New York, NY -- January 29, 2020 -- InvestorsHub NewsWire -- via NextBigTicker.com
WebSafety, Inc. (USOTC: WBSI) published management guidance yesterday that included revenue guidance detailing the potential to reach $250 million in annual revenue in conjunction with the planned release of its DriveSafety Mobile App schedule next month. DriveSafety targets the texting and driving issue. The management guidance published yesterday provides detailed background on the technology and the following revenue guidance:
“The primary revenue opportunity for WBSI is to strategical generate recurring revenue from the 250 million drivers in the U.S. and 1.2 Billion drivers worldwide. The DriveSafety App features described above intuitively provide multiple solution opportunities to creating a safer driving environment free from the distractions of texting and driving in addition to the other safety features. The challenge is to get consumers to engage the DriveSafety App and foot the bill. Drivers are already required to foot the bill for insurance. The DriveSafety App has the potential to substantially reduce the number accident payouts made by insurance companies to insurance policy holders. That savings to insurance companies can be passed on to insurance policy holders through reduced insurance premiums. A small recurring fee for the DriveSafety App service can generate a much, much larger savings for insurance companies and in turn, insurance policy holders. For an example of what that might look like, consider the DriveSafety App being utilized by only 0.1% of U.S. drivers. That approximately equates to 250 thousand drivers. If the fee for use of the DriveSafety App was $5 per month, that would translate into $15 million in annual service fees. A 1% penetration in the U.S. would equate to 2.5 million drivers and $150 million in annual service fees.”
WBSI has under 13 million shares issued and out. WBSI has a $2.00 52 Week High and has reached a $1.76 PPS in the last 10 days. WBSI has only recently begun to trade notable volume. At the current $0.70 PPS, WBSI could reasonably deliver a 100% ROI in the near term.
Learn more about the company at www.websafety.com and www.drivesafetyapp.com.
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