- SAIS continues to focus on developing and marketing its
ground-breaking Customer Experience Management technology and
digital media services.
- Operating net loss of continuing operations of US$2.6 million is directly attributed to SAIS'
current transition period as it concludes the sale of its
traditional distribution business.
TORONTO,
Aug. 27, 2019 /CNW/ -- Sarment Holding Limited ("SAIS" or
the "Company") (TSXv: SAIS), a provider of advanced technology
solutions, business intelligence and supporting services announced
today its second quarter financial results for the period
ended June 30, 2019.
For the three months ended June 30,
2019, the revenue of the Company's traditional business,
Sarment, and of Kaddra have been split. The latter, SAIS's Customer
Experience Management ("CEM") solutions technology and media
services business has started to sell and the Company has
registered US$31,000 during this
period. It has also confirmed a sales order book of nearly
US$0.6 million as of June 30, 2019.
The Company's operating loss of US$2.6
million for continuing operations in the second quarter of
2019 is attributed to the Company's current transition period, as
it concludes the sale of its traditional wine and spirits
distribution business, to a private consortium of shareholders (the
"Transaction"). The information regarding the Transaction has been
disclosed in the Management Information Circular, which are
available on SEDAR at www.sedar.com.
"We have significant work ahead of us as we focus our priorities
on developing and marketing our technology and digital media
services," said Quentin Chiarugi, Chief Executive Officer of
SAIS.
This Transaction will be approved in the upcoming Annual
General Meeting and Special Meeting on August 30, 2019.
The Transaction provides major benefits for the Company
once it's closed. The structure of the
Transaction would relieve the Company
of all its shareholders loans thereby
significantly
improving SAIS' balance sheet. It will also
enable the SAIS management to fully
dedicate itself to accelerate Kaddra CEM
technology and media solutions business.
Kaddra's flagship product, a sales and marketing platform,
enables businesses to digitalise their customer experience and is
the result of over several years of research and development by
SAIS.
"SAIS has developed a strong internal technology team and built
an all-in-one platform, clearly ahead of competitors with its
faster integration, ease of use and lower costs. This technology
know-how, was coupled with insights from other in-house personnel -
seasoned salespeople and marketers from various industries - who
knew the exact core functionalities the platform required to
provide an optimal customer experience," stated CEO Quentin Chiarugi.
The Company's CEM solution is a proprietary cloud-based software
enabled to manage a mobile digital marketplace,
marketing tools and campaigns as well as collating uninterrupted
users' behavioural data to provide insights to re-target and engage
at a personal level with the users.
"The Kaddra platform is available for clients in the form of a
subscription service, providing them with the entire front and back
end of the platform to connect their offering of products, content
and services to their customers. This CEM solution delivers
highly-secure transaction capabilities with high-volume
availability and big-data gathering on a permission-marketing
basis, fully supporting customer service via a live chat paired
with proprietary AI Sentiment Analysis Tool. Kaddra's platform and
methodology supports a tiered approach providing enterprise clients
with the ability to differentiate products and services
provisioning between various levels, thus increasing engagement and
retention with desired customers advancing in service levels when
positioned into specific tiers," Will
Beattie, SAIS's Chief Technology Officer, explained.
"SAIS will now be focused
on commercialising its leading Kaddra CEM technology platform to
deliver a new phase of technology led growth which is supported by
our continuing shareholders, many of whom invested with us because
of our CEM technology platform," Quentin
Chiarugi concluded.
Post June 30, 2019, SAIS has
successfully signed three clients to the Kaddra platform, and the sales pipeline of
potential clients is also growing.
About SAIS
Singapore-based SAIS is a
provider of advanced technology solutions, business intelligence
and supporting services. Across our units, we connect businesses
with their customers through end-to-end intelligent solutions. As a
global leader in the development of Customer Experience Management
(CEM) platforms, we are focused on utilising AI to create
technology aimed at providing unique digital experiences, and
crafted to foster ground-breaking client-customer
relationships.
To
learn more about SAIS, visit our website: sais-group.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For further information contact:
Deborah Krish
SAIS
deborah.krish@sais-group.com
(65) 6424 0411
SOURCE Sarment Holding Limited