I tap presentation - july 2014

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I-TAP, Inc. The premier developer and global leader of electronic draft beer dispensing systems to the facility management, hospitality beer dispensing systems to the facility management, hospitality and food service industries. Founder & President: John Osborne Phone: 813-810-0502 Email: [email protected] CFO: Terry Taylor Phone: 239-339-7903 Email: [email protected]

description

I tap presentation - july 2014

Transcript of I tap presentation - july 2014

Page 1: I tap presentation - july 2014

I-TAP, Inc.The premier developer and global leader of electronic draftbeer dispensing systems to the facility management, hospitalityand food service industries.

The premier developer and global leader of electronic draftbeer dispensing systems to the facility management, hospitalityand food service industries.

Founder & President: John OsbornePhone: 813-810-0502Email: [email protected]

CFO: Terry TaylorPhone: 239-339-7903Email: [email protected]

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The I-TAP Dispenser is constructedof materials engineered for the perfect pour.Neuron chips turn each dispenser into anintelligent node in the network.

Together these give you:• Pour counters• Keg level sensor and auto-reorder• Cooler, glycol and C02 monitors• Notifications and reports

Add your own Tap Handle

MultiplePour Sizes10 -12-24 oz.

Networkconnected

PRODUCT

The I-TAP Dispenser is constructedof materials engineered for the perfect pour.Neuron chips turn each dispenser into anintelligent node in the network.

Together these give you:• Pour counters• Keg level sensor and auto-reorder• Cooler, glycol and C02 monitors• Notifications and reports

Hands-Free Pour.Touch cup to bump-bar.Pours two cups simultaneously.8 second turn-around.

Other Benefits:

Auto On/Off - Security. No un-tapping ofkegs. Eliminates waste/labor. No operatorinfluence.

Patented Valve - Portion control each pour-reduced foam . Tamperproof. Eliminatesspillage/waste.

Turn-key Clean - Valve and beer line cleanedsimultaneously. No more removing and soakingmanual valves. Quality control.

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Beer Dispenser =Beer Dispenser =98%98% Keg YieldKeg Yield

TheThe II--TAPTAP beerbeer dispenserdispenser unitunit operatingoperating ononthethe proprietaryproprietary II--TAPTAP networknetwork isis aa highhighvolumevolume solutionsolution thatthat savessaves stadiumsstadiums andand arenasarenasmillionsmillions byby eliminatingeliminating pilferagepilferage andand reducingreducingwastewaste.. ItIt isis aa proprietaryproprietary draftdraft beerbeer dispenserdispenserthatthat producesproduces 9898%% kegkeg yieldyield withwith automatedautomatedcontrolledcontrolled pourspours..

Thus,Thus, onon average,average, thethe II--TAPTAP beerbeer dispensingdispensingsystemsystem reducesreduces productproduct costcost byby 2828%% onon draftdraftbeerbeer salessales..

MARKET OPPORTUNITY

TheThe II--TAPTAP beerbeer dispenserdispenser unitunit operatingoperating ononthethe proprietaryproprietary II--TAPTAP networknetwork isis aa highhighvolumevolume solutionsolution thatthat savessaves stadiumsstadiums andand arenasarenasmillionsmillions byby eliminatingeliminating pilferagepilferage andand reducingreducingwastewaste.. ItIt isis aa proprietaryproprietary draftdraft beerbeer dispenserdispenserthatthat producesproduces 9898%% kegkeg yieldyield withwith automatedautomatedcontrolledcontrolled pourspours..

Thus,Thus, onon average,average, thethe II--TAPTAP beerbeer dispensingdispensingsystemsystem reducesreduces productproduct costcost byby 2828%% onon draftdraftbeerbeer salessales..

70%

Average keg yieldat stadiums and

arenas is only

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TheThe II--TAPTAP dispenserdispenser unitunit seamlesslyseamlessly residesresides onon thethe II--TAPTAPnetworknetwork thatthat continuouslycontinuously surveyssurveys thethe entireentire beerbeer systemsystem ininanan easyeasy toto managemanage webweb interfaceinterface.. NoNo moremore frustratedfrustratedoperators,operators, managementmanagement oror customerscustomers.. ManualManual beerbeer valvesvalvesareare easilyeasily replacedreplaced withwith thethe electronicelectronic dispenserdispenser unit,unit, aahandshands--freefree solutionsolution thatthat pourspours aa prepre--setset portionportion controlledcontrolledamountamount ofof beerbeer intointo aa cupcup..

