emailed Robert yesterday and received a reply within minutes. I still believe as I always have. Just have to hold on a bit more.
Hi, Charles,
Per our presentation at last November’s meeting of stockholders, we are approximately two years into our six year patent monetization plan. We expect to continue our Flash-R™ related monetization efforts beyond this six year window, but the heart of the process is well underway. Last year we made solid business progress by concluding our first round of cases and bringing in over $11 million in licensing revenues, filing a second round of cases against nineteen companies in Colorado, prevailing in the digEcor litigation, paying off all corporate debt and putting the Company on firm financial footing for the first time in its history.
In calendar 2010, we’re focused on accelerating and maximizing our IP monetization efforts and raising the bar on our licensing terms. We’re also focused on growing the eVU™ systems and services business through our own internal efforts and through partnerships. As we stated at the shareholders meeting, we expect our eVU business in calendar 2010 to be improved over calendar 2009.
We are making good progress on the next generation of our proprietary eVU platform and we remain committed to introducing new eVU systems later this year directly and/or through partnering efforts. We are taking and shipping orders for our current eVU system.
As we continue to build upon last year’s progress through landing and announcing anticipated new licensing agreements, new eVU orders and partnerships, and improving the Company’s financials, we expect to attract new interest from micro cap funds and retail investors with an interest in IP-related investments. We have some of the elements in place to introduce e.Digital to these funds and investors and expect to add other elements during this calendar year that we believe are essential in capturing significant new investment interest. While numbers are vital in bringing clarity to funds and retail investors, there are also other elements that we believe are important. If we could speak to shareholders in a vacuum about these elements and the particulars of our plan we would do so, but we learned our lesson during the digEcor litigation and we won’t be providing our playbook to those we are negotiating with and/or litigating against, as well as future targets/competitors. The bottom line is the share price and we who manage the Company (and hold a significant number of shares in it) are highly motivated to improve it for you and all who have invested in e.Digital. We look forward to releasing updated business and financial information this quarter. Thank you for your continued support, Charles.
Best regards,
Robert Putnam,
Sr. Vice President
