Copyright © 2012 by Kyrano Corporation. [email protected]/9/2012 1 Click.

Copyright © 2012 by Kyrano Corporation. [email protected] 8/9/2012 1

Click


KYRANO.COM


Kyrano.com profile

Florida private corporation 3 years in product development Product tested and operational Need to fill executive-level positions to

ensure successful product implementation and management

Needs people who are entrepreneurial, flexible, capable, hard working, take-charge team players

Join the team and make good things happen


Kyrano.com was founded bySerge Matulich, Ph.D., CPA

BS in accounting from Sacramento State University

Ph.D. from University of California, Berkeley

CPA licensed in Florida Professor Emeritus with

more than 35 years of university teaching experience.

Author of college textbooks and academic papers.


A Unique Opportunity

Become part of the management team Acquire ownership and managerial control Invest your skills, talent, and time You may, but are not required, to make a

monetary investment at very favorable terms

Your job is to help develop a realistic, workable business plan and then implement it

You are invited to



Determine the needs of the business Establish appropriate compensation levels Determine the portion of compensation to

be paid in equity Develop realistic budgets for all aspects of

operations Establish a schedule of achievable goals Make realistic projections

Your business plan must



You believe that Kyrano.com has a high profit potential and good chance of success

You like the unique concept that appeals to a large population of consumers

You believe the concept will appeal to merchants

You are serious about your participation You are confident that the management team

is capable of doing what is necessary to ensure success

You should participate if



You are unable to make a serious commitment You don’t believe in the concept You need immediate monetary compensation You are not confident that the project can be

successful

You should not participate if


What is Kyrano.com?

It is a unique auction web site where each bid lowers the price of the item being auctioned.

The winning bidder always gets a bargain.

It is not a penny auction. It is not a gambling site. It is not a game. It is a legitimate, ethical, and fair

business that benefits buyers, sellers, and stockholders.


How does Kyrano.com work?

We do not sell products. We carry no inventory. We auction discounts on high-value products. Winning bidders buy the products from

legitimate sellers of their choice. Kyrano pays the portion of the price won by

the winning bidder. The winning bidder pays the remainder of the

price to the merchant. We also hold auctions for discounts on college

tuition, credit card debts, and installment loans.



To participate in an auction, members enroll during the enrollment period of one to 10 days.

Members pay a small fee to enroll. Bidding starts at the end of the enrollment

period. Only enrolled members may bid. Each bid requires a small fee. The enrollment and bidding fees create

the discount that a bidder wins.



Members buy bidding tokens to participate in the auction.

The enrollment fees from an initial number of bidders may be used to cover operating costs.

Beyond the operating costs, most of the enrollment fee is used to develop a discount.

As members enroll in the auction, they see the discount increasing.

Bidders know when the auction will start. Bidding lasts a few minutes to a few hours.


Enrollment page for an auction



Each auction requires a designated number of bidding tokens per bid.

Each bid lowers the price of the product by increasing the discount.

Each bid starts a timer countdown. The bidder whose timer runs to zero wins

the auction. Other bidders restart the timer by bidding

before zero is reached. The item becomes more attractive with

each bid.



As bidding progresses, the cost of bidding goes up and the discount increases more slowly.

If there is no winner after a certain number of bids, an Instant Winner (IW) discount is displayed.

The IW discount becomes available to the current bidder during the timer countdown.

If the Instant Winner discount becomes available, the bidder whose timer is running can accept it and win the auction.

To stop the auction and become an instant winner, the bidder has to sacrifice some of the normal discount.

Other bidders may bid before the IW discount becomes available to the current bidder.



For Kyrano auctions to work, a large number of bidders is needed.

If enough bidders don’t enroll in an auction, it is canceled and the enrollment fees are refunded.

To ensure a large enough population of bidders, several similar items may be combined in a single auction.

Each bidder is bidding on a single item.



Bidding is done with Gold, Silver, or Bronze tokens.

Members buy gold tokens for 10 cents each. Gold tokens are fully refundable in cash.

Silver tokens are given away as prizes. Members can also buy silver tokens in auctions at a discount. They have the same value as gold tokens, but they are not refundable in cash.

Members who don’t win an auction may have their gold tokens refunded with bronze tokens.

