Hi All,
There are lot of news coming since mid-Feb - there was an interview with finnewsnetwork talking about Beijing Gov is going to sign a contract with them.
In addition, i have emailed the team to ask for clarification in their half yearly report, the respond as follow:
Thank you for your email and your genuine interest in the company.
The revenue reported at $651,000 for the HY reflects the revenue the company has earned across the multiple sale streams for delivering the company’s product and any associated on premise services.
The revenue is split in the accounts into the two categories as the collection of revenue out of China via the WFOE involves two different billing methodologies.
The China JV has begun signing large scale clients and have a business model of charging upfront payments for the scoping and installation of the VSN Lite and VSN Platform.
The Infrastructure/ will have a long life ( 25 years) where monthly payments for use of licenses will generate a valuable income stream for the company.
The official launch of the JV and its products has not yet commenced. The announced agreements/contracts are as a result of companies who have been in the IoT Lab testing the product.
Jast VIN is an agent of Netlinkz and they are free to use any promotional strategy that they believe is appropriate.
The company will update the market on progress with Blue Tech when material contracts are signed. As a US Government reseller all contracts have a longer than normal lead time.
I have no knowledge of S3 or its services.
As an ASX listed company the Netlinkz will continue to meet its ongoing disclosure obligations.
Kind regards
Ian
Ian Hamilton
General Manager
Netlinkz Limited
There are lot of news coming since mid-Feb - there was an interview with finnewsnetwork talking about Beijing Gov is going to sign a contract with them.
In addition, i have emailed the team to ask for clarification in their half yearly report, the respond as follow:
Thank you for your email and your genuine interest in the company.
The revenue reported at $651,000 for the HY reflects the revenue the company has earned across the multiple sale streams for delivering the company’s product and any associated on premise services.
The revenue is split in the accounts into the two categories as the collection of revenue out of China via the WFOE involves two different billing methodologies.
The China JV has begun signing large scale clients and have a business model of charging upfront payments for the scoping and installation of the VSN Lite and VSN Platform.
The Infrastructure/ will have a long life ( 25 years) where monthly payments for use of licenses will generate a valuable income stream for the company.
The official launch of the JV and its products has not yet commenced. The announced agreements/contracts are as a result of companies who have been in the IoT Lab testing the product.
Jast VIN is an agent of Netlinkz and they are free to use any promotional strategy that they believe is appropriate.
The company will update the market on progress with Blue Tech when material contracts are signed. As a US Government reseller all contracts have a longer than normal lead time.
I have no knowledge of S3 or its services.
As an ASX listed company the Netlinkz will continue to meet its ongoing disclosure obligations.
Kind regards
Ian
Ian Hamilton
General Manager
Netlinkz Limited
