NeoMedia Conference Call Notes
(Blast from the past (last November), courtesy of Sean. Makes for interesting reading nearly a year later.)
* Scott Womble reads forward looking statements
* Frank Pazera goes over NEOM's financials
* George O'Leary discusses the sale of Triton and Micro Paint. Working capital 3 Mil.
* William Hoffman discusses optically initiated transactions.
* Focus on Europe and around Gavitec. Christian Steinborn appointed as COO.
* 2 new additions to the Strategic Advisory Board: Richard Cremona - Open Wave and ????
* New VP Marketing: Terry Griffin. Earthlink & Coca-cola.
* William Hoffman discusses OMS - Optical Messaging Service and OMI - Optical Messaging Interchange.
* In discussion with over a dozen parties for OMI - Optical Messaging Interchange platform.
* William Hoffman turns it back over to Frank Pazera for the Q&A.
* Question: News Corp & Verisign?
Over a dozen organizations in discussions for OMI. Most under non disclosure.
* Question: When will the NeoReader cover all of the other actions associated with our patents: RFID, Voice, ect?
Frank Mueller of Gavitec targeting standards bodies. 2D barcodes the focus of today. NeoReader based on customer requirements.
* Question: Equity Partner?
NEOM fortunate to have Yorkville. Company aware of current financial state. Yorkville to provide necessary runway.
* Question: Possible buyout in the future?
Can't rule anything out. NEOM focused on current operations. Launching OMS.
* Question: OEM, carriers, ect. getting embedded, hardwired, or on the decks of the carriers?
Hope is to have major penetration in Europe, Africa, South America. Discussion about OMS service. Developed OMI platform to ensure interoperability.
* Question: Revenue model?
Customer's will pay higher for interoperable ecosystem.
* Question: Yorkville largest stockholder. What are their intentions?
Yorkville largest debt and equity holder. Have been very supportive.
* Question: Yorkville willing to sell some of its debt holdings to a larger entity?
Unable to gauge their intentions. Yorkville great assistant to the company and willing to support NEOM.
* Question: Concern regarding default with Yorkville?
September in technical default. Completed registration statement. Sale of Triton and Micro Paint. Believe default has been cured.
* Question: Time estimate on large carrier adoption?
Trailed by carriers. CTIA barcode group a good benchmark to follow.
* Question: Mobile ticketing in the US? MLB?
No patent infringement by other companies (Mobiqa). In discussion with companies about Gavitec redemption readers (EXIO).
* Question: Patent reexamination and EFF?
Submitted public PR statement. Patent has been tested. Others can ignore the patents, but they will have to deal with them later on. Despite the patent issues, the company must focus on sales and revenue.
* Question: Cornell converting at low share price resulting in excess dilution?
Yorkville has right to convert.
* Question: Shareholder meeting?
18 month window. Late Spring. May or June.
* Question: $5 million 12Snap obligation due in December?
Discussions in progress. Some 12Snap shareholders receiving quarterly payments.
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
