2Q2013 revenues won't be much to write home about, but pay

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mdimport

2Q2013 revenues won't be much to write home about, but pay attention to the detail in the mid-year progress report:

"....

Partnership Agreement with Empasys and PreWay:
In January 2013, Cyber Kiosk along with Empasys, a leading full service software provider, and PreWay, a pre-paid provider of top-up wireless services and complimentary products, joined together to bring an upgrade to their old Point-Of-Sale (POS) systems within their combined 20,000 merchant locations nationwide. The Companies have developed a web-based portal that was launched in approximately 4,000 merchant locations as of July 2013. The web-based portal allows for greater ease of transactions and provides merchants with a greater compilation of products and services. Owners and employees of recently launched locations are either finished or currently training on this new system.

The partnership expects to earn residual revenues and transaction fees from the utilization of the web-based portal in Q3 2013, of which Cyber Kiosk will retain a portion of these revenues. Plans to evaluate locations’ profitability will be done quarterly. The results will then determine if merchants are due the next upgrade, being a tablet or a free-standing Cyber-Thingy[TM] kiosk.

....."

http://finance.yahoo.com/news/cyber-kiosk-sol...00496.html

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