The company will be the 'exclusive' US service-provider for a unique, online program entitled An Even Better Place to Work.
This employee engagement and job satisfaction improvement program is already well established in Europe, Africa and the Middle East and is being used daily by many well-known, global organizations such as
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Satisfaction At Work Inc will bring the program to the US market with the potential for expansion into Canada, South America and the Caribbean/Bahamas in the future.
We anticipate hitting a revenue run rate of approx $8-10 million per year by Year-5, and drop approx. $5-6.5 million to the bottom line in EBITDA.
A typical HR productivity distributor in this sector has sold for (or currently trades at) an average P/E of 16, which would put the value of the company at approx. $104 million by the end of Year-5, assuming that we hit our revenue and profit projections.