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5.0. EDSR 10-14-1997
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5.0. EDSR 10-14-1997
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City Government
type
EDSR
date
10/14/1997
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AMU Corporation <br /> • Page 5 <br /> Second Year 16 Marketing Areas = 2650 Systems <br /> Third Year 24 Marketing Areas = 4700 Systems <br /> COMPANY NEEDS: <br /> Personnel <br /> The Company anticipates hiring up to 12 employees by the end of the first year with 22 <br /> planned by the end of year two. The first year includes (2) customer service/office, (1) <br /> distribution/shipping, (6) assembly/fabrication and (3) sales positions. The Company <br /> intends to pay its employees $8.00 + per hour. Benefits will follow as the Company's <br /> sales/benefits increase. <br /> Financial <br /> Uses of Funds <br /> • Equipment $ 25,000 <br /> Working Capital 225.000 <br /> Total Uses of Funds $250,000 <br /> Of this amount, the Company is raising $100,000. The remaining amount can be <br /> completed in two equal phases. Currently, the Company has approximately $30,000 in <br /> inventory. <br />
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