Jeff_DiPaolo_Lumificient

Sorry, forgot to answer one question, I do not think they could be selling the signs for $400 since in most instances our LED quotes to them were far more than that.

Manueal, I am intimately familiar with you, your company, and your past and current products, and I certainly have no desire, nor any inclination, to engage you in a battle of throwing half-truths around. I know about your financial "solvency", and I know of your 100% prepayment terms, (frankly, I could let the world know of some of your business pratices that they would all find very interesting). You should know several things, 1) I am not Zdenko, 2) I was in the sign industry prior to working in LEDs for over 20 years and, as I said, know you very well. So if I understand your points, your company is in an extremely strong financial position? Really? Would you care to show any verifiable evidence of that? And, you also have access to Lumificient's financial reporting? I sincerely doubt that. You mention you are extremely well known by the end retailers, and I have no doubt of that, because in my past experience I was with a sign company that used your products in a major changeover that we actaully had to go back to 75% of the locations and replace the product, (you were gracious enough to replace the product, however never took care of any of the tens of thousands of dollars in labor costs we incurred). So I guess you could say you are well known by the retailers. Finally, price was not the determining factor in Starbucks. You can float all of your posturing statements here, which you and nobody here have any way of verifying, but I was the person who personally has met with Starbucks on numerous occasions for their program, and you are totally off base. So you are personally responsible for Cree's stock going from $15 to $75? Congratulations, and can you give me any stock tips? And to answer your question, we are 80% U.S. made , right in Maple Grove Minnesota. So we do not have to worry about trade agreements, or tariffs as much as you and all of the others. At the end of the day it is as simple as this. We have an outstanding system that is unmatched in many key areas, and we are making some major strides in gaining national programs, which we had not focused on before, so I personally welcome the challenge of competing with your company on all levels. All the Best, Jeff

Jeff - I am not sure we ever crossed paths - nice to meet you as well. My understanding from one of Starbuck's leading sign companies and from someone inside Starbucks was the reason they selected your product - congrats - was because it was the lowest price. I had an opportunity to advise Starbucks on what to look for and what to stay away from - they are really interesting people. We even were part of a proposal that came up with a unique (and I believe patent pending) and clever way of retrofitting a neon letterset without removing the hazardous neon. So Jeff - I am pretty well known by end retailers - quite a few actually. There are several sign companies that cut corners or are in violation of UL or NEC standards that dont like me much because I think it prudent to make the retailer aware of any potential safety or fire hazard. And then Jeff there are a whole bunch of sign companies that are not very cash solvent so they cannot accept our payment terms of 100% prepay. But then again Jeff I am sure you know we were the largest ImagePoint LED vendor and we were not affected by their demise - our payment terms and our cash solvency proved to be pretty savvy in these interesting times. But - since you are out raising money again and have a rather "interesting" balance sheet I guess being in a strong financial position is not normal to you. I think if you do a bit of research you would find that I am, have been, and always will be on the investor side of things as well and will let you know that I may be a silent investor in a lot of companies in this space. Hell - I got someone a job at CREE when their stock was at $15 and they took an idea I had developed of a recessed LED light and turned the stock into $75!!! Welcome to the board Jeff - and thanks for posting. But...can you provide any insight onto the $400 per sign? I was told this by 4 of their sign companies. And, from past experience, and from knowing other companies in similar situations (like agreeing to pay for all sign service - ouch), that this is clearly a losing proposition. But for that matter, so is building products in China - a destabilization of an economic relationship between USA and China and the eventual public report about China manipulating currency will resort in increased tarifs on incoming products. Where do you build your products? I doubt you do that in Florida. We are based down under in New Zealand with our customer service offices for North America in Las Vegas. And why New Zealand??? Well, New Zealand is the only country in the world right now that has a free trade agreement with China...and it looks like one she put in place shortly with USA as well. And - if you would like to discuss any of these issues - please feel free to call me anytime. I talk with a few other competitors openly on a regular basis. Guys at SloanLED, US LED, and GE dont talk to me much - they didnt like that I sued them for patent infringment. Intellectual property is worth a lot to those investors of yours - you will be hearing much more about that soon. Submit your parts to the test on this board - we really miss Zdenko (right Marko?) - hopefully you fill his charming shoes. HEHEHEHEHEHE This is gettin' good Manuel you remind me so much of me...kinda brings a tear to my eye LOL!!

Hi Erik, We would love to participate, how do I get involved? Thanks for the invitation, Jeff

Mr. Lynch, Before you go posting comments in a world-wide forum such as this, you may want to get your facts straight. Lumificient is not a defunct company, we are a wholly owned subsidiary of NEXXUS, and we have manufactured a very high quality LED sign system for approximately 11 years. You are mixing our product and its track record with another product NEXXUS used to own, which is no longer sold. NEXXUS does show losses on paper, that's typical of a company that is in the start-up phase of some major product releases. This is validated by the fact we just raised several million dollars in a secodary public offering to fund those initiatives. Therefore, investors were privy to information, and were willing to dig deep enough into their pockets to give us those millions. Again, you do not have THAT information. Unlike most of the LED systems manufactured today, Lumificient's Hyperion R-Lite system has never had a major failure of any type. Period. In fact, our rate of warranty claims (5 year warranty on everything except power supplies, which are 6 years), is .0015%. There isn't another LED system out there that can match that. Hopefully you are aware that your comments about a company like Starbucks "sink(ing) to these levels" will not do anything to boost your image with any prospective users of your product, or the retail chains themselves. Best regards, Jeff DiPaolo Director of Business Development