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Better Living,
Smarter Living: Elgrande International, Inc. (EGDI.OB)
By Glenn Wilkins - AllPennyStocks.com News Reporter
July 30, 2007 (AllPennyStocks.com Media
Inc.) – Our homes are our castles, our fortresses, our
bulwarks against the pressures and heartbreaks of the outside
world. Properly taken care of, they can be worlds unto
themselves – providing us with security, entertainment,
serenity and comfort.
A creator of these worlds is Elgrande International
(OTCBB:EGDI), a holding company for organizations such as
Intelligent Living Corporation (ILC). Headquartered in
Vancouver, British Columbia and Anthem, Arizona, ILC
specializes in designing, supplying, installing, upgrading and
servicing home automation and commercial presentation center
solutions. These include wiring for lighting and remote
controls on the TV sets and security and access control
systems, home theatre packages and climate control.
The Company offers both wired and wireless technology for
new housing units as well as existing buildings, using both
traditional component and Windows Vista-based systems. ILC has
been supplying custom IT solutions since 1994 and home
automation equipment to third-party installers since 2003. To
use the Canadian simile, it’s been busy as a beaver of late,
taking on projects that should flood its revenue stream over
the next three years into the tens of millions of dollars (all
figures in U.S. dollars unless specified otherwise).
The devices on which Intelligent Living has staked its
reputation can automatically turn on a homeowner’s lights, the
stereo in the living room, all from the flick of a switch from
the garage or a key command from a cell phone or PDA. They can
also turn off the lawn sprinkler if rain is detected, alert a
parent to the safe arrival home of a child if that parent is
out of the house.
Since 1994, Intelligent Living through its sister company MCM
Integrated Technologies, has been a Microsoft partner and
respected builder of personal computers for the business
community, and reseller of computers to manufacturers such as
Hewlett-Packard, IBM and Toshiba, among others.
In July, the Company completed the system design, equipment
layouts and budget estimates for audio/video automation and
security monitoring of a development in the Phoenix suburb of
Tempe, a project worth upwards of a million dollars. Later
that week came word that ILC completed the system design,
equipment layouts and installation of structured wiring for a
comprehensive digital-home project in a $2 million home
located in Vancouver's upscale Kerrisdale village.
To conclude the month of July, ILC announced a case study and
joint promotion with Microsoft Canada®, to highlight the
technical features of a recently completed smart-home
automation and entertainment project using Microsoft's Vista™
technology. The $100,000 system includes integrated
audio/video, lighting, security and HVAC elements and
controls.
It was in December of last year that Elgrande International
acquired Intelligent Living, and the results are promising for
the parent company. Results released in May for the quarter
ending in February showed positive operational income for
Elgrande (whose stock trades on the Over-the-Counter market
under the symbol EGDI), of $39,221, on revenues of $136,123.
That’s a ratio of operating income to revenues of 29%.
Net income in that quarter was still in the red by about
$62,000, although that loss was reduced by a gain on foreign
exchange by about a third to $41,000. Elgrande Chief Operating
Officer Michael Holloran was nevertheless encouraged, calling
the figures “gratifying results compared to our historical
performance and comparable quarters.”
Holloran duly noted that demand for smart-home products was,
and is, on a definite upswing, and added that a backlog of new
orders in both the new home and renovation markets gives him
and his company particular cheer.
What should capture small cap investors’ attention is that
this appears to be a stock just finding its feet. EGDI’s
shares have scraped below the one-10th-a-cent mark during
April of this year (0.001), its 52-week peak a relatively
Alpine 0.03 during August 2006. The market for stocks
associated with electronics remains somewhat volatile and
stocks in general endured a downturn in the latter part of
July.
Still, the parent company, Elgrande, and its new subsidiary,
Intelligent Living, have plans to move up the ladder, and the
recent lucrative contracts it has signed show it’s set to make
those plans a reality.
For now, shares in EGDI are truly in the bargain basement, but
the company is ambitious to provide a “home” for small-cap
investors, much as it has done for its clients on Canada’s
Pacific coast and in the American Sun Belt – homes with
conveniences once thought futuristic. EDGI’s future is at
hand, and investors owe themselves a look at this future!
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Although the majority of
AllPennyStocks.com reports are independent, it has received
compensation for carrying the report on
Elgrande International,
the compensation is six thousand dollars by a non-affiliated
third-party, ShazamStocks Inc.. This creates an inherent conflict of interest and readers
are encouraged to view the main disclaimer at
/aps_us/company_spotlights/archives/egdi.asp
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