Monday, May 15, 2017 10:54:31 AM
http://www.otcmarkets.com/stock/YIPI/news/Letter-to-Shareholders?id=121781&b=y
Individual Sales
Yippy has acquired the right to purchase (at highly competitive wholesale pricing terms) and resell up to twenty percent (20%) of Globalstars network capacity. This will enable Yippy to resell Globalstar services and equipment to its own customers (together with access to the Yippy Data Software), who will benefit from enhanced data functionality and competitive pricing terms. Yippy believes that the Yippy Data Software will make satellite data and internet communications feasible for significant categories of customers previously discouraged from using satellite technology by slow data speeds and/or costs. We are in active discussions with potential partners who will assist Yippy in bringing satellite internet to un-connected regions of the world.
Enterprise Sales
Under the agreement, Yippy may purchase voice and data service at highly competitive bulk pricing terms enabling Yippy to sell enterprise satellite service in a wide variety of settings. Yippy is in active discussions with potential partners in the oil & gas, defense/military, aviation and maritime industries. Yippy expects to devote a substantial portion of its technical resources toward helping enterprise customers to integrate enhanced satellite data technology into their existing business and organizational structures and practices.
Globalstar Customer Sales
Globalstar has agreed to market the Yippy Data Software to its nearly 700,000 customers. Globalstar customers who purchase the Yippy Data Software will pay Yippy a recurring monthly access fee. The agreement also contemplates that Globalstar and Yippy may together market the Yippy Data Software to customers of other communication service providers.
Advertising Sales
With respect to Globalstarâ??s customers using the Yippy Data Software, Yippy is the exclusive advertising agent for Globalstar, meaning that Yippy has the sole right to sell advertising that will appear on the phones (at startup) of Globalstaras customers using the Yippy Data Software, and Yippy will receive a percentage of revenue from such advertising sales.
Colocation Sales
Yippy is acquiring the right to use twenty percent (20%) of Globalstars 26 gateways (and any future gateways which may come into existence during the term of the agreement) around the world, which includes a right to sell third-party hosting in its colocation space.
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