TheThe II--TAPTAP networknetwork trackstracks pourspours byby cup,cup, ounces,ounces, time,time,locationlocation andand brandbrand.. AsAs beerbeer isis dispensed,dispensed, thethe networknetworkcontinuouslycontinuously monitorsmonitors andand identifiesidentifies lowlow kegskegs andand COCO22pressurepressure andand redred--flagsflags themthem forfor attentionattention.. ItIt alsoalso monitorsmonitorscoolercooler temperaturestemperatures andand glycolglycol levelslevels toto assureassure properproperdeliverydelivery.. AtAt thethe endend ofof eacheach event,event, thethe networknetwork createscreatesreports,reports, automaticallyautomatically conductsconducts anan inventoryinventory andand reordersreorderskegskegs andand COCO22 canisterscanisters..

THE I-TAP NETWORK

TheThe II--TAPTAP networknetworkprovidesprovides thethe abilityability toto shutshutdowndown thethe entireentire systemsystem ininthethe seventhseventh inning,inning, thirdthirdperiodperiod oror wheneverwhenever isiscompliantcompliant withwith facilityfacilityrulesrules.. AutoAuto shutdownshutdown alsoalsoeliminateseliminates thethe wastewaste ofofemptyingemptying hundredshundreds ofof beerbeerlineslines thethe followingfollowing dayday..TheThe beerbeer staysstays coldcold andandreadyready toto pourpour forfor thethe nextnexteventevent..

TheThe II--TAPTAP dispenserdispenser unitunit seamlesslyseamlessly residesresides onon thethe II--TAPTAPnetworknetwork thatthat continuouslycontinuously surveyssurveys thethe entireentire beerbeer systemsystem ininanan easyeasy toto managemanage webweb interfaceinterface.. NoNo moremore frustratedfrustratedoperators,operators, managementmanagement oror customerscustomers.. ManualManual beerbeer valvesvalvesareare easilyeasily replacedreplaced withwith thethe electronicelectronic dispenserdispenser unit,unit, aahandshands--freefree solutionsolution thatthat pourspours aa prepre--setset portionportion controlledcontrolledamountamount ofof beerbeer intointo aa cupcup..

TheThe II--TAPTAP networknetwork trackstracks pourspours byby cup,cup, ounces,ounces, time,time,locationlocation andand brandbrand.. AsAs beerbeer isis dispensed,dispensed, thethe networknetworkcontinuouslycontinuously monitorsmonitors andand identifiesidentifies lowlow kegskegs andand COCO22pressurepressure andand redred--flagsflags themthem forfor attentionattention.. ItIt alsoalso monitorsmonitorscoolercooler temperaturestemperatures andand glycolglycol levelslevels toto assureassure properproperdeliverydelivery.. AtAt thethe endend ofof eacheach event,event, thethe networknetwork createscreatesreports,reports, automaticallyautomatically conductsconducts anan inventoryinventory andand reordersreorderskegskegs andand COCO22 canisterscanisters..

TheThe II--TAPTAP networknetworkprovidesprovides thethe abilityability toto shutshutdowndown thethe entireentire systemsystem ininthethe seventhseventh inning,inning, thirdthirdperiodperiod oror wheneverwhenever isiscompliantcompliant withwith facilityfacilityrulesrules.. AutoAuto shutdownshutdown alsoalsoeliminateseliminates thethe wastewaste ofofemptyingemptying hundredshundreds ofof beerbeerlineslines thethe followingfollowing dayday..TheThe beerbeer staysstays coldcold andandreadyready toto pourpour forfor thethe nextnexteventevent..

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Innovative pressure sensor with proprietary software that can accurately track fluids by pour,Innovative pressure sensor with proprietary software that can accurately track fluids by pour,dispenser, ounces, cups, location and time, while monitoring fluid temperatures, coolerdispenser, ounces, cups, location and time, while monitoring fluid temperatures, coolertemperatures, co2 pressure and glycol temperatures in real time, in addition to providingtemperatures, co2 pressure and glycol temperatures in real time, in addition to providinginventory control and merchandise order entry.inventory control and merchandise order entry.

