2019.09.11 CEO Interview excerpts
a couple of different hotels now, first it was only one
could hit a major chain
not just NY
getting real close
typically business pays for guest
typically expects 50-60% of (business?) guests to use it
waiting on Supreme Court to decide if taking the case
also hopes legislative action passes into law
transcripts of 2 parts of the interview
1:05 [Overview of deals]
"We have some great new products, businesses that are going to be closing in October or November. The hotel deal is looking excellent. It just takes forever and I mean forever but we are getting very close on that. We have a major deal, another major deal that I can't talk about the name, but it'll be closing and it's definitely a huge deal, one of the biggest ones we've ever been doing."
"By the way after the first 2 quarters it was $430,000 something, something in that ballpark. $309,000 was only the second quarter so we expect to come close if not hitting $1,000,000 which would be a nice number to occur. Obviously that is based on one of the prior deals we expected to get done, it's still not done, it is in final process now, it might be in real soon, don't forget a lot of that those users paid for it already, that's where we got the revenues from
, but there is 1 million or so more and we see a lot of those getting done. Keep in mind whenever a deal is done, all the contracts are done as I've said before, but once a deal is actually done and is tested out and is ready to go, it takes a couple of months for us to get the monies from that but
As soon as this deal gets done
, and any other deals we have going on, which we have again some other larger ones happening at the same time
, in October November we expect to be putting out PR's explaining them in more detail, and giving names of what we can and expect to get. These are the big ones we have been waiting for for a very long time
and working very hard towards developing. And we see some huge numbers coming up towards the end of the year which sounds unreal but it's real and we just can't say when because we don't know when. It's as honest as all that."
(Interviewer: With a marketcap of around a tad bit under $5 million with a possible runrate of $1 million in revenue, what do you want my listeners to take away from this interview?)
[Summary and Revenue guidance]
"Well, we've said a lot of times that we're expecting some real big deals in the near future and they havent come up yet and I understand that's frustrating and tough to expect, but these deals are ready to go. We are talking daily now to these companies. They are very very ripe and they will be very large. So
the good news is the numbers have grown, will probably hold and or continue to grow, towards the end of the year, definitely into next year. I think we're starting to make a big difference and will eventually make enough to not have to borrow additional money which would be phenonemal, and that is why I'm still around. Yeah this is exciting, very exciting, very real and
this has been a very hot summer for us, and not just the heat either."