Mobicard announces the completion and
results of its internal analysis of Think Latitude's comprehensive
review of its Mobicard code - a new vision, update
on procedural process, and exciting new product
developments.
Cambridge, MA -- September
26,
2018 --
InvestorsHub NewsWire -- Mobicard Inc. aka Peer-To-Peer Network
(PTOP)
is pleased to announce it has completed its internal review of
Think Latitude's comprehensive code analysis of its Mobicard
product and has already begun to take the next steps. The team at
Think Latitude recommends that we strategize for the future of the
Mobicard application to address several components that include,
but are not limited to, the following:
- Robust
web application for Mobicard that includes the current
functionality of Mobicard along with full implementation of the
25-action items, several of which were crucial to the original
functionality of Mobicard along with enhancements. This will be
built on new supported framework for modern web browsers i.e.
Laravel, CodeIgniter, Ruby, Python, etc.
- One
native iOS application for Mobicard which can run on Apple-based
smartphones.
- One native Android
application for Mobicard which can run on Android-based
smartphones.
- A
master admin panel which allows respective business
decision-makers from Mobicard to fully
analyze their customer base.
- A customer
portal which allows users of the Mobicard application to see their
Mobicard activity from the user base they send it to.
Joshua Sodaitis has been
Mobicard CEO for a little over two months, and has initiated a
complete reorganization, vision shift, and a restructure from the
ground up of all former management & CEO's former processes.
The new vision is to offer two versions of Mobicard. This new
vision includes top of the line technology on a new and improved
platform.
(1) A free version that would
allow Mobicard to demonstrate its tremendous value to businesses of
all sizes and industries, in order to expand the user base of
Mobicard more rapidly. This free version could drive revenue to the
company allowing for monetization through banner ads and other
forms of advertisements.
(2) A paid for
subscription-based version that will be ad-free.
CEO Joshua Sodaitis said "the
former application and process was flawed. Through my efforts of
improving the product with the right team and people, we will clean
up the process and make it more efficient. I think this will allow
us to sell more, scale faster, improve margins, and lower our
expenses."
Mobicard plans to create all
new marketing materials to reflect a new improved platform. This
would include social media account(s) to separate entirely form all
the former management's efforts.
Mobicard under the new CEO's
management intends to create an entirely new website, reestablish
former relations, and create and balance new relationships for the
progression of the company.
"In my short time as CEO I
have been dedicated to advancing the interests of shareholders,
with an emphasis on improving and modernizing the fundamentals of
the company through the core business product. After reviewing
Think Latitude's comprehensive code analysis, and many hours of
deliberation, I have decided it will be a better business decision
for the company by time, and cost, to develop a new improved
platform with new features as well as upgrading previous features.
Additionally, the web application can serve as the key backend to
developing a native application, which can be cross-implemented to
lower the time frame compared to implementing them separately. It
will also cost less to develop the fundamentals of the core
business product in this manner. Estimation for the
recommended
items will
require ongoing communication and specific recommendations and
requirements between Mobicard and Think Latitude, and can be done
in a phase-based approach to meet any specific deadlines that we
may decide for the calendar/fiscal year" stated Josh
Sodaitis.
"After we redesign Mobicard
to a new technologically advanced platform and migrate existing
users appropriately as per the discretion of Mobicard's
management, we
can determine a phase out approach to shut down the existing AWS
servers where the current Mobicard website and application reside.
With the new Mobicard application, there will be a complete revamp
of the Mobicard website where users can seamlessly access the
Mobicard application from any platform including mobile devices,
tablets, and computers. Our strategic initiative for developing the
new Mobicard applications will not only include plans to improve
the performance, but will also provide a vastly improved user
experience for the customers" expressed Andy Sajnani, CEO of Think
Latitude.
Joshua Sodaitis, CEO of
Mobicard went on to articulate "I believe with my vision
implemented properly, I should easily be able to expand revenues,
but more importantly with the proper planning, management, numbers,
data and team, we should be able to increase the overall valuation
for long- term strategic expansion. What's important to me is that
this company will survive and eradicate the former management
team's mistakes, thrive in saturating the market, and be able to
grow exponentially in the future."
Mobicard Inc. has submitted
a PowerPoint
presentation to
Think Latitude that will be used as a template for Think Latitude
to put together a Statement of Work proposal in order to determine
cost, timeframe for completion, and new feature additions including
expanding to native applications. After the SOW is submitted to
Mobicard Inc. from Think Latitude, they will enter into
negotiations between the two companies. After these negotiations
are completed, the two companies will settle on an arrangement
based upon equity and cash to have the new improved vision and
product completed. Both companies would like to pursue a continued
relationship and advance the technology together.
Joshua Sodaitis CEO
concluded: "My persistent, continuous action and dedication to
removing previous inefficient management that do not perform and by
bringing the right people to the team, coupled with my dedication
to advancement and implementing my new vision, is what will
continue to advance the company forward. I look forward to the next
steps with Think Latitude in our negotiations going forward.
"
MobiCard owns and markets its core
technology, a SaaS mobile solution branded C2A MobiCard, a scalable mobile business
card software platform that enables users to create a customized
web-based personalized mobile app that
is sharable by text SMS, email, digital and social media.
Subscribers are able to track when the card opens, views and shares
all while validating and analyzing new leads and referrals in real
time, thereby knowing who and when to follow up www.freemobicard.com
Safe Harbor
Statement:
This release includes
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The Company invokes
the protections of the Private Securities Litigation Reform Act of
1995. All statements regarding our expected future financial
position, results of operations, cash flows, financing plans,
business strategies, products and services, competitive positions,
growth opportunities, plans and objectives of management for future
operations, as well as statements that include words such as
"anticipate," "if," "believe," "plan," "estimate," "expect,"
"intend," "may," "could," "should," "will," and other similar
expressions are forward-looking statements. All forward-looking
statements involve risks, uncertainties and contingencies, many of
which are beyond our control, which may cause actual results,
performance, or achievements to differ materially from anticipated
results, performance, or achievements. Factors that may cause
actual results to differ materially from those in the
forward-looking statements include those set forth in our filings
at www.sec.gov. The company is no longer a
fully reporting SEC filing company. We are under no obligation to
(and expressly disclaim any such obligation to) update or alter our
forward-looking statements, whether as a result of new information,
future events or otherwise.
Joshua Sodaitis,
CEO
MobiCard, Inc.
45 Prospect
Street, Cambridge,
MA 02139
Phone:
1-617-651-2460
Email: info@freemobicard.com
