News Details – Smallcapnetwork
Feature: C-Chip on Track to Increase Revenues
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February 2, 2024

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Dow Jones 10377.95 -3.33 3:30 pm PST, April 14, 2004  NASDAQ 2024.85 -5.23 For info, visit access.smallcapnetwork.com S & P 500 1128.17 -1.27 To be removed, please click here Russell 2000 582.02 -3.81 VOLUME 04: ISSUE 27  Feature: C-Chip on track to increase revenues. Stephane Solis, President and CEO of C-Chip Technologies (OTCBB: CCHI) is excited.  The telematic company's Shadow, Hawk and Credit Manager devices are selling very well. The company's distribution network now exceeds 10 partners with frequent inquiries for more alliances. Distributors are bringing substantive business to the company with more and more fleet owners (and others) looking to use tracking devices to locate and monitor their automotive assets.  Investors are also starting to recognize C-Chip's value. The shares rose to $1.07 last week as volumes swelled. With the pullback to the low 80- cent range, we firmly believe that this price level represents an excellent entry point for investors to continue or begin accumulating shares. Investors will have to wait until May 14th for release of C-Chip's 3rd quarter numbers. That said, the company's progress to date bodes well for a good quarter and, as the attached Press release states; "Over the past few months, we have implemented measures that are expected to continue having a major positive impact on our revenue." The Shadow Knows... While the aforementioned products have seen good interest and sales, the Shadow 100 appears to be the leader at the moment. A GPS tracking device, the small wireless gizmo allows fleet owners, rental car companies and any other automotive concern to have two-way communication with their assets. Interesting that of the three products noted above the Shadow is the best seller as well as the most expensive. That said, once purchased, there are no ongoing fees for the Shadow as it is a pay-per-use product. Options can be added to the Shadow, such as the Hawk device itself, to ensure complete anti-theft capability as well as location and monitoring for a total security solution. For vehicles equipped with the Shadow, a complete device access history is housed on C-Chip's Secure Data Management Center (SDMC). The Shadow can be accessed throughout Canada, the US and Mexico with new global locations being added. Protection of assets--particularly automotive--has been at the forefront of C-Chip's business plan. Its devices allow the kind of real-time monitoring that ensure payment, allow financial institutions to extend loans to an individual with compromised or bad credit; thereby significantly increasing sales with markedly diminished capital risk to the lender. More is better... C-Chip has noted constant requests each day for monitoring through its proprietary SDMC as fleet managers and other customers keep tabs on the location and condition of their vehicles. Referral business and expanded relationships with established clients has, and will continue to extend C-Chip's influence throughout both the automotive and luxury consumer goods markets. Also apparent is that a financial institution, credit grantor or insurance company would be remiss in their fiduciary duties not to employ tracking and monitoring devices to ensure security and timely payment of financed items. The plans that C-Chip put in place when we first Alerted the SmallCap readership last November appear to be coming together nicely. Products are selling well, distribution alliances are growing and inquiries for potential new business are ongoing and increasing.  We look forward to C-Chip's 3rd quarter report on May 14th. Welcome to... With the hiring of Richard Palmer as VP of Sales, C-Chip will be able to further expand and focus the company's sales effort to seize upon and expand new opportunities. Mr. Palmer's extensive technology pedigree is impressive and is included in the attached Press Release. As C-Chip has continuing plans for more innovative products and substantial R&D, the commitment to build a sales force will allow the company to turn new product initiatives into sales with all speed--along with the attendant growth in revenues. For a young company, 2004 appears to setting up very well--and profitably-- for C-Chip and its shareholders. We expect more announcements to come both on the corporate and product side. We strongly believe that investors should ensure that at these share price levels, at least an initial position in the company is secured for the significant growth that is currently unfolding throughout 2004 and beyond.   Press Release C-Chip adds senior management to manage and maximize the business opportunities ahead April 14, 2004 - C-Chip Technologies Corporation (OTCBB: CCHI) is pleased to announce the recent appointment of Mr. Richard Palmer as Vice-President of Sales.  Mr. Palmer is a seasoned business executive with a wealth of expertise in sales and business development in the communications industry. Mr. Palmer has been hired to manage and maximize the business opportunities that C-Chip foresees ahead.  Until recently, Mr. Palmer was the co-founder, President and CEO of Bedford Communications, Inc., a Florida company that launched and marketed to cable operators the International Football Channel, a Spanish television channel dedicated to soccer. Under his leadership, the IFC recruited 4.5M subscribers. Previously, Mr. Palmer co-founded Cable Satisfaction International, Inc. (CSII), a public company listed on the Toronto Stock Exchange providing cable, Internet and telephony services in international markets. Today CSII has become the second largest cable operator in Portugal. Before CSII, Mr. Palmer was the founder and President of Audio-Sat Services, Inc., the first Canadian company to provide digital audio to cable operators. The company was later sold to the Weather Channel. In the early 80's, Mr. Palmer was Director, Eastern Canada, for Canadian Satellite Communications (Cancom), a public company providing TV signals to cable operators in remote areas. Mr. Palmer was in charge of all sales activities for Cancom in Eastern Canada.  Robert Clarke, Chairman of C-Chip, indicated: "We consider ourselves privileged that Mr. Palmer has chosen to join our team.  With Mr. Palmer joining our team along with our recent breakthroughs in product development that we have recently achieved, we are extremely confident about our future."  Stephane Solis, President & CEO of C-Chip stated: "Over the past few months, we have implemented measures that are expected to continue having a major positive impact on our revenue. This is the combined result of our acquisition program as well as shipment of our existing line of products. Our distribution network has been increased significantly and we have been filling orders for our Shadow, Hawk and Credit Manager lines of product."  About the C-Chip Technology The C-Chip is a new wireless, web-based set of communication tools that offers business users remote access, control, and monitoring of a wide range of assets, including vehicles, office equipment and industrial machinery. It allows selective enabling, disabling and other commands at will, from anywhere to practically anywhere in North America using the Internet. Applications for the C-Chip technology offer significant opportunities within the markets for credit, security and asset management solutions. Detailed information on the technology and its applications is available on our web site at www.c-chip.com. About C-Chip Technologies Corporation C-Chip Technologies Corporation is positioned in an emerging and rapidly growing industry which is about interconnecting machines with IT infrastructures and mobile assets. We integrate wireless communications, on-line transactions, software applications, RFID technology, the Internet and when location is required, GPS technology to enable business users to efficiently access, control and manage remote assets at low costs. The Company's goal is to be recognized as a leading provider of credit management solutions for financial institutions, of security solutions for insurance companies and asset management solutions for car rental companies and urban fleets.   Contact: Stephane Solis, President & CEO C-Chip Technologies Corporation 877-339-2447 ssolis@c-chip.com FORWARD-LOOKING-STATEMENT: Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties, including the effect of changing economic conditions, competition within the credit and security industry, customer acceptance of products and other risks and uncertainties. Such forward-looking statements are not guarantees of performance, and C-Chip Technologies Corporation results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release, and C-Chip Technologies Corporation undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.   We Value Your Feedback Got comments, questions or suggestions? Send 'em on over: Editor@smallcapnetwork.com If you wish to send a written request or inquiry, please send it to our physical address: TGR Group, LLC 3525 Del Mar Heights Rd #334 San Diego, CA 92130 Unsubscribe Here D I S C L A I M E R : The SmallCap Digest is an independent electronic publication committed to providing our readers with factual information on selected  publicly traded companies. SmallCap Digest is not a registered investment advisor or broker-dealer. 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