General Finance and Development Holds Investor Conference Call
2012年12月20日 - 3:45AM
OTC Markets
General Finance and Development, Inc. (OTC
Markets: GFDV).
An investor conference call was held this
morning at 11:00
AM CST for General Finance and Development, Inc. (GFD).
A link to a recording of the conference call
will be
available at the website for General Finance and Development within
a few days.
In summary:
During the call, CEO William Kieger summarized
the 3rd
quarter results and recent news announcements.
As of the end of the 3rd quarter
GFD reported
earnings of $166,880 for the 9 month period. Current assets exceed
current liabilities
at a ratio of 6.9 to 1 and long term debt remains low. No new
shares have been
issued since 2009 and there are no outstanding warrants. The
current public
float is 337,288 shares.
Operations continue to be funded by the
results of Corporate
Art Force (CAF). Development continues to be on schedule.
As of last week over 18,000 pieces of artwork
has been completed
and installed in 40 states since inception in 2009.
Corporate Art Force has incorporated a new
tagline
“America’s Premier Artwork Provider”, in its marketing efforts. A
new website and
marketing strategy is being implemented to reflect the tagline and
mission.
The growth of Corporate Art Force will be
based on the
company’s capability to manage national art programs for enterprise
level
organizations and the proprietary SmartArt Program that can be
subscribed to
for as little as $125 per month.
The company plans to
increase the number of art consultants and other sales staff
significantly over
the next several years as recruiting and training programs are
being
implemented. The projections are $300,000 in revenue per sales
staff. The plans
are to add as many as 200 sales staff over the next 5 years
A finance agreement is in place with Aurora
Capital
Management to resell 750,000 shares of GFDV through the company’s
investment
fund, GFD Investments, in order to finance the growth of CAF and
other venture
opportunities. Currently GFD Investments holds approximately
180,000 shares.
The total shares available for resale are approximately
930,000.
In 2013, GFD Investments will be acquiring
assets in
alignment with the CAF distribution model. New areas of investment
will include
artwork and leasing agreements.
The company has no plans to expand further
into medical technologies
or other areas unrelated to its current operations.
The
foregoing material may contain forward-looking statements. We
caution that such
statements may be subject to uncertainties and that actual results
could differ
materially from the fore-going statements. Readers accordingly
should not place
undue reliance on these forward-looking statements which do not
reflect
anticipated or unanticipated events or circumstances occurring
after the date
of these forward-looking statements. More information regarding
General Finance
and Development including financial statements and reports is
available at the
company’s website www.genfd.com and www.otcmarkets.com.
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