Lets go back to August 2004 - as its just past the 1 year anniversary - look at this great news from SE0 in August 2004 - and what happened ? NOTHING.
Stanelco PLC
17 August 2004
Stanelco PLC signs Exclusive Tray Lidding Deal with Reiser in the US
Stanelco PLC, the RF (radio frequency) applications group, is pleased to
announce that it has entered into an exclusive, non-binding heads of terms with
Robert Reiser & Co., Inc. ('Reiser') concerning the use of RF sealing technology
in Reiser's tray lidding machines in the USA and Canada. This arrangement also
includes a non-exclusive licence covering the use of Stanelco's RF technology in
thermoforming and other packaging technologies.
Reiser has been selling and servicing high-quality food processing and packaging
equipment since 1959.
In accordance with the heads of terms Reiser are targeting a minimum of 100 new
or converted machines using Stanelco's technology during the first 12 months of
the full agreement. An annual licence fee will be agreed for each machine. In
addition, Stanelco and Reiser will be working together to develop this
technology into newly designed equipment.
Ian Balchin, Chief Executive of Stanelco, said:
'We announced our technology breakthrough on 16 July, and we are particularly
pleased that Reiser has moved so quickly and positively to take the technology
forward. Our world leading sealing system will help Reiser stay at the forefront
of the packaging industry and we are excited about the potential of this
relationship going forward. We look forward to working with Reiser on the
incorporation of our technology into their tray lidding and other equipment and
helping them deliver the benefits to their customers. We continue to have active
negotiations with a number of machine manufacturers, end users and large retail
multiples concerning other territories.'
For further information please contact:
Ian Balchin, Chief Executive
Stanelco PLC
Tel- +44 (0)1489 570 991
Jonathon Brill
Financial Dynamics
Tel- :+44 (0)20 7831 3113
Reiser, Canton, MA
Tel- 781-821-1290
So you had the hype in 2004 which delivered nothing in the 12 months exclusive period - why ????? Is it so great ??? or is it just plain crap ??? Was it all pie in the sky in 2004 thats repeating itself as pie in the sky in 2005 just not Reiser this time but Asda ???
Now we have the hype in 2005 - and - basically nothing again - are you so sure its such a wonderful investment ???
Read it - have you heard all those same claims recently again ???
All IMO.
http://webfund5.finexprestel.com/webfund5/equityannouncement.wsp?unitcode=SEO&articleid=200408171322260494C