TenderSys.
Com:
Executive
Summa_.
Contact: Prabhat Garg Address: 6704 Tomlinson Terrace, Cabin John, Maryland-20818 Phone: 301-461-3838 Fax: 301-263-9112 Email: Prabhatg@TenderSys. Com Web Address: www. TenderSys. Com
Management: CEO: Prabhat Garg, MBA VP Sale/Mktg: Sandeep Jain, MBA VP Software Development." Samir Khuller, Ph.D. VP International Operations: Pradeep Kumar, B.S. Engineering Industry: Internet software Number of Employees: 6part-time Amount of Financing Sought: $5 million in the first round Current Investors Personal Funds Use of Funds: Software development, marketingsale and distribution
Business Description: The-first web-based lnformation System to support and facilitate over $100 billion/yr worth of global procurement of goods and services (Business to Business and Business to Government) with proprietary information. Company Background: TenderSys would be the on-line operation of an international marketing firm, KUPS. Based in USA, this firm has established an international network of associates to assist manufacturers in several countries in participating in global competition for large pubic and private sector contracts. In this marketplace, the key buyers are United Nations, international aid programs of western countries, multinational companies, and the governments of various countries," the key suppliers are large and medium size manufacturers and traders all around the world.
Management: Prabhat Garg: 20 yrs expertence of managing international competitive contracts; Sandeep Jain: 15 yrs experience of international marketing; Dr.Samir Khuller: 10 yrs experience as a professor of computer science and software consultant," Pradeep Kumar: 20 yrs experience of managing public sector contracts. Products/Services: TenderSys will be the-first company to offer consolidated information on these global business opportunities, called tenders. It will use its international network to gather the data, consolidate the information, and offer it to its clients worldwide. The service will include information on open tenders, historical information on past tenders, advance information on upcoming tenders, and assistance in participating in the tenders. In addition to a subscription fee, consulting fee, and advertising revenue, TenderSys will earn a transaction fee on selected tenders. Technologies/Special Know-how: A management team with over 20 years of experience in the marketplace," an already established international network; already proven demand for the information services; -first mover advantage. Efforts are underway to secure process patent for the technology and its application. Markets: In the current marketplace, large companies track tenders through personal contacts, various web sites, newspaper announcements, and dedicated staff" there is no single source of information. Therefore, access to information is difficult and costly. Opportunities are further limited by the fact that most contract awards require international infrastructure and skills to operate internationally. TenderSys will change the landscape by providing consolidated, timely information and by offering the suppliers its own international infrastructure and the skill base. Our current key clients include the University of Virginia, United Nations, Daewoo Corporation of Korea, and Qingdao Latex of China. Distribution Channels: International network of marketing agents will be used for direct marketing to large international companies; mass mailing and direct sales to medium size companies. Competition: International tenders, Some tendering sources such as UN, USAID, and European Union have recently started web sites for tender announcements on their own tenders; still no consolidated source. Most small companies rely on public information, which is limited and often arrives too late; large companies track tenders with dedicated staff. Domestic tenders. Recent web sites in few western countries provide information on domestic tenders; none in developing countries. TenderSys will provide consolidated info on both domestic and international tenders in several countries. Financial Projections (Unaudited): (Dollars in thousands) 2000 2001 Revenue: $3,800 $18,300 EBIT: ($1,800) $4,500 2002 $36,300 $15,300 2003 $72,500 $32,200 2004 $145,000 $ 67,000
EXECUTIVE SUMMARY