Business Plan

Table of Contents Executive Summary Company Description Financials Management Investment Highlights 3 5 13 15 16 2 .

We are continuing to execute on our business model with continued revenue growth and low operating expenses. we are releasing MobileCord 2.0. which is already in production. IDC estimates that the number of email messages sent annually will increase from 2. MobileCord’s strength is in its strong R&D team. In addition to our license and service revenue. The growth in mobile devices and the increase in the amount of information flowing through an enterprise’s communication channels such as email and instant messaging presents an opportunity for MobileCord’s software.0 helps enterprise IT departments address the desire of mobile employees to have a unified view of all their communication channels such as email. 2001 MobileCord had $700. As of December 31. 3 . the number of worldwide handheld shipments is expected to increase from 8. which has built a product in MobileCord 1.1 million in 2000 to 18. MobileCord’s value proposition is in the increased productivity of an enterprise’s employees and the increased manageability of multiple devices and the communication channels connected to these mobile devices.3 billion in 2003. which supports new convergent devices’ telephony and PDA capabilities such as Short Message Service (SMS) and the Wireless Application Protocol (WAP). MobileCord’s flagship product MobileCord 1. Assuming a capital raise is completed early next year. we charge a monthly subscription fee on a per user basis that gives us visibility into future quarters. Inc.0.Executive Summary MobileCord provides enterprises with a software platform for unified mobile delivery of email. has no debt and has not drawn down on any credit lines. MobileCord. while allowing the IT department to manage multiple types of devices interfacing with multiple software packages and communication channels.9 million in 2003. According to International Data Corporation (IDC). We plan on offering our product to a variety of industry verticals and have already implemented our solution in the Consulting. In the first quarter of 2002. voice mail and messaging. We are also beginning to build partnerships with IT Services and wireless service providers. In addition. MobileCord could expand its sales and marketing to help revenue grow at a rapid pace. or RIM device. Windows CE. MobileCord offers its product through a direct sales force.000 in cash with operating and capital lease obligations over the next three years of $450. Financial. Our software enables the enterprise to deliver an employee’s most important communication channels on any Palm.6 billion in 2000 to 6. Most of our revenue is derived from license and implementation fees that are recognized after our software has been implemented. Manufacturing and Technology equipment sectors.000. voice mail and instant messaging.

000 375. VA 22033 Phone: (703) 123-4567 Fax: (703) 123-4568 Questions or inquiries should be addressed to Chris Chase.616.890 344.158 (1.229.782.730.020) 0 ($1.730.000 128.670.000 3. See financial pages for more detail. The MobileCord Fiscal Year ends in December.517. Projected Income Statement as of December 31.296 (1.000 Estimate Year 3 $1.000 192. Inc.890 100.Financial Summary The financial summary assumes a capital raise in Q3 of this year.000 Estimate Year 4 $3.530 389.988 Company Contact Information MobileCord.455) 30.512) 3.500 288.054.785 275.890 0 $1. is a Delaware corporation with offices at the following address: 400 Harden Street Suite 200 Fairfax.002.020) 100.000 (1.110 687.000 (1. net Income Before Taxes Income Tax Provision Net Income 1.890 $319.000 1.000 56.298) 0 ($1.351.902.200 6.054.330.902.544.350.170) 0 ($1.470.500 Estimate Year 5 $6.894 (1.240 (1.154.512) 0 ($1. CEO and Co-Founder of MobileCord.625 (1.000 1.505.256.330.275.360.298) 2. 200x (unaudited) Actual Year 1 Revenues License Revenue Professional Services Total Revenue Cost of Revenue Total Cost of Revenue Gross Profit Operating Expenses Total Operating Expenses Operating Income Other income.251.700 (2.406) 51.099 954.170) 4.470 1.375 119.519.215 255.251.895 3. 4 .170) 100. Inc.605 523.175 403.387 6.862.753.000 Estimate Year 2 $835.020) 5.000 963.

