Very interesting release this morning from Intertainment Media announcing a new platform where you will be able to chat in respect of your preferred topic AND without any language barrier.
For the past many months we have seen Ortsbo concentrating on business development and many investors were under the impression that the personal user segment was gone for good.
Well I must admit that I was taken by surprise this morning when INT announce the birth of ''YAPPN'' .
That new platform seem to have all of INT trial test done over the last many months combined into 1 single place.
Those used to do some DD on Ortsbo must remember Fantalk where you were able to have a look at tweets or Facebook messages from other fans around the world and automatically translated into your own language. It was fun BUT it was missing something: you were unable to chat with those people. Based upon the release of today, it would seem that they found a way around that problem and that with the new platform you will be able to chat with all of those fans in your own preferred language.
Interestingly also is the fact that it is kind of a join venture where Ortsbo (INT) will get 60% revenue sharing.
This news release is really good and it is indicating that INT is still developing and testing new products.
How about the release also yesterday of the agreement with one of the major call centers to use Ortsbo Platform for their customer care business. Naturally no value was indicated and I must say that for competition reasons I would tend to agree with INT in that regard and we will see after Q1 release if it did increase revenues and by how much. My guess is that this simple contract will increase revenues by 100% over the year.
So with only 2 news release, INT / Ortsbo have now indicated that they have the intention to dominate the automatic translation world in the general public AND commercial area.
Will it help the share price. Yes it will and I would not be surprised to see a nice POP within a couple of trading days.
As usual do not invest more than you can afford to loose and it is always prudent to take some profit off the table whenever it happen.
For the past many months we have seen Ortsbo concentrating on business development and many investors were under the impression that the personal user segment was gone for good.
Well I must admit that I was taken by surprise this morning when INT announce the birth of ''YAPPN'' .
That new platform seem to have all of INT trial test done over the last many months combined into 1 single place.
Those used to do some DD on Ortsbo must remember Fantalk where you were able to have a look at tweets or Facebook messages from other fans around the world and automatically translated into your own language. It was fun BUT it was missing something: you were unable to chat with those people. Based upon the release of today, it would seem that they found a way around that problem and that with the new platform you will be able to chat with all of those fans in your own preferred language.
Interestingly also is the fact that it is kind of a join venture where Ortsbo (INT) will get 60% revenue sharing.
This news release is really good and it is indicating that INT is still developing and testing new products.
How about the release also yesterday of the agreement with one of the major call centers to use Ortsbo Platform for their customer care business. Naturally no value was indicated and I must say that for competition reasons I would tend to agree with INT in that regard and we will see after Q1 release if it did increase revenues and by how much. My guess is that this simple contract will increase revenues by 100% over the year.
So with only 2 news release, INT / Ortsbo have now indicated that they have the intention to dominate the automatic translation world in the general public AND commercial area.
Will it help the share price. Yes it will and I would not be surprised to see a nice POP within a couple of trading days.
As usual do not invest more than you can afford to loose and it is always prudent to take some profit off the table whenever it happen.
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