Business Plan

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

MobileCord could expand its sales and marketing to help revenue grow at a rapid pace. 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. We are continuing to execute on our business model with continued revenue growth and low operating expenses. Our software enables the enterprise to deliver an employee’s most important communication channels on any Palm.000.1 million in 2000 to 18.Executive Summary MobileCord provides enterprises with a software platform for unified mobile delivery of email.0. has no debt and has not drawn down on any credit lines.000 in cash with operating and capital lease obligations over the next three years of $450. In addition to our license and service revenue. 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 . Financial.6 billion in 2000 to 6. MobileCord offers its product through a direct sales force. MobileCord. which has built a product in MobileCord 1.0. voice mail and messaging. Assuming a capital raise is completed early next year. 2001 MobileCord had $700. while allowing the IT department to manage multiple types of devices interfacing with multiple software packages and communication channels. MobileCord’s flagship product MobileCord 1.3 billion in 2003. We plan on offering our product to a variety of industry verticals and have already implemented our solution in the Consulting.0 helps enterprise IT departments address the desire of mobile employees to have a unified view of all their communication channels such as email. Manufacturing and Technology equipment sectors. or RIM device. Inc. Most of our revenue is derived from license and implementation fees that are recognized after our software has been implemented. voice mail and instant messaging. In the first quarter of 2002.9 million in 2003. IDC estimates that the number of email messages sent annually will increase from 2. As of December 31. According to International Data Corporation (IDC). In addition. we charge a monthly subscription fee on a per user basis that gives us visibility into future quarters. Windows CE. which is already in production. which supports new convergent devices’ telephony and PDA capabilities such as Short Message Service (SMS) and the Wireless Application Protocol (WAP). We are also beginning to build partnerships with IT Services and wireless service providers. we are releasing MobileCord 2. MobileCord’s strength is in its strong R&D team. the number of worldwide handheld shipments is expected to increase from 8.

020) 0 ($1.020) 5. net Income Before Taxes Income Tax Provision Net Income 1.170) 4. See financial pages for more detail.000 3. 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.000 375.470.512) 0 ($1.240 (1.730. VA 22033 Phone: (703) 123-4567 Fax: (703) 123-4568 Questions or inquiries should be addressed to Chris Chase.894 (1.000 1.470 1.215 255.700 (2.256.625 (1.251.455) 30. is a Delaware corporation with offices at the following address: 400 Harden Street Suite 200 Fairfax.170) 100.330.785 275.054.110 687.002.330.175 403.902.200 6.154.000 56. The MobileCord Fiscal Year ends in December.351.500 Estimate Year 5 $6.670.229.020) 100.000 Estimate Year 2 $835.890 344.296 (1.544.895 3.360.782. Projected Income Statement as of December 31.512) 3.730.000 1.054.406) 51.988 Company Contact Information MobileCord.890 $319.000 192. 4 .890 0 $1.387 6. Inc.099 954.605 523.000 (1. CEO and Co-Founder of MobileCord.298) 0 ($1.Financial Summary The financial summary assumes a capital raise in Q3 of this year.753. Inc.616.530 389.517.251.375 119.000 Estimate Year 3 $1.890 100.275.862.000 Estimate Year 4 $3.158 (1.500 288.000 (1.519.902.350.000 963.505.000 128.298) 2.170) 0 ($1.

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

Demand by mobile employees for the same communication channels they have while in the office.• • • Rapid increase in the number and variety of mobile devices in use within the enterprise. Rapid increase in the number and variety of mobile devices in use within the enterprise. as employees bring their personal devices from home into the workplace. IT Departments are expected to deliver a reliable and easy to use solution to mobile users. IDC estimates that the number of mobile professionals will increase from 10. According to IDC. for a compound annual growth rate of 9%.3 billion in 2003 for a compound annual growth rate of 34%. the number of worldwide handheld shipments is expected to increase from 8. As the number of mobile employees continues to grow. security of corporate information on these devices is of great concern. The use of mobile devices continues to increase within the enterprise. for a compound annual growth rate of 33%. the demand for the same communication channels available at the office increases as well.9 million in 2000 to 14.3 million in 2003. Our solution enables an IT department to manage disparate mobile devices in an organized manner.1 million in 2000 to 18. Although the Palm operating system has dominated the early stages of handheld growth. In addition. 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. While the number of mobile devices increases along with mobile workers and the amount of information flowing through their communication channels. mobile access to email is becoming a priority within the enterprise. Since servicing mobile users is one of many challenges for IT Departments. In addition. Pressure on enterprise IT Departments to deliver and manage mobile communication channels over multiple devices. 6 . These varieties of devices also interface differently with corporate communication channels such as email and instant messaging. and Pressure on enterprise IT Departments to deliver and manage mobile communication channels over multiple devices. Demand by mobile employees for the same communication channels they have while in the office. IDC estimates that the number of email messages sent annually will increase from 2.9 million in 2003. Since the email channel is fast becoming the primary communication channel in the workplace. new platforms such as Windows CE and RIM devices are making inroads into the handheld market.6 billion in 2000 to 6.

