Current Position and Business Objectives. Currently, the company has completed the test phase of the scanners at the Neiman Marcus sites. IMT received revenues of $25,000 from Xxxxxx Xxxxxx for leasing the scanners during the test phase, and has secured a commitment from them to pay an additional $25,000 to keep and use the scanners. This revenue, together with the founders’ investment, have been able to cash flow the operations up to this point. Research and development of the SmartScanner is complete, testing has been extremely favorable, vendors for components are secured, and the product is ready to be manufactured. IMT has moved to the start-up phase of its operations. IMT’s mission statement follows: "The goal of Infrared Measuring Technologies is to become the leader in the manufacturing and marketing of electronic measuring devices for custom clothing retailers. We will constantly strive to satisfy our customers’ needs and conduct our business in a manner to produce financial returns that encourage and reward our shareholders." In the first several years, IMT will accomplish this mission with body-measurement scanner products. The company expects to grow to almost $2.8 million in annual sales revenues in its third year of operation. This will be achieved through the offering of two different scanner products and a maintenance agreement.
Current Position and Business Objectives. Now that Palmtop Innovations has successfully developed and test marketed its software product, the company is ready to market and distribute the PalmPal nationwide. The company's primary business objective is to acquire over 400 automobile dealerships by the end of its third year of operation. Palmtop Innovations' mission statement follows: "Palmtop Innovations' goal is to become the market leader in portable, hand-held hardware and software systems for automobile dealerships. The company will continually satisfy its customers through an intimate understanding of the industry, resulting in favorable financial returns for our investors."
Current Position and Business Objectives. Xxxxxxx Xxxxx has successfully earned several national health-care consulting accounts, and the firm is ready to expand further. The firm's mission statement is as follows: "Xxxxxxx Xxxxx Associates will provide its health-care clients with services intended to assist in the creation of positive, accepting public images in their respective markets. By doing this, its customers should experience increased financial performance. The firm is committed to assisting a wide network of hospitals, clinics, and health maintenance organizations with the best consulting services available."
Current Position and Business Objectives. HydroHut is currently in the start-up phase of its business life. The first HydroHut location will be located near Sixth Street and Xxxxx Boulevard, one of the city's busiest intersections and hottest retail environments. The store will be the first of its kind in Austin, a major metro area of more than 1 million people. HydroHut's mission statement is as follows: "HydroHut will sell still water drinks and functional beverages to health-conscious consumers in Austin, Texas. Retail customers will consist of students, faculty, and staff from the nearby University of Texas campus, the nation's largest, and residents of the well-educated, affluent surrounding neighborhoods." Long-term goals for HydroHut include an expansion to three locations by the end of its fifth year of operations, as well as the possibility of the creation of company-owned or franchised outlets thereafter.
Current Position and Business Objectives. Snap-Quick's designs for quick-connect coaxial cable connectors have proven to be superior to existing products on the market. Since the Snap-Quick Connector was introduced, the company has captured a one-percent share of the market. Management feels, due to the superiority of the product, that a much larger share of the market can be obtained. Snap-Quick's mission statement follows: "Connecting the needs of customers, employees, suppliers, and partners quickly, efficiently, and effectively." To accomplish this mission, Snap-Quick is looking to form a strategic alliance with a company to license its product and assist in distribution to a larger market.