Produces significantly higher yields with portion control dispensing by reducing waste andProduces significantly higher yields with portion control dispensing by reducing waste andidentifying/eliminating pilferage.identifying/eliminating pilferage.

Hands free operation allows operator to pour two cups simultaneously expediting turn aroundHands free operation allows operator to pour two cups simultaneously expediting turn aroundand getting patrons back to events faster. Cuts transaction time in half and allows operator toand getting patrons back to events faster. Cuts transaction time in half and allows operator tofocus on payment.focus on payment.

Systems management automatically shuts off kegs preventing them from blowing the line. ASystems management automatically shuts off kegs preventing them from blowing the line. Atypical facility loses 12typical facility loses 12--15 cups of beer every time a line blows. A typical stadium has 300 beer15 cups of beer every time a line blows. A typical stadium has 300 beerlines.lines.

Systems management also shuts down the entire operation at a predetermined timeSystems management also shuts down the entire operation at a predetermined timeeliminating the need for operators to deal with unhappy or unruly customers.eliminating the need for operators to deal with unhappy or unruly customers.

VALUE PROPOSITION

Innovative pressure sensor with proprietary software that can accurately track fluids by pour,Innovative pressure sensor with proprietary software that can accurately track fluids by pour,dispenser, ounces, cups, location and time, while monitoring fluid temperatures, coolerdispenser, ounces, cups, location and time, while monitoring fluid temperatures, coolertemperatures, co2 pressure and glycol temperatures in real time, in addition to providingtemperatures, co2 pressure and glycol temperatures in real time, in addition to providinginventory control and merchandise order entry.inventory control and merchandise order entry.

Produces significantly higher yields with portion control dispensing by reducing waste andProduces significantly higher yields with portion control dispensing by reducing waste andidentifying/eliminating pilferage.identifying/eliminating pilferage.

Hands free operation allows operator to pour two cups simultaneously expediting turn aroundHands free operation allows operator to pour two cups simultaneously expediting turn aroundand getting patrons back to events faster. Cuts transaction time in half and allows operator toand getting patrons back to events faster. Cuts transaction time in half and allows operator tofocus on payment.focus on payment.

Systems management automatically shuts off kegs preventing them from blowing the line. ASystems management automatically shuts off kegs preventing them from blowing the line. Atypical facility loses 12typical facility loses 12--15 cups of beer every time a line blows. A typical stadium has 300 beer15 cups of beer every time a line blows. A typical stadium has 300 beerlines.lines.

Systems management also shuts down the entire operation at a predetermined timeSystems management also shuts down the entire operation at a predetermined timeeliminating the need for operators to deal with unhappy or unruly customers.eliminating the need for operators to deal with unhappy or unruly customers.

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Concession operations for stadiums and arenaConcession operations for stadiums and arenafacilities: global market of 7,000 venuesfacilities: global market of 7,000 venues

Restaurants/bars: U.S. market in excess of 1 millionRestaurants/bars: U.S. market in excess of 1 millionestablishmentsestablishments

Hotel/resorts: U.S. market has more than 50,000Hotel/resorts: U.S. market has more than 50,000locationslocations

Raceways/tracks and anywhere draft beer is sold.Raceways/tracks and anywhere draft beer is sold.

TARGET MARKET

Concession operations for stadiums and arenaConcession operations for stadiums and arenafacilities: global market of 7,000 venuesfacilities: global market of 7,000 venues

Restaurants/bars: U.S. market in excess of 1 millionRestaurants/bars: U.S. market in excess of 1 millionestablishmentsestablishments

Hotel/resorts: U.S. market has more than 50,000Hotel/resorts: U.S. market has more than 50,000locationslocations

Raceways/tracks and anywhere draft beer is sold.Raceways/tracks and anywhere draft beer is sold.

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Current CustomerCurrent Customer

TheThe Company’sCompany’s initialinitial salesale waswas toto DelawareDelaware NorthNorth forfor II--TAPTAP dispensersdispensers toto bebe installedinstalled inin TDTDGardenGarden (home(home ofof thethe BostonBoston CelticsCeltics && BostonBoston Bruins)Bruins).. DelawareDelaware NorthNorth isis thethe 22ndnd largestlargestconcessionsconcessions operatoroperator inin thethe UnitedUnited StatesStates generatinggenerating moremore thanthan $$22 billionbillion inin annualannual revenuerevenueandand hashas thethe abilityability toto generategenerate inin excessexcess ofof $$2727 millionmillion ofof grossgross revenuerevenue forfor II--TAPTAP..

