Posted On: 10/30/2013 12:00:54 PM
Post# of 5115
Mid Year Progress Report (Aug 9) :
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.
We are now in the 4Q so revenues should be flowing
CYBK 4000 Web Base Launch Update (Oct 29 in the 4Q):
CYBK has added new locations to this already large roll out. Currently CYBK has trained 3 personnel that represent 1200 locations that are part of the 4,000 locations to be trained.
CYBK will be discussing with counsel the best way to help reward its shareholders who have been loyal and patient while the Company grows the business. The special reward may come in the form of a dividend and is expected to be announced in early November.
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.
We are now in the 4Q so revenues should be flowing
CYBK 4000 Web Base Launch Update (Oct 29 in the 4Q):
CYBK has added new locations to this already large roll out. Currently CYBK has trained 3 personnel that represent 1200 locations that are part of the 4,000 locations to be trained.
CYBK will be discussing with counsel the best way to help reward its shareholders who have been loyal and patient while the Company grows the business. The special reward may come in the form of a dividend and is expected to be announced in early November.
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Disclaimer: My opinion is based on extensive DD of a companies business plan and management. I am not a financial advisor nor a stock promoter. I am an investor. Please Do your own DD and make your own investment decisions based on you only and noone else.
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