The OCMX™ is pleased to announce the listing of BodiData Inc. to its online portal which offers Investors and Advisors the ability to participate in this opportunity.
ST. PETERSBURG, FL, April 30, 2020 /Neptune100/ — Apparel retailers and uniform suppliers are experiencing 10-30% return rates on-line and in their traditional bricks and mortar stores. The reverse logistics and environmental costs of these returns are enormous.
The primary cause of these returns is incorrect size.
BodiData has developed the only handheld body scanner and on-line size-matching system that takes accurate, 3D body measurements of a fully clothed individual and instantly recommends the best fitting clothing item for each customer. Our patented solutions provide the size certainty needed to dramatically reduce the huge, wasteful costs of returns, and they increase consumer confidence to buy more online.
In the developed world, the annual revenue potential for size matching services is $3.3B and BodiData’s annual revenue share is $590M assuming 17% penetration.
There is also substantial additional revenue potential in industry verticals, such as Healthcare, Security and Targeted Marketing.
The OCMX™ is pleased to announce the listing of BodiData Inc. to its online portal which offers Investors and Advisors the ability to participate in this opportunity.
The OCMX™ has spent considerable time completing its due diligence on BodiData Inc. and concluded that there is indeed a tremendous opportunity for Investors and Advisors.
The OCMX™ noted that BodiData Inc. exhibits the main components of any solid investment opportunity, namely a solid management team, a great track record, and a number of key competitive advantages.
OPPORTUNITY HIGHLIGHTS
1. Best time to invest
The company expects that first lighthouse uniform customers will begin using our services within 6 months of COVID-19 resolution. Those contracts will substantially increase the value of the company and of subsequent fundraising if any. In uniforms, SOM equal to 40% of SAM will generate $35 million annually for profile fees and $43 million annually including license fees and with no cost for scanners.
2. Revenues will grow dramatically after lighthouse accounts
When lighthouse accounts begin using our technology Competitors will follow and will roll out more quickly to catch up. A national retailer should follow within 6 months which will cause an explosion of interest and revenue potential. In retail, SOM equal to 40% of SAM would generate $558m annually excluding license fees and with no cost for scanners.
3. Apparel is small part of the potential revenues.
Although the revenue potential from Uniforms and Retail Apparel is extremely large, there is equal or greater potential in healthcare, insurance adjudication, health & wellness and security. The value of the database for Targeted Marketing businesses could be staggering.
MANAGEMENT TEAM
Tuoc Luong, Co-Founder, C.E.O. & Chairman
Tuoc served as the Chief Executive Officer of Shanda Online until 2014. Tuoc served as the Global Senior Vice President of Yahoo from 2007 to 2010, where he led the Search Division and was responsible for Yahoo Search products worldwide and gained market share during his tenure.
He served in senior roles such as Chief Technology Officer in companies such as Zazzle Inc., IAC Search & Media, Inc., and Microsoft. He is also the Founder of Jybe, Inc. and the founder of Lookspark (fashion/social media company) that was sold to Yahoo.
He is the author of the book, Internationalization, Developing Software for the Global Market, published in 1995.
Bruce Terry, Co-Founder & EVP
Bruce has over 20 years of experience as a Chief Financial Officer in consumer products and 15 years of experience dealing with the complexities of privately controlled “family” businesses. As CFO of McCain Foods, Shoppers Drug Mart and Sobeys, he gained operating expertise in retail and as a manufacturer within the grocery, drug and food industries.
He has oil & gas and risk management experience gained at Gulf Canada and as Vice Chairman at Marsh & McLennan Canada. Bruce has led or been instrumental in more than 65 mergers, acquisitions, divestitures and financial transactions with a cumulative value of over $26 billion.
His Board experience includes Audit Committee Chair, Committee Chairman and bankruptcy steward on public, private and University Boards.
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