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

Since implementation revenues are usually lower margin revenues. we believe this will help device manufactures sell more devices. However. 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. Since customers pay a monthly recurring charge maintenance and software updates are available to the customer. consulting. • Partner with system integrators and device manufactures. Continue innovative R&D efforts. 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 will use our IT consulting partners to further our solution in Europe and Asia. we will partner with device manufactures to make our software more tightly integrated and give our solution more visibility in the marketplace. To achieve this objective. maintenance and consulting departments that use mobile devices to check their communication channels. Aggressively pursue Strategic Partnerships and Business Development Opportunities. We plan to continue to grow our direct sales force to leverage our solution. The strength of our offering is derived from the quality of research and development efforts. conferences and leads generated by marketing. One of our first steps will be to open a west coast sales office to expand our footprint throughout North America. wireless providers more minutes of usage and give consulting firms more opportunities for implementations. We plan to continue to forge partnerships with IT consulting firms who have experience in implementing enterprise applications. we will move quickly in training consulting firms in how to both implement and sell our software. Our sales force is focused on selling into IT departments that need to support large sales. we do charge for specific customization if the customer requests our services. As device manufactures realize how important it is for enterprise IT departments to have a universal process in delivering communication channels to mobile users. In targeting medium sized businesses. 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.support for our software. 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. Through contacts in our sales and business development organization. We provide a unique mobile delivery solution to the enterprise. 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. Expand our direct sales force.

Foster recurring revenue streams.0 and allow enterprise users to connect to their communication channels via WAP devices. the customer receives maintenance and additional modules that we release.0 interfaces with the following: email packages: Lotus Notes. This release will have greater functionality for Convergent devices. Products and Services Our product.0 and support for Convergent device capability such as SMS and WAP. & Yahoo!. and Microsoft Outlook Instant Messaging packages: AOL.will continue to develop high quality software solutions. Also. MobileCord 1. 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.0 in Q1 of 2002.0 Will include all functionality from MobileCord 1. Our continued development of high quality software will be important part of our increased sales going forward. in the future we hope to bundle our services with wireless service providers and charge an increased amount per month for our services. As we continue to add new customers over time. Windows CE devices and RIM Blackberry devices. Q1 2002 (estimate) Release Date March 2001 9 . The release of our products and services is summarized below: Product MobileCord 1. Devices supported: Palm OS devices. We plan on releasing MobileCord 2. Voice mail applications: Octel and Meridian. Even though we charge an up-front licensing fee. MobileCord 2. In return.0 was released in March 2001 and we made our first shipment in that same month.0 Description Enables mobile enterprise users to access their communication channels such as: • Email • Voice mail • Instant Messaging MobileCord 1.0 will be released in 2002 to incorporate updates to MobileCord 1. our revenue visibility into each quarter will increase. MSN. MobileCord 2. we also charge a recurring revenue fee per user per month.

MobileCord 1. Also. Hence. These customers are in four different verticals: Consulting. Manufacturing and Technology Equipment. objected oriented architecture based on CORBA standards.0.0 interfaces between the communication channel and the mobile device. without being continuously dropped by their internet connection. we had four enterprise customers. this wireless connection would be lost through out most sessions. Also. MobileCord 1. Many consultants used Palm devices to keep track of their schedules. Mallaber ‘s users found it easy to use a simple. MobileCord 1. 200x. In addition. a third group used CE devices. However. Our software is designed to operate within the Windows 2000 and Unix environments. 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 . Consulting Mallaber Consulting Case Studies Mallaber Consulting As an IT integration firm. 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. but it did not interface well with their Lotus Notes system. When MobileCord contacted Mallaber Consulting. Mallaber Consulting had more than 1000 consultants at client sites. Mallaber’s IT support staff found it very difficult to deliver the needed communication channels to its users and their disparate devices. Financial.0 enables IT staff to administer a mobile user’s communication channels and mobile devices with an easy to use interface.0 provides the end user with an intuitive user interface for email. MobileCord Customers As of July 31. away from their home office. SOAP (Simple Object Application Protocol) and XML (extensible markup language) protocols to make it easy to share data among different applications. many project managers had RIM devices for their email.Technology and Architecture MobileCord’s software was architected to be the platform for a mobile user’s communication channels. MobileCord’s software also adheres to the ODBC (Online Database Connectivity). MobileCord 1.0.0’s open architecture enables it to interface with many disparate software platforms and devices. voice mail and messaging. After piloting MobileCord 1. MobileCord 1. standard interface to use email along with instant messaging and finding out who was in their voice mailbox. leverages Java and an N-Tier. they were eager to see how MobileCord’s software could provide a unified view of a mobile users communication channels.

