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At present, our company is looking for investors, to support the first stage of the international expansion of the current operation.
We are planning to expand our global operations with the opening of new offices in Mexico, Argentina, Brasil, Venezuela, Chile, Peru and Miami-Florida-USA, to meet the high-degree of those market demands for multifunction security appliances assuring local market knowledge and local support to build a solid business relationship with our distribution channels, making a big difference with traditional vendors that prefer to deal Latin America region from US branch office usually located at Miami. Our Channel philosophy will be “stay open to listen” all the time and try to be as close as we can of them. From these offices we will handle the nearest market places and countries.
By focusing on our strengths, Nova Devices will increase sales up to more than $25 million in three years, while also improving the gross margin on sales, cash management and working capital. SHORT TIME GOALS » The primary goal of the Company is to maximize investor return over the long term.
» Structure an aggressive agent network to secure all available sales opportunities, execute Nova Devices’ revenue model, and build a strong distribution network to facilitate logistics management and ensure availability of the company products.
» Sales increasing to more than $140 million in the last year of this plan.
» Bring gross margin around 50%, and maintain that level.
» Sell $6 million of service, software upgrades, support, and training by third year.
» Improve inventory turnover to 12 turns first year, 6 in second year, and 3 in third year.
» Establish the pillars to penetrate US and European markets.
» We aim to build customer database of at least 10,000 companies within the next 3 years.
» We aim to achieve a market share of at least 1% in our target markets.
» We aim to achieve 50% customer awareness of our brand in our target markets.
» We are going to certify our products according to ICSA labs standards.
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