Company Snapshot:
Primarily engaged in the business of the rental of vehicles
Industry Snapshot:
Vehicle sales in South Africa were as high as 650,000 units in 2006, but have declined in subsequent years first as a result of high interest rates in late 2008 as a result of general world economic conditions. One in two vehicle finance applications are declined by all financiers because of poor credit. Management believes that these factors have led to a pent up demand for new vehicles and this demand is reflected by the fact that automobile sales grew 11.7% in November 2011 as compared to November 2010 and were 49,499 units (Source www.automotiveworld.com - parts of this site require a subscription). This represents an annualized rate of almost 600,000 vehicles and may indicate a longer term upward trend. We believe that we offer an opportunity to acquire vehicles to fill this demand that is not ordinarily available for persons with limited credit history. Currently the business is able to only able to supply 1/70 of its inquiries.
Post Merger Share Calculation:
GeoTeam® best effort calculation of total post reverse merger shares assuming full conversions: 107,500,000
Financial Snapshot: February Year End
2011 vs. 2010
Six Months (August) 2011 vs 2010
Pro Forma Valuation: