Jay Hakami

We have another 35 right here in New York City, in Manhattan.

Well, as I said, it's very little right now because since we've signed up some of the retailers and as a brand, if you want to get your data, you have to come to us.

Our cost of sales is basically it's them getting them on the web, signing up.

Once they sign up, they fill out the information, the credit card information.

Within 48 hours, they're up and running.

That's correct.

We're talking about what's called Skypad Multi.

When you have multiple, when they want to get into multiple retail data collection, it's a different combination.

Our sales costs are fairly minimum.

They're about, I would say about 10 to 15% of acquisition.

I'll tell you why.

Absolutely right.

I'll tell you why.

Because typically, when we do a presentation or a demo, 80% done deal.

based on the clients we have, based on reputation we have, based on the fact that we're the only game in town right now in the luxury space to do this, to collect and present this information.

Well, they're not going to make changes.

All they want to see is how their products are selling at the department store.

They want to see what colors are trending.

They want to see what sizes are trending.

They want to know that they want to be able to be very smart when they have a conversation with a buyer.