IMPORTANT: FUTURE RECURRING REVENUE
Jul 18, 2017
OTC Disclosure & News Service
Woburn, MA –
IMPORTANT: FUTURE RECURRING REVENUE
To All Shareholders: Woburn / 18 July, 2017.
We are very pleased to inform all our shareholders that a key aspect of our growth is to secure long term recurring revenue streams, and over the last few months we have been developing a new subscription based pricing modal for our Monitoring Software Solution, Sentinel.
As our revenues are now significantly growing, we are at the same time focusing on our recurring revenue stream, that will underpin our financials and add value to the business
We already have significant interest from the market place, and have signed a partner agreement with a US based Software Hosting Company, whos intention it is to promote and provide the solution as an add on sale to all of its clients. We also have verbal commitment from a banking organization, and are expecting their purchase order any time.
Developing this new business modal is a significant step in ensuring our long term growth strategy, most of the leading software vendors across the globe have adopted Software as a Service (SaaS) subscription based pricing modals, and it is seen to be the standard now for most corporations when considering their future software acquisition plans whilst enabling them to reduce their capital outlay.
We are pleased you can be part of our future success.
This shareholder letter contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry, and that reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, expectations regarding the successful expansion of our product base, profitability, market acceptance of our products and new product applications, timing of new product launches, product performance, size of prospective markets, marketing strategies, success of our restructured operations and plans, our ability to generate fees or raise capital to support our business operations and plan, the sufficiency and availability of working capital, changes in economic conditions generally and in more specifically, the introduction of competing products, changes in our operating strategy or development plans, patent protection for our products and technologies, changes in economic conditions generally and in more specifically, in the markets we operate, changes in technology, legislative or regulatory changes that affect us. We undertake no obligation to revise or update any forward-looking statement for any reason.
This release includes additional documents. Select the link(s) below to view.
SPO Global Shareholder Ltter 18 July.pdf
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