An article by suggests "deployments of blockchain should bump up sales growth in cloud services, databases and servers by 35 percent, according to Susan Eustis, chief executive officer of WinterGreen Research. Within five years, blockchain technology will push more than 55 percent of large companies with more than 1,000 employees to use the cloud instead of their own data centers, up from 17 percent today." Finally, blockchain technology sector growth is formidable. Last year according to Statistic.com, the sector was worth $339.5 million and going into 2018 projecting an increase of 164% for a $548.2 million sector valuation.
A unique Vancouver, B.C. based technology company called Subscribe Technologies Inc. (CSE:SAAS) (OTC: SRBBF), (Frankfurt: 6GQ) is building a proprietary blockchain based, cloud SaaS platform which offers investors an opportunity for blockchain technology exposure in their portfolio with a lean and highly scalable business model.
Check out the Jan. 23/18 news release which headlines "SUBSCRIBE TECHNOLOGIES DEVELOPING PROPRIETARY NEW CLOUD BASED SOFTWARE AS A SERVICE (SaaS) PLATFORM FOR SMALL AND MEDIUM SIZED ENTERPRISES, POWERED BY (BLOCKCHAIN) DISTRIBUTED LEDGER TECHNOLOGY".
Subscribe Technologies Inc. already has a full suite of applications within its portfolio developed and deployed with over 350 plus existing users and growing. The company is well positioned to provide SME's a turnkey software solution for businesses through the following applications, with others in development:
- Bcontact, a customer relationship management and accounting solution which is akin to Quickbooks/Salesforce.
- FileQ, a file storage and sharing solution, like a Dropbox.
- Sitesafe, a suite of protection tools for your company and website.
These tools offer SME's accounting, file storage and general business management solutions through the cloud. The company boasts easy integration of bank accounts, websites and any other plugins relevant to the needs of the user. The company has also suggested it will be integrating blockchain into these initial apps as well as those to be released in due time.
In Canada alone "there are almost 1.1 million SMEs in Canada." according to BDC report (business development bank of Canada). According to a report by the U.S. Small Business Administration office of Advocacy there were 28.8 million SME's in 2015. These figures demonstrate a large market opportunity for the company which is still at the beginning of its journey and development.
Subscribe Technologies is led by CEO and President Paul Dickson, who has been an entrepreneur and software developer spanning 20 years. Mr. Dickson has made a career of identifying opportunities within the software sector, both in startup stage development and acquisition. Mr. Dickson runs the day to day operations of Subscribe Technologies Inc.
Harvey D. Dick, Director, has more than 20 years of experience as a director of public companies. Mr. Dick was the President of Jet Gold Corp., a mineral exploration company, from December 1995 to May 2003 and a director of Jet Gold Corp. from August 1995 to February 2006. He has been a director of Regal Resources Inc. from January 2006 until February 2013 as well as President from January 2006 until January 2010 and CEO from January 2006 to January 2010. Mr. Dick received a B.A. Degree in Economics from the University of British Columbia.
The companies advisory board is led by Chad McMillan (www.chadmc.com) who is an experienced veteran of the public markets, serving the company in a senior strategic advisory role. Some of his roles include but are not limited to offering assistance in accessing capital and identifying new opportunities for the company as it grows. One of Mr. McMillan's most recent accomplishments was as an early investor, advisor and founder of the publicly traded augmented reality/movie startup Imagination Park Entertainment Inc. (CSE:IP) which has evolved into a successful world class movie/AR studio.
In the most recent company news release this past week it was announced the addition of several new members to the advisory board, several of which give the company exposure to the Southern California technology community.
Mr. Timothy Lewis
Southern California based Mr. Lewis brings 20 years of corporate infrastructure/security/application design and development experience to Subscribe. His core competencies include blockchain/trust-layer/security application development, data center, network, system, security, communications design, development, and deployment. He was previously engaged with system design, trade/data expedition and security for several banks/networks including Northern Trust for communication/security design and migration, and at NewEdge Group during pre-and post-merger efforts for design, security and communication networks. This project encompassed a global multi-asset brokerage formed in 2008 from the merger of Fimat and Calyon Financial, the brokerage arms of French financial companies Société Générale and Credit Agricole, respectively. He also worked with SpiderRock on systems and communication design consulting and automated strategy management platforms. For his part, Mr. Lewis has also long been active in the cryptocurrency community, commencing his own Bitcoin mining operations in 2010. As such he has also earned a deep understanding and expertise in mixed-use mining operations and in driving change towards the next generation of staked mining protocols. Mr. Lewis received his education in Computer Information Science at Ohio State University.
Mr. Taylor MacDonald
Mr. MacDonald is a 15 year veteran of the finance industry, and has worked in Vancouver, London, and New York on both the buy side (fund management) and sell side (equity capital markets). He is presently the founder and President of Caerus Capital Management, a Vancouver-based investment company and merchant bank focused primarily on two things – resources and innovation. Mr. MacDonald is also graduate of the Wharton School of Business at the University of Pennsylvania, a CFA Charterholder, a member of the Silicon Valley Blockchain Society, and a Director of STAND, a scholarship foundation for youth at risk.
Mr. Ryan Bozajian
Ryan “Boz” Bozajian began his career in entertainment, lending his talents and technical skills to feature films at companies such as American Zoetrope, Lucasfilm / Industrial Light & Magic, Sony Pictures Imageworks, Radium, Pixomondo, Mirada, and Crafty Apes. As a visual effects artist, lead tool developer, pipeline architect, and supervisor, Ryan had the privilege of working directly with such film industry legends as Francis Ford Coppola, Walter Murch, Dennis Muren, Guillermo Del Toro and many others. Over the years Ryan also founded multiple media production companies and led teams on set and in post on commercials and online content as a flame operator, visual effects supervisor, creative director and producer. He brings his many years of blending creative, technical and business roles into the realm of technology with a keen eye for top talent, disruptive methodologies, and most of all, a potent vision of the emerging technology landscape. Ryan is presently the Director of Emerging Technology for Caerus Capital Management, and founding member of the Silicon Valley Blockchain Society.
The companies management experience on both technical and market levels is extensive. The company has also stated they intend to continue adding depth, talent and experience to the team.
Financially the company is cashed up and debt free. On Jan 9/18 the company closed a financing for $500,000 with the issuance of 10 million shares at $.05 and 10 million warrants, and recently closed another financing reserved exclusively for the recently added advisors totalling $150,000 with the issuance of 1 million shares and 1 million warrants exercisable at $.25. Subscribe Technology is very well positioned for success as it begins to execute on its business plan. Subscribe Technologies Inc. has low partially diluted float of 37,877,670 shares. Management ownership of the share structure is estimated to be around the 30% mark.
From a technical standpoint I'd suggest the stock appears to be in a consolidation phase and could be poised for another leg up. The chart shows a previous breakout from $.08, constructing a flagpole of $.17. Chart suggests a flag is forming in a consolidation phase and if the stock can breakout past $.22 we could see a new price target of around $.37 after the next leg up. At the close of Tuesday's trading session market cap was $6.68 million.