Replies to post #23483 on Xcelerate Inc (XCRT)

[mahatmapaul]

Why are you posting this? Slow day?

These developments are all well and good, but still somewhat empty until they result in revenue and profits.

I recently counter-balanced these developments with his very-much-kicking-the-can-down-the-road of the Afiyasasa Africa LLC project. I'll summarize my earlier post:

March 9, 2022: "ASA expects to have a fully operational beta site by the end of Q2 2022 and expects to be revenue-producing before the end of 2022.”

Late in 2022: "Xcelerate & Afiyasasa Africa LLC expects its fully operational beta sites to be successful by the end of Q4 2022 and estimates that revenue will start to flow in early 2023."

January 3, 2023: "Thanks to the continued efforts of Dr. Elegalla and his team in Tanzania, the software for the AfiyaSasa program has been translated to Swahili and the end user apps are nearly complete. We anticipate being able to go live with the program by Q2 of this year."

March 14, 2023: " ... we anticipate commencement of a revenue stream from this project by Q4 of 2023”

June 8, 2023: "The system is expected to go live in mid to late July"

Since June 8, 2023: no further references to the Africa/ASA project in any press releases.

FORM 1-K/ANNUAL REPORT (3 weeks ago): "AfiyaSasa Africa, LLC *** We anticipate revenues from these agreements to commence initially in late 2024 or early 2025, provided that sufficient working capital is available. There are no assurances this will occur ..."