Shareholder Messages
December 7 , 2007
Dear Fellow Shareholder:
Of recent RemoteMDx was the target of numerous innuendos that slander the Company’s reputation and that of its founders. I personally believe that it is important to differentiate fact from fiction and put into perspective where we are as a company and what we are trying to achieve.
RemoteMDx is a development stage company and as such is in a dynamic and constantly changing period of growth. Our goal is simple – to have annual revenues in excess of $100 million and monitoring over 40,000 offenders by the end of 2009. This is not an easy task as we must deal with all the problems that face a developing stage company including growing from 20 employees to 130 and probably within the year 300; resolving technical difficulties that are associated with introducing a new technology and product; managing cash flow constraints; understanding our customers; delivering the highest quality service possible while working through the introduction of new products and software; maximizing shareholder value and constantly attempting to keep our shareholders well informed.
We, at RemoteMDx, are proud of what we have assembled and the direction we have embarked upon and believe that we will achieve our goals. In the immortal words of Theodore Roosevelt as he was being criticized from all sides,
“In life’s great arena it is not the critic who counts; not the man who points out where the strong man stumbled or where the doer of the deed could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds . . .”
Those who want to know who we are can see that as management we are resolute in fighting the battles that are necessary to obtain success. Do we falter? Yes. Are we perfect? No. Do we continue to strive against all difficulties to succeed? Yes.
It is our commitment to our shareholders and to ourselves to overcome all obstacles that are in our way and to be victorious. If any of you ever have any problems in discerning fact from fiction – call me so that I can give you the true facts as it relates to our battle to achieve our goals.
Sincerely,
Jim Dalton
President
Safe Harbor
This shareholder letter, and the enclosed DVD, contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including reliance upon our distributors, the governmental regulation of our products, market acceptance, and technology, manufacturing and marketing risks. The contents of this letter and the DVD should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in our most recent filings with the Securities and Exchange Commission.