CMARK International, Inc. Has Issued a Shareholder Letter

COLUMBIA, S.C., May 16, 2012 /PRNewswire/ -- CMARK International, Inc. (CMIT.PK), a global provider of facility and logistic support services for government and commercial institutions, issued a shareholder letter.

Dear Valued CMARK International, Inc. Shareholders,

As we approach the second half of 2012, it is with great pleasure that I write this letter to share some recent corporate developments with you and thank you for your continued support, loyalty and belief in us through the years.

There have been significant changes for the better in the last year and you will find a summary of these developments but most of which should give you some immediate insight into the substantial progress we are making.

We have successfully achieved an up-listing on the pink sheets to Pink Current Information with a goal this year to become Fully Reporting. This was our first priority and commitment to you, our valued shareholders, to achieve this, so you have the transparency you deserve when evaluating your continued investment in CMARK.

Secondly, and equally important, we have made significant strides with our senior lender in overall debt restructure and fully completed in December of 2011 a complex conversion of approximately 80% of our debt to favorable equity, thereby reducing the senior debt on the balance sheet from over $11 million to $2.5 million. This has made many of those involved in the Company, much more comfortable in continuing a business association with CMARK overall.

Our senior lender also confirmed its long-term support by offering a working capital loan of $500,000 with favorable terms allowing us to execute on major business development activities and complete work in progress.

Operationally, I have personally negotiated with several of our top vendors for better net terms, freeing up some working capital for necessary human capital preservation and other vital ops issues. These relationships are now on solid footing.

Further to my personal operations management process we have reduced overhead over the past three years by approximately 70% including the consolidation of various physical office locations into one corporate office. As a function of this we have eliminated a lot of redundancy in those various offices, significantly reduced the costs of infrastructure and streamlined the corporate staffing accordingly to effective and efficient levels.

In our highly competent sales and marketing department, we have significantly narrowed our focus on certain product groups providing a more efficient marketing and sales effort, along with more concentrated engineering and design oversight. This has had a major impact on our team who are now thriving in this carefully cultured work environment! Additionally, we have substantially increased efforts in alternative energy projects, and our private brands offerings in food service equipment and furnishings.

View original post here:
CMARK International, Inc. Has Issued a Shareholder Letter