mobile users are cut off from the enterprise communication channels they have access to while in the office. after demonstrating more sales traction.0 early next year will include support for convergent devices with telephony and PDA capabilities. even when they are away from their desks. Windows CE. as the Wireless Application Protocol (WAP). MobileCord’s value proposition is in the increased productivity of an enterprise’s employees and the increased manageability of multiple devices and the communication channels connected to these mobile devices. MobileCord’s offering is most well received by an IT department which needs to support multiple devices while having the same access to email. voice mail. MobileCord 1. MobileCord’s flagship product. Market Opportunity Due to the rapid growth of the internet and corporate networks. In addition to this direct sales strategy. CE and RIM devices). the release of MobileCord 2. messaging) and the major mobile devices (Palm.0 can also run on one server at the company’s site as opposed to an ASP offering. web browser and corporate applications. Mallaber Consulting. messaging and wireless providers.0 provides users with a unified view of their email. different devices and email packages required an IT Department to set up different ad hoc solutions for each type of device. voice mail. For example. Standish Brokerage. MobileCord 1. We have sold our products to a variety of industry verticals. employees have access to a variety of information via email. Growing in parallel to internet and network growth is the widespread use of mobile devices and wireless infrastructure. Now MobileCord 1. we market our product through direct contact with Enterprises and their IT Departments.0 is the common platform between a user’s communication channels (email. voice mail and instant message updates. and the Short Message Service (SMS) standards continue to evolve. voice mail and other messaging channels on their mobile or remote device. the Palm. our business development strategy includes partnerships with system integrators and later. A representative list of our customers includes Hemlin Manufacturing. Windows CE and RIM devices require different configurations and work differently with major email packages such as Microsoft Outlook and Lotus Notes. partnerships with device manufactures. and Gerdin Systems. voice mail and messaging. MobileCord’s software platform addresses the need of enterprise employees to be in continuous contact with their communication channels. Before MobileCord.Company Description Overview MobileCord provides enterprises with a software platform for unified mobile delivery of email. The need for the unified mobile delivery of enterprise communication channels is grounded in the following trends: 5 . In addition. and email. Currently. or RIM devices. despite the exponential growth in internet and wireless technologies. However. Our software enables the enterprise to deliver an employee’s most important communication channels on any Palm.

These varieties of devices also interface differently with corporate communication channels such as email and instant messaging.• • • Rapid increase in the number and variety of mobile devices in use within the enterprise.1 million in 2000 to 18. The use of mobile devices continues to increase within the enterprise. Our solution enables an IT department to manage disparate mobile devices in an organized manner. Since the email channel is fast becoming the primary communication channel in the workplace.9 million in 2000 to 14. Demand by mobile employees for the same communication channels they have while in the office. According to IDC. 6 . Rapid increase in the number and variety of mobile devices in use within the enterprise.3 million in 2003. IDC estimates that the number of email messages sent annually will increase from 2.6 billion in 2000 to 6. mobile access to email is becoming a priority within the enterprise. new platforms such as Windows CE and RIM devices are making inroads into the handheld market. the demand for the same communication channels available at the office increases as well.3 billion in 2003 for a compound annual growth rate of 34%. the number of worldwide handheld shipments is expected to increase from 8. Since servicing mobile users is one of many challenges for IT Departments. Demand by mobile employees for the same communication channels they have while in the office. IT Departments are expected to deliver a reliable and easy to use solution to mobile users. While the number of mobile devices increases along with mobile workers and the amount of information flowing through their communication channels. Although the Palm operating system has dominated the early stages of handheld growth. IDC estimates that the number of mobile professionals will increase from 10. security of corporate information on these devices is of great concern. In addition. and Pressure on enterprise IT Departments to deliver and manage mobile communication channels over multiple devices. Pressure on enterprise IT Departments to deliver and manage mobile communication channels over multiple devices. for a compound annual growth rate of 33%. In addition. As the number of mobile employees continues to grow. for a compound annual growth rate of 9%.9 million in 2003. as employees bring their personal devices from home into the workplace. enterprises need a comprehensive solution to manage all of the variables in delivering enterprise communication channels to mobile users. This increase in the number of mobile professionals is commensurate with the amount of information flowing through an enterprise’s communication channels.

