cory wallenstein servprise international, inc. 447 rawson street leicester, ma 01524 1-800-832-3823 ...
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Cory WallensteinServprise International, Inc.
447 Rawson StreetLeicester, MA 01524
River Valley Investors
June 21, 2006
Recovering from a crash
• Call tech support–$100 per incident
• Drive to datacenter
• Remotely cycle power
Market
• 29 million worldwide servers– 70% available remotely 24/7
– $2.1 billion market opportunity
• 2004 revenues of $180M– APC, Avocent, BayTech, etc.
Product Roadmap
WebReboot 8-port• IT Consultants• Small ISPs• Fringe of Enterprise
WebReboot Enterprise• Enterprise IT• ISPs & Web Hosts• Government
Servprise Intuity• IT problem-solving software• Significantly grow market
Team
• Cory Wallenstein, President
– Serial entrepreneur in IT
• Kevin Menard, Vice President
– Background in web hosting, Cisco
• Robert Chipman, VP Business Development
– Enterprise engineering at BAE
Current Financials
• Sales– Retail sales started mid-’04 – $7k/month revenue on initial 8-port product, 42% margin– No marketing
• Margins
– WebReboot 8-port– $489 retail, $200 cost; 59% margin
– WebReboot Enterprise 24-port– $1500 retail, $400 cost; 73% margin
Projected Financials
• Break-even with full-time staff in 2Q07 – $497K quarterly revenue, $305K gross margin, $249K
operating expenses
• Profitable in 2008– $10.2M annual revenue, $7.7M gross margin, $5.9M
operating expenses– Potential $5M 2nd round for Intuity stand-alone
• Projected exit in 2009: Strategic acquirer– $20.9M annual revenue, $17.2M gross margin,
$11.1M operating expenses– $3.6M net income after taxes