Investment Highlights
Brief Description of Cabbiexpress International Limited
Cabbiexpress is a solutions provider servicing the owners, drivers, operators and industry to participants in the Hire Car/Taxi industry. The primary means of generating revenue is to take a small fee for every transaction utilizing any service provided by Cabbiexpress. To achieve this, the Company has developed a robust mobile transaction platform and ancillary value added services, and aims to enable the organisation to grow in a controlled but rapid manner.
The Company’s primary objective is to provide the leading mobile payments platform, accounts processing and jobs offload. Our fee structure is based on a greater percentage of the service uplift fee to be shared between the Driver and Operator, we anticipate rapid take up of the Company’s services.
Share Offer Summary
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Round 1
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Round 2
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Total
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Priority Offer
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$0.20 per share
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Public Offer
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$0.30 per share
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Number of Shares Offered under Prospectus
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152,500,000
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Amount to be Raised under the Offer
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$4.5m
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$3.0m
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$7.5m
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Unique Product Offering
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Taxi Payment Pack
The Suncorp M4230 terminal is similar in usability to most EFTPOS terminals and operates with unique enhancements exclusive to Cabbiexpress users. Cabbiexpress is using the M4230 terminal to gain rapid market awareness and acceptance of the Cabbiexpress driver value proposition. Cabbiexpress shareholder drivers can earn up to 7% commission.
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Driver Business Pack
eWAP terminal was developed and is operated exclusively by Cabbiexpress and consists of a smart phone PDA and MT100 micro printer bundle targets hire car drivers and owner operators.
Cabbiexpress shareholder drivers can earn up to 7% commission.
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The Opportunity
The Taxicab Industry is in undergoing major structural reforms. As the market continues to grow, so does the demand for alternative payment systems and ancillary services to satisfy changing consumer demands and preferences.
The taxi industry in Australia had turnover of $9.7b in fares in 2008 and generated in excess of $200 million in transaction commissions.
The Solution
Through an intimate and detailed understanding of this market, Cabbiexpress has developed a payment platform that delivers real financial benefits to Drivers by way of increased commission for their activities and an accounts processing system that enables drivers to form a beneficial relationship with their customers and empowers them to build their own business network.
Reasons to Invest
- Driver-Shareholders will be able to participate in the “double benefits” of increased commission earnings and capital growth potential.
- Proven business processes that increases customer yield.
- Proven technology, exiting user base, market ready.
- Global reach.