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$FUSZ - News - The Exciting Story of Nfusz Inc (OTCMKTS: $FUSZ )

Nfusz Inc (OTCMKTS: FUSZ) has seen a recent surge after the Company named Jim DuBois, former CIO at Microsoft to its advisory board. The Company also added Lewis Jaffe, former CEO of Oxford Media Inc., and Mory Watkins, MBA, award winning business professor at Loyola Marymount University. 

FUSZ has had a memorable 2018 rising up from a nickel to incredible highs of $3.04 a share. After a recent dip below $0.40 FUSZ has been rising fast quickly attracting a large shareholder base who believes this one goes way higher. 

nFusz, Inc. (OTCQB: FUSZ) is reinventing the way a message is expressed, received, and responded-to… by providing interactive communication tools, limited only by the creator’s imagination. Based in Los Angeles, nFusz was originally organized as Cutaia Media Group and through multiple mergers and a name change became nFusz in 2017. The Company is led by Rory J. Cutaia, an attorney from NYC who founded Telx, that became the internationally recognized leader in the data center sector which he later sold for $200 million. Mr. Cutaia was also a partner at the Corinthian Capital Group, a private equity firm that invested in middle market companies and he currently owns 32.1% of FUSZ. 

nFusz flagship product, notifiCRM, is the first interactive video-based customer relationship management (CRM) platform that allows anyone to create, distribute, post, track, and measure interactive videos that increase engagement and conversion rates by up to 600 percent. Video viewers can respond to one or more calls to action by clicking within a video while it’s playing – and no download is required. nFusz products are cloud-based, Software-as-a-Service (SaaS), available by subscription for individual and enterprise users, and accessible on all mobile and desktop devices. The company’s newest products, also based on its interactive video technology platform, include notifiMED, for the healthcare industry, notifiEDU, for the education industry, and notifiNPO, for non-profit organizations. 

According to nFusz website the Company counts as clients Sapper Consulting, American Idol, Oracle Institute, Ignite Visibility, JSA, Marketo, NBCUniversal, Dr2 Marketing, World Finance News 1, uBid.com, Scoutsview, The Matrix Group, RapGrid, FES, DealYeah, Chapwood Institute, Caught on Camera, Asylum Entertainment and Legendary. nFusz has also partnered with enterprise companies such as Oracle (ORCL), NetSuite and Marketo to include its system within their offerings and receive payment on a revenue share basis from its recurring subscriptions and in-app and online purchases. 

nFusz intends to raise $20 million in an IPO up-listing from the OTCQB to Nasdaq, according to an August 14.S-1 registration statement. 

nFusz products include notifiAIR, an upgrade feature for notifiCRM.NotifiWEB which allows customers to create and display sales, produce or corporate videos. NotifiADS which allows customers to embed their interactive videos in online adds. NotifiTV which allows customers to create interactive media destinations for broadcasts and notifiLIVE that allows customers to livestream interactive content with dynmaic placement and insertion of interactive elements viewaable on any browser or smart TV. 

 
 

In August FUSZ provided a company update and reported financial results for the quarter ended June 30, 2018. While revenue was approximately $8,000 for second quarter 2018, income from operations was $393,000, reflecting a contra stock compensation expense of $1.2 million attributed to the revaluation of consultants’ unvested restricted stock and stock options. This compared to no revenue and an operating loss of $1.4 million in the second quarter of 2017. The company recorded a $1.4 million gain related to the change in fair value of derivative liability in second quarter 2018, versus a $527,000 charge for debt extinguishment in second quarter 2017. Net income was $1.8 million, or $0.01, in the second quarter of 2018, compared to net loss of $2.1 million, or $0.02 in second quarter 2017. At June 30, 2018, cash and cash equivalents were $1.4 million. 

Last month FUSZ entered into a partnership with Belgian software giant Odoo to incorporate the nFusz notifiCRM application into Odoo’s global business applications platform. Odoo provides a complete suite of integrated apps to address any business need. With both cloud-based as well as on-premises offerings, and over 3.9 million users, Odoo is the most installed business software in the world. 

On October 1 FUSZ named the first three members to its advisory board which are Jim DuBois, former CIO at Microsoft, Lewis Jaffe, former CEO of Oxford Media Inc., and Mory Watkins, MBA, award winning business professor at Loyola Marymount University. Jim DuBois served as Chief Information Officer at Microsoft from May 2013 through September 2017, where he was responsible for building, securing, and running Microsoft’s internal systems. During his 25-year tenure at Microsoft, Mr. DuBois also led Microsoft’s application, infrastructure, and security teams. 

FUSZ CEO Rory J. Cutaia stated “The applications for our interactive video technology, which now include advanced data collection capabilities, and the corresponding implications for growth in the sales, marketing, healthcare, education, and non-profit sectors, among others, are far greater than many may have originally foreseen. I intend to pursue an aggressive, though well-conceived growth strategy for nFusz and our stockholders to exploit these opportunities, and to do so, I want to leverage the skills, talents, experience, relationships and resources of the best and the brightest. I feel privileged to have Jim DuBois, Lewis Jaffe, and Mory Watkins as members of our new Advisory Board, whose sole purpose is to help us create greater stockholder value.” 

Currently trading at a $61 million market valuation FUSZ has $1.4 million in the treasury, rising debt and little sales reporting approximately $8,000 in revenues for second quarter 2018. FUSZ is an exciting story developing in small caps; the Company is emerging as a leader in business-focused interactive video and the pioneer of augmented sales intelligence software and already counts American Idol, Asylum Entertainment and NBCUniversal as clients. FUSZ also recently filed an S1 stating their intention to raise $20 million in an IPO up-listing from the OTCQB. We will be updating on FUSZ when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with FUSZ. 

https://www.microcapdaily.com/the-exciting-st...sz/121865/

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