Key Executive | | Verecloud Overcomes Cloud Services Adoption Barriers | |
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John McCawley, co-founder and CEO, has more than twelve years of experience architecting, implementing and integrating software projects for telecom and finance companies, including private and public cloud integrations. | | Verecloud’s solution fully addresses objections to adoption of cloud services: | |
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| ● | Simplification—A single portal to do it all | |
| ● | Synchronization—A unified experience that integrates multiple cloud services | |
| ● | Security—Centralized control and monitoring of users | |
| | ● | Safety—Prevents vendor lockout and enables service portability | |
Board of Directors | | ● | Support—Single point of contact for customer issues | |
| | ● | Savings—Learn, shop, compare and buy service bundles | |
● | Dr. Hossein Eslambolchi, Chairman of 2020 Venture Partners, former CIO of AT&T, and executive officer of AT&T Global Networking Technology Services and AT&T Labs | | | | | | | | | | | | | | | |
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| | Multiple Revenue Streams |
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● | Mark Faris—30 year telecom industry veteran with Southwestern Bell, XO Communications, Mobile Satellite Ventures and Invisible Towers | | Verecloud is presently operating its own cloud service brokerage utilizing its proprietary software and platform. It is also making the platform available under a software licensing agreement to other businesses interested in aggregating and selling cloud services, including Communications Service Providers, value added resellers, IT product distributors and Managed Service Providers. |
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● | Phil Tonge—former President of Direct Energy, the largest residential energy retailer in North America, and a 20 year veteran of AT&T | | |
| | Financial Projections (For years ended June 30) |
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| | | | | | 2012 | | | 2013 | | | 2014 | | | 2015 | |
| | | Customers at Year End | | 1,818 | | | 11,476 | | | 24,727 | | | 46,827 | |
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| | | Monthly Revenue per Customer | $ | 296 | | $ | 829 | | $ | 840 | | $ | 840 | |
Verecloud, Inc. | | Revenue (000's) | $ | 3,283 | | $ | 6,225 | | $ | 188,819 | | $ | 373,192 | |
6560 S. Greenwood Plaza Boulevard | | Revenue Growth % | | | | | 1,978 | | | 177 | | | 98 | |
Suite 400 | | Gross Margin (000's) | $ | 2,544 | | $ | 60,985 | | $ | 173,283 | | $ | 346,626 | |
Englewood, CO 80111 | | Gross Margin % | | 77 | % | | 89 | % | | 92 | % | | 93 | % |
www.verecloud.com | | EBITDA (000's) | $ | (4,402) | | $ | 47,518 | | $ | 150,572 | | $ | 313,913 | |
OTCBB:VCLD | | EBITDA Margin % | | | | | 70 | % | | 80 | % | | 84 | % |
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| | | | Note 1--A “customer” is an SMB, averaging 30 internal users, providing monthly revenue to Verecloud (the net fee as service reseller) of 20% of the assumed per user gross monthly charge of $100 |
| | | | Note 2--Projections do not include revenue from software licensing |
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| | | Company Contacts | | | |
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| | | William E. Wood – President | | Jim Buckley – CFO |
| | | (303) 946-5124 | | (303) 514-1453 |
| | | billy.wood@verecloud.com | | jim.buckley@verecloud.com |