iSIGN Media Solutions Inc V.ISD.H

Scalability of Sam

[Widwilly]

From Chartwell's July 10th update link note  "Our regional and corporate support teams continue to work diligently to provide clear direction and timely communications to our residences' teams to allow them to focus on uninterrupted service and care delivery to our residents."

https://www.bloomberg.com/press-releases/2020-07-10/chartwell-provides-business-update-related-to-covid-19-pandemic

Chartwell alone could yield up to 80,000 subscribers comprised of patients, caregivers, admin staff and up to 2 to 4 family members as well as friends

"ISIGN MEDIA'S SAFETY ALERT MESSAGING (SAMA) SOFTWARE SOLUTION ENABLES RETIREMENT HOMES, LONG-TERM CARE FACILITIES AND NURSING HOMES TO COMMUNICATE WITH PATIENTS AND FAMILY MEMBERS INSTANTLY

iSign Media Solutions Inc. has expanded upon its offer to supply its safety alert messaging (SAM) software solution on a no-charge basis to address the spread of coronavirus/COVID-19 and beyond.

On March 23 iSign announced its SAM cloud-based system was being offered at no charge for a six-month period commencing April 1. While targeting the roughly 20,000 senior homes in Canada, this offer is also available to hospitals, businesses and local, provincial federal governments. The purpose of this offer is to allow for instantaneous alerts of updates, emergencies and general messages as required or requested by the system administrator.

In Canada, iSign has partnered with Corbiz Strategies to introduce SAM to its contacts at thousands of seniors homes and long-term care facilities across the country. Corbiz has arranged for a number of continuing conversations and presentations to home administrators to date, with more to be scheduled.

Currently, Corbiz is finalizing the registrations for 11 seniors facilities in Western Canada, involving 4,400 seniors and family members. Registration is currently under way for a few dozen homes in Ontario, Alberta and soon in British Columbia. While there is no obligation for a home to continue with the use of SAM beyond the six-month free use, iSign is confident that many locations will contract for the use of SAM once the no-charge period ends. iSign's fee per registrant will be in the range of $36 to $48 per annum."

Two more months of free service

Based on 36$ per registered user

Seems like 400 user base per home is a reasonable assumption on projected cost per home

$15,000 per home annual licensing fee to reduce communication time with all family members and staff on a daily basis

Even at 7500$ fee per home at 18$ per registered user

500 homes @7500$ per year fee = 3.7 million yearly reoccurring fees

Canada potential market size 20 000 homes

Usa potential market size 60,000 retirement homes

Massive scalable market

Average cost to each retirement home will be insignificant for the value it will provide to all family members and the care provider.  Long term care facilities have always been a worry for families & now the care provider can disseminate clear and timely communication to help alleviate family concerns quickly.

[matus]

Hi Widwilly, the info looks promising for sure. All we can do is sit back and let the picture unfold. What's bothering me is the fact that they always state how much revenue could be earnt. It's a bit unprofessional, don't you think. They have the tendency to count the chickens before they hatch. This is not the first time for these so called revenue streams. Honestly how often

[Widwilly]

Totally agree with you Matus. As a company we have a history of over promising and under delivering, quoting revenue figures that are never realized,  I see the current difference being that the long term care facilities don't need to look for revenue streams from advertisers to pay for this system.  The benefits of SAM itself justifies the expense for the care provider.  The

[matus]

Hi Widwilly, one thing that entered my mind is the estimated amount payed for each user. In this case it was valued at 36 dollars per user.   Now I am expecting that Cobiz will take bit of the cake, due  to the fact that they are getting the customers signing up.  In that case the numbers seem to be a bit too high, don't you think. 

[Widwilly]

Quite possibly Matus as only the market of supply and demand will ultimately establish a true dollar value for this service.  Obviously Corbiz & ISign want their revenues and the end provider wants it as reasonably as possible.  The care providers will write off any costs against their corporate costs and can easily justify the expense (as long as its reasonable) to their governing