Crednology Holding Summary
The formation of CreditDNA will allow the Company to provide the same services to its credit clients with much improved margins versus Crednology, Inc.
Also important to note that two new service centers opened in Atlanta from their July 10th press release. The first office will be located in Southwest Atlanta, GA with the second being located within the Discover Mills Mall in Lawrenceville, GA. Each location will offer the Company's ScoreNavigator product as well as the Company's credit management product through CreditDNA. The addition of these two brick & mortar stores will allow the Company to reach out directly to consumers and expand its customer base. Each store will be wholly owned by the Company. The Company anticipates the opening for each store to occur during the current month with positive revenue recognition for each to be recognized during the current fiscal quarter. with a 3rd opening in Buffalo, NY and a 4th in Miami, Fl per their July 10th news release.
Also important to put out that in their July 2nd news release has entered into negotiations to acquire a New York based educational software firm. The targeted acquiree is a producer and distributor of computer software and video educational materials on CD and DVD formatted disks which are available through various distributors and its websites. The firm provides standards-based instruction through its fully animated talking virtual textbooks. Its fully animated, interactive featured, colorful, and audio virtual textbooks have combined rigorous content along with a variety of practice problems, activities, assessments, games, and productivity tools with the intent of improving the performance of students via proprietary web-based platforms that engage students, reinforce and reward learning achievement.
Also the fact that all this was announced this month! And by the way, a float of under 6M...........
