Message #53 From:
Jason Date: March 28, 2009 02:11:58 PM
AIDO Announces Changes
AIDO has announced it's plan going forward. They have been forced to review last years performance and adjust as needed. The changes will include the resignation of Hubert Meier who was leading operations in Asia. Additionally, legal costs have forced Advanced ID to restructure their focus in UK and China. According to a recent press release from AIDO legal and accounting compliance costs outweigh the benefit of operating in those markets. They have also abandoned the acquisition of DDCT. The board has also decided to relinquish it's earned equity for 2008. They feel their activity did not produce enough value for the company. Their actions should be commended! The company is also adjusting salary and commission structures to encourage sales growth. It appears the AIDO is serious about securing value for it's stake holders. Their actions suggest a strong team with a vision for the future. Shareholders should applaud these actions!
I look forward to reading and responding to your comments.