We will also begin to share leads and begin to try and win deals together. 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. which only focus on one area. Also. However. Mallaber is in the process of rolling out their pilot MobileCord implementation to 50 users.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. Standish Brokerage Standish Brokerage is a full service brokerage with many high net worth individuals as customers. After being contacted from a representative from MobileCord. While on the road it was imperative for account executives to be in touch with their communication channels.different devices. Strategic Relationships MobileCord currently has a Strategic relationship with Mallaber consulting to cross-sell our solutions to each other’s customer base. Also. after seeing the MobileCord solution work in practice. However. Mallaber Consulting has been so impressed with the software. Vortal Messaging and Wireless Emailer. our solution is more robust and handles all communication channels of email. However. Beyond 11 . Mallaber and MobileCord have signed a partnership agreement to cross sell into their client base. the Standish IT staff was skeptical of implementing yet another enterprise software application in the face of a tightening IT budget. they realized they could save resources and help their account executives become more productive. Competition MobileCord’s software product addresses a relatively new market of unified delivery of mobile communication channels. Many times this involves visits to client’s businesses or homes. A few of our main competitors include ABC Logic. instant messaging and voice mail unlike our competitors. it was difficult for Standish’s overworked IT staff to deliver a consistent solution with the different devices of its mobile 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. 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. We also plan on working with IT service firms with specific vertical expertise along with wireless service providers and the device manufacturers themselves. Standish decided to quickly role out the MobileCord solution to its entire account executive base of 350 users in New England. All of the account executives are now using MobileCord 1. MobileCord is focused on simplifying mobile email. Standish differentiates itself from many other Brokerages with its consistent with contact with clients.

Intellectual Property Our Intellectual Property is an important part of our success. 200x we employed 14 full-time employees. 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. we face additional competition in “home grown” solutions produced by IT Departments within the enterprise. We have filed two patents for our unified delivery of a mobile users communication channels.MobileCord’s competitors mentioned above. 2 in Professional Services. However. 12 . and 2 in Administrative positions. Employees As of December 31. This included 7 employees in Research and Development. We also enter into license agreements with all of our customers. 3 in Sales and Marketing.

201) (603) (378.331 (377.406) 51.000 128.110 687.470.481 33. • Assuming nearly 100% growth in revenue in Years 3.249) 487.000 Actual Q3 Yr 1 $92. net Income Before Taxes Income Tax Provision Net Income $0 0 0 Actual Q2 Yr 1 $86.373 206.247 (283.897 89. Recurring charge per user per month is $10.455) 30.442 (302.621 336.000 Actual Q4 Yr 1 $141.331 (378.000 0 0 0 0 860 34.741 468.805 758.125 34. and 16 licenses in year 2.000 56. Historical and Projected Income Statement as of December 31.373 206.298) 932.298) 0 ($1.946) 139.000 Estimate Year 2 $835.247) 9.333 283.333 444.000 108.296 8.000.301 (273.000 2.373 206.894 (1.130 1.897 89.897 89.890 69.512) 0 ($1.000 16.950 42.931 67.190 116. • Beginning operation with $1 million in founder and angel money.360 122.360. • Including angel funding capital needs are estimated at $7 million until the company reaches profitability.333 444.804) 0 ($378. • Assumes capital raise of $3 million in Q3 of the first year.Financials Income Statement Assumptions: • Expect to sell 7 licenses in year 1. • 16 licenses represents 0.215 255.025 119.000 16. • Average license sells for $40.294 1.330.804) 139.240 (1.316) 2.158 (1.640 3. • Average of 50 users per customer.000 102.296 (1.512) 13 .728 8.728 8.015 920 40.000 Actual Year 1 $319.760 275.333 444.691) 19.616.000 165.730.985 67.946) 0 ($273.333 1.249) 0 ($302.261 50.330.785 8.331 (321.1% of the 16.410 40.299) 0 ($375.299) 139.019.000 375.870 66.000 963.350 266.000 businesses in the US with more than 500 employees.782. 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.000 24.686 137.730.950 41.017 (375.728 8.4 and 5.

298) 0 ($1.000 1.020) 100.020) 2.890 0 $1.330.621 336.782.000 (1.730.450 389.350 75.517.5 year Projections Projected Income Statement as of December 31.505.772.000 56.350.595.930 316.000 Estimate Year 2 $835.000 3.411 1.229.540 344.670.154.455) 30.862.625 (1.000 192.650 472.890 27.823.470 1.175 403.544.000 5.351.298) 932.251.500 651.074 75.275.890 14 .500 1.470.250 1.020) 0 ($1. net Income Before Taxes Income Tax Provision Net Income $319.228.000 (1.902.406) 51.387 6.063.894 (1.512) 0 ($1.148.360.240 (1.333 1.215 255.000 1.700 75.054.000 4.350 266.190 116.110 687.519.753.000 128.445 354.614 1.256.170) 0 ($1.261 50.019.895 3.512) 1.054.785 8.000 375.988 487.902.000 2.000 Estimate Year 4 $3.760 275.099 954.500 288.025 1.025 119.330.500 Estimate Year 5 $6.000 3.396.002.200 6.530 35.730.375 3.170) 100.741 468.000 963.805 758.000 Estimate Year 3 $1.294 1.251.296 (1.396.605 50.158 (1.481 33.170) 1.616.736 523.890 100.700 (2. 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.

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

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

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