maybe. rereading of first letter to shareholders f
Post# of 3844
Posted On: 06/09/2014 2:45:43 PM
maybe. rereading of first letter to shareholders from this april:
The result of this decision was necessarily a de-consolidation for 2013 for accounting purposes. However, that did not negate or eliminate the business development opportunities achieved by our team in China nor did it slow down our progress in China and our investment in that market --- much to the contrary, we remain not only committed but we believe our approach of investing into significant and administrative systems will be our advantage in gaining superior market expansion. The revenue generated in China is substantial and is expected to continue to grow at very rapid rates. Our decision merely changed how we accounted for it in 2013. Our work is on-going and we expect significant, continued brand development in China and internationally – and at the same time, we will benefit from our work to date with improved systems, controls and agreements. The support from our managers in China has not wavered and we have reviewed our business development opportunities in great detail as we work on our plan to meet growth and other targets announced for revenues in excess of $50MM for this year. Paramount is our commitment to remain 100% compliant and to ultimately up-list for the benefit of our Shareholders. We recognized the need for changes in management controls in the China operations, and to meet those needs we appointed our Senior Vice President, Dan Feeney to oversee the eVOLVE Group. We expanded the involvement of our new financial and accounting team, supported by our commitment to adopt a state-of-the-art, fully compliant, multilingual, and cloud-based accounting software solution. These systems and these disciplined processes, will continue to be expanded as we grow and pave the way for our expansion. I remain highly confident that we are on track to accomplish our 2014 goals. Our company will continue to expand, and our commitment to tapping into the great opportunities available in China remains steadfast. With the fastest growing economy and the largest demand for e-waste solutions and ecologically advanced technologies, China represents the single greatest opportunity for growth for EWSI with opportunities created by our strong and talented business development team in that market. We are committed to business development and to utilization of a leasing program under the eVolve Group as a key part of our growth strategy
The result of this decision was necessarily a de-consolidation for 2013 for accounting purposes. However, that did not negate or eliminate the business development opportunities achieved by our team in China nor did it slow down our progress in China and our investment in that market --- much to the contrary, we remain not only committed but we believe our approach of investing into significant and administrative systems will be our advantage in gaining superior market expansion. The revenue generated in China is substantial and is expected to continue to grow at very rapid rates. Our decision merely changed how we accounted for it in 2013. Our work is on-going and we expect significant, continued brand development in China and internationally – and at the same time, we will benefit from our work to date with improved systems, controls and agreements. The support from our managers in China has not wavered and we have reviewed our business development opportunities in great detail as we work on our plan to meet growth and other targets announced for revenues in excess of $50MM for this year. Paramount is our commitment to remain 100% compliant and to ultimately up-list for the benefit of our Shareholders. We recognized the need for changes in management controls in the China operations, and to meet those needs we appointed our Senior Vice President, Dan Feeney to oversee the eVOLVE Group. We expanded the involvement of our new financial and accounting team, supported by our commitment to adopt a state-of-the-art, fully compliant, multilingual, and cloud-based accounting software solution. These systems and these disciplined processes, will continue to be expanded as we grow and pave the way for our expansion. I remain highly confident that we are on track to accomplish our 2014 goals. Our company will continue to expand, and our commitment to tapping into the great opportunities available in China remains steadfast. With the fastest growing economy and the largest demand for e-waste solutions and ecologically advanced technologies, China represents the single greatest opportunity for growth for EWSI with opportunities created by our strong and talented business development team in that market. We are committed to business development and to utilization of a leasing program under the eVolve Group as a key part of our growth strategy
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