Sir,
That is an inaccurate presentation a financial statement without the footnotes.
1) Total financing from Magna was approx. $850K. The majority of proceeds was used for MuseGlobal software acquisition, Vivisimo upgrades, and associated legal fees.
At no time did Yippy receive millions in financing from any entity. In fact the largest financing deal was attributed in 2011 for the Vivisimo Velocity acquisition which was approx. $900K +/- and that number is included in the financing numbers.
The majority of our financing numbers have come through acquisitions not from direct investment, and it states that clearly in our FS.
As for MC+A - They have about 20 full time employees. Yippy has 10 putting us around 30 people. Comments about MC+A being a one man show are completely inaccurate. The entire Google GSA division had 35 people total at their apex, now it has 8.
Michael Cizmar is one of the foremost authorities for Google products including the GSA. We value very much his relationship with Google, and as stated plan to test on Google cloud as an option for our clients going forward.
Google will not offer GSA type search services in the Google cloud. We have an instance of our software running on Google's platform today. The GSA is out dated and very slow compared to Yippy, hence it is being phased out.
As many people do not know that Google search is a very heavy pig (tech talk). Meaning it takes a lot of resources (servers) to perform tasks. The Achilles heal for the GSA and Google search is that it can only search a maximum of 1000 files deep. This is useless for big data, email discovery, natural language processing, corp governance, or anything that requires deep search of large samples of data.
In contrast, Yippy can search millions of files deep faster than Google can search 1000 in scale. Google is primarily an advertising company, and the software used in the GSA is from 2002. Back then it was top dog, today it's a relic.
Google is focusing its attention on Amazon Cloud (AWS) which is not a great product, we tested it. We can offer Google cloud with Yippy software which is what Michael and his team are testing on currently. Yippy search destroys Amazon Elastic Search side by side, and the Amazon search product is open source, Yippy is powered by Watson. No contest there.
MC+A and Yippy combined qualify for NASDAQ. We are already speaking with the NASDAQ about up listing via a sponsorship from Globalstar and Mr. Jay Monroe who is paying all the bills for the up listing. MC+A is a net profitable business, they pay taxes on profit, and have been in the mid 7 figures in revenue for many years.
It has taken years to get this company in the position it is in today. We have done it by pinching pennies and not diluting our float with numerous financing as many small caps have done in the past.
If Google can grow a GSA business to nearly $1B in revenue with 35 people what can Yippy do? MC+A is not the only Google VAR to stalk (yes stalking) Yippy. They are the number 1 deployment partner for Google. Yippy has by far the best search appliance and its pretty much common knowledge in the industry. The Fortune article has put us in the number 1 position, and we are going to blow out this FY with amazing numbers.
The GSA is over 1/2018 - meaning all GSA boxes brick (shut down). There are over 30,000 boxes that need replacing and the cost of our appliance is 50% less than renewing a GSA today. What's even more amazing is MC+A built all the connectors for the GSA, and now they are being retooled to work with the Yippy Search Appliance.
What that means is this. We can literally take out a Google box, use the same network mapping, same MC+A connectors along with those acquired from MUSEGLobal, and spin it up in hours. Providing services that no other appliance can do in the world.
We just hired a new COO who came from IBM Watson Solutions Group, we'll formally announce him shortly. Do not under estimate the potential of Yippy or the powers behind our company. Patience is the key when building a major company. Some times you have to go back to go forward, and wait for your breaks.
Lastly I want to talk about Globalstar.
Jay, my friend and partner, knows what we have together. He is always there for us, and we are there for him. His team is killing it right now, and the new products coming out overshadow TLPS.
Globalstar and Yippy will beat everyone, I MEAN EVERYONE, for providing internet access to un-served markets. We are working on a deal right now to provide internet enabled kiosk for a major online retailer that will bring new customers into world economy. It's really quite incredible to think two small caps have the answer and the ability to make that happen.
It is a slam dunk.
take care...
rich granville
404-769-0982
