CEO of CTR Investments & Consulting Updates Shareholders and Provides Future Outlook.PASADENA, Md. -- The following update is being released by CTR See click-through rate. Investments & Consulting, Inc's.(OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CIVX) CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. : "I am pleased to have the opportunity to update you on CTR's progress at this exciting time in the Company's history. We have completed the field-testing of our Visitant Justice Product and we are beginning our first extensive roll out of the product in to the Bail Bond A written promise signed by a defendant or a surety (one who promises to act in place of another) to pay an amount fixed by a court should the defendant named in the document fail to appear in court for the designated criminal proceeding at the date and time specified. sector. Our field-testing program process which included fulfillment, software collaboration, testing, and pilot programs with select groups has been an astounding a·stound tr.v. a·stound·ed, a·stound·ing, a·stounds To astonish and bewilder. See Synonyms at surprise. [From Middle English astoned, past participle of astonen, success. The program has yielded significant real world results that have corresponded to better end user outcome and client cost savings. Our Bail Bond product, recently branded as ' VisiTant Justice,' is now ready to fill a serious gap in the current Bail Bonds market place. As with any growing company, we encountered a few challenges throughout the year, which we have addressed. We experienced a delay in the first full field test run due to implementation of measures that will allow for a significant reduction in product cost. This delay did not impact our sales or market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" efforts as we have established strong industry relationships and are continuing to receive product orders. With this innovative product now available for sale and distribution, we believe we will realize significant revenues as our marketing efforts increase. Accomplishments Our senior management team has made valuable strategic decisions over the course of this year and we are confident that, with the support and contributions of our shareholders, employees, and partners, we are on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955. of realizing the true potential of our products in the marketplace. The last eight months have been a period of transition for CTR, during which we have strategically positioned the company for long-term success. We are proud of our recent accomplishments, which include: -- completed the development of the company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , the VisiTant Justice, -- established a partnership with Holloway International which resulted in select Bail Bond companies to utilize our system, -- received successful results for the companies field test group of Bail bonds operations, The Future Looking to the immediate future, we are very encouraged with our progress, growth prospects and business strategy as follows: -- Roll out of 30 VisiTant Justice Units per quarter in 2007. -- We realize we are in need of additional funding to meet our future growth plans. We are speaking with several potential funding prospects that could help us with near term and long term funding needs. -- Continue to Market to the office and business sectors for our VisiTant advantage product -- Continue to focus on R&D to include developing next generation products as the market demands Financial Outlook Based on order flow and commitments that we have received to date, we are projecting our sales for the fiscal year 2007 to be in the range of $1.5 to $3 million. This number does not take into consideration any new sales in-roads from this point on. I would like to thank our shareholders for their continued support. I expect to see significant value growth in CTR Investments & Consulting for our shareholders as we begin to drive sales." Sincerely Jerry Janik CEO For further information CTR Investments & Consulting, Inc., contact Rich Kaiser, Investor Relations Investor relations The process by which the corporation communicates with its investors. , YES INTERNATIONAL, #800-631-8127. Except for historical information, all other information provided in this news release consists of "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1935. These "forward-looking statements" are subject to risks and uncertainties, which could cause actual results to differ materially from those projected, anticipated or implied. |
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