5.0. EDSR 10-14-1997 - Laserfiche WebLink

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Protector Care, Inc. • Page 3 assessment of needs and are positioned to recommend CareStairs. After the medical and practical credibility has been established, it will begin direct marketing and distribution to the end user. In preparation for establishing the dealer network and to introduce the product, the Company attended several national trade shows in the fall of 1996 and will attend as many as twelve trade shows in 1997. It has also developed a comprehensive in- service educational program for home care staff and therapists. Manufacturing Production, packaging and shipment of CareStair is currently done by contractors. This has allowed the Company to have minimal initial investment in tooling. Pilot production has been completed to validate the process, determine production costs and build a small inventory. The current production method has a capacity of 2,600 steps per month. During the first year following permanent funding, the Company expects final assembly, packaging and shipping can be done more efficiently in its own facility outside the metro area. • An investment in special tooling is planned for 1997 to increase capacity and lower cost. The tooling, unique for each of the aluminum parts, will allow the use of a punch press to perform all cuts, holes, corners and notches in one operation. Tooling acquisition may necessitate more production be done in the Company's facility in 1998. The chart below summarizes the projected manufacturing needs. Mfg./Assembly Warehouse/ Tooling Square Shipping Revenue Acquisition Footage Employees 1997 $370,000* 100.000 2-3,000 1 FT, 2 PT 1998 3,700,000 125.000 10-12,000 18 FT 1999 9,000,000 - 25-35,000 30-40 FT 2000 17,000,000 - 50-60,000 70-75 FT 2001 28,000,000 - * Assumes 1997 $1.5 million financing obtained. •