CEO Annual Letter
to Shareholders: Roadmap For The Year
Ahead!
Cambridge, MA --
January 26, 2022 -- InvestorsHub NewsWire -- Peer To Peer Network
a.k.a MobiCard Inc. (OTC Pink: PTOP) is proud to announce following
CEO Annual Letter to
Shareholders:
Dear Fellow
Shareholders:
Each year I make
it a priority to write to you on behalf of PTOP. The majority of
our shareholders are investing to finance growth in their
portfolios. Other shareholders for speculation purposes, and some
for the longer-term approach for retirement. Their time horizons
can span multiple years, decades, or some that are only concerned
with next month. Although I know that each of you have different
priorities, we all want the same thing, the value to grow and the
company to succeed in our
goals.
As CEO, I take a
long-term approach to the strategic objectives and the order in
which I choose to accomplish them. That is why I make a point to
list the goals for the year to come, so that you (the shareholders)
can use it as a measurement as to what value we will aim to add to
the company in the year ahead. The financial gains we seek to help
our shareholders achieve is not created overnight. It is a
long-term endeavor, and I am committed to a long-term approach.
That is why, for the past 3 years as CEO I have written to you each
year about what was accomplished the year prior, and what we set as
goals for the year to come. I hope this helps illuminate the great
strides we have taken to make sure PTOP is here to stay, and where
we intend to be by
years-end.
Looking back on
the year 2021, we accomplished a lot. We added 2 new people to the
team including CTO (Chief Technology Officer) Nicholas Santana. We
ended our relationship with the Think Latitude development team
after numerous setbacks on our proprietary apps, and brought on an
experienced senior development architect Jay Wallace. PTOP has been
better served with an in-house technology expert to minimize
expenses and to navigate difficult technology implementation,
integration, and supervision. Getting the right technology team in
place was critical and will always be critical to the long-term
success of any company.
In 2021 PTOP was
able to get the app's both relisted and approved in their
respective stores (Apple & Google Play Store) and a complete
overhaul of the entire back end was started and completed,
rendering less bugs and more seamless transitions to enable better
functionality from a database standpoint. You can download the app
today at www.freemobicard.com
or
visit your app store on your
phone.
In 2022 we are
planning to announce a kick-off of a complete front-end overhaul
& redesign that will enable a different "look & feel" for
the apps. Our goal is to make Mobicard easier to understand, faster
to use, add some additional functionality, and make both apps much
more user-friendly. One of the components will be an easier to use
enterprise user portal for companies to sign up entire lists of
their employees. Also, a paid for version should be offered
directly through the app store as a feature to the apps we have in
the store today. Getting on a path to profitability is an important
goal for the year 2022. These must be completed before we kick off
our major efforts to blitz & sign up the enterprise accounts we
have lined up, and boy do we have some good contracts ready to be
signed. I am really excited to announce the deals we have in the
works when they are signed and ready to
roll.
In 2021 I did
major work on the financial inner workings of PTOP. 4
years ago, I had no experience running a publicly traded company.
Over the past year, I've had the opportunity to succeed where
countless previous CEO's & CFO's had let PTOP down. I
successfully navigated over 5 years of financial delinquency to
become compliant with SEC's new amended Rule 15c2-11. I met a
deadline that thousands of other OTC market stocks missed and were
therefore de-listed. I am sure that shareholders are thankful for
these efforts, no small task. After successfully getting 3 years of
financials completed and upgrading the value of the company from a
dark company to one that was Limited information, I finally
delivered PTOP to a coveted "Pink Current Status". Previously
entire states like IL, were unable to purchase shares of PTOP due
to their sates Blue Sky laws (State security laws). With Pink
Current Status I can look forward to connecting with a new
potential shareholder base which I believe will add a direct value
to our share price going forward. This is certainly a tremendous
value to the company moving forward. As of today, I have sent down
details to help our accounting firm finish our 1st
quarter financials as well, which are due February 15th
of 2022. With the hard work of gaining PTOP "Pink Current Status"
from years past, it enables me to be able to easily comply with
being current for new reporting requirements and
dates.
In my road map for the year
ahead in 2022, what I want to share is a clear sense of purpose;
consistent performance, and recognition of the importance of
engaging with, and delivering for, my key shareholders. This is the
foundation of capitalism.
Under my
leadership PTOP will be driven by mutually beneficial
relationships between PTOP and the employees, customers,
shareholders, and app users our company relies on
to prosper.
In 2022 I plan to
give more frequent updates to shareholders, so as to give updates
on our goals achieved, or any update on challenges we are facing in
order to achieve a particular goal. I hope to send a letter to
shareholders upon completion of each quarter of successfully posted
financial quarter reports as well to give shareholders a better
gauge on where we are on the list of strategic objectives set out
for the year 2022.