Customer Test InstallationCustomer Test Installation

WeWe areare inin discussionsdiscussions withwith LegendsLegends toto conductconduct aa testtest installationinstallation ofof thethe II--TAPTAP beerbeerdispensingdispensing systemsystem atat theirtheir minorminor leagueleague ballparkballpark inin WinstonWinston--Salem,Salem, NorthNorth CarolinaCarolina.. LegendsLegendsisis ownedowned byby thethe DallasDallas CowboysCowboys andand NewNew YorkYork YankeesYankees andand hashas thethe concessionconcession operationsoperations atatseveralseveral highhigh profileprofile facilitiesfacilities includingincluding YankeeYankee Stadium,Stadium, CowboysCowboys StadiumStadium andand thethe RoseRose BowlBowl..ThisThis testtest isis beingbeing arrangedarranged atat thethe executiveexecutive levellevel withinwithin LegendsLegends inin coordinationcoordination withwith onsiteonsitemanagementmanagement inin WinstonWinston--SalemSalem..

CUSTOMERS

Current CustomerCurrent Customer

TheThe Company’sCompany’s initialinitial salesale waswas toto DelawareDelaware NorthNorth forfor II--TAPTAP dispensersdispensers toto bebe installedinstalled inin TDTDGardenGarden (home(home ofof thethe BostonBoston CelticsCeltics && BostonBoston Bruins)Bruins).. DelawareDelaware NorthNorth isis thethe 22ndnd largestlargestconcessionsconcessions operatoroperator inin thethe UnitedUnited StatesStates generatinggenerating moremore thanthan $$22 billionbillion inin annualannual revenuerevenueandand hashas thethe abilityability toto generategenerate inin excessexcess ofof $$2727 millionmillion ofof grossgross revenuerevenue forfor II--TAPTAP..

Customer Test InstallationCustomer Test Installation

WeWe areare inin discussionsdiscussions withwith LegendsLegends toto conductconduct aa testtest installationinstallation ofof thethe II--TAPTAP beerbeerdispensingdispensing systemsystem atat theirtheir minorminor leagueleague ballparkballpark inin WinstonWinston--Salem,Salem, NorthNorth CarolinaCarolina.. LegendsLegendsisis ownedowned byby thethe DallasDallas CowboysCowboys andand NewNew YorkYork YankeesYankees andand hashas thethe concessionconcession operationsoperations atatseveralseveral highhigh profileprofile facilitiesfacilities includingincluding YankeeYankee Stadium,Stadium, CowboysCowboys StadiumStadium andand thethe RoseRose BowlBowl..ThisThis testtest isis beingbeing arrangedarranged atat thethe executiveexecutive levellevel withinwithin LegendsLegends inin coordinationcoordination withwith onsiteonsitemanagementmanagement inin WinstonWinston--SalemSalem..

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EstimatedAverage Estimated Estimated

Taps Estimated Price TotalEstimated per Total Per PotentialLocations Location Taps Tap Sales Client Type

Buffalo Wild Wings 891 25 22,275 1,495$ 33,301,125$ Restaurant ChainDelaware North 84 250 21,000 1,295$ 27,195,000 Food & Beverage Concession OperatorBloomin' Brands (Outback et al) 1,450 10 14,500 1,495$ 21,677,500 Restaurant ChainCenterplate 53 250 13,250 1,295$ 17,158,750 Food & Beverage Concession OperatorHooters 590 16 9,440 1,495$ 14,112,800 Restaurant ChainInterstate Hotels & Resorts 220 40 8,800 1,495$ 13,156,000 Hotel & Resort ChainBeef O'Brady's 210 16 3,360 1,495$ 5,023,200 Restaurant ChainInternational Speedway Corporation (ISC) 13 250 3,250 1,495$ 4,858,750 Racetrack OwnersLegends 15 180 2,700 1,495$ 4,036,500 Food & Beverage Concession OperatorWorld of Beer 27 41 1,107 1,495$ 1,654,965 Restaurant ChainTwin Peaks 49 22 1,078 1,495$ 1,611,610 Restaurant ChainHarrah’s 16 50 800 1,495$ 1,196,000 Hotel & Resort ChainDave & Busters 64 8 512 1,495$ 765,440 Restaurant ChainMGM Grand Las Vegas 1 300 300 1,495$ 448,500 Hotel & ResortWestgate Resorts 23 12 276 1,495$ 412,620 Resort Chain