MobileCord also interfaces between an enterprise’s voice mail system and the handheld’s contact information to convey to the user who is contacting the user via voice mail. Increased productivity from mobile workers. This quick snapshot of a user’s communication channels makes it easier for the user to stay connected and manage their work while outside the office. MobileCord enables a user to connect to their enterprise communication channels wherever they are. MobileCord provides a user with access to email. When a user is out of the office. In addition to hardware. we offer a set of professional services for implementation and customer care. voice mail. MobileCord software interfaces with an email system to deliver a user’s email on any major handheld device. voice mail. First. In addition.000 person firms we have seen five full time equivalents in an IT department dedicating their entire time to handheld problems and solutions. for 1. Also. IT departments are dealing with all of the different wireless devices in an unorganized. and instant messaging on their mobile device. The responsibilities of today’s enterprise IT staff continue to grow. Second. enterprise IT departments are now responsible for mobile solutions as well. The MobileCord Solution MobileCord provides a comprehensive solution to enterprise IT Departments that enables them to deliver email. so ad hoc solutions are not produced for each device and communication channel. without a continuous internet connection that is needed for many web mail services. MobileCord provides enterprises with two major benefits. This task continues to be complex as each user and department has a loyalty to a device and certain functions. MobileCord’s software increases the productivity of mobile workers by giving them access to their communication channels within the enterprise. We also provide our customers with continuous 7 . MobileCord enables IT Departments to easily manage the unified delivery of these communication channels to mobile users. MobileCord’s software can be implemented in an Enterprise infrastructure in a matter of days instead of months. MobileCord Services As part of our delivery of a unified view of a mobile user’s communication channels. CE and RIM devices. they need a quick snapshot of who is contacting them and what important information those contacts are conveying. MobileCord enables IT staff to deliver a uniform mobile solution to users independent of their mobile device.In customer accounts we have seen. In some cases. Enables IT Departments to easily manage the unified delivery of communication channels to mobile users. and messaging) and the device. For users with an “always on” wireless connection MobileCord enables the user to communicate via instant messaging on their handheld device. ad hoc manner. network and software management. MobileCord interfaces between the communication channel (email. We also offer training for IT staff and end users. voice mail and messaging to mobile employees who use the major handheld devices such as Palm.

We plan to continue to grow our direct sales force to leverage our solution. We are positioning our product as a simplified mobile communication channel for a medium sized business with an increasingly mobile workforce that handles its own IT infrastructure. We plan to continue to forge partnerships with IT consulting firms who have experience in implementing enterprise applications.support for our software. Expand our direct sales force. we will move quickly in training consulting firms in how to both implement and sell our software. The MobileCord Sales and Marketing Strategy Our objective is to continue to develop as a leading provider of mobile solutions for users that need access their communication channels wherever they are. The strength of our offering is derived from the quality of research and development efforts. wireless providers more minutes of usage and give consulting firms more opportunities for implementations. Our development team has developed and 8 . we have a two-pronged strategy: • Direct sales to IT department heads through contact with our sales force via presentations. we plan to execute the following strategies: Focus on Market Segmentation. Since we provide a solution that makes it easier for Enterprise IT Department to delivery a user’s communication channels on all major mobile devices. As we continue to gain sales traction we will partner with wireless providers so they can lead with our solution in integrating the software behind the enterprise user’s connection to their communication channels. However. Aggressively pursue Strategic Partnerships and Business Development Opportunities. To achieve this objective. conferences and leads generated by marketing. we believe this will help device manufactures sell more devices. Since customers pay a monthly recurring charge maintenance and software updates are available to the customer. Continue innovative R&D efforts. In targeting medium sized businesses. maintenance and consulting departments that use mobile devices to check their communication channels. Through contacts in our sales and business development organization. As device manufactures realize how important it is for enterprise IT departments to have a universal process in delivering communication channels to mobile users. One of our first steps will be to open a west coast sales office to expand our footprint throughout North America. We provide a unique mobile delivery solution to the enterprise. Our sales force is focused on selling into IT departments that need to support large sales. consulting. we will partner with device manufactures to make our software more tightly integrated and give our solution more visibility in the marketplace. we will use our IT consulting partners to further our solution in Europe and Asia. Since implementation revenues are usually lower margin revenues. • Partner with system integrators and device manufactures. we do charge for specific customization if the customer requests our services.

