Thanks kook, you did a great job, I will just try to add to what you have all ready posted, I also want to add my personal thoughts and feelings about the company, management ect. I trust my gut on a lot of things it has made me a lot of money in the past, and I had some strong feelings there and will elaborate later, my brother was also there with me, it takes more to impress him than me, I like his input to make sure that I am seeing things in the right light, lets just say we both left very excited,
Thursday Oct.20
My brother and I went to the dinner, it was totally first class, George Tenet was the speaker, he is very charismatic and really loves our country, he is very passionate about how we need to fight this war on terror at home and abroad. The two most important things is good men and woman and CUTTING EDGE TECHNOLOGY, Technology that works and allows the CIA and FBI to make quick decisions, and as he states it “TRAC ASSETS”, he does not mention HISS by name, but you get the idea.
Thoughts: I had the opportunity to sit next to a couple from Napa valley CA. he is a financial planner there, between him, his family and clients they control about 40 million of the float. He was telling me things that I personally can’t verify, so I will not mention them. He seems to think that the company could have One dollar in earnings in 06, take that for what it’s worth.
Friday October 21
Question and Answer Session:
I was sitting right up front, looking at the board, I asked two questions: (1) are you going to retire any more shares? No Moody says, (2) when are we going to see the CT in the Sprint/Nextel Stores? Answer: they are working on becoming a preferred provider with Sprint/Nextel, the process is ongoing. There were other questions I think KOOK covered them pretty well.
Thoughts: I was very impressed with all the Directors; I was most impressed though with Ian Riley CTO. This is a 22-year-old kid, very sharp and professional, I thought that I was hearing and looking at the next Bill Gates.
General Meeting:
Mr. Paige Siplon –MLIC
Really likes HISS the management and the products. In his own words “There is no one that is doing what HISS is doing, and believe me I have looked”: He said that if all you want is a GPS tracker you can go to Wal-Mart for that, I have looked and looked there is nothing that compares to what the CT can do, we are still coming up with new things that it can do to help with Port Security. He stated that asset tracking is the number one issue that is facing the Ports today both in the U.S and abroad. He also said the situation with the Ports is fluid and that they are still trying to figure logistically the best way to use technology for Asset visibility. He is very impressed with the white paper and fills that HISS technology answers a lot of those questions. Will make sure that the white paper gets into the right hands.
Thoughts: You get the feeling that if it were up to him, HISS would get the contract right now for the Georgia port.
General Pierre Hadji Georgiou (Pro. Sec)
He did not give a long speech, but this is what he said and I quote “I believe that HISS will be the cornerstone technology to fight terrorism in the Middle east” Kook maybe you can corroborate this but I am sure that I am right. He also said that the Quantum Sniffer is the best product that is out there, it tests in five seconds and cleans itself in 30 seconds and is ready to test again.
Thoughts: this guy is in the trenches when it comes to fighting terrorism, he made the same point as Tenet, that technology is one of the key ingredients. They need to be able to track assets, and have technology that is flexible for a lot of uses.
Bob Bennett/Spencer Geissinger
Bob Bennett got up and explained that he was taking a short leave of absence to help a congressman, but he would be back soon, and that Spencer G. would be filling in for him. They explained the difficulty in getting government contracts, but that they were dedicated to using their contacts to get HISS in front of the right people to market there products. They also said that once one government agency falls the rest would most likely fall in line, and that the States would follow after.
Thoughts: governments contracts are going to take time, their ace is the white paper this proves that it works and not just hot air.
Tim Mitchel: Actsoft
He was the most impressive speaker that was there. Frank Moody in his speech talked about the first time that he met with Tim and left that meeting mentioning to whom ever he was with, this guy has got it going on, and you can see why, this guy and ACTSOFT is the ace in the hole for HISS. He likes the CT because of its ease of use and affordability, you can tell this guy is very competitive, it is his goal in two years to have a larger client base than his largest competitor. He thinks with the CT he can. Just with this partnership alone it is going to add 25 million in revenue to the bottom line in 06, this company brings 40,000 customers paying $17.00 per month residual income right now, and this is just beginning. You can tell that Tim Mitchell is very excited with this merger.
Thoughts: you get the feeling that his sales staff can’t wait to get their hands on the CT and to start selling it.
Frank Moody
Frank did not talk very long; he did make the statement that “we are a NASDAQ company we are just not there yet!” He talked about the armored car contract that is coming up, and answered a few questions, and then we went to lunch.
Final thoughts:
I have come away from this meeting excited, but it’s more than that, it is hard to describe, but I have a real peaceful feeling about the direction of this company. I feel that we are in very capable hands here. Someone on the board (I can’t remember who) uses the term to describe Frank Moody as the “Velvet Hammer”, what I see is a very good manager of people, I don’t see a lot of ego coming from this guy, just someone who wants to put together the best company with the best people that he can, I believe that he is sincere when he says that he considers all of us (including shareholders) partners and are important to the success of this company.
I think that we are going to have to be patient here, we all want things to go faster, it will be after the first of the year before we go to BB. I personally think that we are going to see additional contracts come soon, from overseas I think, slowly but surly we will crack in to state and federal government agency’s, this will be slow but with a little time will grow exponentially.
I had the pleasure of having lunch at the same table as the General and his wife from Lebanon, very nice man. I could not help but think to myself “why is this guy here? Why is he spending his time speaking at this little company’s first ever share holders meeting, why were all of these guys here”, they must see something I guess, and I do to.
I personally am in this for the long haul, I don’t need to trade this stock I have it at a very low price. I think though with the quiet period coming up that we could see PPS slip down a couple of points, I would just use it as a buying opportunity.
You can tell that Management is expecting big things to happen with this company, they are working hard doing the things necessary to make it happen.
I am just babbling now, its late and I am tired, I am not the best typist in the world, but I wanted to get this out, hope this has been helpful, If you have other questions just send them and I will answer them the best I can.
I did not stay for the DEMOS had to catch my flight home, I am sure the were great, They had a HUMMER in front of the Hotel that said CYBER TRACKER on it, it was pretty cool.
was
