Thank you very much. You voted for us, we appreciate it. You put trust in
us.
As I finish with the video, I would
play you one
that possibilities with our system is
immerse.
So, you can walk around on water
or run through caves
There are many possibilities where you can go with Spoteee.
Just a second. Presentation... okay, here it is.
You wanted numbers. So, I would like
brief introduction to our business model.
Users or visitors of gyms, they don't pay anything, it's for free and our customer
is owner of a gym. They pay monthly couple of thousands of crowns and we
have first customers for now. For numbers
we did counting. And we count five hundred of gyms
are diminished by, not so rich gyms. And if you count two running treadmills for
each gym and in penetration of three percent of the market, we could reach the
breakeven point the next year.
We did our sales directly, but now we realised that it's not so possible, speed
up our product with direct sales. So, we are dealing with very important distributor for
Czech and Slovak market that could speed up our Spoteee system as much as possible.
Competition in the Czech Republic is
there's no competition. And in Europe, we don't have any direct competitor. In West coast
of US, there are three companies, but the business models and strategies are different.
For the technological background, we built our system on Microsoft technology, Microsoft technologies, and we
use many PCs. These many PCs we put in front of every treadmill where it
can be stored about six hundred of our HD videos. And we are managing them
for this, for long, from our, from our office.
This is user interface Spoteee. You just can switch with arrows, choose video track you
want. There are information you need if you want to walk around, what speed is,
how long it takes and.. other informations.
Challenge is now, the biggest challenge for our team is synchronisation, the video with our
video tracks. So if you adjust speed in your treadmill, the video will speed up.
But there are few problems that we have to solve.
From our
tests, we tested our idea, and people told us they want to learn English or
other world languages. So, we tested already this bonus module. It's not substitute for video
tricks, but it's more efficient if you want to run and spend the time learning
english. So, you can the run in Paris and then learn English or French, if
you want. So, you can choose the speed of changing the cards and there is
Czech word and after a few seconds appears English word, and so on.
We wanted to combine our videos with language module, and put it in augmented reality.
But it's for the future plans. Our team
we are five, five of us. From programmer to camermans to creative people and business
men; we have economic background from various faculties, like math and physics In Prague; economics
the sports and sports studies, and other hobbies and experience. So we are building on
this experience.
So for now, thank you for attention, and
I'm looking forward
forward to answers.
Oh, questions, sorry.
Hi.
I really like it and I'm actually one of your potential customers, because.. Thank you.
I hate working out and staring in the wall, I don't like watching movies because
I don't work out long. But you said there is no competition and I disagree,
because I was obviously researching, before I was doing my research, before I buy... and
there are treadmills with this actually integrated and they speed up as you run, so
there is that synchronisation ready. So,
What do you mean by no competition? Because I see it.
It's pretty expensive version. It's from our competition, from West coast and we tested this
device and it's not so good, because you are watching down. The position of your
neck, it's not ideal and the stereotype of your movement, it's not so good. So,
we put LCD television in front of treadmill. You are watching straight and you are
learning the right style of running. So, this is first
first argument, and the second, that these systems are not working well. There are quite
problems with them and
also the size of the screen, it's not so good. So, the feeling from the
running, it's not so
intense as from Spoteee.
Why are you selling it just to gyms?
Why can't I buy it? It's our first sales pipeline and we... you want to
sell for everyone, to home and also provide our videos to relaxation centres, because we
have feedback that our videos are relaxing and it could be, it could be fun
just watching it at home.
So, every time, every time. So,
So my question is about manufacturing costs. Because obviously, the question that realise that if
I can sell it.. is the question how much does it cost you to make
it and what is your margin profit on that?
Yes it does cost pretty much. The last journey to London coasts, like, nine thousand
of crowns. But we shooted about five or six video, so every video costs about
one thousand or two thousand of crowns. And the great, the biggest cost is the
mini PC.
So, that's, I was talking about the hardware actually. Sorry, sorry. No worries. Okay
We have to come with hardware, we don't want to sell it. We rent this
hardware for gyms. And we know this is the huge, a huge problem of our
business model, but for now... So you buy those off-the-shelf this way, you just put
the sticker Spotee sticker on top of it, and you rent it? That's what you're
saying? Yes. Okay.
And how, how much
how much does it cost to them?
It's about few thousands of crowns monthly.
I don't want to say
aloud, but
if you want to, if you want to know it, I will tell you afterwards.
It's our secret, sorry.
Hi.
I think thet the possibility to synchronise the speed is critical to really
make it attractive. So what are the obstacles?
You are shooting the video with the precise or exact speed. But, for example, we
are shooting the video with speed of seven kilometres per hour, but if someone wants
to run, like,
fourteen,
so we have to speed up this video two hundred percent.
So, if we shoot
some people, and then speed up these people, they look like, they look like rockets.
They are flying there and it's not so, it's not so natural. So there are
a few limits and we have to figure it out
how to solve it.
Actually, just before the ring goes on... actually, maybe I missed it, but
what is the... is it the monthly price and what is it exactly?
Well I said it's a secret, but I will tell you afterwards if you are
interested. Okay, that's thw way, okay, sorry. I thought you were talking about the hardware,
and I was thinking about just month... No, no, hardware costs like about eight thousand
of crowns. Okay, sorry. This is no secret.
Thank you. Thank you, Spoteee.
Thank you, thank you very much.