In the pursuit of a stated Mission Statement,
the company has invested much effort and resources in the acquisition and retraining of key personnel,
putting in place necessary equipment, and establishing essential business contacts and relationships.
Over eighteen months later, management confidence in the competence of the team is sufficiently
high to conclude that the foundation for an organisational structure and constitution that
endures, and strives for excellency and progress has, GOD's grace, been established.
A new phase of development is now entered where the company has started to actively market itself to blue
chip companies, and to express interest in high profile government projects that fit its aspirations.
A survey of the Nigerian economy which we completed in December 2001 shows that there is phenomenal
opportunity for growth, once the infrastructure problems, currently being tackled by the Obasanjo
government has been tackled successfully.
A report - "The Nigerian Business Habitat : State of the Ark"
is available; send an email to our Customer Services to request a copy. The report conludes that
now is the best time for businesses to position themselves within the market, to reap, first-to-market
and other benefits that will come in the very near future. Internet Technologies Ltd (nettechTM)
is among the first, and perhaps the most pioneering of Information Technology (IT) firms in Nigeria today.
The company has seen the opportunities and caveats first-hand, and can express high levels of confidence
in opportunities for growth and Return on Investment (ROI).
The company is therefore very keen to
attract Investors and Venture Capitalists to take an interest, and a stake in the company and/or its
outputs. This is required to for a second round funding exercise to raise £400,000=.
Such participation, it is hoped would allow for a more rapid iteration of growth=>consolidation
cycles which are needed to take maximum advantage of the opportunities in the market today, and best position
for later years. Please indicate a request for our company brochure and this will be included with
The company has invested in a number of strategic products and services, which themselves have the
potential of becoming ongoing concerns in themselves, some of which are listed below. The company
would like to inform investors about these outputs, as they may be more attractive, or complimentary to
an investors portfolio. As such investors who may not necessarily be interested in nettech itself have
the opportunity to participate in one of these interest instead.
Like most other countries the "Bricks and Mortar" Estates Agency sector is characterised by fragmentation.
There are no sector behemoths, and few provide a complete set of services across horizontal divisions.
Fortunately, this creates an opportunity for harmonisation and aggregation in a context that adds
value to Estates Agency. This site/service is deployed to fill that niche.
from established Estate Agents and Law firms involved in real estate, suggest that the service is welcome
and also much anticipated. There is a Caveat though, the Internet medium is still underdeveloped,
infrastructure problems are a most potent obstacle to eBusiness in the Nigerian economy, how does a service
such as this survive, much less thrive. Request a copy of our report on the business environment in
Nigeria as it exists in 2001/2002 "The Nigerian Business Habitat : State of the Ark". Investors are
invited to take an interest in this Portal, which would be floated as a separate business concern.
This is a product designed for the retail sector of the Music industry. The eMusicDirectoryTM provides an
interface from which customers can interact with products, before committing themselves to a purchase.
One of the major obstacles to buying Music and Videos in shops is the uncertainty of content.
This is particularly the case with impulse buying. By giving customers a better feel for the
content of the item, using high quality sound and video segments to provide a genuine sample, customers
gain quick and valuable information needed to complete a firm purchase.
This works against the high
return rate that some outlets face. Secondly, for dedicated Music lovers, and Collectors, a vital
but missing service, is a Customer-Managed search. This would allow for a quicker, more exhaustive
search of archives and current stock to indulge the taste of the committed. The eMusicDirectoryTM
product, going by calculations, has the potential to pay back on its total cost within the first year of deployment.
In Europe, and in many other economies the world over, the telephone has become an important tool of
the home and the business. Private and public communication is most often conducted using this technology,
however, it is only recently that online Telephone Directories have become widespread. In Sub-Saharan
Africa, this is yet the case. Opportunity exists for creation of eDirectories that not only provide
access to a compendium of phone numbers, but also a selection of value added services for businesses and individuals.
Internet Technologies has completed an innovative design for eDirectories that exceeds those currently
deployed anywhere on the Internet. The company has submitted proposals to a number of Telecoms companies
and we are hopeful that the model can be applied not only in Africa, but also on other continents, to bring a
truly outstanding compendium of synergistic services into one context, and interface. &This service would be most
attractive to Media houses, Telecoms and Investors with like portfolio, this is because of the bias towards
exposure/visibility and audience over ROI.
Exit Routes and Investor Indemnification
It is worth mentioning, at this juncture, that we expect that most investors will be taking a long term
interest in our offers, rather than the opposite. However, as is expected, we have studied the economy
in which we operate and distilled a formula for Investor Exit and Indemnification. The core business
nettechTM will continue as an ongoing business with continuing investment from
the existing directors of the company and emerging investors.
At all times, a sizeable proportion of
liquid capital will be set aside for immediate partial repayments while all outstanding sums would have been
repaid within the following 12 month period. While growth remains very high, the intention is to keep
holdings within a private group of core investors. Public quotation is to be seen as a medium term aspiration.
All services and products that are not intrinsic to the core consulting service, will, within a short time
of attaining critical mass, be floated as fully independent businesses.
This process will be in the full view,
and with the consultation, and agreement of all core investors. Exit and Indemnification will be among the
considerations in the consultation exercise. Further details can be arranged with our Solicitors -
Adeniji Kazeem & Co (24 Festival Road, Victoria Island, Lagos, Nigeria).