game, I dont think we will be strapped for cash as other contracts will be fulfilled and we will be receiving our start of royalties. Hopefully this will be enough to carry us through til the liscencing revenue increases enough to give us the cash flow we need.

All in my opinion, unless specified where Nick said.

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