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Redbox could wake up tomorrow and be in Canada, no problem, the big question is how will EFLS expand? They are going public for a reason, my guess to raise money for expansion, but what is their big plan, how much and how fast? Redbox was able to expand quickly because they already had the Coinstar infastructure in place to piggyback on.
The big question is how will EFLS compete with Red Box and Coinstar's obvious advantage and access to money? Anybody talk to the CEO, how does he plan to finance the company?
We are Canada's newest and greatest DVD/Video Game, Digital rental/purchase opportunity. We offer kiosk style appliances that utilize specialized computer software and robotic hardware to facilitate the sales and rentals of various popular media types.
The DVD Movie, Game rental/purchasing market is growing at unexpected rates year after year and will only continue to grow with time. It's no secret that DVD movies are the most popular video format ever, and even more important is the fact that the High Definition DVD is the next video generation format.
Mediamatic Ventures Inc. machines are the ultimate solution for selling and renting movies and videogames, because every Mediamatic Ventures Inc. machine is an automated video store, capable of servicing 1 to 6 customers at a time at the same machine (depending on the model), and all of this 24 hours a day, 7 days a week, without any personnel needed and in a very small footprint.
With Mediamatic Ventures Inc. you will be able to Rent or Sell: - DVD's (Either New or Used, Even Surplus Rental Items)
- Console Based Video Games (XBox, XBox360, PS2, PS3, Wii)
- Digital Downloading
- Wi-Fi Hotspots
- And Just About Anything Else That Can Fit In a Standard DVD!
With this opportunity from Mediamatic Ventures Inc., you can convert any vending machine sized space into an incredibly profitable area of your business or location! Mediamatic Ventures Inc. kiosk is the most convenient way to attract new customers to your business, improve customer loyalty and increase frequent visits.
Thanks to our automatic system enabled for credit card and cash transactions, there are no applications to fill out, so your customers can buy or rent directly at the machine, with the convenience of a 24 hours service and without any personnel help.
Mediamatic Ventures Inc. through-the-wall models are an outdoor designed system that can be installed in any business window or wall space, with an exterior view so customers can access the machines even when the business is closed. Ask your sales representative about the right conditions you need in order to install a machine. Every Mediamatic Ventures Inc. kiosk can be configured with a smart circuit system, therefore you can connect various Videomatic machines into one net basis so that customers can buy, rent or return products at any of the Mediamatic Ventures Inc. kiosk's connected to that circuit.
This was designed specifically for large chains, in order to have all the company's Mediamatic Ventures Inc. units connected among them. You can even launch promotions and advertising campaigns directly at the Videomatic touch screen displays.
Remember that you can set 20 and 30 second advertising spots during the renting/purchasing and/or returning waiting time, giving the certainty that the customer will watch the ad, making it a great way of promoting your products and even earning extra money from other advertisers.
Nice expansion into Canada in other words thanks to the acquisition of MediaMatic Ventures Inc.
On February 10, 2011, we entered into a Plan of Exchange agreement with the shareholders of MediaMatic Ventures Inc., a privately-held company incorporated under the laws of the Province of Alberta, Canada (“MMV”)
And this section from the 8K filed Feb 11 is very encouraging, seems like the transaction is done by using restricted shares, which shouldn't "hurt" the current float. Interesting...
February 11, 2011 we purchased all 15,685,692 of the issued and outstanding common shares of MMV from the MMV shareholders in exchange for issuing 28,000,000 shares of our common stock to the shareholders. MMV and its shareholders represented that on the date of the agreement MMV had total assets of at least $3,200,000 and liabilities of not greater than $850,000 (excluding contingent liabilities). At the closing, we also issued 3,980,000 shares of our common stock to one person who had provided advice in connection with the transaction, 2,737,867 shares of our common stock to each of two persons who assumed responsibility for paying certain of our obligations as required by the exchange agreement and who had provided advice in connection with the transaction, and 876,946 shares to Adam Slazer for his assistance in connection with the transaction. As a result, we issued an aggregate of 38,332,680 shares of our common stock, all of which are restricted securities.
The share exchange eliminated ALL liabilities. Man, that's a debt-free company, very nice.
our eliminating all of our known or potential liabilities as of the closing date, including, but not limited to, any accounts payable, accrued expenses, and any liabilities shown on its quarterly report for the period ended September 30, 2010;
Since MMV from now on is a fully owned subsidiary EFLS will take advantage of the current assets for instance belonging to that company. Nice value increase.
The share exchange is being accounted for as an acquisition for accounting purposes, as MMV is now our wholly owned subsidiary.
Look at the current market opportunity here:
Multimedia kiosks providing both digital and physical content are a rapidly growing market. In 2007, the market leader in physical DVD kiosk rentals, RedBox, surpassed Blockbuster for number of US locations. As traditional brick and mortar video stores are shutting down due to alternative solutions and high fixed costs, even historic market leaders such as Blockbuster have begun to adapt, particularly through a recent partnerships with NCR as the provider of their own DVD kiosks. In 2009, DVD Kiosks represented 19% ($950 million) of all DVD rentals and is estimated to reach upwards of 30% ($1.3 billion) by 2010. It is predicted that the US market can support 60,000 DVD kiosks, which should be reached in 2014, and is expected to generate sales of $2 billion. The DVD rental business continues to be the 3rd largest source of movie revenue, while online rentals (ON-DEMAND, etc.) only generate a small amount of the total.
