Tough to believe these guys though based on missteps and past PRs.
From June 20th PR:
RJD Green Inc. announced the beta implementation process has been completed and initial implementation revenues will be completed in July with full revenue streams coming forward in August. Annual revenues for their first contract are expected to exceed $240,000 annually.
IOSOFT begins beta processing with four additional contracted clients, two beginning in August and two in September with full implementation of the software services over the sixty days beta processing launch. IOSOFT has additional contracts forthcoming on a monthly basis, which will accelerate in quantity per month launched after the current four companies are fully implemented.
As these initial clients are fully implemented, revenues are projected to be over $1,100,000 annually from the initial five clients.
As IOSOFT completes this benchmark, rapid acceleration of revenues to 2018 budgeted projections is expected on a continuing monthly basis.
From today's PR:
RJD Green Inc.'s Healthcare Services Division announced it has procured an initial eight contracts to implement in the fourth quarter of calendar year 2017 and first quarter of calendar year 2018. The final implementations of three contracts are under way. A twelve month revenue expectation from these initial contracts is $9,600,000.
Vincent Valentine, IOSOFT President, states:
"After unforeseen delays we are excited to start creating the revenues we expected six months ago. Our marketing partners are now very active in the health service community nationally and they fully expect to continue growing our revenues monthly, which allows us to meet the significant revenues forecast for 2018.
"From ongoing negotiations that are occurring now, we expect to see more accelerated monthly contracts procured in the first calendar quarter of 2018."
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Besides being way off on the timing again, how did they go from $1,100,000 projected revenues for the initial clients to now $9,600,000 for the same clients?? Just seems like the same type of lofty projections that they made over a year ago when discussing Iosoft.
But that is why the share price is at 52 week low. Definitely high risk/reward here IF they can finally deliver!
