Ann: Spenda Platform to be rolled out to Carpet Court, page-216

Don’t get me wrong but this deal is better than no deal. But as is very usual with start up SaaS technology, you have to ‘buy’ the first client. Given this has taken around a year, it’s clearly been a very expensive exercise for zero revenue. All the integration API’s need to be built and the customisations. All at Spenda’s cost. Now it goes into pilot for the 40 stores. Again there will be very little or no revenue during this pilot. Then of all goes well revenue will start to flow. It’s a least 3 months away maybe longer.