0 Will include all functionality from MobileCord 1. in the future we hope to bundle our services with wireless service providers and charge an increased amount per month for our services.0 and allow enterprise users to connect to their communication channels via WAP devices. The release of our products and services is summarized below: Product MobileCord 1. Devices supported: Palm OS devices. Even though we charge an up-front licensing fee. Foster recurring revenue streams. In return. Voice mail applications: Octel and Meridian. and Microsoft Outlook Instant Messaging packages: AOL. our revenue visibility into each quarter will increase. Products and Services Our product. MobileCord 1. MobileCord 2. MSN. This release will have greater functionality for Convergent devices.will continue to develop high quality software solutions. the customer receives maintenance and additional modules that we release. As we continue to add new customers over time.0 and support for Convergent device capability such as SMS and WAP.0 will be released in 2002 to incorporate updates to MobileCord 1. Our continued development of high quality software will be important part of our increased sales going forward.0 Description Enables mobile enterprise users to access their communication channels such as: • Email • Voice mail • Instant Messaging MobileCord 1. Q1 2002 (estimate) Release Date March 2001 9 . Windows CE devices and RIM Blackberry devices. Also.0 interfaces with the following: email packages: Lotus Notes.0 in Q1 of 2002. & Yahoo!. We plan on releasing MobileCord 2.0 was released in March 2001 and we made our first shipment in that same month. Since that time we have continued to release software modules that help our software interface with new devices and software updates from major email and communication systems. we also charge a recurring revenue fee per user per month. MobileCord 2.

without being continuously dropped by their internet connection. Our software is designed to operate within the Windows 2000 and Unix environments. MobileCord 1. MobileCord 1. However. Many consultants used Palm devices to keep track of their schedules.0 enables IT staff to administer a mobile user’s communication channels and mobile devices with an easy to use interface. away from their home office. MobileCord 1. Some of the Palm users also had a wireless modem or internet access so they could access web mail when they could get a continuous internet connection. After piloting MobileCord 1. Hence. Manufacturing and Technology Equipment. we had four enterprise customers. MobileCord 1. These customers are in four different verticals: Consulting.0 provides the end user with an intuitive user interface for email. Mallaber’s IT support staff was able to cut their mobile IT administration costs significantly because of the simplified administration of the mobile users and their Financial Standish Brokerage Manufacturing Hemlin Manufacturing Tech Equipment Gerdin Systems 10 . MobileCord’s software also adheres to the ODBC (Online Database Connectivity). leverages Java and an N-Tier. SOAP (Simple Object Application Protocol) and XML (extensible markup language) protocols to make it easy to share data among different applications. Consulting Mallaber Consulting Case Studies Mallaber Consulting As an IT integration firm. a third group used CE devices. but it did not interface well with their Lotus Notes system. When MobileCord contacted Mallaber Consulting.0. Also. many project managers had RIM devices for their email. this wireless connection would be lost through out most sessions. Mallaber’s IT support staff found it very difficult to deliver the needed communication channels to its users and their disparate devices. MobileCord Customers As of July 31. they were eager to see how MobileCord’s software could provide a unified view of a mobile users communication channels.0’s open architecture enables it to interface with many disparate software platforms and devices. Mallaber Consulting had more than 1000 consultants at client sites.0 interfaces between the communication channel and the mobile device. 200x. In addition. Financial. voice mail and messaging. Mallaber ‘s users found it easy to use a simple. Also. standard interface to use email along with instant messaging and finding out who was in their voice mailbox.Technology and Architecture MobileCord’s software was architected to be the platform for a mobile user’s communication channels. MobileCord 1. objected oriented architecture based on CORBA standards.0.

Strategic Relationships MobileCord currently has a Strategic relationship with Mallaber consulting to cross-sell our solutions to each other’s customer base.different devices. Also. However. However. MobileCord is focused on simplifying mobile email.0 to monitor their communication channels while they are on the road and even during times they are away from their desk within their office complex. Vortal Messaging and Wireless Emailer. instant messaging and voice mail unlike our competitors. Standish decided to quickly role out the MobileCord solution to its entire account executive base of 350 users in New England. Mallaber is in the process of rolling out their pilot MobileCord implementation to 50 users. After beginning the pilot implementation the IT staff could see a decline in the number of times they had to implement ad hoc solutions to help the pilot users. after seeing the MobileCord solution work in practice. However. it was difficult for Standish’s overworked IT staff to deliver a consistent solution with the different devices of its mobile users. they realized they could save resources and help their account executives become more productive. A few of our main competitors include ABC Logic. our solution is more robust and handles all communication channels of email. Standish differentiates itself from many other Brokerages with its consistent with contact with clients. Beyond 11 . the Account Executives found they were able to quickly glance at their mobile device at the end of meetings to prioritize how they would use their time between meetings most effectively. voice mail and instant messaging and does not focus on complex enterprise applications that Wireless Application Service Providers (WASPs) and other third party vendors deliver to mobile users within the enterprise. which only focus on one area. All of the account executives are now using MobileCord 1. Standish Brokerage Standish Brokerage is a full service brokerage with many high net worth individuals as customers. Many times this involves visits to client’s businesses or homes. the Standish IT staff was skeptical of implementing yet another enterprise software application in the face of a tightening IT budget. While on the road it was imperative for account executives to be in touch with their communication channels. Mallaber and MobileCord have signed a partnership agreement to cross sell into their client base. Competition MobileCord’s software product addresses a relatively new market of unified delivery of mobile communication channels. After being contacted from a representative from MobileCord. Also. Mallaber Consulting has been so impressed with the software. We will also begin to share leads and begin to try and win deals together. We also plan on working with IT service firms with specific vertical expertise along with wireless service providers and the device manufacturers themselves.

