RE: Set of Toss@ers23 Aug 2019 23:25
How is the strategy to generate revenue in the short-term progressing?
Now that the process to resolve the legacy debt issues attached to the previous stem cell business is nearing completion, the team can focus all its energy on building a multi-divisional new media and technology business, as set out in its initial strategy. The Board is confident that it can rapidly grow revenue and build a cash generative business.
As announced 3 June 2019, the Company has agreed in principle and commenced work on a consulting and marketing services engagement with a UK based financial services business. This engagement is on a long-term retainer basis, with initial revenues over the first year expected to exceed £1 million, with the potential for material increases.