presentation viditure vc

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VIDITURE Introducing Viditure

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Post on 27-May-2015

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Introducing Viditure

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What is Vidituring?“Vidituring” is a legally acceptable way of agreeing to the terms and

conditions of a document over video.

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Why Viditure? Expedites business transactions

• Converts paper agreements into E-agreements• Accelerates global transactions

Reduces fraud• 3 methods of identification

Easy to use and portable• mobile device or computer. IOS, Android, all browser using WEBRTC/flash .

Legally acceptable due to E-signature act passed in 2000• Similar laws passed in Europe, Japan, and other countries

Patent pending= 14168371 video signature system and methods!

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Why Now? Electronic transactions are commonplace The world is increasingly mobile. • 2014: 87 % of enterprise software is on mobile applications

Cameras are common on every computing and mobile devise

Signature fraud is on the rise. • The need to significantly improve identity verification is now!• Vidituring is much easier and secure on-the-go than digitally

or conventionally signing documents.

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1. Traceability of unique code attached to every document:• Video > signee > client

2. Identifying video of signer for every document.

3. Putting face behind signature

4. Traditional screening password

5. Additional Levels of Security• Image processing

• Photo id if required

4+ Levels of Security

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Differentiation Traceability of unique code to

Video to signee to client with every document

Identifying video of signer for every document.

Unique code for each document

Password Protect Same for all documents

BasicPassword

Unique Code

Video Identity

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Competitive Advantage Patents Pending: 14168371 video signature system and

methods Trademarks: Secured on July 12 /2014 “Viditure,”

“Vidituring” Experienced team with over 70 years collective experience at

Apple, Google, Ethical ball, National Semiconductor, Sipex, Analogictech, Union Bank, Sonny, Ariba , Cisco, model N

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Large Market Opportunity

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Fraud Stats

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Credit Card Fraud Stats

Viditure helps merchants reduce fraud on large scale online transactions.

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GOV benefit fraud TAX

Viditure can help reduce governmental fraud.

TAX online preparation= 940,000 tax returns with $6.5 billion in associated fraudulent tax refunds

Medicare fraud= 17 to 54 billion a year

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Pricing

Subscription Pricing/

Individual $12.99

Business $24.99/ Per user

Enterprise/ verticals Contact sales

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Market Opportunity (som) Credit Card Loss Medicare Fraud Prevention Social Security Fraud Education Contracts & Agreements

Credit Card Loss $100M

Medicare Fraud $250M

Bank $200M

Real Estate $100M

Legal $50M

Corporate $100M

Total: $800M

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Market Penetration Initial Focus is legal Market

• Segmentation: Business, Estate, IP, Divorce and family, Employee rights, Healthcare, Immigration, Money Matters, Real Estate

• Use marketing consultants, legal partners, and advisors to establish contacts with larger firms

Initial entry is individual and small company accounts.• Use model is standard tool using Viditure server support and semi-customization of

User Interface• Initial target contacts are CEO and partners

Medium and large company penetration starts when application interface is completed for customization• Will require support in customer infrastructure and customization of tool.• Target contacts are business development group, partners, and IT

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Sales Plan

Alpha/Beta launch: Individual/single company targets• Initial sales thru internal sales force• Validate and refine launch material • Validate pricing model

Product Launch: Sales force deployment• Part time sales focused on expanding Individual/single company accounts. • Full Time experienced sales focused on corporate accounts.• Start development of web enabled e-sales for individual/single company

accounts.

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Team and Investment to Date Kebron Dejene: CEO/ founder, Ethical Ball, Hotmeda, and Viditure Inc. Edward Lam: VP of BD and Marketing, 30 years experience public and private

companies as a executive, engineer, marketing, and business development Manoj Kumar: Software Development Manager, over 20 years software development

experience Ewa Ding: Product Manager, 10 years experience in product design and UX

ConsultantingAdvisors Lisa Oshima: Founder Socialize Mobilize. 15 years experience in mobile and social

media industry. Brad Rotter: Venture Investor in Companies That Impact The Security of the

Homeland. Mark Reinstra: Partner at Wilson Sonsini Goodrich and Rosati Investor Niki Gastinel: Global Business Intelligence at Apple,Inc.

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Fundraising Targeting $2M in funding Enables:• Completion of the product/ full time employees • Enables Sales/Marketing • Drive sales to profitability• Engagement with individual to large vertical potential • Finalized our patent globally

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Critical Path

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Projected P&L2015 2016 2017 2018 Total

Revenue $ 171.5

$ 2,100.7

$ 4,115.4

$ 5,757.2

$ 12,144.8

Operations $ 12.0

$ 48.0

$ 102.0

$ 177.0

$ 339.0

Margin $ $ 159.5

$ 2,052.7

$ 4,013.4

$ 5,580.2

$ 11,805.8

Margin % 93.0% 97.7% 97.5% 96.9% 97.2%

Development

$ 207.0

$ 380.0

$ 720.0

$ 720.0

$ 2,010.0

Sales $ 188.1

$ 417.1

$ 515.6

$ 841.8

$ 1,962.6

Admin $ 173.4

$ 499.6

$ 1,244.8

$ 1,250.8

$ 3,168.6

Expense $ 568.5

$ 1,296.7

$ 2,812.6

$ 2,812.6

$ 7,158.2

PBT $ ($408.9) $ 756.0

$ 1,533.0

$ 2,767.6

$ 4,647.6

PBT % (238.4%)

36.0% 37.3% 48.1% 38.3%

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Thank you Team Viditure

Contact Founder and CEO

Kebron Dejene 816 824 0631

[email protected]

Lets start vidituring