Klegg Electronics Inc (KLGG): Investor update on Klegg..Spoke to IR pe...

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STRONGUS

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Thursday, 05/11/2006 9:43:26 PM

Thursday, May 11, 2006 9:43:26 PM

Investor update on Klegg..Spoke to IR person Anthony today..

I spoke to Anthony today. Whatever he told me matches with
what he told bull2bear and more..

1) He said first quater earnings exceeded the whole of 2005. Yes..Yes..Yes
2) He said distribution agreements are being worked in european countries
where the penetration of apple I-pod is not much
3) To my pointed question about circuity ciry or best buy, he mentioned based
on their best judgement, it will be a better idea to tie up a leading musical
retailer and than electronic outlets. He said the one they are working to
put distribution agreements are the nation's best.
4) He did not rule out electronic retailers also. He said they are working
on distribution agreement with a huge electronic retailer in UK(read europe)
5) He said they made a profit yes profit!! last quarter
6) He said no dilution cause no need
7) He said company will let not down loyal investors
8) He did mention taking phone calls eat a bit of his time smile

9) They are focusing on buidling a nice company with niche products
10) Other countries (did he say India?!)are on radar too(Huge Huge)
11) The recent promotion with entertainers is well received and megastore
is also big hit. He mentioned tourists from europe who visited the megastore
are very impressed and tjhat basically driven Klegg to look european tie up
12) Financials will be released any time and PRs on distribution will be released
once everything is finalised to perfection. They have no need to pump because they are not diluting shares for money unlike other companies.

Friends, After my conversation with him, I am more confident than ever
before with the prospects of KLEGG.
Please feel free ask questions. Spread this message to other boards you
are all participating in. I will stand by each and every word mentioned
in this message.
God Bless America!

All posts are only my opinion and are not buy or sell recommendations.