Our shareholders
should be excited to hear that we plan to apply for DWAC
eligibility with our stock transfer agent in the coming month to
enable people to turn shares into electronic form and transfer into
existing brokerage accounts. This will be exceptionally helpful for
shareholders who have, or will be, purchasing shares directly from
PTOP so that they can deposit their shares into their online
trading accounts. We are working on 2 new websites as well. One
website will be particularly of value to shareholders as its focus
will be an investor website for information on PTOP and a focus on
our stock.
In 2022 we plan
to hold an annual shareholder meeting and allow for proxy votes on
some upcoming issues that will be an engaging exercise for all.
Keep in mind shares purchased directly from PTOP even if restricted
hold voting rights.
By February 15th
of 20 2022 we plan to release our Q1 financials and continue to get
debt off our books continually improving our balance sheet. We are
also exploring up-listing options as
well.
In 2022 we aim to
file a Reg A offering with the SEC which will enable us to get
placement agents to raise money for PTOP at various other outside
organizations. This is the next big milestone that will
also allow PTOP to sell free trading shares to anyone who would
participate in the direct share purchase program, or to these other
outside funds at a price that PTOP
sets.
We are also going
to be exploring reinitiating certain corporate actions with FINRA
namely a stock restructure to better suit the company now that PTOP
has achieved "Pink Current
Status".
In 2022 we plan
to complete a front-end redesign of our apps, completion date by
end of April, early May. Then we plan to kick off a major marketing
campaign. We hope to see a few user updates within the next 6
months. We plan to start to expand our user base exponentially. We
plan to make some big announcements on enterprise deals, and
reapproach other deals previously signed before there were any
functioning mobile apps.
In 2022 after a
successful launch of the redesigned and more friendly &
functional apps we plan to explore restarting the MOBICOIN token
program. This is a big goal that we hope to accomplish by year end.
We believe reinstituting this back into our apps by the end of the
year would add a huge value to the company and potentially add
tremendous value to the price per share of the stock. These
strategic objectives lay out an aggressive plan for growth moving
forward in the year 2022.
Delivering on the
competing interests of a company's many divergent shareholders is
not easy. As a CEO, I know this firsthand. In this polarized world,
CEOs will invariably have one set of shareholders demanding that we
do one thing, while another set of shareholders demand that we do
just the opposite.
That is why it is
more important than ever that PTOP and our management be guided by
our purpose. If I stay true to PTOP's core purpose and focus on the
long term, while adapting to this new world around us, I believe I
will deliver durable returns for shareholders and help realize the
power of capitalism for all.
Sincerely,
Joshua
Sodaitis
Chairman &
CEO
Contact
Info:
Joshua Sodaitis,
Chairman & CEO MobiCard, Inc.
45 Prospect Street Cambridge, MA 02139
Phone: 1-617-651-2460
Email: info@freemobicard.com
ABOUT:
Peer to Peer
Network aka MobiCard is the 1st of its kind digital
contact/business card. It will greatly facilitate the ability of
individuals and businesses to share information and more
effectively expand their visibility and brand awareness. Mobicard
is a combination of powerful mobile apps and desktop apps with wide
ranging capabilities, including linking video's, user websites, all
forms of contact information, and all of each user's social media
links into one consolidated source. It is more than just a digital
business card; it's a "dynamic digital footprint." A subscriber can
custom create their business card to include a company logo,
profile photo, contact details, website, audio messaging, social
media links and multi-media content. The platform sharing and alert
system enables users to share their card via text/SMS, e-mail, and
global social media sites including Facebook, Twitter, LinkedIn,
etc.. The system provides the user instant text alerts when their
card is opened or shared to third party referrals all while
building an invaluable database of contact
leads.
Safe Harbor
Statement:
This release
includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. The Company
invokes the protections of the Private Securities Litigation Reform
Act of 1995. All statements regarding our expected future financial
position, results of operations, cash flows, financing plans,
business strategies, products and services, competitive positions,
growth opportunities, plans and objectives of management for future
operations, as well as statements that include words such as
"anticipate," "if," "believe," "plan," "estimate," "expect,"
"intend," "may," "could," "should," "will," and other similar
expressions are forward-looking statements. All forward-looking
statements involve risks, uncertainties and contingencies, many of
which are beyond our control, which may cause actual results,
performance, or achievements to differ materially from anticipated
results, performance, or achievements. Factors that may cause
actual results to differ materially from those in the
forward-looking statements include those set forth in our filings
at www.sec.gov.
The company is no longer a fully reporting SEC filing company. We
are under no obligation to (and expressly disclaim any such
obligation to) update or alter our forward-looking statements,
whether as a result of new information, future events or
otherwise.
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