Pounce Technologies Inc. V.POI.H

RE:Q3 CC sept 30/16

[MuadDib]

In respect to your first comment... I heard,"largest clients". There's no doubt SLC has a high level of risk/reward. I believed the large client's NR would be issued this quarter. I'm disappointed that they weren't. My takeaway from the call... management doesn't want to give up. There's so much potential! Even if there's more dilution, I'm comfortable with my current investment. I'll be holding for the next year to see what happens. BTW, I love Ted as a CEO!! IMHO GLTA

lscfa wrote: What I heard.....

SLC Sept 30/16 CC

 

Continues to sign retailers at a steady clip

 

In the midst of launching its largest client to date

 

After licensing SLC's core search tech, almost every retailer goes on to license additional SLC services which doubles and triples the fee revenue

 

Prominent placement of the SLC camera icon on home screen search bar of retailers apps leads to increased search volume and engagement

 

Streamlining has resulted in 1/2 the employees needed to run operations and maintain accuracy scores above 90%

 

Ave retailer search volume is 71,000 per month, up from Q2

 

B2C generates 1/2 of SLC revenue

 

New version of Craves app has increased user retention by 6x

 

Many new customers on the B2C side and hopeful some will become 

B2B customers

 

Applied for government grants and loans but it is slow; also working on additional financing

 

Since June, BIG (Cam and Erica) made $400,000 in bridge loans to SLC

 

Cash flow positive when reach 50 customers which is projected for end of 2017

 

Cash burn has been reduced since Q3

 

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