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Re: OMOLIVES post# 4160

Wednesday, 01/22/2020 6:57:09 AM

Wednesday, January 22, 2020 6:57:09 AM

Post# of 7371
“In 2017, the company shifted strategy to try to partner with one or more larger OEMs in the gaming space that could help introduce either the existing Falcon, a cost reduced version of the Falcon and/or the Xio controller that was in development. There has been significant interest and testing from two well known OEMs in the gaming space but the process with large OEMs is an extremely strenuous and long process and there can be no assurances that the company will be able to successfully conclude a partnering arrangement. As such, during the second half of 2019 the company once again refocused on trying to do direct sales and the company expects to recognize revenue from these sales effort in the remainder of 2019 and 2020.”