finally some info from custodial/freshtel

A nice frank account of the current situation I think.

Seems from the presentation that they were putting it all out there and possibly seeking guidence from those present.


2009 the year in brief Key areas 2009

Actual Revenue $3.2M
Lower than budgeted revenue streams
(particularly from existing customers)

High overheads 8.7M
High cash burns 7.9M


The company’s future

Unless we can generate significant increases in revenue and get company cash flow break even, we are in a perilous situation

We cannot be beholden to white labels; we need a
differentiated premium wholesale channel with
multiplication effect. PBX and related applications
must generate $$ in termination revenue

We have addressed a couple of M&A alternatives
but merging with entities creating additional losses
does not help

And of course:

We are now looking to appoint a CEO with a sales / marketing focus to drive wholesale revenue.

Maybe I should send in my resume?