3,706 102,648 146,608,760$

Sales PipelineEstimatedAverage Estimated Estimated

Taps Estimated Price TotalEstimated per Total Per PotentialLocations Location Taps Tap Sales Client Type

Buffalo Wild Wings 891 25 22,275 1,495$ 33,301,125$ Restaurant ChainDelaware North 84 250 21,000 1,295$ 27,195,000 Food & Beverage Concession OperatorBloomin' Brands (Outback et al) 1,450 10 14,500 1,495$ 21,677,500 Restaurant ChainCenterplate 53 250 13,250 1,295$ 17,158,750 Food & Beverage Concession OperatorHooters 590 16 9,440 1,495$ 14,112,800 Restaurant ChainInterstate Hotels & Resorts 220 40 8,800 1,495$ 13,156,000 Hotel & Resort ChainBeef O'Brady's 210 16 3,360 1,495$ 5,023,200 Restaurant ChainInternational Speedway Corporation (ISC) 13 250 3,250 1,495$ 4,858,750 Racetrack OwnersLegends 15 180 2,700 1,495$ 4,036,500 Food & Beverage Concession OperatorWorld of Beer 27 41 1,107 1,495$ 1,654,965 Restaurant ChainTwin Peaks 49 22 1,078 1,495$ 1,611,610 Restaurant ChainHarrah’s 16 50 800 1,495$ 1,196,000 Hotel & Resort ChainDave & Busters 64 8 512 1,495$ 765,440 Restaurant ChainMGM Grand Las Vegas 1 300 300 1,495$ 448,500 Hotel & ResortWestgate Resorts 23 12 276 1,495$ 412,620 Resort Chain

3,706 102,648 146,608,760$

Sales Pipeline

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InIn 20122012,, USUS brewersbrewers producedproduced 568568..99 millionmillion gallonsgallons ofof draftdraft beerbeer andand 7575..66millionmillion gallonsgallons ofof draftdraft beerbeer werewere importedimported intointo thethe USUS combiningcombining forfor ananaggregateaggregate 644644..55 gallonsgallons ofof draftdraft beerbeer eithereither producedproduced oror importedimported inin thethe USUS..

FromFrom 20022002 throughthrough 20122012,, draftdraft beerbeer withinwithin thethe USUS grewgrew fromfrom 99%% ofof thethe totaltotaldomesticdomestic beerbeer marketmarket toto 1010%% ofof thethe totaltotal beerbeer marketmarket andand draftdraft beerbeer volumesvolumesgrewgrew byby aa 11..22%% CompoundCompound AnnualAnnual GrowthGrowth RateRate overover thisthis periodperiod ofof timetime..

576576,,000000 establishmentsestablishments soldsold beerbeer inin 20122012,, ofof which,which, 355355,,000000 werewere onon premisepremiselocationslocations inclusiveinclusive ofof bars,bars, taverns,taverns, restaurants,restaurants, concessionsconcessions andand militarymilitary barsbars..

TotalTotal USUS retailretail beerbeer businessbusiness waswas $$104104 billionbillion dollarsdollars inin 20122012,, ofof which,which, 5555%%ofof thethe retailretail dollarsdollars werewere attributableattributable toto thethe onon premisepremise locationslocations..

MARKET (Source: Beer Institute Research, Draft Beer Industry Update, 2012)

InIn 20122012,, USUS brewersbrewers producedproduced 568568..99 millionmillion gallonsgallons ofof draftdraft beerbeer andand 7575..66millionmillion gallonsgallons ofof draftdraft beerbeer werewere importedimported intointo thethe USUS combiningcombining forfor ananaggregateaggregate 644644..55 gallonsgallons ofof draftdraft beerbeer eithereither producedproduced oror importedimported inin thethe USUS..

FromFrom 20022002 throughthrough 20122012,, draftdraft beerbeer withinwithin thethe USUS grewgrew fromfrom 99%% ofof thethe totaltotaldomesticdomestic beerbeer marketmarket toto 1010%% ofof thethe totaltotal beerbeer marketmarket andand draftdraft beerbeer volumesvolumesgrewgrew byby aa 11..22%% CompoundCompound AnnualAnnual GrowthGrowth RateRate overover thisthis periodperiod ofof timetime..

