Business Services Industry
USTelematics Announces Release of Guidance Podcast
Business Wire, June 2, 2008
During Interview CEO Discusses Expanded Profit Opportunities under New E-Service Revenue Model Following Licensing of Voyager Mobile IPTV Hardware Product
CHICAGO -- USTelematics, Inc. (OTC:UTLM), creating proprietary technology and market-disruptive products at the forefront of the connected-car revolution, today announced the online availability of a guidance information podcast from SmallcapInsight.com, a fee-based investor information resource, providing additional discussion of the Company's recent announcement of intent to license its Voyager Mobile IPTV infotainment system for passenger vehicles.
In the podcast, Howard Leventhal, President and Chief Executive Officer of USTelematics, provides more extensive details of the Company's new and enhanced revenue model.
Mr. Leventhal said in the podcast: "The long story sounds complicated but the short version is easy, and it's just like the cell phone or cable TV businesses. These companies internally generate a fund called a "residual" from collection of monthly fees, and this fund pays for the physical piece of hardware you get. We also have always seen an equal or greater income opportunity (greater than the profit on hardware) by earning sales commissions paid to us by Verizon, and Dish Network, when we bring them subscribers for their services, out of that "residual" fund... In fact, per user, the profit amount is much greater on residual commissions paid to us by Verizon and Dish than it is or ever could be on selling each Voyager hardware unit."
He added, "Under circumstances where we connect users up to both Verizon and Dish, we can make up to $600 or more per user, without ever having to invest our own money in building, inventorying and marketing the hardware. It's a far less risky business to let an established automotive electronics maker take over responsibility for building and distributing our revolutionary hardware, and to focus only on connecting Voyager users to connectivity and programming services. There is much more money in it for us, there is far less risk, and we have designed permanent technological hooks into each hardware unit that keep USTelematics connected to each and every user, permanently - enabling opportunity for adding more and more newer and newer services as time goes by, and profiting from them for a long time into the future."
In the interview Mr. Leventhal also discussed potential scenarios comparing UTLM's price-to-sales ratio with other public technology companies, and articulated a mathematical model to calculate conceivable future trading prices.
To listen to the entire podcast and to subscribe to SmallcapInsights, please visit http://www.trilogy-capital.com/podcast.html.
About USTelematics
USTelematics, Inc. ("USTelematics" or the "Company") is engaged in the development and commercialization of next-generation, proprietary technologies to revolutionize the "wired car," delivering high speed data and entertainment content to private and commercial vehicles. The Company is addressing high-growth opportunities in the projected $54 billion global telematics marketplace with proprietary technologies that enable a full range of voice-driven handheld and automotive mobile communications, full internet connectivity and rich infotainment options. With products that provide a full range of next-generation rear seat infotainment, USTelematics is offering an advance over the old DVD-only systems that still represent the current standard in the rear seat entertainment industry.
To learn more, please visit http://www.USTelematics.com.
For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/utlm.
To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/utlm/quote.html.
Forward-Looking Statements
The information herein contains forward-looking statements. All statements other than statements of historical fact made in report are forward-looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. These forward-looking statements can be identified by the use of words such as "believes," "estimates," "could," "possibly," "probably," anticipates," "projects," "expects," "may," "will," or "should" or other variations or similar words. No assurances can be given that the future results anticipated by the forward-looking statements will be achieved. Forward-looking statements reflect management's current expectations and are inherently uncertain. Our actual results may differ significantly from management's expectations.
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