| Notes |
Operational
During the year, the Company continued to expand its product offering within its KNeoWORLD Games
Portal in both broader regions and platforms including web, iOS, Android and direct carrier billing in
multiple languages. As a result of the geographical expansion, the Company now has a footprint in China,
SE Asia and Australia.
In addition, the Company continues to focus on strengthening its management team with technical
resources to better position the Group to achieve its business objectives. In February 2015, Mr Frank
Lieberman was appointed an Executive Director of KNeoMedia. Mr Lieberman had been providing
consulting services to the Company’s US subsidiary, KNeoWORLD Inc., and he and his team are the
driving force behind Parent Teacher Association (PTA) fund-raising revenue model as well as the
Foundation funded revenue model. The Foundation funded revenue model involves corporate,
government and private Foundations providing funds for students of less affluent schools to adopt
education programs including KNeoWORLD’s Games Based Learning program.
Mr Carlo Spicola was appointed Senior Producer of KNeoWORLD in March 2015. Mr. Spicola has had a
distinguished career in digital media technologies and application development, and has held roles which
include Multi-media manager and content producer for Nickelodeon’s Nick Online group. Since his
appointment in March 2015, Mr. Spicola has, with the benefit of his expertise, furthered KNeoWORLD’s development and commercialisation, and continues to actively harness and pursue the potential
commercial opportunity available to the Company to achieve revenue across a broad number of sales.
As a result of these New York based senior appointments, and to better position itself to interact with its
New York educational marketing initiatives, the Company relocated its US operations from San Francisco
to New York in May 2015.
A further major operational initiative undertaken by the Group during the year was the March out-sourcing
of web and application product development to Blastoff of Goa, India, a company that specialises in crossplatform mobile applications. Mr. Indrajit Chowdhury, the founder of Blastoff, has had many years’
experience in web application development, first at Nickelodeon and then in New York and India. He has
spent more than 10 years architecting and building software-as-a-service ecommerce and content
management systems. Mr. Chowdhury has worked with Mr. Spicola over a number of years to
successfully commercialise web and Apps based products. A Blastoff partner, Mr. Rakesh Kamat, will coordinate the centralized development activities. Mr. Kamat has 15 years’ of experience in enterprise
software development and has worked with some of the leading information technology companies in
devising and delivering IT strategies. Mr. Kamat will act as Chief Technology Officer at KNeoWORLD and
will drive KNeoWORLD’s technology strategy to continue to deliver innovative products. |