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ILI Technologies (ILI:TSX-V) is a Calgary-based company providing innovative products to the oil and gas sector. The scope of ILI changed dramatically in 2006 with the purchase of a coalbed methane (CBM) pump supplier along with the distribution rights for Thermoflex Tubing. ILI’s primary strategy is to tap existing and new distribution channels to increase sales for its pumps and piping products.
The company has dramatically increased its sales and marketing efforts with operations in Canada, Mexico, the United States and now China. Negotiations can be lengthy when dealing with major international producers and service companies, but management is confident that ILI will be able to secure additional orders during 2008. As at March 31, 2008, the company had positive working capital of approximately $4.1 million or $0.19 per share and minimal long-term debt.
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