Northcore Technologies Inc.
TSX : NTI
northcore.com
Forward Looking Statement
• The information set forth herein contains statements concerning future results, future performance, intentions, objectives, plans and expectations that are, or may be deemed to be, forward-looking statements. These statements concerning possible or assumed future results of operations of Northcore Technologies Inc. (NTI) or the Company are preceded by, followed by or include the words ‘believes,’ ‘expects,’ ‘anticipates,’ ‘estimates,’ ‘intends,’ ‘plans,’ ‘forecasts,’ or similar expressions. Forward-looking statements are not guarantees of future performance. These forward-Forward-looking statements are based on current expectations that involve numerous risks and uncertainties, including, but not limited to, those identified in the Risks Factors section. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate. These factors should be considered carefully, and readers should not place undue reliance on forward-looking statements. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether written or oral that may be made by or on the Company's behalf.
• L'information contenue aux présentes contient des déclarations concernant les résultats futurs, le rendement futur, les intentions, les objectifs, les plans et les attentes qui sont, ou peuvent être considérées comme des déclarations prospectives. Ces déclarations concernant les résultats probables ou d'exploitation futurs de Northcore Technologies Inc (NTI) ou la Société sont précédés, suivis par ou inclure les mots «croit», «s'attend à», «anticipe», «estime», «entend, »« plans »,« prévisions », ou autres expressions similaires. Les énoncés prospectifs ne sont pas garants du rendement futur. Ces énoncés prospectifs sont fondés sur les attentes actuelles qui impliquent de nombreux risques et incertitudes, y compris, mais sans s'y limiter, ceux identifiés dans la section Facteurs de Risques. Hypothèses relatives à ce qui précède, impliquent des jugements en ce qui concerne, entre autres choses, les futures conditions économiques et concurrentielles du marché et les décisions d'affaires futures, qui sont tous difficiles ou impossibles à prévoir avec précision et dont un grand nombre qui sous-tend les déclarations prospectives sont raisonnables, l'une des hypothèses pourraient s'avérer inexactes. Ces facteurs devraient être examinés avec soin et les lecteurs ne devraient pas se fier indûment aux énoncés prospectifs. La Société n'a pas l'intention et n'assume aucune obligation de mettre à jour ou de réviser les énoncés prospectifs, que ce soit écrite ou orale qui peut être faite par ou au nom de la Société.
About Northcore
Northcore Technologies provides enterprise level software products and services that enable its customers to purchase, manage and liquidate corporate assets. Utilizing award-winning, multi-patented technology, as well as powerful, holistic Social Commerce tools, Northcore's solutions support customers throughout the entire lifecycle.
Northcore's portfolio companies include Envision Online Media Inc., a specialist in the delivery of content management solutions and Kuklamoo.com a family web destination and national deal site.
Northcore owns 50 percent of GE Asset Manager, LLC, a joint business venture with GE and holds a substantial intellectual property portfolio.
Investment Highlights
• Strategically positioned for growth in Social Commerce and Enterprise with strong underlying technology and robust initial offerings
• Desirable intellectual property portfolio with broad application in high value domains • Leadership team experienced in technology development and growing companies
organically and through M&A
• Strong balance sheet in place to execute on the growth plan
History
1995: Internet Liquidators Inc. Founded 1998: Received listing on TSE (Symbol: "ILI”)
1998: Name changed to Bid.Com International 1999: Received listing on NASDAQ (Symbol:
“BIDS”)
1999: Received Dutch Auction process patent
2001: Acquired ADB Systemer ASA
2001: Company renamed ADB Systems 2006: Sold ADB Systems
2006: Company renamed Northcore
Technologies Inc.
2011: Refocus on Enterprise - IP - Social
The New Northcore
NTI’s business is focused on expansion within the Enterprise software market, monetization of its IP portfolio and the aggressive deployment of the Social Commerce product suite Business development and acquisition strategies will support the continued alignment of NTI’s legacy technology assets with the rapidly growing Social Commerce market (i.e. Envision Online and Kuklamoo)
Envision Online
Strategic acquisition to enhance
Social Commerce Portfolio
Complementary teams and
technologies
Desirable geographic footprint
Customer expansion Opportunities
Accretive & profitable
Kuklamoo
100% owned website will capitalize on the growing family market through multiple revenue streams, supported by NTI’s turnkey Social Commerce platform
LARGE MARKET OPPORTUNITY
Family Market is a desirable underserved demographic
Only a small portion of the 3 Billion dollar daily deal segment totals
A recent raise by Zuilily of $43M values the company at $700M
Experienced Team
MANAGEMENT
Amit Monga PRESIDENT & CEO
Technology entrepreneur with extensive Capital Markets experience
Jim Moskos COO
Award winning software visionary
Tam Nguyen CFO
Chartered Accountant with over 10 years experience in public companies
Don Clearwater DIRECTOR OF TECHNOLOGY
Extensive technology implementation track record
Karl Ortmanns DIRECTOR OF SALES
Experienced technology sales professional
Todd Jamieson CEO, ENVISION ONLINE
Award winning entrepreneur
BOARD OF DIRECTORS
Paul Godin CHAIRMAN
Founder, Green Marketer of the Year award winner
T. Christopher Bulger
CFO Hy-Power Nano, Venture Capitalist
Jim Moskos
20 years experience in technology
Amit Monga
Executive Professor University of Alberta, Board member Alberta Innovates Technology Futures
Marvin Igelman
CEO Sprylogics, Board member American Apparel & Jamba Juice
Ryan Deslippe
Northcore Enterprise Suite
PRODUCTS
• Workflow driven sourcing engine
• System tracks, manages and redeploys assets
• Accurate asset valuations during transfers, sales & M&A activates
• Comprehensive disposition suite including targeted & open e-auction platform
SUITE
• Enables organizations with extensive capital equipment base to manage the end to end lifecycle resulting in significant savings
Enterprise Platform for Tablets
Cloud based platform available on iOS.Enterprise Case Study
HSE PROCUREMENT AUCTION
Reduced previous framework agreement by 44% (€13,200,000) Saved a total of €4,895,474.28 The Procurement Auction Pilot was considered to be an “overwhelming success” by the HSE Team.