Intellectual Property Our Intellectual Property is an important part of our success. 3 in Sales and Marketing. we believe the majority of these solutions do not address an enterprise’s entire mobile user base within a solution that can be easily maintained. 200x we employed 14 full-time employees. However.MobileCord’s competitors mentioned above. We also enter into license agreements with all of our customers. and 2 in Administrative positions. This included 7 employees in Research and Development. Employees As of December 31. 12 . we face additional competition in “home grown” solutions produced by IT Departments within the enterprise. 2 in Professional Services. We have filed two patents for our unified delivery of a mobile users communication channels.

805 758.000 128.296 (1. 200x (unaudited) Actual Q1 Yr 1 Revenues License Revenue Professional Services Total Revenue Cost of Revenue Cost of Licenses Cost of Services Total Cost of Revenue Gross Profit Operating Expenses Sales and Marketing Research & Development General & Administrative Depreciation Total Oper Expenses Operating Income Other income.333 444.025 119.000 963.000 108.442 (302.301 (273.298) 0 ($1.4 and 5.360.249) 487.000.019.000 375.299) 139.897 89.296 8.333 444.481 33.985 67.728 8.804) 0 ($378.890 69. • Assuming nearly 100% growth in revenue in Years 3.000 0 0 0 0 860 34.247 (283.728 8. • Including angel funding capital needs are estimated at $7 million until the company reaches profitability.406) 51. • Assumes capital raise of $3 million in Q3 of the first year.015 920 40.240 (1. net Income Before Taxes Income Tax Provision Net Income $0 0 0 Actual Q2 Yr 1 $86.730.000 56.000 16.130 1.000 24.333 444.373 206.410 40.333 1.Financials Income Statement Assumptions: • Expect to sell 7 licenses in year 1. Recurring charge per user per month is $10. • Beginning operation with $1 million in founder and angel money.686 137.000 Estimate Year 2 $835.330.760 275.616.470.950 41.247) 9.730.299) 0 ($375.931 67.897 89.1% of the 16. Historical and Projected Income Statement as of December 31.261 50.201) (603) (378.897 89. and 16 licenses in year 2.333 283.691) 19.640 3. • Average of 50 users per customer.946) 139.894 (1.946) 0 ($273.360 122.950 42.000 16.455) 30.110 687.000 Actual Q3 Yr 1 $92.190 116.000 2.331 (377.621 336.512) 13 .373 206.741 468.373 206.294 1.331 (321.000 Actual Q4 Yr 1 $141.785 8.249) 0 ($302.350 266.782.512) 0 ($1.000 165.158 (1.215 255.125 34.330.331 (378. • Average license sells for $40.017 (375.000 102.804) 139.316) 2.000 Actual Year 1 $319.000 businesses in the US with more than 500 employees.728 8. • 16 licenses represents 0.870 66.298) 932.

002.625 (1.170) 1.616.020) 0 ($1.406) 51. net Income Before Taxes Income Tax Provision Net Income $319.110 687.519.228.170) 100.805 758.025 119.760 275.823.396.330.595.455) 30.330.862.350 75.890 0 $1.074 75.500 1.020) 2.000 1.000 5.730.020) 100.294 1.621 336.500 Estimate Year 5 $6.670.350 266.215 255.736 523.650 472.350.000 4.000 (1.275.387 6.200 6.190 116.894 (1.000 Estimate Year 2 $835.333 1.540 344.481 33.782.025 1.148.256.000 56.470 1.890 100.000 1.000 Estimate Year 3 $1.054.175 403.360.170) 0 ($1.000 2.512) 0 ($1.375 3.890 27.261 50.000 963.605 50.895 3.902.099 954.063.000 3.000 128.450 389.154.158 (1.500 288.445 354.930 316.544.902.700 75.505.000 3.000 (1.530 35.019.500 651.614 1.890 14 .054.517.000 Estimate Year 4 $3.396.512) 1.351.988 487.730.741 468. 200x (unaudited) Actual Year 1 Revenues License Revenue Professional Services Total Revenue Cost of Revenue Cost of Licenses Cost of Services Total Cost of Revenue Gross Profit Operating Expenses Sales and Marketing Research and Development General and Administrative Depreciation Total Operating Expenses Operating Income Other income.5 year Projections Projected Income Statement as of December 31.753.772.250 1.411 1.700 (2.298) 932.229.000 192.251.296 (1.000 375.251.240 (1.785 8.470.298) 0 ($1.

