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WBSI Is First to Market With Only Patented Solution to
Stop Texing While Driving
- 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.
- Potential 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
In 2018, it was reported that texting while driving was
responsible for 4,637 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 while driving.
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
U.S.
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
Cars
- Laws are getting tougher and more punitive for
infractions.
- 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 U.S. Market
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
values.
Marketing Experience
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 Facebook.
Financials
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.
Conclusion
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
undervalued.
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
substantially.
For more information see WebSafety.com and DriveSafetyApp.com.
Source: https://seekingalpha.com/instablog/21922151-bioresearch-alert/5389645-wbsi-websafety-is-first-to-market-only-patented-solution-to-stop-texting-while-driving
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