NeoMedia Technologies, Inc (NEOM)

[edster1]

Micropaint to be sold in 60 days
Triton to be sold in 90 days
Strategic investor in 90 to 120 days ( $10 million.. couldn't comment on structure)
Burn rate 500-700k per month
This should provide enough cash to operate through year end, with the strategic investor pushing it out to two years
Not much happening with Newscorp(test mode) and no significant revenue
New CEO by mid July
Rebranding Qode to include all ticketing, etc. to offer a complete suite of tools, (no timeline given)
NEOM is happy with progress of MC2 meetings. PR's will come from MC2 on status of meetings.
Keywords still available, but not many people using them. They are part of the overall package and will continue to be.
Sales force - 7 direct - 12 to 15 indirect.