(05-10-2014, 04:10 AM)thecrazykevy Wrote:
(05-10-2014, 03:08 AM)Mountainbiker Wrote:How about the filing of the 20-F along with IA this weekend. And the PR regarding the Mobile Marketing Platform for Tesla. That should be enough for now to burn the shorts.
Being associated with Telsa is nice. But it looks like RuiFeng is just designing a Chinese language app for Telsa which lets users the see different models and features along with locations where you can buy the cars in China. So I don't think it's a signifcant contribution to revenue.
Yes but that is significant because of a few reasons. Number one being how high profile of a client they are, also I'm not entirely sure but Tesla cars are selling fast in China and are going to overtake North America in sales if they haven't already. Also that should be reoccurring revenue as they will likely manage the app on an ongoing basis. This deal grows NQ portfolio and allows them to sign more deals easily as this Is a substantial boost to reputation.