10QSB
"May 14, 2001
QUESTEC COM INC (QSTI.OB)
Quarterly Report (SEC form 10QSB)
Item 2. Management's Discussion and Analysis or Plan of Operation.
The Company has made significant progress in the installation and operation process of the Company's patented "SuperVision" pitch tracking system (PitchTrax on FOX Sports Net, FOX Family and FOX FX) into Major League ballparks. During the first month of the 2001 season, PitchTrax was installed and operated for the first time in Camden Yards (Baltimore Orioles), Comerica Park (Detroit Tigers), Enron Field (Houston Astros), Miller Park (Milwaukee Brewers), and PNC Park (Pittsburgh Pirates). In addition to expanding the Company's onsite presence at these Major League ballparks. QuesTec is also working to establish its internet baseball content as a unique real-time feature for live game coverage. Complementary baseball products such as HitTrax and Player Positioning are currently being marketed and will only be deployed when contracted.
The Company recently announced a five (5) year Agreement with Major League Baseball ("MLB") to develop, install and operate the new "Umpire Information System" (UIS). This new system is an enhanced version of the Company's core technology which was used to create a state-of-the-art pitch measurement and reporting system in support of MLB's previously announced strike zone initiatives. The Company is finalizing beta testing of its new UIS and plans to roll out six (6) systems by this years All Star Break. As part of this Agreement, the Company has also been contracted to install, operate, and maintain the new "Umpire Information System" for the term of the contract. This new system includes several key modifications to the Company's commercial PitchTrax product currently licensed exclusively to the FOX Channels Group as "in-game enhancement" during live television broadcasts of Major League Baseball games. The UIS is a separate and distinct system than PitchTrax, and requires the installation of new cabling infrastructure, more advanced and sophisticated cameras, as well as separate and distinct data capture, quantification and reporting applications. While the UIS and PitchTrax may operate in the same venue, they are by no means the same system.
During this quarter, the Company and its new Board of Directors established new, clear business strategies and principles relating to business development, operating efficiency, managerial tasks, product pricing, debt reduction and investor relations. The Board has begun implementing its pure business approach to running the Company by reshaping its corporate structure, amending the Company's name to better identify the Company and its products, and increasing revenues. While the Board considered a private placement during this past quarter, they opted to suspend that activity for the time being. The
Company's increasing revenue base and improving cash flow have given the Company the ability to allow market conditions to improve before considering another private offering.
The Company has placed a concentrated effort on promoting its technology as it relates to baseball. The Company's work with FOX and MLB has been the primary focus during the past five months and will continue to be for the balance of this fiscal year end June 30, 2001. Marketing of other sports related technologies such as TennisProView and GolfProView will resume in late summer or early fall. The shake out of the dot coms and the delays with the deployment of interactive television have had an impact on the Company's ability to expand its operations in these fields. While management believes that the current market conditions in these sectors will improve, they have decided to concentrate the Company's efforts on existing products, clients and markets. "
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