Francis was the Northeast Regional Sales Manager for Lyle Networks. Previous to Lyle Networks. From July 1994 to July 1998. Ms. Mr. Ms. Iroquois increased its revenue 40% while growing profit margins from 10% to 25%. While at Lyle Networks. the Chairman of the Board and Chief Executive Officer. Before cofounding MobileCord. Stacey managed a 20 person sales force while growing annual revenue from $10 million to $25 million. and Senior Developer from January 1991 to June 1994. cofounded MobileCord in December 2000. Mr. Ms.Management Name Christopher Chase Theodore Wiggins Stacey Francis Eric Loberg Position Chairman and Chief Executive Officer President and Chief Technology Officer Vice President of Sales Director Age 36 35 32 42 Christopher Chase. Previous to NewSeed Capital. Wiggins was Chief Technology Officer at Iroquois Software from August 1997 to October 2000. Wiggins has a master’s degree in computer science from the University of Virginia and a bachelor' degree in computer science from the University of Washington. and member of the Board of the Directors co-founded MobileCord in December 2000. 15 . s Stacey Francis. At Parmalee Software. Chase was a Chief Operating Officer at Iroquois Software from January 1997 to October of 2000. During Mr. Eric Loberg has been a Director of MobileCord since January 2001. s Theodore Wiggins. Chase has a master’s degree in computer science from the University of Virginia and a bachelor' degree in engineering science from UCLA. Francis received her MBA from the University of Texas and a bachelor’s degree in economics from Columbia University. Since November 1997. Loberg has served as the General Partner of NewSeed Capital. the Vice President of Sales began at MobileCord in February 2001. Mr. Mr. Previously to MobileCord. a Senior VP of Development from July 1994 to December 1996. Before co-founding MobileCord. and a Senior Developer from June 1991 to July 1997. Chase’s tenure as COO. Mr. Mr. Stacey grew revenues at 60% per annum. the President and Chief Technology Officer. Francis was Vice President of Sales at Parmalee Software from August 1998 to January 2001. Loberg was CEO of Loberg Tool and Die before it was sold to Ullock Manufacturing in July 1997.

we project positive cash flows in December of 2002. Before MobileCord. Low Cash Burn. Enterprise users demanding access to their communication channels. voice mail and instant messages. Recurring Revenue Model. In addition to a modest perpetual licensing fee. Now MobileCord 1.0 is the common platform between a user’s communication channels (email. making financial results less volatile. These recurring fees give MobileCord significant revenue visibility going into future quarters. Software Successfully in Production with Enterprise Users. voice mail and instant messaging is now a necessity for mobile enterprise users. Users also need their enterprise systems to conform to the device they are most comfortable using. MobileCord charges a user subscription fee for its software. We have also managed large companies and divisions before. We have sold our products to companies in the Financial. MobileCord 1. multi-platform mobile enterprise requires common solution for enterprise communication. messaging) and the major mobile devices (Palm. An IT department needs to support multiple devices while maintaining the same user access to email. Assuming a reasonable capital raise of $5 million. MobileCord has continued to drive sales and keep operating expenses to a minimum. Windows CE and RIM devices require different configurations and work differently with major email packages such as Microsoft Outlook and Lotus Notes. We have over a decade of experience in developing robust and flexible software applications.0. The Palm.Investment Highlights Many device. Manufacturing and Technology sectors. 16 . Access to email. Experienced Management Team. different devices and email packages required an IT Department to set up different ad hoc solutions for each type of device. Even in a difficult economic environment. while allowing users untethered access to their communication channels. with responsibilities in operations. Our product is helping enterprises reduce costs within IT Departments. voice mail. sales and software development. CE and RIM devices). into production in March of 2001. We launched our flagship product. MobileCord enables the user to connect to their enterprise communication channels with their own device in a convenient way.

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