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Monday, July 22, 2013 7:49:57 PM
That is where we are heading, cash flow positive by end of year or sooner!!! That is a 25 X increase in monthly marketing initiatives, we will see some real numbers now!
10Q
Management’s plans include:
1. Seek to spend $25,000 each month on marketing initiatives, with the goal of generating sufficient revenues to be operating at positive cash flow within six months.
The Company has instituted a plan of salary deferrals and has signed an agreement with a lender to provide the Company with cash to cover its monthly operating cash-flow shortfall and marketing money for the next six months.
The Company has only expended approximately $1,000 a month on direct marketing efforts in fiscal 2013. Management believes that the additional advertising expenditures to promote the Company’s mobile VoIP app will bring additional subscribers and will result in a significant increase in revenues to the Company.
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