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Wednesday, 04/01/2020 3:04:32 PM

Wednesday, April 01, 2020 3:04:32 PM

Post# of 60707
We are anticipating news of uplist to NASDAQ capital markets near term. We continue to hold our valuation at 1b MC 2020 year end.

Demand for Ecomm solutions has never been higher and analyst forcast demand will continue to be the new norm.

https://seekingalpha.com/news/3552957-analyst-raises-amazon-estimate-on-increasing-demand

https://apnews.com/Globe%20Newswire/532d3cce2fa3e764bf56c94c2e3593a5

“CreateApp’s subscription-based model and the advantages of digital customer interaction continue to drive business activity despite the problems created by the coronavirus. There is now a greater focus with consumers on buying things that don’t require going out, but which you can order online and have it delivered to your door. As a result, we continue to expect growth in 2020, with our positive outlook aligned with industry analyst expectations for all e-Commerce- focused companies.

“We continue to work to elevate our profile in the financial community, since we believe the market valuation for a company like ours with $34.6 million in subscription-based revenue should garner a several times multiple in its price-to-revenue ratio. Publicly traded Software-as-a-Service and Platform-as-a-Service companies in our peer group typically trade at an average of around 10x revenues. Other microcap comparables trade at around 4x to 5x revenues on average, still considerably above our trading range. We expect the revenue and synergistic offerings of Push should drive our valuation even higher.

“We understand the benefit to our valuation of uplisting to a national exchange, and that such a listing would provide our investors with better trade execution and liquidity, as well as increase our visibility with retail and institutional investors. Near the end of February, we implemented a 1-for-13 reverse split of our common stock to allow our stock price to meet listing requirements. No one anticipated that so soon after that the spread of the coronavirus would hit the U.S. so hard and crush the financial markets. But we are continuing to advance the application process and hope to receive approval soon.

“To drive business growth and expansion, for the remainder of 2020 we will continue to focus on supporting our channel partners and enhancing our platform offerings. We expect margins to improve as we introduce more value-added services and increase our revenue base. We will also continue to evaluate a number of attractive merger and acquisition opportunities. We have the team and infrastructure to execute on our strategic business plan, but we also plan to continue to invest in our platform and people, with a focus on global expansion and user growth above all else. Given our momentum and proven differentiated products and strategies that address large and growing global markets, we anticipate finishing the year better and stronger than ever before.
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