Our engineering team, led by Project Manager Stanley Chao, have confirmed and booked another trip China during the first week of March. Stanley is very confident in the progress being made by our engineering team as all issues have been successfully addressed and we are excited to implement changes and hit the ground running.
I recognize there have been too many past issues hitting deadlines, simply put, it’s unacceptable, but I want to assure you that we are on track with our new QC and engineering team to identify and deliver the fixes needed to commence mass production. It is understandable that the previous missed deadlines may have made consumers and investors apprehensive, but we are delivering the best and most up-to-date information possible as we receive it in an effort to regain your trust. I also understand this will not be regained until we deliver lamps consistently. The alternative is to go “dark” and this isn’t fair to our shareholder and potential consumer base as it delivers the wrong message.
We are happy to announce Vu1 has reengaged with KCSA Strategic Communications to oversee and manage our investor relations beginning March 1, 2013. We welcome them back to the Vu1 team. We view Jeffrey and Phil as part of the Vu1 family and look forward to working closely to ensure our message is delivered to the investment community.
On the sales and marketing front, in March we will commence delivering product samples for distributors, retailers and media. Our national sales representative, James Poindexter, and our marketing agency, The Sales Factory, are revving up their teams for a full-court press, ensuring our message is delivered to every ED, Retailer and journalist that wants to hear our story.
It’s been a long road, and it’s an exciting time for Vu1 and our shareholders. I look forward to sharing continued updates as each week progresses and we close in on our full retail launch.
William B. Smith
Chairman and CEO