Project Alpha develops, hosts, and provides "best-in-class" service for e-Commerce websites that are deeply integrated into two national ERP platforms. The third deeply integrated platform is scheduled to be introduced in Q2, 2023. Project Alpha has developed a reoccurring business model for meteoric and profitable growth in the ensuing years.
For the first half of 2022 (January – June) financial reports, the revenue and reoccurring revenue are up over the same period in 2021, 32% and 47%, respectively. In addition, the 2023 tentative budget forecasts a 20% year-over-year growth.
The company's success is because it clearly differentiates itself from all competitors while maintaining high-profit margins. Project Alpha customers are BtoB companies in the distribution and light manufacturing sectors.
Their potential customers have one or more of the following characteristics (i) frustrated because their customers are buying from other online website e-Commerce providers, and these potential customers are losing business; (ii) their customers' end-user are shopping elsewhere because of the lack of functionality of their e-Commerce website, or (iii) the after the sale maintenance and support from their e-Commerce website provider is pathetic or too expensive.
Ideally, the CEO is seeking a partner interested in acquiring a majority share of Project Alpha, rolling over equity into a minority ownership position with the responsibility for continued growth and profitability.
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