Letter From the President of Dovarri
26 Febbraio 2008 - 1:00PM
Marketwired
HOUSTON, TX
Dear Shareholders,
I have a lot of exciting news about your investment in Dovarri
(PINKSHEETS: DVAR)! The past year has seen amazing progress towards
our goal of completing and bringing to market the newest version of
our software, Dovarri 7.0 Orizon. Orizon is developed on the
Microsoft Windows SharePoint Services platform (WSS) and we expect
testing to be completed by the end of February. We have showcased
Orizon to several major companies and they have made the decision
to wait for the program to become available. With the potential of
closing as many as 10,000 seats as soon as Orizon is released, we
could generate over $12 million in annual revenues, right out of
the starting gate!
Excitement in the media is also building. They really like the
Dovarri story. On January 8th I was invited to appear on the
nationally-syndicated radio show of Jim Blasingame
(www.smallbusinessadvocate.com) I am regular on his show now and
considered a member of his "Brain Trust." The Houston Business
Journal (HBJ) interviewed me for an article published February 1st
(www.bizjournals.com/houston), which was followed by an hour long
appearance on The Business Guide's CEO Show on cable. I've also
been invited several times to speak on CNN Radio, most recently on
February 11th (www.stevenkaylive.com).
A Forbes article on January 18th says our industry, providing
software as a service, SaaS, is recession-proof, pointing out that
our industry thrived during the "dot com" bust ("A Recession-Proof
Corner of the Tech Industry" by Sramana Mitra; www.forbes.com).
Mitra observes that during recessionary times, businesses usually
avoid large capital expenditure, except in services that manage
vital functions such as payroll, travel, communications and sales.
Software purchases now focus on managing and analyzing specific
business processes on a cost per-user basis and is provided over
the Internet. They no longer accept the one-size-fits-all, but
expect the capabilities to customize their solutions. Dovarri is
specifically engineered to help control costs and drive an increase
in profits; Orizon is the only CRM product specifically designed to
be intuitive and easy to use and customize. Dovarri is at the
forefront of this major shift in the way companies buy and use
software.
We are in the final discussions to sign contracts with two major
international resellers who will drive us into the European and
Asian markets. Announcements will be made as soon as these deals
are finalized. Negotiations are almost complete with several U.S.
based resellers, names that you will recognize. With these
resellers, we expect to see significant sales as soon as we release
Orizon.
This is the right industry to be in, and the right time. When
our competitors have gone public, they have been consistently
well-received. The stock market currently values SalesForce.com,
our most direct competition, with a recent Price to Earnings Ratio
of 590. With over 25 million small to medium-sized businesses in
the U.S., our market is enormous and largely untapped.
Look forward to more exciting announcements. There are several
big things in the works and some state-of-the-art developments in
Orizon to show the world.
Sincerely,
Geary Broadnax
President and CEO
Contact: Larry Baty 713-273-6880
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