Car Washes R Us

Fort Renovations: Ongoing - vending machine wall and security upgrades are currently being conducted. Current construction schedule notes that the wall with vending machines should be in place by the end of February 2006.

Edson Car Wash: Construction underway. Underslab installation in progress. New pictures expected on February 26 2006 after site visit.

New Washes: Travelling to International car wash show for March 13-15 2006 for Truck Wash Automatic and Self Serve research. This research will help flesh out the Fort Car Wash Phase 2 expansion as well as the new Truck Wash Concept for the Alberta Marketplace. We may even end up moving into the Western seaboard area should the opportunity arise.

Due to nature of this business, our knowledge of the issues and solutions required, and the upside potential - all I can see is opportunity for this type of venture. Using a hub and spoke setup, I have already determined a dozen excellent locations in Alberta along with another dozen along the Western seaboard along with supply chains to best deal with the inherent problems in a system of this type.

I also envision a variety of offshoots starting with advertising revenues, chemical sales, as well as our own branded accessories. I've got the branding, got the drive, and I've got the assistance I need to make it all work out. Now I need to prove the concept in a location or two nearby - and the rest is a clear acceleration.

Not that there won't be issues. Seed capital is a big one right now - but not because it's not available, but more so because we're not 100% sure how to structure everything. What I wouldn't give for some books on corporate structure and financial strategies leading to minimized downside potentials. I have a few people in mind for the capital involved - one or two of which I am leaning more towards than the others, but as always Captial is available.

The other issues will arise during the proof of concept stage - but are fully managable. I can see a clear burn on this concept for as long as trucking is our main source of overland transportation. I am concerned about the primary resource based economy - but at the same time if I can prepare from now with as little debt in the operating companies as possible, it may be totally viable to not only survive the downtimes, but to thrive in them as well. Distinct opportunities will arise during those periods, and as long as goods have to be shipped via industrial and long haul traffic routes our base rates of renumeration will always be available.

More research awaits me - and that's a good thing. I need to stay humble, focused, and driven - things that research and development helps breed in the right people. Well, here's to the future and all it holds.