Ann: Property Connect Achieves First Revenues-PCH.AX, page-14

@troyboy; I got in this looking at previous announcement and comparing with other tech peers. They signed contract for AUD 10m recurring revenue and further deals are in advanced negotiation. Look at where JCS and many other tech stocks are, believe Market will wake up for this once they sign couple of more contracts. Also, TA wise it's trading at the lowest and so i find very minimal downside. However, going up can take longer than expected but I am fine with it. I like to sit and watch & like to top up as free carry cash from other stocks. Well this won't stay around AUD 2m MC forever, right?


Property Connect Achieves First Revenues
 Commercialisation achieved with SellState Partners Realty early in Q3 CY16
 12 month contract, recurring revenues
 Initial rollout of Halo underway
 Further contracts under advanced negotiation

Key terms of the MSA are as follows:
- Monthly License Fee: US$150 per location
- One Time Conversion Fee: US$100 per active LiveOffer™ (annual license) - Transaction Fee: 25% of the rent above listing price - SecureNow Fee: US$25 per use
- Pilot Pricing: 25% discount on all associated fees above

Assuming 50% utilisation this would result in potential annual revenue of more than US$7.5m (excluding the Transaction Fee and Secure Now Fee). Utilisation is the proportion of properties leased by SellState via LiveOffer™.

More than AUD 10m (USD 7.5m) revenue from current contract plus further contracts under advanced negotiation and MC hardly b$2.8m. Got in for Short term.