More DD on MGCN, including deals with Sympatico ISP and with Southwest Airlines.
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The following news will be included in MegaChain news releases in the next few weeks:
MGCN's marketing campaign for members will be starting around September first. This campaign will operate primarily through "superagents." MegaChain is signing up ISP's (and other organizations that maintain large email lists of clients) to act as corporate agents, or "superagents." These superagents will send out promotional material to all of their subscribers, inviting them to sign onto the megachain program.
Within the next few weeks, MGCN will issue a boffo news release listing the first set of superagents.
One example of a large ISP that is signing up as a superagent is Sympatico (http://www.sympatico.ca/), a Canadian ISP that has a client base of over a 1/2 million subscribers. The plan is for them to begin marketing the MegaChain program in Alberta and British Columbia, then expand to their entire subscriber base.
MegaChain is also lining up some major companies as venders. One vender that is very close to inking a deal is Southwest Airlines (LUV)(http://www.southwest.com/). They would use Mega's email program to offer discounts on airline flights.
MegaChain is also lining up a second round of financing, to cover the costs of rapid expansion. At their current burn rate, without any revenues, cash on hand would last about 8 more months. MegaChain will start generating revenues in October, so the second round of financing will be short term money, to cover the 3 to 6 months needed to ramp up to the point that revenues exceed costs.
Within a year, expect MegaChain's earnings per share to be more than its current price per share. People inside the company are talking about a tenfold increase in share price within twelve months. |
