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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.
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