Gatekeeper Systems Inc V.GSI

#1 Bus Dealer

[IDLE_ii]

very impressive to snag a contract with the #1 bus Dealer.

[Torontojay]

and a 2 year contract! Adds to the recurring revenue stream that should be a 50/50 split in 3 years according to  the Dougler. 

[davewho]

Not a huge contract but wow you have to like its with Midwest. What an opportunity being with the the #1 bus dealer in the US. Way to go GSI! Competitors will take note. For sure. Locations Archive - Midwest Bus Sales

[JamesWW]

1/10 of all last years revenues. Aka 10%. Not a big contract? Seriously? Are you an idiot? Who would say that other than a troll? 2 million dollars in one go. Say thank you Doug Dyment.  

[Dunworkin2]

  The contract is over two years James, so dollar value wise it's not overly significant.  I like that it is with the largest bus dealer in USA. Now that is huge and positive for GSI as it should open the door to more business with them, that is/will be the icing on the cake....more deals and bigger deals. GSI's footprint on the USA map is ever expanding, that is big news

[Ciao]

I'm trying to understand how this $2M contract works over 2 years. Mid-West is already an existing customer, they will recommend GSI's new products as options on their buses. Did they commit to buy $2M of product over 2 years. If sales take off in year one, they could easily purchase more product, so I'm thinking this as with anything else is a minimum purchase.

[davewho]

yes you are correct we had a contract with them back in 2018. Midwest Transit Equipment Inc. Chooses Gatekeeper with $1.5M USD Contract Award Abbotsford, BC July 12, 2018 – Gatekeeper Systems Inc. (“Gatekeeper” or the “Company”) (TSX.V: GSI; OTC: GKPRF; FSE: 1GK) is pleased to announce that Midwest Transit Inc., “MTE” of Kankakee, Illinois, has chosen Gatekeeper to supply a minimum of US

[JamesWW]

thanks troll  

[Ottawa10]

  The consensus from most posters is that this is a minimum.  Doug is humble, if anything, I think he plays down these NR's.