Bronze tokens are used only for bidding. They cannot be used for enrollment or refunded in cash.


Example of a Kyrano Auction

Mr. Able wants to by a car. He finds the car he wants at a local dealer, a Chevy Malibu with various options.

He comes to Kyrano.com and enrolls in an auction for the car he wants to buy.

Other members who want to buy a car also enroll in the auction.

Each one pays a small fee to enroll. When enough people are enrolled, the auction begins.


2012 Ford Explorer $29,280

2011 Ford Mustang $22,145

2012 Chevy Malibu $21,825

2012 Honda Accord $21,055

2011 Ford Taurus $25,170

20120 Honda Odyssey $26,805

$21,001 - $23,000 $25,001 - $30,000Mr. Able will bid on a Chevy Malibu for which the dealer is asking $21,825.

Selecting the car in our list starts the enrollment process for auction #33.

Ms. Baker is in the market for a car so she visits Kyrano.com and looks over the selection. She selects the Honda Accord from our list and is sent to the enrollment page of auction #33.

Dr. Davis decides to bid on the Ford Taurus. His selection is in a different price range so he is not sent to auction #33. His selection starts a new auction.

Example of an auction for a car

2012 Chevy Traverse $29,224


The enrollment on auction #33 is complete and bidding has started with a discount of $1,800.

When bidding starts, only the enrolled bidders can bid. New bidders are not admitted.

As bidding progresses the discount increases.

Mr. Able and Ms. Baker are each bidding in the same auction although each is bidding on a different car.

They see only their own product selection on their computer screen.





$21,001 - $23,000


Bidders are assigned an auction ID. Their user names are not shown.

This view belongs to Eagle6, who has 14 seconds to decide whether or not to bid.

Mr. Able sees a Chevy Malibu on his view, with the same discount.

No one knows when the Instant Winner button will become available or active.

Example of a bidding pane

Your auction ID is Eagle6

14


The discount in auction #33 is $4,700 with no winner. The next bid costs 40 tokens. Ms. Baker bids. Her timer is counting down from 9 seconds.

The Instant Winner discount of $4,380 is available and will become active when her timer gets to 5 seconds if someone doesn’t bid before then. Someone bids and restarts the timer.

Mr. Able bids and his timer runs down enough to make the Instant Winner discount accessible. Should he accept the smaller discount and stop the auction for a sure win, or wait for his timer to run to zero, or have another bidder stop it?





$21,001 - $23,000


The normal discount is $4,709. Mr. Able clicks on the Instant Winner button and wins a $4,396 discount.

Kyrano sends Mr. Able a check for $4,396 payable to the car dealer for a Chevy Malibu. Mr. Able buys the car he wants from the dealer.

Kyrano has a gross profit of $3,685. In some auctions the gross profit may be larger than the amount the bidder won.

Ms. Baker spent $29 on the auction, so the total cost of her car is $29 more than the dealer’s asking price.

Suppose that Kyrano has developed a sponsorship relationship with the car dealer. The dealer is willing to lower the price of the car to compensate Ms. Baker for her cost of bidding.





$21,001 - $23,000


How does Kyrano.com earn?

Members can bid on college tuition, credit card debt, a bundle of bidding tokens, a house, mortgage payments, or any product they want.

Whether members bid on a $400 TV, a $45,000 car, or a $200,000 mortgage, the winning bidder wins a reduction of the cost.Kyrano earns a gross margin

on every auction on which bidding starts without

investing in any inventory.


Additional income sources

Commissions on real estate auctions. Payments by merchants who want to list

their products. Sponsorships by companies whose

products are featured in our listings. Advertising.


Imagine this scenario

Suppose that Lowes hardware is a Kyrano sponsor. This week in the US, 100 people will buy a $600 Ryobi

cordless tool kit, about half from Home Depot and half from Lowes.

These 100 people bid on the tool kit at Kyrano.com spending an average of $10 each. Kyrano collects $1,000.

The winning bidder wins a discount of $400. We send him a $400 check payable to Lowes. He pays the balance of $200 for the tool kit. He got a bargain.

Each of 99 losing bidders gets a $20 discount coupon from Kyrano, good at Lowes for the purchase of the tool kit.

