Sacramento, CA -- August 08, 2017 -- InvestorsHub
NewsWIre -- Intelligent Highway Solutions (OTC:
IHSI) today issued this CEO letter to its shareholders:
Dear Shareholders:
After a difficult 2016, the executives at Intelligent Highway
Solutions, Inc. worked tirelessly to turn things around. In 2017,
we have executed on several complex initiatives and continue to
make strides in delivering on the strategic objectives to improve
our products and services we offer our customers. The
company's operations, competitive posture and foundation for
growth are stronger today than a year ago.
In March 2017 we made a bold move to begin the acquisition of
Crescent Construction Company of North Carolina. Crescent
Construction is a full service general contracting firm with an
excellent reputation of over 32 years. It recorded $7.2 million in
revenues for its Fiscal Year ended October 31, 2016.
This acquisition allows expansion of our energy efficient
technologies and superior highway management concepts into the
Southeastern U.S. This is important for our future success.
There was an enormous amount of legal and accounting work that
the company needed completed. The work was expensive but needed to
be accomplished. I am happy to say that we are a fully reporting
company and compliant with all SEC rules regulations. We will file
our financial statements for the 2nd quarter of 2017 soon, keeping
us up-to-date with all filings requirements.
We recently signed a letter of intent with Fazync to prove and
market the Phase Angle Synchronization equipment that can
revolutionize how electrical power is saved and redistributed for
consumption. I simply cannot overstate the importance of this and
the financial reward for IHSI when the Phase Angle Synchronization
equipment is proven...and we believe it will!
As shareholders, your concerns about IHSI are the dilution,
debt, stock price and reverse split. When the first quarter 10Q was
filed, and outstanding shares were reported, there were shares in
the pipeline that, as of the filing, were scheduled for
distribution but had not yet been issued.
We have consolidated our debt and we believe our relationships
with the note holders is excellent. It has been an expensive
process to have our reporting updated, acquire Cresent and seek
other acquisition targets. But this is our future...and our
investors' future. We are looking for better financing to replace
these notes and we anticipate a cash flow that will support the
growth of the Company and service our expenses. I wish I had an
easy answer for the stock price, we are all disappointed, but we
are confident about our future.
Finally, there is no plan for a reverse split at this time;
however we may need to do an increase of authorized shares to stay
in compliance with note holders on reserve share requirements.
Our current goals and outlook include: Expanding revenues
through additional acquisitions; expand into government projects
and work with international companies in California and North
Carolina; prove out the Fazync -PAS technology and seek general
contracting work in California.
We have retained an experienced Investor Relations executive to
assist us in our significant expansion of public information. You
can get in touch with Paul Knopick at
pknopick@eandecommunications.com or at 940.262.3584. I am asking
him to handle all shareholder communications, allowing our
management team to spend its time and effort accomplishing the
steps necessary to make Intelligent Highway Solutions a more viable
and interesting investment opportunity.
For those of you not familiar with the Company, Intelligent
Highway Solutions, Inc. was formed in April, 2011 and became public
in 2012. IHSI provides technology driven solutions for commercial,
industrial, and municipal facilities.
With the addition of Cresent Construction, IHSI is a
full-service general contractor. We provide design, installation
and construction management services.
Visit us at http://www.intelligenthighwaysolutions.com/ .
Call our IR representative. We thank you for your patience. We
anticipate rewarding it.
Sincerely,
Devon Jones
CEO
Safe Harbor:
Any statements contained herein that are not historical facts
are forward looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements are made subject to certain risks and uncertainties,
which could cause actual results to differ materially from those
presented. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only to the date such
information was released. The Company undertakes no obligation to
publicly revise these forward-looking statements to reflect events
or circumstances that arise after release of this information.
Contact: Paul Knopick
pknopick@eandecommunications.com
940.262.3584