The move into the Philippines, take 3……. Will plan #3 work?
Fingers crossed!! – no reference to Fingers xed, is meant nor implied.
#1 - Viscaya Bank [a very small community bank Ms. Isabelita Perez]
#2 - Going it alone, at least that’s the way it reads to me.
#3 – New Philippines JV partner > Isabelita Perez
#1 - 16-Mar-2017 - “KNeoMedia enters Philippines with content distribution agreement with Vizcaya Bank”
“Online education content publisher KNeoMedia Limited (ASX: KNM) (“KNeoMedia”, “the Company”) is pleased to advise that it is expanding into the Republic of the Philippines after executing a Letter of Intent (LOI) that will see long established financial institution Vizcaya Banki (“Vizcaya” or “the Bank”) distribute the Company’s high-quality education software to schools across the country in a coordinated program with relevant government authorities. Under the terms of the LOI, a subsidiary of Vizcaya will sell two of KNeoMedia’s highly-regarded education software products, KNeoEd and KNeoESP, directly to education departments in the Philippines on a revenue split basis, with the arrangement including minimum sales performance hurdles. As English is the primary education language no further translation of the KNeoMedia products will be required. The rollout will be coordinated through the Philippines’ Department of Education and, where appropriate, the Commission on Higher Education (CHED) and the Technical Education and Skills Development Authority (TESDA).”
https://hotcopper.com.au/threads/an...market.3301257/?post_id=23390346#.Wu6-YO-FNhE#2 - 12-Apr-2017 - “KNeoMedia Update On Philippines Distribution Agreement”
“After further due diligence and negotiations with Vizcaya’s representatives, KNeoMedia has determined that a more lucrative strategy is the coordinated roll-out of KNeoWorld content into the Philippines school market directly through the Philippines’ Department of Education, the Commission on Higher Education (CHED) and the Technical Education and Skills Development Authority (TESDA). The new strategy, which will deliver a greater proportion of future revenue to KNeoMedia, is currently being formalised, and the Company will shortly announce details on the individual that will lead the Company’s Philippines market entry and ongoing management. KNeoMedia believes that there will be no delay in the rollout of KNeoEd and KNeoESP into the Philippines given this direct-to-market approach.”
https://hotcopper.com.au/threads/an...eement.3359268/?post_id=24032118#.Wu6-F--FNhE#3 - 09-Apr-2018 -
“Philippines KNeoMedia has reached agreement with its Philippines partner to roll out KNeoWorld Special Needs content to public schools there. A Joint Venture company has now been established and details of the local board composition and team will be reported very soon. First Seat Licence sales, at USD$50.00 per licence, are anticipated during the June quarter. The Company has previously outlined the potential for the Philippines to build into a major market opportunity given the large population of Special Needs students and its education programs aligned to the US education system which the Company is operating.”
https://hotcopper.com.au/threads/ann-progress-update.4122868/?post_id=32311096#.Wu7DGu-FNhE30-Apr-2018
“A Joint Venture company, KNeoWorld Philippines Inc, was incorporated in the quarter and the new Board chaired by Ms. Isabelita Perez, also Chair of the Vizcaya Bank, has been established. Six initial Special Needs schools of combined 600 students have confirmed successful trials and product approval applications have been made to the regional Department of Education in Vizcaya.
https://hotcopper.com.au/threads/an...dix-4c.4161034/?post_id=32762599#.Wu7EVe-FNhE
(20min delay)