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SR Virtual Inc. is an Internet and Media company based in Los Angeles that is focused and powered by Voice Recognition Capability and Software Development. Its’ voice-to-text product feature, SendChat™, will enable mobile phone users to easily send and receive SMS messages using voice recognition. This new product is poised and positioned to revolutionize the ease and productivity of SMS messages to consumers and businesses worldwide. The first protoype of SendChat™, a voice-to-text application that will allow users to send SMS text messages, has alos been packaged with another incredible feature that will allow VoIP nationwide and worldwide calls.
The application will be effortlessly downloable to any cell phone, from any phone network. It will be as easy to install, as is any mobile phone ring tone or game. The application will also feature other services such as:
o Voicemail to text service.
o E-mail translation using SR Virtual’s state of the art software.
The VoIP call feature enabled in SendChat™ works by using a wi-fi or WAP internet connection from any mobile device that allows a user to call anyone in the world using our internet-based calling feature. It will also voice activated and can dial anyone at any time! It will be compatible on PC’s and MAC’s so each user can take full advantage when at home or in the office.
Unlike current competitors, there is no need for different version creations or upgrades, special phones, or tools. SendChat™ will also include “SR smart technology™”, which means that every time the SendChat application is used, it will record and redefine each individual users vernacular and diction to become more accurate with every use. That means SendChat™ will enable the product to both adapt and strengthen the accuracy of each translation. With the right investment and direction, SR Virtual is poised and positioned to impact the mobile market right away.
Our mission is to evolve ways of communication, via mobile phone, that provides convenience and security. Cell phone users want to effectively and expeditiously communicate with others as quickly as possible and with as many people as possible. We’ve seen this by the explosion of Facebook and Myspace and Instant Messaging programs such as AOL Instant Messenger; it’s a means of communication with ease. SendChat™ provides the same opportunity of communicating, except that it runs off of what the majority of consumers own and utilize consistently, the mobile phone. Using voice recognition to power and facilitate the way we send SMS messages and emails, search the internet, utilize 411 directory services, and make international calls via mobile phone, SendChat™ will offer the mobile community a more convenient lifestyle. Installing SendChat™ software will be as simple as downloading a mobile ringtone or game!
Management
The management of SR Virtual, Inc. consists of Shaun Setareh and Ramon Galan, two uniquely qualified people who will lead this organization to success. Shaun Setareh is a litigation attorney in Los Angeles, currently handling class-action lawsuits in the field of antitrust law, consumer protection, and false advertising. Ramon Galan is the owner of a Web Development and E-Marketing Consulting firm that providing services to companies in the Entertainment and Special Business Markets.
Market and Financial Projections
VoIP (voice over internet protocol) continues to grow rapidly, reaching approximately 16 million subscribers by end 2006. It is expected to continue to play an increasingly significant role in the US telecommunications market.By end 2006, there were approximately 230 million mobile subscribers, up 10% from the previous year, amounting to a 72% penetration rate. The total number of mobile subscribers worldwide is set to cross the magic 3 billion mark in late 2007, and worldwide mobile penetration will pass 50 percent in 2008.
Competitive Advantage
SendChat™ has many critical success factors that will contribute to its competitive advantage. This program is not only an idea; it’s a developed product, poised and positioned to impact the mobile market right away. Our fast and efficient software is user friendly for every mobile network or phone, and does not require any unique upgrades. The software is accessible through Wireless Application Protocol, also known as WAP, and Internet Browsers. SendChat™ is not only accommodating to those who need to stay connected with others or want to keep up with the trends; it also pertains to those who want security. It’s key features are:
• Useful, everyday, easy-to-use product
• Fast and efficient technology
• User friendly for every mobile network or phone
• No unique upgrade needed for mobile phone models
• WAP and Internet Browser accessible
• Free and Low Cost versions will be available to benefit any lifestyle
Financial Commitment Estimate
We are seeking investment and co-partnership in the development of our product. The amount invested will benefit and relinquish company shares and success in the immediate future. Any amount proposed will be taken into consideration.
Within the next 6 months, we are seeking an estimated initial investment totalling $2-$2.5 million to finish development and to begin initial advertising costs. This estimate is based on start-up costs of our 5 year business model that we have developed in order to make our company both profitable and successful.
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