RE:RE:RE:Plans outlined in the Listing Statement...
Business Objectives and Milestones
The Resulting Issuer intends to use the proceeds from the Private Placement for completing the Second Acquisition,
assisting HTSI with sales and marketing, the filing of additional patents and intellectual property, for further
development of its software platform, and for general working capital purposes. The funds from the Private Placement
will also be deployed to promote both software and business development. The funding will enable HTSI to hire more
employees and consultants immediately and over the 12 months following the Closing. As of the date hereof, the
Company has raised total gross proceeds of $5,100,000 under the Private Placement of which US$600,000 was
advanced to HTSI prior to the Closing to utilize for further development of its software platform and for general
working capital purposes.
Both the EIS and Vauban products are commercially viable with Vauban currently being configured for use in beta
mode with two customers and EIS being tailored for commercial customers and users of Oracle’s portfolio
management software. Additional modules for Vauban are also currently in development that target a cryptocurrency
solution for the mining industry. In both cases, the products have achieved the commercial production stage but
require additional work to support effective commercialization in their respective target markets.
The major functions associated with commercialization will include, customer relationship management, engineering,
development operations, and product development. Using an agile development approach, the plan is comprised of
three phases that cover a 12-month period:
a. Phase 1 is a prototyping phase that will involve engaging five early adopter customers to use the software.
These early adopters will provide operational test environments, giving valuable feedback that will allow
HTSI to better determine the correct developmental path, and ensure product-market fit.
b. Phase 2 will test the product development hypothesis generated during Phase 1. To achieve this, HTSI will
identify a second set of 20 companies to buy subscriptions to the software who would be interested in doing
a limited roll-out. Based on feedback and lessons learned, HTSI will make appropriate modifications to the
software and our business processes.
c. Phase 3 is the final phase and will primarily test HTSI’s marketing and sales strategy to enable it to fine tune
strategies and tactics for market growth. During this phase, HTSI intends to increase its customer base from
25 to 100 paying subscriber companies. HTSI will be testing its marketing strategy and lead generation plan,
as well as determining its initial business metrics. Metrics that HTSI will be developing for future monitoring will include sales closing ratios and SaaS performance measures.