576576,,000000 establishmentsestablishments soldsold beerbeer inin 20122012,, ofof which,which, 355355,,000000 werewere onon premisepremiselocationslocations inclusiveinclusive ofof bars,bars, taverns,taverns, restaurants,restaurants, concessionsconcessions andand militarymilitary barsbars..

TotalTotal USUS retailretail beerbeer businessbusiness waswas $$104104 billionbillion dollarsdollars inin 20122012,, ofof which,which, 5555%%ofof thethe retailretail dollarsdollars werewere attributableattributable toto thethe onon premisepremise locationslocations..

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GENERATE RECURRING REVENUE

InIn additionaddition toto oneone timetime salessales ofof ourour beerbeer dispensingdispensing system,system, ourour goalgoalisis toto alsoalso generategenerate recurringrecurring revenuerevenue.. WeWe planplan toto offeroffer serviceservice plansplansandand datadata reportingreporting packagespackages toto enhanceenhance ourour clients’clients’ systemssystems andand fromfromwhichwhich thethe CompanyCompany wouldwould derivederive recurringrecurring monthlymonthly revenuerevenue.. InInaddition,addition, wewe intendintend toto offeroffer clientsclients aa monthlymonthly leaselease paymentpayment modelmodelforfor theirtheir beerbeer dispensingdispensing systemsystem purchasespurchases asas anan alternativealternative toto fullfullpaymentpayment upfrontupfront forfor theirtheir purchasepurchase..

GENERATE RECURRING REVENUE

InIn additionaddition toto oneone timetime salessales ofof ourour beerbeer dispensingdispensing system,system, ourour goalgoalisis toto alsoalso generategenerate recurringrecurring revenuerevenue.. WeWe planplan toto offeroffer serviceservice plansplansandand datadata reportingreporting packagespackages toto enhanceenhance ourour clients’clients’ systemssystems andand fromfromwhichwhich thethe CompanyCompany wouldwould derivederive recurringrecurring monthlymonthly revenuerevenue.. InInaddition,addition, wewe intendintend toto offeroffer clientsclients aa monthlymonthly leaselease paymentpayment modelmodelforfor theirtheir beerbeer dispensingdispensing systemsystem purchasespurchases asas anan alternativealternative toto fullfullpaymentpayment upfrontupfront forfor theirtheir purchasepurchase..

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WeWe expectexpect toto launchlaunch newnew productsproducts designeddesigned toto increaseincreaserevenuerevenue includingincluding aa “Beer“Beer Pass"Pass" consistingconsisting ofof aa smartsmart chipchiponon aa cardcard oror keykey fobfob thatthat wouldwould enableenable consumersconsumers toto prepayprepayforfor beerbeer purchasespurchases viavia cashlesscashless vendingvending acquiredacquired withwith seasonseasonticketstickets oror fromfrom stadiumstadium kioskskiosks.. TheThe BeerBeer PassPass wouldwouldfacilitatefacilitate fast,fast, convenientconvenient andand unattendedunattended--pointpoint--ofof--salesale beerbeerpurchasespurchases fromfrom aa “Beer“Beer Wall”Wall”;; customerscustomers withwith thethe BeerBeer PassPasswouldwould enterenter aa turnstileturnstile toto thethe BeerBeer Wall,Wall, swipeswipe theirtheir cardcard ororkeykey fobfob andand pourpour theirtheir ownown beerbeer..

Speed,Speed, funfun andand convenienceconvenience translatetranslate intointo moremore revenuerevenue andandhigherhigher customercustomer acquisitionacquisition andand retentionretention..InIn addition,addition, consumersconsumers oftenoften dodo notnot fullyfully utilizeutilize useuse prepaidprepaidpurchasespurchases (i(i..ee.. giftgift cardscards thatthat getget forgotten,forgotten, lostlost oror notnot fullyfullyused)used);; thus,thus, furtherfurther reducingreducing productproduct costcost..

