DiMi Telematics International, Inc. (OTCQB:
DIMI) (PINKSHEETS: DIMI), an environmentally-centric, cloud-based
M2M (Machine-to-Machine) communications solutions provider, today
issued a formal corporate update providing insight and perspective
on recent corporate developments and on the Company's key goals and
objectives for the coming year.
DiMi 4.0 Technology Development
DiMi Telematics continues to make good progress on the
development of its 4.0 commercial version of the DiMi M2M
communications platform. The Company's independent software
development team, leading this mission critical initiative, remains
on track to completing development in the second quarter of next
year. Upon completion, DiMi 4.0 will be deployed in several beta
test sites to confirm its intended ease of use, functionality and
enhanced M2M capabilities. Presuming that the beta tests meet and
exceed DiMi's anticipated performance parameters, the Company plans
to effect the commercial launch of the solution to prospective U.S.
customers in the third quarter of 2013. Initial marketing efforts
will focus on deployments of DiMi 4.0 in the commercial and
multi-dwelling residential smart building system management
markets, expanding into other key verticals as demand dictates.
According to a research report published by IDC, worldwide,
smart building systems market growth will be driven by building
owners and managers seeking ways to reduce operating costs and
increase the uniqueness of their business assets, thereby embracing
the complementary objectives of energy efficiency and
sustainability. The report, titled Smart Buildings Global Market
Forecast 2010-2015, forecasts a global compound annual growth rate
(CAGR) in spending of 26.6% from 2010-2015, with forecasted sales
reaching $10.2 billion in 2015. Most of the market's forecasted
spending growth will occur in Western Europe (28.8% CAGR) and North
America (28.4% CAGR), with demand projected to continue for at
least the next five years.
As reported in the Company's recently filed 10-Q for the three
and nine month fiscal reporting periods ended May 31, 2012, DiMi
had nearly $900,000 in cash on the balance sheet, which is expected
to support the ongoing development of DiMi 4.0 and the Company's
working capital needs through the end of 2012.
National Brand Awareness Campaign
In anticipation of introducing DiMi 4.0 to market in the middle
of 2013, in July 2012, DiMi launched a national brand-building
campaign designed to increase awareness of the Company's brand and
the role it intends to play in the high growth M2M communications
market. The campaign, titled "Smart Just Got Smarter," is centered
on a 30-second animated video, which has since aired over 1000
times on several national cable television networks, which include
CNN, CNN Headline News, CNBC, Fox News, MSNBC, Bloomberg, BBC and
the Tennis and Golf channels. DiMi's video ad spots are expected to
continue to air on these and other national cable networks.
An extended three minute version of the corporate video can be
viewed on the Company's web site, found at www.dimitelematics.com, or on YouTube at http://www.youtube.com/watch?v=WFW_3k78L_8&feature=plcp.
In tandem with the televised ad spots, DiMi also implemented a
comprehensive online media campaign that has endeavored to tap the
power of social media networks to extend and enhance its reach to
consumers and prospective customers and business partners. In July,
DiMi was invited by Twitter to participate in a social networking
initiative created by Twitter that allows select companies to
actively participate in real-time conversations on Twitter to drive
consumer interest around their respective brands, and to listen and
gather market intelligence and insight applicable to their
businesses and respective growth objectives. To view DiMi's Twitter
page, please go to http://twitter.com/dimitelematics.
Green Genie Acquisition
In late June 2012, DiMi Telematics acquired Green Genie, rated
by TechCrunch, and other leading web sites and publications, as one
of the very best green mobile apps available for download on the
iPhone, iPod Touch and iPad for $0.99. With over 14,000 active
subscribers, Green Genie is expected to generate modest revenue
growth for the Company in future quarters; however, management
believes that the underpinning value of the Green Genie platform is
the fact that it will serve as another powerful marketing channel
to enhance its reach and educate environmentally conscious
consumers, commercial businesses, government agencies and
industrial enterprises on DiMi's M2M communications solutions.
Future Success Factors
DiMi's management team has determined that there are a number of
key variables that are essential to the long term success of the
Company, and include:
- Building a cohesive management and support team comprised of
talented, and highly committed business professionals who all share
a common vision for the future of our Company;
- Fully capitalizing on the explosive growth of the M2M market
through implementation of effective sales, marketing and
advertising initiatives that will fuel new business development and
promote strong, recurring revenue growth;
- Rapidly winning industry acceptance, adoption, validation and
endorsement of our proprietary M2M communications solution within
our targeted markets;
- Promoting strong customer loyalty and retention by keeping our
long term interests well aligned with those of its clients and
business partners;
- Earning recognition as industry thought leaders, technology
innovators and trusted strategic business partners; and
- Achieving key growth milestones, including positive cash flow
within 12-18 months following the commercial launch of DiMi
4.0.
Barry Tenzer, President and CEO of DiMi Telematics, noted, "By
effectively bringing to market cutting edge M2M communications
solutions and implementing new marketing and business development
strategies that promote rapid growth and support our mission, we
are confident in our ability to win DiMi enduring leadership in the
high growth M2M communications markets. The steps we've taken thus
far have positioned us well to achieve our long term operational
and financial goals and objectives, and we intend to continue
working hard to ensure that we seize and capitalize on all
opportunities that allow us to accelerate our growth on a moving
forward basis."
About DiMi Telematics International, Inc.
Established in 2011 and based in New York City, DiMi Telematics
International, Inc. (DTI) designs, develops and distributes
cloud-based, Machine-to-Machine (M2M) communications solutions used
to remotely track, monitor, manage and protect multiple fixed and
mobile assets in real-time from virtually any web-enabled desktop
computer or mobile device. Through its proprietary software and
hosted service offerings, DTI is capitalizing on the pervasiveness
and data transport capabilities of wireless networks in order to
facilitate communications, process and energy efficiencies between
commercial and industrial business owners/managers and their
respective networked control systems, sensors and devices.
Strategically, DTI is focused on the M2M market segments in which
it can provide highly differentiated, environmentally responsible
and value-driven solutions capable of unleashing tangible
productivity gains, material cost reductions, and quantifiable risk
mitigation across an enterprise. For more information, please visit
www.dimitelematics.com.
You can also follow the Company on Facebook
and Twitter.
Safe Harbor Statement Under the Private
Securities Litigation Reform Act of 1995 With the exception of
historical information, the matters discussed in this press release
are forward-looking statements that involve a number of risks and
uncertainties. The actual future results of DiMi Telematics
International, Inc. could differ significantly from those
statements. Factors that could cause actual results to differ
materially include risks and uncertainties such as the inability to
finance the Company's operations or expansion, inability to hire
and retain qualified personnel, changes in the general economic
climate, including rising interest rates, and unanticipated events
such as terrorist activities. In some cases, you can identify
forward-looking statements by terminology such as "may," "will,"
"should," "expect," "plan," "anticipate," "believe," "estimate,"
"predict," "potential" or "continue," the negative of such terms,
or other comparable terminology. These statements are only
predictions. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, such statements
should not be regarded as a representation by the Company, or any
other person, that such forward-looking statements will be
achieved. We undertake no duty to update any of the forward-looking
statements, whether as a result of new information, future events
or otherwise. In light of the foregoing, readers are cautioned not
to place undue reliance on such forward-looking statements. For
further risk factors associated with our Company, review our SEC
filings.
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FOR MORE INFORMATION, PLEASE CONTACT Hanover+Elite Dodi Handy
or Kathy Addison Phone: 407-585-1080 Email: Email Contact
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