Question 1

Will this work with commercial vehicles?

Accepted Answer

We have designed the system to work with commercial entities and vehicles.  The business rules for each State or area will ultimately determine what will be allowed.

Question 2

Does your company already have approval from each state for this software to be used. If not what hurtles do you have to overcome for your software to be accepted.

Accepted Answer

We do not have approval in any state, but are working with a number of tolling authorities across the country to gain approval. Approvals are not given by the state but instead by each tolling authority. Some states have multiple tolling authorities. Our business model is based on closing a single contract in 2021 and a second contract in 2022, which will lead to revenues and earnings as shown in our projections.

Question 3

How do you expect Tolling authorities to bear increased expenses if they adopt your system ? If passing on to riders, do you expect adoption to be affected ?

Accepted Answer

Although each toll agency will independently decide if they will charge their drivers for use of our app, our intention and recommendation is that the app is free for all drivers. Our system will not cost tolling agencies more. Our fee structure will save toll agencies substantial cost by allowing them to eliminate toll collectors, dramatically reduce the number of toll violation letters that they will need to send out, and significantly reduce the number of manual plate reading that is done ...

Question 4

Hello, What are the early bird terms? Thanks

Accepted Answer

The early bird perk is the one-for-one stock option bonus with a 5 year expiration and $2.00 per share exercise price. Investors (in the first $250K funds raised) will receive these bonus stock options at no additional cost which provides the investor with the right but not the obligation to purchase shares for up to 5 years at a fixed price of $2.00 per share.

Question 5

Why do you expect to gain market share from the toll-by-plate option which is more convenient and doesn't require any installation from the end-user? What if there are 2 people in the same car that drive through the tolls, would the app be able to differentiate and charge the ...

Accepted Answer

Toll-by-plate is the most expensive toll payment method and one that toll agencies would be happy to eliminate. These transactions require obtaining the registered owner of the vehicle for the appropriate State DMV, mailing invoices, dealing with return to sender mail (8%), processing payments, mailing a second invoice to the ~50% of accounts who do not respond, and then eventually assigning accounts to a professional collection agency and writing off of accounts not collected by all methods....

GeoToll

Mobile Automatic Payment Solutions for Worldwide Tolling

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