CEO Update.....
Dear Curaegis Shareholders,
This is a short CEO update for CurAegis Technologies, Inc. as of June 19, 2019.
AEGIS Division Sale:
Initial contacts have been sent out. Paramax (our investment banking consultants) is expecting to send out others in the near future. We have already received some initial responses. We expect to receive further responses over the next 30 to 45 days. It is essential that we minimize information so that it does not find its way back to potential buyers. The number of responses and the responders’ names has to be kept confidential. I will keep you informed as much as our protocols will allow.
CURA Division:
As you know we have been working with two companies; one to build our API, SDK and Cloud Presence, and one to build our App. We are very excited about the look and feel of the new App and we believe the user experience will be very impressive. Some features of the new App are:
? The App interfaces with Apple Health Kit, Google Health and Fitbit.
? Data can be captured from any wearable or sensor feeding these systems, such as:
o Apple Watch
o Fitbit
o Wear OS devices
? Will be available in the app stores.
? Cleaner look and feel.
? Display sleep history.
? API integration.
? Seamless Help Desk Integration.
? Push Notifications to the user.
To finish up and fix any existing bugs, we have merged the balance of the development into one of the companies. As you know from our previous experiences, it is very difficult to predict a date when this will be completed. We are doing everything we can to have the system ready as soon as possible. We do have many companies and organizations waiting to see and hopefully buy this valuable technology.
FUND RAISING:
We are in the midst of raising funds for a bridge loan to take us to the closing of the AEGIS Division Sale. We have preliminary commitments for most of the funds needed.
I will keep you informed of our milestones as soon as I can.
As always, thank you for your patience and confidence,
Richard A. Kaplan, CEO
