Tautachrome Inc (OTCMKTS:TTCM) shares rose 2.65% on Wednesday to $0.0271 and were flat in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.03. The company has a market cap of $85.87 million at 3.00 billion shares outstanding.
Formerly known as Roadships Holdings Inc, Tautachrome Inc is a company that operates in the Internet applications space. The company is engaged in pursuing three avenues of business activity: KlickZie technology-based business development and monetization; Smartphone application development and digital design, and acquisition of revenue-generating smartphone applications.
Its KlickZie Activation Platform will enable consumers to download KlickZie’s free camera upgrade software into their mobile device, which thereafter activates the pictures and videos taken by their device using KlickZie technology. The company’s Smartphone application development and digital design business activity will be conducted by Polybia Studios, Pty Ltd. The company’s Appquisitions Division is created as a vehicle to acquire revenue-generating smartphone applications. Its PhotoSweep is an application that lets users select photos from their smartphone photo albums, and have them printed and sent to addresses of their choosing.
In a press release, Tautachrome Inc shared that it is in the second round of discussions with a Fortune 50 company regarding the company wide implementation of its KlickZie technology. Management already hinted about this earlier this year and CEO Dr. Jon Leonard added that they have progressed in this work and have developed a cohesive and dynamic business model for the Fortune 50 companyin ways that impact their bottom line and public image. He noted that they will present the KlickZie business model to key decision makers in upcoming meetings.
It is clear to us that the economic payoff of KlickZie is very high for companies with a global reach and with a large numbers of consumer customers, and is particularly so when the product interactions with their customers is intense. We have also learned that the business model we have developed for F50-1 works well for other major firms. We intend to move our business model to these other companies as soon as possible,” Dr. Leonard said.
In the same press release, Dr. Leonard mentioned that owing to the significant value that KlickZie technology can bring to classes of high tech companies of all types, the company has been approached by a venture company and a well-regarded investment banking company with a proposal to make bank-funded acquisitions of highly-profitable private tech companions in the $20-30 million dollar revenue range to accelerate the uplisting of Tautachrome Inc in the Nasdaq.
Up-listing to the NASDAQ quickly will be yet another key milestone for Tautachrome. An acquisitions strategy could put KlickZie in a position to fund its own technology rollout and diversification in house, without recourse to additional large investors,” added Tautachrome Inc Business Operations Manager Eric McRae.
Dr. Leonard also noted that, done properly, a deal with an investment bank and a venture company could work for all parties as the revenues pay the banks, the deals pay the investment bank, and Nasdaq pays everyone else.
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