Tautachrome Inc (OTCMKTS:TTCM) shares rose 2.65% to $0.0271 on Wednesday and were unchanged in after-hours trading. The company has a market cap of $85.87 million at 3 billion shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.03.
In a press release this week, Tautachrome Inc shared that it is making progress with the Fortune 50 company that expressed interest in its KlickZie platform earlier this year.
“Early this year the company announced that it had been working to develop a KlickZie technology relationship with a Fortune 50 company (code name F50-1). In response to requests from F50-1, we have progressed in this work and have developed a cohesive and dynamic business model for F50-1 that exploits KlickZie technology in ways that impact the bottom line of the Fortune 50 company and their public image in powerful ways,” said Dr. Jon Leonard, CEO of Tautachrome Inc. “We will present the KlickZie business model to key decision makers in upcoming meetings.”
He went on to reiterate that the economic payoff of KlickZie is very high for companies with a global reach and with a large numbers of consumer customers. They have also learned that the business model they developed for this F50-1 company would work well with other firms.
In the same press release, Dr. Leonard mentioned that they have been approached by a venture company and an investment banking company with a roposal to make bank funded acquisitions of highly profitable private tech companions in the $20-30 million revenue range. This should help accelerate the uplisting of Tautachrome Inc on the Nasdaq, adding that it would benefit all parties involved.
“Done properly, this could be good for all parties: The revenues pay the banks, the deals pay the investment bank, and NASDAQ pays everybody else,” Dr. Leonard said.
“Up-listing to the NASDAQ quickly will be yet another key milestone for Tautachrome. An acquisitions strategy could put KlickZie in a position to fund its own technology rollout and diversification in house, without recourse to additional large investors,” said Eric McRae, Tautachrome Inc Business Operations Manager.
Tautachrome Inc is formerly known as Roadships Holdings Inc. It operates in the Internet applications space and is engaged in pursuing three avenues of business activity: KlickZie technology-based business development and monetization; Smartphone application development and digital design, and acquisition of revenue-generating smartphone applications.
Its KlickZie Activation Platform will enable consumers to download KlickZie’s free camera upgrade software into their mobile device, which thereafter activates the pictures and videos taken by their device using KlickZie technology. The company’s Smartphone application development and digital design business activity will be conducted by Polybia Studios, Pty Ltd. The company’s Appquisitions Division is created as a vehicle to acquire revenue-generating smartphone applications. Its PhotoSweep is an application that lets users select photos from their smartphone photo albums, and have them printed and sent to addresses of their choosing.