Obviously, the prerequisite for involvement in this project
is an understanding and an appreciation of what I’m trying to accomplish with
my work, namely, creating tables unique to the public domain. Santa Fe is the
most likely area to embrace this type of artwork, don’t you agree? As I stated in the ad, I’m looking for someone to share my
vision, as well as be the finance co-ordinator and marketing agent for the
company. On my own, I can produce only 6 tables a year up here in Ontario, with
a turnover of $300,000 US per.
I managed to find a start-up investor in Jan / 06 near
Toronto, Ont., who allowed me to develop 2 prototypes from designs I created
last year. Both tables were plotted with a 3D computer program, and then
transferred to a DXF file for the computerized router tool path. Polyurethane
moulds were made from the Renboard machined tops and cast in Epoxy. The battery
operated, remote controlled motorized lift was outfitted with a custom made,
electronic circuit board specific to the table’s function. The glassware was
produced from my guidelines and I’m sure you agree the glass gals gave me their
best interpretation of what was required. The artwork is my own abstract
mono-print technique and laminating the canvas itself is a tricky technical
undertaking. Due to the cost of development, I am focussing on doing a limited
edition of 20 tables for each model for now, with custom interiors, rail and
canvas colours specific to the client’s wishes.
As with every new product, there were time delays and cost
overruns on this project, ballooning to a cost of $100,000 for the overall
production of the 2 prototypes .The total cost for EACH subsequent table will
be $20,000. My investor liked what he saw with the drawings, especially the
Fish and we signed an agreement whereby he would foot the bill for initial
development and then be bought out by someone who wanted in for a longer term.
He requires a return on his principal + 10%, which is $110,000 CND.
If you agree to become a new investor in DLT DESIGNS INC, as soon as my start-up guy is
paid, if you like, the crated prototypes of Models ‘48’ & ‘61’ will be delivered to you as security for
the investment . I much prefer them to be in the Santa Fe area anyway, for
display purposes. Also, I’ve been in touch with Susan Crowe of Santa Fe Trend
Magazine, and she’s informed me that the fall issue will feature small-scale
furniture designers from North America. A full page ad of my work in that issue
is a must. As well, Susan said there will be five days of design seminars in
conjunction with the release of the magazine in late Oct, attracting a wide
range of decorators and collectors. Part of the week is to be dedicated to the
merits of COMBINING DIFFERENT ELLEMENTS in creating works of art and by
extension, furniture art. What wonderful timing for DLT DESIGNS!
I can fax the original agreement drawn-up by a local law firm
upon request, along with copies of the company seal etc.
DLT DESIGNS INC requires $110,000 + $40,000 CND in the new
agreement to cover basic undertakings at this time.
As stated in the ad, we’re offering 18 % ROI on profits
annually, with a long term agreement to be decided for our mutual benefit. I hope you find this fair and attractive? We can also send you a copy of our /05 Revenue Canada Tax
return for the company. We have a $77,000 Tax credit because of start-up costs
incurred over the last 3 years.
Respectfully yours,
David and Dawne Thompson