Now here's the e-mail and their reply! Florida Dear Richard,
ImageXpres is not considering any reverse split in the near or medium-term future. The dilution referred to was in fact a result of the Company's need to fund several large product sales launches, that require substantial cash to accomplish the landing of several major sales contracts, plus other needs related to growth of the business. The total shares outstanding as of 9-15-06 was just over 634 M SHARES.
There will be IMJX shareholder updates and a full accounting of operational results for full-year 2006, along with aggressive sales revenue,and earnings projections going forward into 2007, 2008, 2009. IMJX management believes The Company will be very successful with sales of several key products / services areas, based upon our current product strengths, and competitive advantage in the marketplace.
Our best days are right ahead of us, and with quantitative results will come a stock price uplift.
We hope to announce certain sales results in the very near future, along with several key distributor relationships regarding the LitePix Digital Displays/ Signage and iPrint Kiosk product line.
If the company needs to implement additional funding to accomplish its goals, additional dilution, but substantially reduced in incremental OS totals, could result. Virtually all incremental capital raised by the Company is being used to place units in market trials that will lead to major sales results.
Overall, IMJX management is committed to increasing all shareholder value, and anticipates new shareholders coming in at higher market prices.
Thank you for your email, and support to date, and we look forward to major results in the very near future, along with a marked increase in IMJX stock price and capital valuation.
John S. Zankowski
President, CEO
ImageXpres Corporation
(585) 325-5078
P.S. No one is ignoring shareholder requests for information, but the ability to provide rapid responses to ( many ) people, is often impacted because of limited resources needed to run the company. You will have to understand that management is working on the right things to increase shareholder value, including improved dissemination of relevant information.
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From: "Richard and Eileen Lepre" <elepre@surfglobal.net>
To: <jsz@imagexpres.com>
Subject: ATT. John S Zankowski Reg. some shareholders concerns:
Date: Wed, 20 Sep 2006 12:39:39 -0400
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Hello John. After half a dozen attempts to get some questions answered by your p.r. people, someone posted your personal e-mail adress on our message board. Several things are in doubt regarding just what's going on behind the scenes at IMJX. We all seem to know that there has been a dilution of shares recently. What we don't know is, has this selling of company shares finished? If it has, is there any more dilution in our immediate future? Just how many outstanding shares do we have at present, and is the company considering any kind of reverse split ? With this stock very inactive of late, and the share price hovering near our yearly low, don't you think it would be a good idea to issue some sort of corporate update at this time, in order to keep shareholders confidence up when we need it most? It certainly would help clear the air, and probably even attract some "new" shareholders, which we badly need! Any response you can give me regarding some of these questions, will be greatly appreciated. Respectfully, Richard Lepre, Boynton Beach, Florida