How many of the losing bidders will buy the tool kit from Home Depot?

Lowes gains 50 extra customers by offering a 3.3% discount.

Sponsoring a Kyrano auction can benefit merchants.


Benefits of sponsoring Kyrano.com

Sponsorship does not require paying a fee or making an investment.

A sponsor agrees to reimburse losing bidders their cost of bidding if they buy the sponsor’s product.

The sponsor gains new customers. Sponsorship can mean increased sales. Sponsorship makes bidding a riskless

activity. Everybody wins.


Profit potential

The profit potential is high. Simulations based on conservative, realistic

assumptions show that Kyrano can earn a reasonable amount of revenue on every auction.

Margins on product auctions can range from 3-5 percent to 300+ percent.

Kyrano does this without investing in any inventory. No other company offers auctions for discounts on

college tuition, credit card debt, mortgage debt, and other obligations.

Such auctions offer attractive terms to members, keep non-winners’ losses low, and still yield a good gross margin to the company.


Where Do We Stand Now?

Fully tested and operational software. ISP paid through 2013. Domain names paid.

Incorporated in Florida, annual corporate fee paid for 2012. Federal ID number obtained.

Bank account with Chase Bank. No debt. Merchant account accepts all credit cards. Corporate seal and records complete. Tax returns for 2011 filed. About 200 members registered as bidders.


Kyrano CorporationBalance Sheet

December 31, 2011

ASSETSCashOrganization costsSoftware license

Total Assets

LIABILITIESDue to SergeTotal liabilities

CAPITALCommon stock, $0.10 par value, 100 million sharesauthorized, 1 million shares issued and outstandingRetained earnings (deficit)Total capital

Total Liabilities and Capital

$ 11, 267 685 86,500

98,452

143 143

100,000 (1,691) 98,309

$ 98,452


Kyrano.com

Does the concept excite you? Can you believe in the concept? Can you contribute to its success? Are you innovative, energetic, and

eager to participate? If you can answer YES, Kyrano

Corporation may be for you.


What’s in it for you?

Kyrano is a ready-made startup with all the initial work already done.

You are offered ownership, management, and future potential at no cost to you.

Your investment is your skill and the time it takes you to take the company to the next step.

Your compensation is determined by you in your business plan.

The founder will not participate nor interfere in your management of the firm.


What’s in it for you?

Your business plan and how you implement it will determine your level of success.

The founder does not insist on a controlling equity interest.

This opportunity is not to be taken lightly. There is a lot of work to be done. The founder will act as chairman of the

board until you can establish a board of directors with independent outside members.

Time is a critical resource. Don’t waste it.


Kyrano needs people

Kyrano needs a solid, serious, capable management team.

Realistic compensation can be coupled with generous grants in the form of equity.

Your share of equity should be worth far more than a salary you might have earned in another job.

Whether this is realized depends on you and your team’s contribution to Kyrano’s success.


Disclaimer

There are no guarantees. Whether a management team can

be formed depends on the responses to the ad that brought you here.

You may not be selected as a team member.

This offer may be withdrawn if there is not sufficient response and participation.


Evaluate Your Situation

Do you have skills, talents, abilities, and willingness to work hard to benefit yourself and Kyrano Corporation?

Are you willing to work as a team member toward a mutual goal to make the company successful?

If you truly believe Kyrano Corporation is a great opportunity, your participation is invited.

This is a ground floor opportunity to become an entrepreneur in a ready-made start-up with no monetary investment.

Such an opportunity may not occur again in your lifetime.

Think carefully before you make your decision.


What’s the next step?

When this presentation ends, return to the Kyrano site and read: How it works About us Advice to Bidders FAQ

If you have any questions, use the Contact link to ask them.


What’s the next step?

In your cover letter state clearly that you have viewed the entire presentation and read the text at the four links.

Send your resume and cover letter as a PDF, Word, or WordPerfect file to

[email protected]

mailto:[email protected]


[email protected]

Thank you for your attention

Copyright © 2012 by Kyrano Corporation. [email protected]/9/2012 1 Click.

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Transcript of Copyright © 2012 by Kyrano Corporation. [email protected]/9/2012 1 Click.