QUESTION
- “This is a two part ? one, Has there been any thought of changing the name in English speaking countries too 1000+.The name Winningcolours dosn’t do a good job quickly telling the story,it sounds more like a horse in the Kentucky Derby.unless we get Charlie Sheen and his winning rant http://www.pressofatlanticcity.com/news/press/atlantic_city/charlie-sheen-to-bring-his-winning-tour-to-atlantic-city/article_674875f8-50f0-11e0-a82c-001cc4c03286.html as spokesperson,.1000+ stain remover tells a better story. Two,Why does the Co.wait to the last day to report there #s, Thanks N.”
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ANSWER
Yes, we have given considerable thought about adopting the international name, 1000+ Stain Remover, in North America for Winning Colours. There are advantages and disadvantages that may not be obvious to someone thinking about the situation casually. However, on balance, we favour a single-world markets name for the product. We have, behind the scenes, already created http://www.1000plus.ca/ forwarding to the Current Winning Colours site. Many products, including Mr. Clean, have different names in various markets, however, ideally, we will be moving to international integration if it can be accomplished without confusion or a loss of momentum. The transition stage may feature the 1000+ symbol within the product logo itself together with a much reduced Winning Colours font size.
On the subject of filing of statements, we are still a lean and busy team. Every day counts to get many things done, especially at year-end. This includes extensive physical inventory for internal audit trail purposes. This was made particularly challenging this year with our transition to contract manufacturing in Canada. (Manufacturing is already by contract in the USA). Despite the significant advantages over the long term, there is a transition period during which warehouse inventory sees an increase of physical asset categories of items that were formerly in our own premises and require orderly disposal or remediation. The best way to understand what is involved, is to be given the assignment of completing combined, consolidated financials statements which have proper audit trails and are prepared to Generally Accepted Accounting Principles. It’s easier to talk about than to complete regularly and on-time.
