WBSI SETS SIGHTS ON $250 MILLION ANNUAL REVENUE OPPORTUNITY WITH MOBILE APP LAUNCHING NEXT MONTH
January 29 2020 - 1:08PM
InvestorsHub NewsWire
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.
Stocks making news today worth looking at include Sugarmade, Inc.
(SGMD),
Alternet Systems (ALYI),
and Puration, Inc. (PURA).
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