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post #6 of Old 08-19-2002
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Have Sailnet changes been announced?

stpeteguy - The reason you haven''t seen an announcement is because it hasn''t been made yet. We have a press release ready, but like all deals, it''s not official.

The short version is that the Marketing, Purchasing, Accounting, Web Development, and IT departments are based in Charleston, SC. Warehousing and Manufacturing are in St Petersburg, FL. Twice the rent, utilities, and somethimes salaries due to two locations.

After carefully reviewing each of the units, we made the decision to sell some of them, while retaining others along with the warehouse, and move these to Charleston.

Of the units that will be sold, a large percentage of their business is OEM or retail work specific to the St. Petersburg geographic area. The units that will be moved are less dependent on OEM work and retail sales in that geographic area.

We will make an official announcement as soon as all of the t''s are crossed and the i''s are dotted.

On the bright side, we won''t have to charge sales tax in Florida once the deal is done.


Bill Kirk
VP Marketing
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