I-TAP SMART CHIP & ( UPOS ) BEER WALLEnter turnstile to Beer Wall,

swipe card and pour beer.Cashless System

No Operator Needed100's of Brands Available

No Waiting!Eliminate Waste and PilferageProvides 100% Accountability

EZ-access

WeWe expectexpect toto launchlaunch newnew productsproducts designeddesigned toto increaseincreaserevenuerevenue includingincluding aa “Beer“Beer Pass"Pass" consistingconsisting ofof aa smartsmart chipchiponon aa cardcard oror keykey fobfob thatthat wouldwould enableenable consumersconsumers toto prepayprepayforfor beerbeer purchasespurchases viavia cashlesscashless vendingvending acquiredacquired withwith seasonseasonticketstickets oror fromfrom stadiumstadium kioskskiosks.. TheThe BeerBeer PassPass wouldwouldfacilitatefacilitate fast,fast, convenientconvenient andand unattendedunattended--pointpoint--ofof--salesale beerbeerpurchasespurchases fromfrom aa “Beer“Beer Wall”Wall”;; customerscustomers withwith thethe BeerBeer PassPasswouldwould enterenter aa turnstileturnstile toto thethe BeerBeer Wall,Wall, swipeswipe theirtheir cardcard ororkeykey fobfob andand pourpour theirtheir ownown beerbeer..

Speed,Speed, funfun andand convenienceconvenience translatetranslate intointo moremore revenuerevenue andandhigherhigher customercustomer acquisitionacquisition andand retentionretention..InIn addition,addition, consumersconsumers oftenoften dodo notnot fullyfully utilizeutilize useuse prepaidprepaidpurchasespurchases (i(i..ee.. giftgift cardscards thatthat getget forgotten,forgotten, lostlost oror notnot fullyfullyused)used);; thus,thus, furtherfurther reducingreducing productproduct costcost..

Enter turnstile to Beer Wall,swipe card and pour beer.

Cashless SystemNo Operator Needed

100's of Brands AvailableNo Waiting!

Eliminate Waste and PilferageProvides 100% Accountability

EZ-access

Increased Revenue

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JohnJohn OsborneOsborne hashas servedserved asas II--TAP’sTAP’s ChiefChief ExecutiveExecutive OfficerOfficer andand ChairmanChairman ofof thethe BoardBoard sincesince inceptioninception ononJuneJune 77,, 20132013.. HeHe servedserved asas PresidentPresident andand ChairmanChairman ofof thethe BoardBoard forfor OzCorpOzCorp TechnologiesTechnologies fromfrom NovemberNovember77,, 20052005 throughthrough JuneJune 66,, 20132013.. MrMr.. OsborneOsborne hashas beenbeen developingdeveloping electronicelectronic beerbeer dispensingdispensing systemssystems forforoverover twentytwenty years,years, isis thethe founderfounder ofof thethe CompanyCompany andand hashas anan establishedestablished tracktrack recordrecord ofof successsuccess ininmanagingmanaging earlyearly stagestage andand growinggrowing businessesbusinesses coupledcoupled withwith anan extensiveextensive knowledgeknowledge ofof thethe highhigh volumevolumedraftdraft beerbeer dispensingdispensing industryindustry.. HisHis earlierearlier systemssystems "Taps""Taps" andand "Taps"Taps 20002000"" dispenseddispensed beerbeer atat suchsuch notablenotablefacilitiesfacilities asas thethe oldold ChicagoChicago Stadium,Stadium, thethe GeorgiaGeorgia DomeDome forfor thethe OlympicsOlympics andand thethe newnew UnitedUnited CenterCenter asasMichaelMichael JordanJordan litlit upup thethe courtcourt forfor sixsix championshipschampionships..

TerryTerry TaylorTaylor hashas servedserved asas II--TAP’sTAP’s ChiefChief FinancialFinancial OfficerOfficer sincesince inceptioninception onon JuneJune 77,, 20132013.. FromFromSeptemberSeptember 20122012 throughthrough MayMay 20132013,, MrMr.. TaylorTaylor providedprovided consultingconsulting servicesservices specializingspecializing inin assistingassisting earlyearlystagestage companiescompanies withwith accountingaccounting andand financialfinancial servicesservices.. HeHe servedserved asas ViceVice PresidentPresident ofof CorporateCorporateDevelopmentDevelopment andand TreasurerTreasurer ofof SavtiraSavtira CorporationCorporation fromfrom NovemberNovember 20102010 throughthrough JulyJuly 20122012.. FromFrom OctoberOctober20082008 throughthrough AprilApril 20102010,, MrMr.. TaylorTaylor servedserved asas ControllerController andand TreasurerTreasurer forfor GameStreamer,GameStreamer, IncInc.. From,From,NovemberNovember 20032003 throughthrough SeptemberSeptember 20082008,, hehe servedserved inin variousvarious capacitiescapacities forfor PhantomPhantom Entertainment,Entertainment, IncInc..inclusiveinclusive ofof consultant,consultant, Controller,Controller, TreasurerTreasurer andand InterimInterim ChiefChief FinancialFinancial OfficerOfficer.. FromFrom JuneJune 19991999throughthrough OctoberOctober 20032003,, MrMr.. TaylorTaylor servedserved asas ControllerController andand FinancialFinancial ReportingReporting ManagerManager forfor WirelessWireless OneOneNetworkNetwork.. MrMr.. TaylorTaylor receivedreceived aa BBABBA inin accountingaccounting fromfrom thethe UniversityUniversity ofof CincinnatiCincinnati..

