OGHI - a Big Run in the making...
horiZon : OGHI - a Big Run in the making...
jetzt auf OGHI achten!!
On The Go Healthcare Inc.
...es rumort gewaltig! In den nächsten Wochen werden Mega-News erwartet, der Wert ist seit Tagen unter Accumulation!! Es wird in Kürze einen Mega-Run geben, wie mir aus sicherer Quelle mitgeteilt wurde...also aufpassen!!!
horiZon : CEO Letter to Shareholders
Letter to shareholders Jun/04
Dear valued shareholder,
As the CEO of On The Go, I am pleased to provide you with an update on our positive progress over the past few months. Fundamentally, things have never been better for On The Go. We have entered into a number of strategic partnerships that hold the potential to increase our sales. The continued consolidation of operations and resulting cost savings from the economies of scale positions us to have a favorable impact on our bottom-
I am pleased to share with you a number of On The Go 's recent achievements; from exponential sales growth to new acquisitions, the recent quarter has been immensely exciting and successful for On The Go and our shareholders. The stage has been set for our company to reach a projected $10 million (Cdn.) in consolidated sales for the July 2005 fiscal year end.
Some of the key achievements and strategic objectives contributing to our recent and continuing success include:
Milestone Financial Results
A major highlight of the last quarter was record setting revenues. For the quarter ending January 31, 2004, our company boasted $807,791 in total revenues, a 308% increase over the previous quarter. To put this into perspective, this was a 5,500% increase over the same period in 2003.
These record results, which will be explained in detail in the remainder of this letter, clearly demonstrate that On The Go's business plan is not only financially viable but a solid company with excellent growth potential.
Baby Care Boom: Acquisitions, sales growth and global expansion On The go recently acquired Vital Baby Innovations Inc., the exclusive Canadian distributor of Heinz Baby Basics Feeding Accessories and distribution rights for Sudocrem, a leading diaper rash cream. Vital Baby's products are sold at more than 3,300 retail locations across Canada, including Wal-Mart, Shopper's Drug Mart, Sears, Zellers, Loblaws, Rexall and numerous other locations.
This landmark deal will contribute to On The Go's burgeoning sales growth and broaden our distribution networks and sourcing capabilities. With access to thousands of locations, opportunities to establish new markets are substantial.
Following the signing of a distribution agreement with British based company Bibs and Stuff, On The Go is now distributing our signature Padded Training Seat and additional toddler and infant products to the European market.
In line with this agreement, On The Go introduced a new design of our Padded Training Seat customized for the European and Australian markets. By meeting the unique needs of our international clients, the potential
to expand our global customer base and market share is excellent
The Padded Training Seat is also now sold at Scolari's Food stores located across Nevada and is sold hundreds of Shopper's Drug Mart's, the largest drug store group in Canada. The seat, along with our new Baby Bath product, gained further exposure in May when they were displayed at the Juvenile Products Manufacturers Association (JPMA) show in Dallas, Texas. The exhibit attracted thousands of potential customers.
Compuquest: Record sales, staff development, major deals and industry awards
On The Go's wholly owned subsidiary, Compuquest, an industry leading supplier of computer hardware, software and IT solutions to thousands of companies, including Fortune 100 corporations, has been a beacon of On The Go's moving forward corporate mission.
Sales at Compuquest year to date have now surpassed $3 million, an all-time record. This rapid growth has been fuelled by a number of major deals, including a business development partnership with Hewlett Packard to sell their products in the U.S., the shipment of more than $230,000 in computer equipment to a major hotel chain in Whistler, British Columbia, an order for $185,000 worth of "ISP In A Box Solution" equipment to a Caribbean-based ISP and the provision of computers to a worldwide premier car rental agency.
Our sales team was recently doubled to meet the growing demand for Compuquest's products and services. The seasoned sales professionals added will serve us well as we build this sector of the business.
Compuquest has also received industry recognition, garnering its eighth consecutive Consumers Choice Gold Award in the category of Best Corporate Computer Dealer.
