- Products & Services
- Knowledge Base
DUBLIN, IRELAND, May 28, 2021 /24-7PressRelease/ -- We are an own tech and own content creator focused on using technology and content to disrupt existing markets where we see the opportunity. Owning our technology is a core value. Our internal mission statement is to "rid the world of loneliness and confusion" so there is a serious side to everything we produce hence we call it life changing mobile entertainment.
The OCMX™ is pleased to announce the listing of Psytech Digital to its online portal which offers Investors and Advisors the ability to learn more about this exciting opportunity.
The OCMX™ has spent considerable time completing its due diligence on Psytech Digital and concluded that there is indeed a tremendous potential for this opportunity.
The OCMX™ noted that Psytech Digital exhibits the main components of any solid opportunity, namely a solid management team, a great track record, and a number of key competitive advantages.
What They Do
We develop B2C life changing mobile entertainment services which we market directly to consumers. We use content delivered by our own platforms to attract, nurture, convert and retain customers. Our product is designed and built inhouse from backend to front end.
All our content is produced inhouse. Today we produce 3 free categories of content: online news magazine with a psychic twist, daily horoscopes, and compelling podcasts of real-life recorded psychic consultations with real users. Our free voice-based dating app will be released in Q3 of 2021 and will become our 4th owned content channel.
We trade in USA, Canada, UK, and Ireland with 80% of revenue coming from North America and we monetize using psychic consultations and tarot card readings by phone or instant chat. Psychics can work from anywhere in the world using our own tech remote call center software.
• USA market size $2.4 billion. EU €5 billion.
• Business has $3million in revenue growing circa 30% per year using net profits to drive growth.
• Held back by lack funds for customer acquisition. With funding will reach $50 million in the US market by 2025. Without will reach $18 million.
• ROAS 6:1, Gross profit 66%.
• Technology leader in sector. Own cloud-based technology, own content, highly scalable including own VOIP IVR technology. Can disrupt using technology and social media.
• Experienced founder, very successful in Ireland, understands B2C mobile entertainment space leveraging content and lead generation to monetize and grow.
• Costs do not scale with revenue. Achieves 30% net profit at scale.
Where They Are Headed
• Focus on growing our share of the north American market ($2.4 billion disaggregated sector with no dominant players). Grow revenue from $3million to $50 million over 5 years ending 2025 by expanding customer acquisition budget and sweating our existing model which has a ROAS of 6:1. Target our top 2 competitors who each generate $100 million in revenue.
• Expand this model into UK, Ireland, Canada, Australia, and New Zealand (English speaking world) fits our current resources and cost model.
• Locate strategic partners to enter Asia, Europe, Africa
• Expand and improve our content (online magazine, podcasts, horoscopes, dating). This improves retention, yields more new customers, and generates more traffic.
• Grow dating subscriber base to 1 million and then monetize. Founders have 20 years experiencing successfully monetizing dating in Ireland using technology.
• IPO or exit in 2024/2025.
Richard Brennan, CEO: 25 years track record as a successful entrepreneur with many successful business ventures and some worlds firsts. In Ireland Richards B2C mobile entertainment businesses generated €15 million per year equivalent to $1.5 billion in the larger US market. Psytech is Richard's brainchild. He has a natural intuition for creating and monetizing mobile entertainment services. His original background was as a developer giving him a strong aptitude for tech combined with a very savvy commercial and marketing awareness.
Paul McCabe, CMO: A computer graduate turned marketer with a decade's successful experience across multichannel PPC, SEO, Display, Social and Affiliate marketing. Expert in lead generation and app distribution. Paul created a 6:1 ROAS for Psytech in the USA and distributed over 1.3 million apps to date.
ABOUT THE OCMX™
The OCMX™ is changing how companies generate exposure in the financial marketplace and raise funds as we know it. The OCMX™ serves both public and private companies in need of market exposure during financial raises. It does this by way of connecting the relevant companies with financial institutions all in one online transparent portal. The OCMX™ (P2P Financial Inc.) launched in September of 2009 out of Toronto but has since expanded its operations to include Quebec, Alberta, Manitoba, and British Columbia.
The OCMX™ connects investors and advisors directly with companies seeking to raise funds or gain broad market exposure. The OCMX™ provides an open venue for innovative growth companies and leading investment funds to generate market awareness, raise funds, or connect with investors and advisors.
The OCMX™ provides companies, funds, investors, and advisors instant access to its Online Portal so that they can actively source and connect with their next opportunity, advisor, investor, client, or financing partner.
TD Canada Trust Tower
161 Bay Street, 45th Floor
Toronto, Ontario, M5J 2S1
Email: [email protected]
Psytech Digital gets listed on THE OCMX™
# # #