Strong progress being made with more Seat Licence sales to additional New York Public SchoolsAs previously reported, KNeoMedia has secured the support of the New York City Education Department District75 (“District 75”) with 33 of the 60 Schools in District 75 now deploying the Company’s content. A further sixgeneral public schools outside of District 75 have also procured Seat Licences, taking total school numbers to 39.Through recent onboarding activities, KNeoMedia’s New York team has strengthened its relationship with District75 educators and administrators, and is very well placed to secure new Seat Licence orders with most of theremaining 27 District 75 schools expected to place orders. These sales will materialise before the end of October.A deliberate strategy has been to cover all of District 75, which in turn provides stronger validation to other Citiesand States across the US. Enquiry from several new Cities and States continues to build and the Company is veryencouraged by the broader US prospects.
Based on our cash receipts we can be pretty sure the remainder of D75 never materialized.
“As previously advised, we expect to complete sales of new Seat Licences into a large number of the remaining27 District 75 Schools by the end of October and build significantly on the 10,000 already sold. We are committedto this timeframe and we look forward to reporting on a steady stream of sales from next month. New Yorkpublic schools outside of District 75 and the broader US market also hold considerable promise.”
From Dec 2017:
Update on trials of KNeoWorld in new marketsThe trials of KNeoWorld Special Needs content in both Buffalo (NY) and Newark (NJ) are progressing successfullywith very positive feedback from schools. As a result, two additional cities in the state of New Jersey willcommence trials next month. As was the case in New York City, successful 30-day trials are the catalysts forconversions into seat license sales.In Australia, the first KNeoWorld trial in Victoria has progressed well and two more are scheduled to commenceat the start of the school year in February 2018. These trials will expedite sales conversions across a larger numberschools in Australia and the Company anticipates further penetration across Australia during the year.Sales progress New York CityKNeoMedia is also pleased to report that further commitments have been received from District 75 Schools andthe Company now awaits further budget allocation from the Department of Education in January. Growth in SeatLicences in New York City alone are expected to materialise very shortly and this market remains a key focus forthe US team since our last update of 14,500 licenses reported on 26 October 2017.The Company looks forward to updating shareholders on these developments in the New Year and expects toshow strong quarter on quarter growth in new seat license sales and revenue in 2018.
Yep boy we did some strong quarterly results this year James!
Good luck guys and I really do hope I am completely wrong, but let's not forget the bs we have been fed in the past 12months. I am taking anything JK says with less than a grain of salt.
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