DGAP-News: November 2013 Letter to Shareholders
(firmenpresse) - DGAP-News: Spectral Capital Corporation / Key word(s): Miscellaneous
November 2013 Letter to Shareholders
13.11.2013 / 14:00
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SEATTLE, November 13, 2013 (Business Wire) --
Dear shareholders,
Spectral Capital Corporation, (FCCN.QB)
Spectral has achieved groundbreaking milestones in 2013 and built
tremendous enterprise value for our shareholders. I would like to take
this opportunity to share these achievements with you as well as specify
our goals over the remainder of the year and through 2014.
Our core business strategy is to identify promising young technology
companies with explosive growth potential, acquire large equity stakes in
them at an attractive valuation and then help those companies to maximize
their growth potential through the strategic application of an array of
financial and non-financial resources. This is a bold strategy, however,
it is one that provides an opportunity for exceptional capital
appreciation. We seek to partner only with those small companies whose big
innovations can scale to market-leading businesses. We believe our
experience and resources can help to bend the growth curve for these
companies, greatly enhancing the prospect that they can scale to their full
potential.
2013 brought Spectral, front and center, into two high-growth areas in
technology. Two exceptional companies have become a part of the Spectral
team: Noot and Kontexto. Both teams exemplify our core business strategy
(1) they solve complex problems in high growth market segments; (2) they
incorporate industry-leading proprietary technology; (3) they can grow
rapidly on minimal investments in sales and marketing. Inherent to
building an emerging growth company dependent on industry-leading
technology is the risk of building such products. The last decade is
littered with the debris of companies with promising ideas who failed to
execute on delivering cost-effective implementations of complex and
intricate technological solutions. We are very proud to say that both Noot
and Kontexto have delivered precisely these sorts of complex and intricate
technical achievements on time, worked under budget and produced
industry-leading products. Each company is also serving high growth markets
with huge upside potential: Kontexto in data analytics or big data and Noot
in mobile search.
Noot is still in its infancy, however, we are very encouraged by its
initial reception. Following a few more planned updates, the product will
be ready for expansion into additional markets. We know that 50% of mobile
users use mobile as their primary Internet source and that 80% of time on
mobile is spent inside apps and all these usage rates are expected to
continue to be strong. Adaptive mobile search is amongst the highest growth
potential markets in technology and Noot is at the technological leading
edge of this market.
Over the course of the past 12 months, which have seen unique market
volatility and global instability, the share price of Spectral has remained
relatively stable. We are proud of our ability to maintain a consistent
performance baseline while making significant asset gains and we have laid
a foundation for promising future growth. We are pleased to see that the
trading volume has increased, which provides our shareholders with
assurance that Spectral is on the radar screen of many more people. We do,
however, believe that this increased attention may provide a means for our
share price to reflect our recent activities and growth potential as we
head into a year that should provide increased market stability and is
becoming increasingly friendly to high-growth technology companies, as
evidenced by the recent Twitter IPO.
Spectral's aim is to continue adding to our asset base with highly capable
and talented teams in growth markets over the next 12 months. We are in
late-stage negotiations, and have reached a verbal agreement, with another
firm and we hope this may result in another asset acquisition for the
company in a short time. This is not definitive until a formal agreement
has been signed, but we have every expectation that the transaction will
come to fruition.
There are a number of avenues in which Spectral can monetize the growth of
its portfolio companies. These include the sale of a strategic stake in
one of our companies at a moment of value inflection, such as the
achievement of a critical number of persistent users or the validation of
an advertising based revenue model. We are evaluating a number of these
strategies and look forward to monetizing the growth of our portfolio
companies and having such growth reflected in the share price for Spectral
over the coming months.
Thank you for your continued loyalty and belief in the underlying
high-growth strategy that makes Spectral so attractive to the emerging
growth investor community. We look forward to rewarding that trust and
confidence in the coming months and remain committed to maximizing value
for you, our Spectral shareholder community.
Warmest regards,
Jenifer Osterwalder
President and CEO
PRESS RELEASE FORWARD LOOKING STATEMENT:
This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future events
and the Company's growth and business strategy. Words such as 'expects,'
'will,' 'intends,' 'plans,' 'believes,' 'anticipates,' 'hopes,'
'estimates,' and variations on such words and similar expressions are
intended to identify forward-looking statements. Although the Company
believes that the expectations reflected in such forward-looking statements
are reasonable, no assurance can be given that such expectations will prove
to have been correct. These statements involve known and unknown risks and
are based upon a number of assumptions and estimates that are inherently
subject to significant uncertainties and contingencies, many of which are
beyond the control of the Company. Actual results may differ materially
from those expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially include, but are not
limited to, changes in the Company's business; competitive factors in the
market(s) in which the Company operates; risks associated with operations
outside the United States; and other factors listed from time to time in
the Company's filings with the Securities and Exchange Commission. The
Company expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Company's expectations with
respect thereto or any change in events, conditions or circumstances on
which any statement is based.
Contact:
Jenifer Osterwalder
contact(at)spectralcapital.com
206-262-7820
End of Corporate News
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