And the product overview for MMV:
MMV’s DVD kiosks are highly portable condensing more than 700 square feet into 7 square feet containing more than 1000 titles that are managed by a highly technical backend content management system, including the following features:
Digital downloading Utilizing MMV’s built in WiFi technology, customers can download digital content from any MMV kiosk through a variety of devices including computer, iPad, iTouch, PDA device, USB, Digital home boxes and any device with similar capabilities located within 100 yards of a kiosk.
24/7 Central “Remote” Monitoring System Monitored remotely, MMV has 24/7 insight into its machines, including DVD inventory and rentals by location and technical issues. MMV has the ability to fix most technical and customer-related issues remotely as well as to manage the inventory of individual kiosks.
IP Connected MMV DVD kiosks are connected via IP into a customer-accessible network such that customers can go online to view and rent/purchase items for all locations.
Pre-reserve titles Consumers have the ability to “pre-reserve” their favorite titles via the MMV website. Based on the customer’s location, they are able to pick a specific location and reserve their preferred title prior to physically renting the DVD.
Multiple User Interface In the event multiple users wish to download digital content from a single kiosk, MMV’s broadband allows up to 6 concurrent users to download their titles.
Digital advertising Newer versions of MMV’s DVD kiosks are equipped with an LCD monitor that is able to provide movie previews and paid advertisements.
Touch screen monitor Customers are able to interact directly with the DVD kiosks via an easy to use touch screen monitor.
Multi-tied product offering MMV offers two payment solutions to rentals: single unit rental and monthly subscription. Customers can either pay on a per/rental basis or can sign up for a monthly subscription allowing unlimited rentals (2 DVD’s at a time). Subscription revenue typically accounts for over 30% of MMV’s monthly revenues.
CHIP Pre-paid membership MMV offers a pre-paid membership card, which may be used to receive gifts and discounts at all MMV DVD kiosk locations.
Private label MMV allows large retailers to private label the MMV kiosk box with their own brand.
Competitive Edge MMV’s DVD kiosks offer a variety of features that are not available from the current competition:
Digital Downloads MMV has the only WiFi-enabled DVD Kiosk currently in the market with digital download capabilities. With download speeds of 110MB per second, by December 2011 MMV plans to offer over 100,000 titles (movies and music) that may be downloaded digitally. Utilizing its remote content management system, MMV allows users to request specific titles at specific kiosks locations to be downloaded. If a title is not currently available at a location, but is in the system, MMV can easily switch out titles enabling the customer to have access to their preferred content. Upon a digital rental of a title, depending on the terms, the title will be removed from the device after an allotted amount of time. No competitor offers any digital download capabilities. Video Games MMV operates the only kiosks to offer both DVD movies and video games in all of their kiosk locations. To date, video games have a higher margin than DVD’s and have been a strong revenue producer in several locations.
Subscription Mode MMV is the only DVD kiosk provider to offer two rental models; single unit rentals or a monthly subscription. Customers have the ability use either a single unit rental or can sign up for a monthly subscription allowing unlimited rentals (2 DVD’s at a time).
Assets as of end of 2010:
Total equipment – net $ 2,943,679
Long term expansion into Canada, very nice to see:
On January 1, 2011, the Company signed a 3 year lease for a warehouse located in Cochrane, Alberta.
whats this stock do excerise busines? im confused whats redbox some one please explain what this company does and why its a good bet and why its moving up on no volume
Steady UPwards: Time & Sales Price Size Exch Time 0.21 5000 OTO 15:54:55 0.21 10000 OTO 15:54:53 0.205 5000 OTO 15:52:33 0.20 5000 OTO 15:51:54 0.20 10000 OTO 15:42:15 0.20 5000 OTO 15:38:03 0.20 5000 OTO 15:37:46 0.20 15000 OTO 15:37:36 0.20 5000 OTO 15:37:34 0.18 5000 OTO 15:34:05 0.17 2500 OTO 15:32:41 0.16 5000 OTO 15:32:33 0.15 5000 OTO 15:32:22 0.15 5000 OTO 15:32:20 0.145 2500 OTO 15:32:18 0.129 9500 OTO 15:32:05 0.129 5000 OTO 15:31:18 0.125 10000 OTO 15:24:16 0.125 10000 OTO 14:56:10 0.129 500 OTO 14:51:31 0.12 10000 OTO 14:00:58 0.13 3000 OTO 13:59:53 0.125 8000 OTO 13:59:53 0.13 7000 OTO 13:58:44 0.13 3000 OTO 13:19:12 0.13 10000 OTO 13:04:14 0.12 10000 OTO 09:32:51 0.116 2000 OTO 09:32:49 0.115 5000 OTO 09:32:40 0.115 3900 OTO 02/14
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