Vindai Corporation Releases Its First Monthly Shareholder Communication

To Vindai Shareholders

We, here at Vindai recognize that as a public company, we have a responsibility to communicate with our shareholders. We also recognize that we have been failing miserable at fulfilling that responsibility. In this letter we will attempt to answer some of the most frequent questions we get, and to explain the reason for our lack of communication, as well as assuring you all that we will do better moving forward.

The past few months have been the busiest we have ever experienced. When we decided to spin off our group into a public vehicle we never anticipated just how busy we would be with the public portion of the plan. The paperwork, documentation, government pushback, and additional rules and regulations are overwhelming to say the least. However we are a dynamic and adaptable organization and aside from a couple months worth of dancing around we managed to get on the right track and, we are all confident that we will prosper moving forward. In the Government and large corporate fulfillment business, we have always dominated. Operating under several subsidiary companies we have focused on State and Federal contracts for a long time and learned the system well. We did not anticipate the added complications that being public has brought. As a result a few things happened that we did not expect and that while these things did not damage our business permanently, it definitely changed the way we do business a little bit.

The first complication was that we cannot bring past business under the Vindai umbrella and can only count new contracts we close from the date of the merger forward. This is not optimal because we would have liked to show the tremendous revenue numbers our existing business does, but we must follow the rules like anyone else. So the bad news is that while we are definitely not starting from scratch, we will be a startup in terms of our balance sheet. Second, it came to our attention that we must file to become state and federal vendors all over again under the Vindai name, and that is what we have been doing for the past month. New York, California, Florida, Federal Armed Forces, and more have all been a major priority for us and I am happy to announce that over the past two months we have gotten it all on track and qualified us to be vendors for them all. It was paramount that we get that done, and we did.

Second we announced some new technological developments. We had already started several patent applications when the merger took place and we needed to go back and refine those to fit into our new strategy. I am also glad to announce that we have done so and the first of many patents should be ready for filing very shortly. The developments in the lab are groundbreaking but must be protected before we can speak about it publically. I know everyone wants more information, but we must focus on what’s best for the company and protecting our intellectual property comes first.

Lastly we needed to continue with existing business and service clients as usual, and with the whole team working very long days, we managed to efficiently do all of this without a problem. We are a service and fulfillment/procurement Company and we must fulfill existing agreements of course and that consumes man-hours, making it very tough for us to make time for press releases and tweets. I am sure everyone can understand that when you must make a choice of what to spend time on, building the company must always come first.

So, now that we have explained where we have been, let us talk about where we are going. We clearly have a lot more time freed up now and we can begin making public information an integral part of our business. For starters, a monthly communication like this one will be put out each month to update everyone on what we are doing.  We get many emails asking when we will put out news. Regular Press releases will be a big part of our public strategy moving forward regarding contract closings, and technology development, but I must stress that we are focused firmly on one thing; building the company. Our main interest is NOT going to be hype, public image, or investor exposure, and so while we will put out regular material announcements we absolutely will not cater to people pushing us to put out news for the sake of news.

            With all of that said we have some very exciting developments coming. We have started the process of bidding on many very large fulfillment contracts. These contracts are based in the twenty million to one hundred million dollar range; so closing just one of them completely changes the playing field. We feel very strongly that we will close several contracts in early 2016 or sooner, which is very close. We also have several technologies in development with specific Government agencies in mind and we think we will be in a position to announce development very soon as well. It is our plan to release prototype tests via video to the shareholders, so they can see these unbelievable developments unfold as they happen. It is all very exciting stuff. Lastly we have already started the process of gathering financial data and records so that we can file a form 10 and make GVSI a fully reporting company. We believe this is critical as in the next phase of our development financing will be needed to go from a company doing twenty million dollar contracts to a serious player in the industry, and raising money as a non-reporting pink sheet company is just far too difficult, and expensive for everyone. Becoming a fully reporting company is actually a top priority for us, and although it will take us time, we will keep our eye on that goal as something that is absolutely critical to our future growth.

So I hope, in this communication, we sufficiently explained why we have been fairly quiet for the past two months, and I hope that we gave you all a peek into what is to come. I know we are all very excited and have never felt more positive than we do now, so hopefully that is conveyed in what we put out and hopefully it develops into a lot of success for Vindai moving forward.

Thank you

Vindai Management