Ann: TMP Sells 90% Share of Mpire Network and Moves to SaaS Focus, page-5

Overall I think that this is a positive move for the company to focus on the higher margin business. I would have liked to have seen more commentary on how much this sale will save them in expenses moving forward as I would expect costs will come down overall on exiting what was a low margin and potentially costly part of the business. Obviously this part of the business has not been a key focus in recent months either noting the drop off in revenue as the focus on Trafficguard.

I have a slight concern over the deal struck is in the profit share arrangement where the new owner benefits from trying to ensure profits are kept under the $1m figure for 3 years. $1,000,001 would be $250k to TMP where as <$1m is $100k to TMP. '

Either way it is the cost savings and progress in sales with focus on high margin SaaS that will drive this moving forward. Retaining the 10% interest in Mpire will still give us some additional cash with a little boost for now also.

Not much downside anyway given how the market cap of TMP has been slammed already to not much more than cash backing and a shell.