In May, Lifestyles Magazine, an international magazine with a circulation of 500,000 and an extensive group of high-end brand name advertisers, published a glowing profile of On The Go. The feature article highlights
On The Go's products, lauds our sophisticated manufacturing facility, details business objectives and outlines the company's extensive growth opportunities.
The successes of the last quarter have set a firm foundation for our company's continued growth. In pursuit of this goal, we are proactively seeking to increase our market share in the baby care, healthcare and Information Technology sectors, expanding our customer base and distribution channels and launching new, innovative products.
With a strategic new acquisition and evolving multiple streams of revenue, we are excited about the future and expect to continue our path of growth and development. I believe we have only begun to demonstrate our potential to the marketplace and most importantly, primed to drive shareholder value. As always, we appreciate your support and look forward to reporting on our progress.
horiZon : OGHI - HUUUUGE NEWS!! More than half o/s retired!
On The Go Healthcare's Chief Executive Officer Retires 27.9 Million Shares of Common Stock
CONCORD, Ontario, Jul 14, 2004 /PRNewswire-FirstCall via COMTEX/ --
On The Go Healthcare, Inc. (OTC Bulletin Board: OGHI), a leading manufacturer, marketer and distributor of baby and portable healthcare products, computer hardware, software and supplies, announced today that its Chief Executive Officer, Stuart Turk, has retired 27,913,333 of his personal shares of the Company's common stock into treasury in return for 279,134 preferred shares. As a result, total outstanding shares of common stock will be reduced by more than half to approximately 26 million shares.
Stuart Turk stated, "Over the past year, On The Go has completed two acquisitions and increased our management team and sales force. Our plan is to continue to grow our distribution network, increase our sales team and acquire other companies that complement our core businesses. I believe the conversion of my personal shares from common to preferred will maximize value for our shareholders, over both the short and long term." Turk added.
About On The Go Healthcare, Inc.
On The Go Healthcare, Inc. (http://www.onthegohealthcare.com ) manufactures, markets and distributes a line of baby and toddler products including its new Baby Bath and an ergonomically-designed, cushioned Padded Training Seat that is placed on top of adult toilet seats to help toddlers with potty training. Additionally, On The Go manufactures and markets healthcare products that target home healthcare, medical, rehabilitation and long-term care markets worldwide.
On The Go Healthcare's wholly-owned subsidiary, Compuquest, is a value-added reseller of computer hardware, software, peripherals, and supplies. Compuquest (http://www.compuquest.com) services hundreds of clients in the U.S. and Canada, including Fortune 100 corporations, hospitals, government ministries, universities and various firms in banking, insurance, law and accounting. Compuquest recently won the Consumers' Choice Gold Award for Best Business Computer Dealer for eight consecutive years.
Another On The Go Healthcare wholly-owned subsidiary, Vital Baby Innovations, is the exclusive distributor of the Heinz Baby Basics Feeding Accessories and owns the right to distribute Sudocrem, the most popular diaper cream in Europe. Vital Baby Innovations (http://www.vitalbaby.ca/) distributes products to more than 3,600 retail locations across Canada.
For more information about On The Go Healthcare, visit: http://www.onthegohealthcare.com or http://www.otcfn.com/oghi . To be added to On The Go Healthcare's e-mail list for company news, please send your email address to OGHIIR@cs.com.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, economic conditions affecting retailers, distributors and manufacturers; continuing success introducing new products; the Company's ability to finance its planned expansion efforts; the Company's ability to manage its planned growth; continued availability of raw materials for the child and health care lines at reasonable costs; continued ability to obtain hardware, software and peripherals at competitive costs; and changes in regulations affecting the Company's business and such other risks disclosed from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management's expectations, except as required by law.
SOURCE On The Go Healthcare, Inc.
Company - Stuart Turk of On The Go Healthcare, Inc., +1-905-760-2987, Ext. 300; or Investor Relations - Geoffrey Eiten of OTC Financial Network, +1-781-444-6100, Ext. 613, email@example.com, for On The Go Healthcare, Inc.
Copyright (C) 2004 PR Newswire. All rights reserved.