MANAGEMENT

JohnJohn OsborneOsborne hashas servedserved asas II--TAP’sTAP’s ChiefChief ExecutiveExecutive OfficerOfficer andand ChairmanChairman ofof thethe BoardBoard sincesince inceptioninception ononJuneJune 77,, 20132013.. HeHe servedserved asas PresidentPresident andand ChairmanChairman ofof thethe BoardBoard forfor OzCorpOzCorp TechnologiesTechnologies fromfrom NovemberNovember77,, 20052005 throughthrough JuneJune 66,, 20132013.. MrMr.. OsborneOsborne hashas beenbeen developingdeveloping electronicelectronic beerbeer dispensingdispensing systemssystems forforoverover twentytwenty years,years, isis thethe founderfounder ofof thethe CompanyCompany andand hashas anan establishedestablished tracktrack recordrecord ofof successsuccess ininmanagingmanaging earlyearly stagestage andand growinggrowing businessesbusinesses coupledcoupled withwith anan extensiveextensive knowledgeknowledge ofof thethe highhigh volumevolumedraftdraft beerbeer dispensingdispensing industryindustry.. HisHis earlierearlier systemssystems "Taps""Taps" andand "Taps"Taps 20002000"" dispenseddispensed beerbeer atat suchsuch notablenotablefacilitiesfacilities asas thethe oldold ChicagoChicago Stadium,Stadium, thethe GeorgiaGeorgia DomeDome forfor thethe OlympicsOlympics andand thethe newnew UnitedUnited CenterCenter asasMichaelMichael JordanJordan litlit upup thethe courtcourt forfor sixsix championshipschampionships..

TerryTerry TaylorTaylor hashas servedserved asas II--TAP’sTAP’s ChiefChief FinancialFinancial OfficerOfficer sincesince inceptioninception onon JuneJune 77,, 20132013.. FromFromSeptemberSeptember 20122012 throughthrough MayMay 20132013,, MrMr.. TaylorTaylor providedprovided consultingconsulting servicesservices specializingspecializing inin assistingassisting earlyearlystagestage companiescompanies withwith accountingaccounting andand financialfinancial servicesservices.. HeHe servedserved asas ViceVice PresidentPresident ofof CorporateCorporateDevelopmentDevelopment andand TreasurerTreasurer ofof SavtiraSavtira CorporationCorporation fromfrom NovemberNovember 20102010 throughthrough JulyJuly 20122012.. FromFrom OctoberOctober20082008 throughthrough AprilApril 20102010,, MrMr.. TaylorTaylor servedserved asas ControllerController andand TreasurerTreasurer forfor GameStreamer,GameStreamer, IncInc.. From,From,NovemberNovember 20032003 throughthrough SeptemberSeptember 20082008,, hehe servedserved inin variousvarious capacitiescapacities forfor PhantomPhantom Entertainment,Entertainment, IncInc..inclusiveinclusive ofof consultant,consultant, Controller,Controller, TreasurerTreasurer andand InterimInterim ChiefChief FinancialFinancial OfficerOfficer.. FromFrom JuneJune 19991999throughthrough OctoberOctober 20032003,, MrMr.. TaylorTaylor servedserved asas ControllerController andand FinancialFinancial ReportingReporting ManagerManager forfor WirelessWireless OneOneNetworkNetwork.. MrMr.. TaylorTaylor receivedreceived aa BBABBA inin accountingaccounting fromfrom thethe UniversityUniversity ofof CincinnatiCincinnati..

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