ORO VALLEY, Ariz., Feb. 15, 2017 (GLOBE NEWSWIRE) -- Tautachrome, Inc. (OTCQB:TTCM) today announced that it is in the second round of discussions with a Fortune 50 company regarding the company wide implementation of KlickZie technology.
“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. "We will present the KlickZie business model to key decision makers in upcoming meetings."
"It is clear to us that the economic payoff of KlickZie is very high for companies with a global reach and with a large numbers of consumer customers, and is particularly so when the product interactions with their customers is intense. We have also learned that the business model we have developed for F50-1 works well for other major firms. We intend to move our business model to these other companies as soon as possible," Dr. Leonard said.
"With this news release we are also informing our investors that owing to the significant value that KlickZie technology can bring to classes of high tech companies of all types, we have been approached by a venture company, coupled with a well-regarded investment banking company, with a proposal to make bank funded acquisitions of highly profitable private tech companions in the 20 to 30 million-dollar revenue range, with the goal of greatly accelerating the up-listing of Tautachrome to the NASDAQ. 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.
Eric McRae, Tautachrome Business Operations Manager, stated: “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.”
About Tautachrome, Inc.
Tautachrome, Inc. (OTCQB:TTCM) is an emerging growth company in the developing digital imagery technology sector. Tautachrome has revolutionary smartphone-image authentication allowed patent claims and breakthrough patents pending, including Talk-to-the-Picture social networking and trustable imagery-based interaction.
Forward-Looking Statements: Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this paragraph and the risks and other factors detailed in Tautachrome's reports filed with the Securities and Exchange Commission. Tautachrome undertakes no duty to update these forward-looking statements.