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Message: ``We are pleased to announce that we have signed our first IFE eVU agreement and received our first IFE eVU order, details of which we expect to announce next month along with other eVU business``

``We are pleased to announce that we have signed our first IFE eVU agreement and received our first IFE eVU order, details of which we expect to announce next month along with other eVU business``

posted on Jun 19, 2006 09:58AM
eVU™ Business Developments

In spite of the digEcor complaint, we are experiencing growing interest from prospective eVU customers in the healthcare and travel and leisure industries, particularly from the

in flight entertainment (IFE) industry. We are pleased to announce that we have signed our first IFE eVU agreement and received our first IFE eVU order, details of which we expect to announce next month along with other eVU business.

We have put in to place the key elements of a turnkey entertainment services business including financial services partners for qualifying customers to lease eVU units as well as provide warranty and insurance coverage in case of failure, damage, or normal wear and tear. Our turnkey service enables qualifying eVU customers to get eVU units into the hands of their customers/passengers/patients and quickly begin generating revenue without significant initial costs. Not only are our eVU costs and product margin covered up front by a financial services company on qualifying orders, in many cases we also expect to receive monthly content, logistic services, and warranty fees over the lifetimes of the contracts. Based on our expected product and leasing margins and our turnkey entertainment services being fully implemented, we believe we can become profitable with annual eVU sales of approximately 4,000 units.

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