TTMT- shareholder meeting-
Annual Meeting Conclusions
Tiger Team Technologies held its annual shareholders meeting on September 21, 2005. Various topics were addressed concerning the operations of the company with the following information and conclusions:
Highlights
The company is now able to offer its clients protection against hacked or sniffed transmissions. Thus T3 is able to provide the most comprehensive solution available today to its clients in terms of risk management. The tracking and storage engine is now copyrighted and commercially available and is proprietary to T3.
The company continues to aggressively pursue contracts across several different industries. The versatility of the product offering enables the company to pursue opportunities across a wide spectrum of clients and industries. The company fully expects to announce a significant contract with Competitive Companies on or around October 1, 2005. This contract was expected to have been executed on Aug, 1, 2005 (ref the announcement of the signed letter of intent in July of this year). The delay has been due to internal issues with Competitive Companies which their management has assured us are now resolved.
The company is in talks with several companies concerning its service offering. The company is in the latter stages with Children’s Hospitals and Clinics, Blue Cross and Blue Shield, and Message Labs. Ongoing discussions and presentations continue with two of the largest financial services company in the world, Citigroup, and JP Morgan Chase, as well as the largest health care insurer in the United States, United Healthcare. Additionally we have had serious interest expressed from the top management of the Mayo Clinic, a bellwether in the healthcare field.
Management is fully aware of the present situation concerning its stock valuation. The company was originally valued at $0.50-$0.55 cents per share, or a market cap of $50-55 million. This valuation was prior to the development of some of the tools now available to clients with its service offering or the development of the present contract opportunities with some of the largest corporations in the world. For the last year the stock has experienced an inordinate amount of pressure due to short-selling resulting in downward pressure on the stock price, thus the resulting undervaluation. It is clear to management that those shorting the stock are making a bet that the company will not survive. Management is exploring all options at its disposal to deal with this issue and develop solutions that will result an increase in the share price that is reflective of the true value of the company. The announcement of these upcoming very significant contracts may provide some respite from this short-selling. Should that not be the case, management is pursuing other options that will be announced as they are implemented.
The company recently completed a two year audit of its financial statements. As a result the company has listed with the S&P market access program. This listing requires companies to meet standards similar to that of the SEC. The benefits of this listing is that it does not require the company to meet some of the more onerous, burdensome and costly requirements now imposed by the SEC partly as a result of the Sarbanes Oxley legislation. The audited financials and the listing with the S&P affords the company a status of legitimacy within the financial and brokerage communities.
Every effort has been made in the last year to recruit board members of the highest reputation and professional credentials. While many invitations have been extended to individuals there has been a reluctance to serve do to the present environment and the perceived liabilities associated with serving on the board of a public company. T3 is not the only company experiencing this difficulty. Paul Hogan remains the single board member to date however an invitation has been extended to a qualified individual and a third member is close to being identified. It is expected that a board will be constituted in the next 30 to 60 days. This has been an ongoing cause for concern and every effort has been made to resolve this issue.
Management continues to enter into marketing agreements with vendors strategically placed and operating in foreign markets that manage feels provides an opportunity and market for the company’s service offering. To this end agreements have been entered into with two vendors, one functioning in Japan, and the other in the Chinese market. Management will continue to identify vendors and expects to enter into similar agreements to penetrate the European and South American markets.
Finally, with pending contracts that the company expects to conclude in the fourth quarter, the company management has a reasonable expectation of reporting an operating profit for the fiscal 2005 year end. This, of course, is subject to the vagaries of the market place and certain events that are for the most part unforeseen and out of the control and purview of Tiger Team management.. Both Message Labs and Competitive Companies have notified us that they expect to conclude contracts with the company before the end of the third quarter of 2005. . Additionally Blue Cross/Blue Shield has indicated that they will be budgeting for T3’s service offering for their 06 fiscal year. That process is to begin in October of 2005.
In conclusion the prospects for the company are very positive going forward. Tiger team continues to garner interest across many different industries from some very large corporations. The company has moved aggressively to perfect its product offering, create proprietary software and technology, and to differentiate itself completely thus limiting competitive forces. No one in the world has developed and is offering the service that t3 provides its clients. Management will continue to maintain that differentiation. Creating proprietary products and services, and differentiation in the market place can only serve to enhance shareholder value in the long term.
Market Data 
Markets 
AI