*Actual screen shot of declining price from HSE event, resulting in savings of €4,895,474.28
Northcore Social Commerce Suite
• Powerful Group Discount liquidation platform
• Tiered reward and discount structure incents viral/social behavior • Robust administrative and vendor toolset
• Can incorporate patented “Dutch Auction” to increase yield and differentiation • Provides unique liquidation process for perishable products
Intellectual Property
• Own cornerstone patents on one ofthe few remaining unexploited methods of commerce
• Retained resources to investigate mis-use as well as customer
conversion opportunities
• Undertaken research to identify high-value domains
• Filed additional IP applications and will continue to develop and acquire IP
Social Commerce
• Auction was the first Social Commerce method
• Northcore has a robust, turnkey Social Commerce platform
• Supports Daily Deal, Dutch Auction and full Social Media connectivity • Incorporates Patented and Patent Pending processes and technologies • Is mobile ready
Mobile Opportunity
At the end of 2011, there were an estimated 6 billion mobile
subscriptions, which is equivalent to 87 percent of the world population.
http://mobithinking.com/mobile-marketing-tools/latest-mobile-stats
In 2011, 3G mobile subscriptions grew by 37% globally.
Mary Meeker, 2012 Internet Trends http://kpcb.com/insights/2012-internet-trends
In the first eight quarters after it’s release, Apple shipped nearly 70,000,000 iPads.
Sample Targets Market & Pain Points
Sources:
1) US Equipment Finance Market Study, Equipment Leasing and Finance Foundation, 2007 2) 2020 Vision Global Food & Beverage Industry Outlook, Frost & Sullivan, 2010
3) Forrestor, 2009
4) Pellegrino & Associates, 2011
$598 Billion 1 Differentiation, Residual Management
$1.2 Trillion 2 Holistic Asset View & Redundant Purchases
$22 Billion 3 Existing models are stale and do not reflect
perishibility of the ticket.
$2 Billion 4 Proliferation of “me too” offerings, lack of
underlying enterprise level technology
NTI provides value to industries requiring effective tools to manage, redeploy or liquidate diverse assets
NTI’s turnkey Social Commerce solution and IP portfolio are well positioned to help businesses monetize their Social Media market opportunities
Application of NTI’s Dutch Auction
Perishable items such as event tickets can be purchased via NTI’s Dutch Auctions
near to venue up to the event start time, or be discounted further once the event
has begun.
Revenue Model
ENTERPRISE (ASSET TRACKER + ASSET APPRAISER + ASSET SELLER)
• Initial set-up fee (One time per implementation) • Annual Subscription (Recurring)
• Based on number of users, number of assets, number of locations
ENTERPRISE (ASSET SELLER)
• Initial set-up fee and percentage of assets liquidated
ENTERPRISE (ASSET BUYER)
Revenue Model
INTELLECTUAL PROPERETY
• Licensing of patents as well as proprietary platforms using NTI’s IP
ENVISION
• Services and hosting
KUKLAMOO
Financial
Listed TSX:NTI , OTCBB:NTLNF
Shares Outstanding (Basic) 235M
Shares Outstanding (Fully Diluted) 255M
Cash Position $1.4M (as at March 31, 2012)
Debt NIL
Share Price: $0.07 (as at JuLY 3,, 2012)
52 week range: $0.06 - $0.35
Milestones
KUKLAMOO Creation of new operational plan and expansion of business model
Incorporation of Dutch Auction platform
Increase cross selling and strategic partnerships
SOCIAL COMMERCE Implementation of Dutch Auction with selected partners in the Social Commerce/Consumer space
Deployment of Social Group Buy Platform with a new strategic partner
ENTERPRISE
Complete new versions of flagship Enterprise
products including Asset Seller and Material
Management Applications Complete next generation Intelligent Data
Acquisition and Analysis platform
Expand Enterprise
application suite to most popular mobile platforms
IP
Monetize existing Dutch Auction IP through strategic partnerships Expand IP portfolio through continuous new filings , new proprietary initiatives and
Contact Information
Northcore Technologies Inc.
302 The East Mall, Suite 300 Toronto, Ontario, Canada M9B 6C7
Telephone: 416-640-0400 or 1-888-287-7467 Email: [email protected]
Investor Cubed Inc.
Alan Huycke, President 67 Yonge Street, Suite 1000 Toronto, Ontario, Canada M5E 1J8
Telephone: 647-258-3311 Email: [email protected]