RE:Question to the board...Just guessing ..... sounds like it's related to volume ?
See one example @ https://globenewswire.com/news-release/2014/12/11/690594/10112022/en/Peak-Acquisition-Target-LongKey-Takes-Important-Step-to-Accelerate-Growth-of-IFS-Product-Offering.html
2 quotes from the link above:
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ICBC has over 2 million manufacturing clients, including approximately 100,000 in the province of Zhejiang alone, of which about 5,000 are currently on standby to be setup and registered on the platform. Each ICBC manufacturing client has on average about 80 small businesses and entrepreneurs who purchase products from them. There are currently over 400 registered manufacturers and 2,000 small business owners and entrepreneurs using the IFS platform.
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When we met with ICBC and came up with the concept for the IFS platform, we had no doubt that it would be well received by the manufacturers and those who buy from them," commented Liang Qiu, LongKey's CTO and head of the IFS project. "However, we underestimated just how positive the response would be, both from the manufacturers and their reseller partners. We never expected to have a backlog of manufacturers waiting to be setup on the platform so soon after the launch of the project. It's obviously in our collective best interests to get them setup as soon as possible, and having some of our employees work directly within ICBC's premises is an important step to allow us to achieve that goal," concluded Mr. Qiu.
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