WBSI - "WEBSAFETY" IS FIRST TO MARKET WITH ONLY PATENTED SOLUTION TO STOP TEXTING WHILE DRIVING
Seeking Alpha --
December 24, 2019 5:51 PM EST -- About: WebSafety, Inc.
(WBSI), Includes: FB
- Automobile Crashes Caused by Texting Distractions Cost
Americans $129 Billion a Year and
the Problem is Global and Worsening.
- With No Known Solution to Reduce Big Losses, Major Auto
Insurers Are Advertising Heavily to
Promote Voluntary Awareness to Stop Texting While Driving.
Liability Could Motivate Employers To Take Steps To
Address Growing Problem of Texting While Driving
- Expecting Strong Demand, WebSafety (OTCPK:WBSI) Will Be First To
Market and Is Launching “DriveSafety” in Q1 2020, the ONLY App that
Disables and Prevents Texting While Driving.
- First Mover Has
Advantage to Establish Sufficient Market Share and To Maintain
Majority of Market of 250 Million U.S. Drivers. There are
approximately 1.2 billion drivers in the world.
- Each 1% of the U.S. Market Captured at a Monthly Subscription
Rate of $3 Equals $90 Million In Recurring Annual Revenues.
- Exceptionally Low Trading Volume, Low Market Cap, Low Float,
and Low Debt Indicates WBSI Undiscovered and Undervalued - Points
to Strong Upside Potential for Near Term and Long Term.
The $129 Billion Problem
car crash deaths and quality-of-life costs of $129 billion or
15% of the overall societal damage caused by motor vehicle crashes.
It is assumed that accidents, injuries, and property damage are
SEVERELY UNDER REPORTED due to drivers not admitting to texting
For half a decade, parents, government agencies, insurance
carriers, safety associations have been working to find solutions
to stop distracted driving, but the continuing and growing number
of accidents tells us that the problem is only worsening.
According to Statista in 2017 there were approximately
271million vehicles registered and 252 million drivers in the
The numbers from the largest group highlighted in our studies,
targets the age group of 16 to 25, which accounts for approximately
49% of all texting while driving accidents. The moment a driver
decides to engage in texting while driving, this distraction
increases the driving risk by a factor of 23Xs. Large insurance
companies like AAA have publicly labeled texting while driving as a
“Growing behavioral problem.”
The texting while driving market is a worldwide problem. There
are approximately 1.2 billion drivers in the world, driving in
excess of 1 billion vehicles.
Forces are Rapidly Converging to Ban All Texting In
- Laws are getting tougher and more punitive for
- Many parents are motivated to take steps to protect their
children who are the largest age group of 16 to 25 that account for
49% of all texting accidents
- Employers can be liable for their employee’s car accidents
while texting and a growing trend to restrict cell phones in cars
is a new wave coming.
- Increasing numbers of wives and husbands want each other to be
safe from the risk of texting and driving.
- In an attempt to reduce claims, insurance carriers are likely
to offer discounts to DriveSafety subscribers.
The “DriveSafety” App Is the Solution
WebSafety, Inc. (WBSI:
OTC) patented the technology in the DriveSafety app, scheduled for launch in
Q2 2020. DriveSafety puts life protecting safety in the hands of
parents, employers, possibly even governmental entities to disable
texting while driving. This is the primary-level-solution wherein
the driver’s ability to text is disabled. The driver is not able to
voluntarily re-set their own cell-phone-settings which removes the
element of distraction activity. Unlike other competitors that have
aimed to ameliorate the distracted driving practice through
voluntary turn-off in phone “Settings” that may be cancelled at any
time, the WebSafety / DriveSafetypatents offer a complete
effective, appropriate, and highly relevant solution to a growing
social and environmental highway safety concern.
DriveSafety will initially launch as a “freemium” app providing
the ability to automatically lock your mobile device while driving.
A subscription will unlock premium features.
If “DriveSafety” App Reaches 1% of the Total Addressable
With the ONLY solution that is patented and with effective
marketing, WebSafety has the potential to reach several percent of
the 252 million U.S. drivers market. If only 1% subscribes to this
life-saving app at a low price of $3 per month per user, that could
result in high-margin revenues close to $7.5 million per month, or
$90 million per year which would likely translate to a market cap
and share price that is magnitudes higher than the current
WebSafety COO, Bob Carroll, has scaled two companies to over $2
billion and over $3 billion in online sales.He was previously the
CIO for Apollo Group increasing online sales from $400 million to
approximately $2.3 billion. Bob then became the CTO for Education
Management Corp. and oversaw their online growth increase from $1.3
billion to approximately $3.1 billion.
Saul Leal, the Chief Growth Officer for WebSafety was the GM of
FamilyShare and was their chief architect of social media growth on
Facebook (FB). Saul grew FamilyShare’s
social media presence from nothing to approximately 275 million
followers. FamilyShare became the biggest marketing organization on
WebSafety Financial Statements listed in OTCMARKETS.COM demonstrate exactly what anyone
would expect from a young company that is about to kick off with
its star player. The one exception that stands out favorably,
however, is the debt. In its most recent balance sheet, WebSafety
lists a total of $3.6 million in liabilities/debt and 78% that is
friendly debt provided by the founder and CEO, Rowland Day.
Friendly or not, the debt is surprisingly small for a company with
this positioning, leverage, and potential.
With only 11.5 million shares of common stock outstanding, and
the potential to capture a significant portion of this very large
and untapped “Texting While Driving” market beginning in just a few
weeks, WebSafety is uniquely leveraged to enjoy upward revaluations
of several magnitudes. We will leave price prognostications to
others, but we feel that shares are highly undiscovered and
WebSafety has prepared for the launch of DriveSafety in the next
few weeks and as awareness of this opportunity begins to increase,
we expect to see the share price move up steadily and
For more information see WebSafety.com and DriveSafetyApp.com.
Except for the historical information presented herein, matters
discussed in this release contain forward-looking statements that
are subject to certain risks and uncertainties that could cause
actual results to differ materially from any future results,
performance or achievements expressed or implied by such
statements. The Information contains forward-looking statements,
i.e. statements or discussions that constitute predictions,
expectations, beliefs, plans, estimates, or projections as
indicated by such words as ''expects,'' ''will,'' ''anticipates,''
and ''estimates''; therefore, you should proceed with extreme
caution in relying upon such statements and conduct a full
investigation of the Information and the Profiled Issuer as well as
any such forward-looking statements.
Disclosure: I/we have no positions in any
stocks mentioned, and no plans to initiate any positions within the
next 72 hours.
Historical Stock Chart
From Sep 2020 to Oct 2020
Historical Stock Chart
From Oct 2019 to Oct 2020