SYT - OUT OF TRADING HALT TODAY Syntonic Inc comes out of...

SYT - OUT OF TRADING HALT TODAY

Syntonic Inc comes out of trading halt today, having been put in a halt on Tuesday 5th pending the release of a "material licensing agreement". This could be in relation to its planned Chinese expansion, adding an estimated 600Million+ addressable customers to its audience, Central Europe expansion, or expansion into its other planned regions in Sub Saharan Africa, Central Europe and Southeast Asia.

Another possibility is in relation to its Dataflex product with revenue potentials for small companies (<5000 employees) of $36,000 per annum and large companies (>5000 employees) $576,000. Syntonic's reseller Aktay AS in Turkey has targets to sign on 20 companies by September 2018 to achieve a cash bonus with minimum revenues of $5Million over the next 3 years.


Background:

Currently generates revenues approximately $400-$600,000 per quarter with outgoing expenses of between $1.3-1.6Million per quarter. TATA Sponsored Data Exchange is ready for global commercial release generating Syntonic approximately 24% of all NET revenue generated on the service. Continued use and expansion of their SDK technology with Verizon wireless in the US to continue.

Share Price: 1.3c