nFüsz, Inc. (OTCQB: FUSZ), a leader in business-focused interactive video, and the pioneer of Augmented Sales Intelligence software, announced the execution of a definitive agreement to acquire Utah-based Sound Concepts, Inc., a leading provider of SaaS-based sales, lead-gen, and customer relationship management applications for the direct sales, network marketing and affiliate marketing industries. Sound Concepts customers include 75 of the top direct sales organizations with more than 490,000 paying users in over 48 countries. This transaction represents the completion of another important milestone in the continued execution of nFüsz’s strategy to uplist the Company to NASDAQ. The details of the merger agreement are set forth in the Form 8-K filed on November 14, 2018. Closing of the transaction is expected to occur in or about January 2019. Press-Release
We intend to use the net proceeds from this offering for working capital and general corporate purposes. We may also use a portion of the net proceeds from this offering to pay for all or a portion of the Acquisition Cash Payment, as well as transaction and integration costs incurred in connection with the Sound Concepts Acquisition. For a more complete description of our intended use of the net proceeds from this offering, see “Use of Proceeds” and “The Proposed Sound Concepts Acquisition.”
Our Common Stock is traded under the symbol “FUSZ.” We intend to apply for the listing of our Common Stock offered hereby on NASDAQ under the symbol “FUSZ,” and anticipate such listing to occur concurrently with this offering.S-1 filing
Meet the management team at Sound Concepts Their new Brightools application has been in development over the last two years and in the last few months things have really started coming together! . . . Watch the introduction.
Sound Conceptswebsite Their sales application, offered as a SaaS application, is marketed under the brand name Brightools and is offered as a white-labeled application to large corporate enterprises engaged in the network marketing and affiliate marketing industry.
What is a white-labeled application? Many software companies offer white label software to agencies or other customers, including the possibility to resell the software under the customer’s brand. This typically requires functionalities such as the adaptation of the software’s visual appearance, multi-customer management and automatic billing to the end-customers based on usage parameters. What is a white-labeled application?
The Brightools app is a comprehensive sales, lead generation, and customer relationship management tool specifically designed to meet the needs of direct sales representatives and others engaged in network marketing and affiliate marketing sales. The Brightools app also incorporates recruiting tools, sales representative training, and education tools, and includes instant notification capabilities to notify sales reps on their mobile devices when a prospect has engaged in shared content. Brightools allows sales reps to share sales and product video content with their prospects via email and text, post content directly to social media, access corporate sales and product training materials, and receive analytics data and other engagement information regarding their prospects’ interactions with the digital sales content distributed through the app. Brightools also tracks customer purchases and allows corporate to monitor field activity to track the effectiveness of campaigns as well as compliance. In addition, sales reps can order physical product samples and purchase customizable brochures, invites, thank-you cards, and more, for direct delivery to customers and prospects all through the application. The synergies of the digital and physical tools provide sales reps with unique solutions to engage their prospects, acquire customers, close sales, and grow their businesses. Brightools is available on, and compatible with, virtually all mobile devices and is currently in use in over 48 different countries.
Update:On 8-14-18 the original S1 listed the user base at 360,000. Since then it has increased by over a third and is currently over 510,000 users.If this rate of growth continues, it will exceed Odoo's current user base of 3.9 million very quickly!
A client log-in page is already up on nFusz's website