WOW....Kent getting it done.... Few things you m
Post# of 4425
Few things you may not realize about your company Oak River Technology...................................
We now have 9 Insurance Carriers we are authorized to handle premiums administration for. Doesn't sound like many does it? Did you know those 9 companies represent 75 Million + life's?
ORT's solution is wholly owned by ORT, developed by ORT. Why do you as a shareholder care? ORT technology is a major asset along with our revenues and customer base. Our technology has applications in multiple business verticals. Not just the insurance industry. We are now negotiating licensing arrangements with companies wishing to white label the ORT Dashboard. One has already been signed. Companies that previously would have been regarded as competitors. We drive a upfront/one time licensing fee with residual income from these arrangements. The ORT Dashboard was built with this in mind. We can be "plugged in" to existing platforms quite easily allowing a expanded functionality to many other platforms such as Human Resources Enterprise solutions or Payroll Companies platforms for example(s).
Our Six Sigma driven solution architecture allows us to put millions of life's on the Dashboard while not requiring any additional overhead/resources. This makes our profitability significant compared to others who must add people/systems etc. as their customer base grows. Our model also allows us to operate without requiring in-house customer support/sales departments as our solution pushes these requirements out to existing sales forces and existing customer support teams managed by our customers. We support our customers and they support their customers so to speak. So if we have 9 customers they have thousands of sales agents and significant investments in customer support that we easily integrate into. Bottom line is our (your) technology, business model allows us to operate with higher margins at much lower cost than our competitors. Important to our customers is they do not introduce another relationship into their existing customer relationships. Our competitors are often viewed as a threat in these existing relationships.
Just wish to share one line from an email I received from a Broker in Dallas yesterday to drive this point.
"Thanks for your time on the phone today. I am clear and so is my client on the process. Good!"............
He knows we are an asset to him growing his business and not a threat to take his business.
Efficiency, profit margins, volume,multiple revenue streams.
These things are what makes your company unique and a game changer.
All great things started somewhere. Thank you, our investors, for being with us at our start.
Now hang on