miiGroup Goes Global After Closing it Series A Round & Announcing 120% MoM Growth

Highlights

• miiGroup signs another sales channel partner,  taking us global
• iCompLii selected for the Seek & Hudson HR Tech Accelerator
• miiGroup pre series “A” raise successful
• miiGroup investors now qualified for tax incentives
• 120% average month on month growth
• Cash flow positive outlook for 2017

miiGroup has had an amazing start to the year, with strong (120%) average month on month growth, and a global focus through sales channel partners. The second white labeled version of the iCompLii workforce compliance platform is due to start selling in June.

MiningLink
The iCompLii license for the Australian mining and resources sector has been taken on by MiningLink. MiningLink is the busiest social media and web destination for the mining industry in Australia reaching an average of a million pairs of eyes a month, making it the perfect go to channel partner, with clients already onboard such as Downer Group, G&S Engineering, Entire Recruitment and many more.

miiCrew
Preparing to launch a white labeled version of iCompLii into the global Super yacht industry as miiCrew in June, is  a consortium made up of Danny Jones ( Richard Branson’s Personal Trainer of 4 years ) and two experienced veterans of the super yacht industry, Will Hollingshead and Damian Law. Will and Damian are the co-founders of a super yacht safety innovation that will be launched later this year which pairs nicely with a crew management platform such miiCrew.

More sales channel partners ready to go
miiGroup has several more interested go to market channel partners ready to sign on as soon as we have the resources to facilitate the integrations, this is scheduled for  Q3/Q4 this year.

Sales channel partners bring both clients(revenue) and profile holders(data) with little to no internal work or marketing.

Selected by Seek and Hudson
The miiGroup worker management and compliance platform “iCompLii” platform has been selected by Seek & Hudson as a scale up business to participate in their HR Tech Accelerator, which is run by Slingshot.

This is awesome recognition for the work we are doing and a giant leap forward. This will give us the ability to offer our products directly to these and other companies that will be present at the product demo’s and networking events. miiGroup was one of just a hand full of selected companies from hundreds of applicants.

Integrations
Stage one miiFile integrations are now planned to start in Q3 to extend functionality through connections XERO and SAP, with several more platforms on the development roadmap.

Capital Raise now closing
We are pleased to announce that the pre-series A capital raise has been a success. We have raised the required funds, and thank all those who have joined the team. Final offers will be accepted up to the 31st of May at the current valuation of $2,079,000 (min investment of $10,000).

Cash Flow Positive 2017
iCompLii has moved to a licensed business model, enabling us to commercialise simultaneously through multiple sales channel partners whilst also cutting our cash burn rate by more than half. We believe these optimisations coupled with our successful capital raise will carry miiGroup through to a cash flow positive position late in 2017.

Tax incentives

1. If you are due to pay tax this year, there is a real opportunity to de-risk your investments with a 20% tax offset
2. Investments in miiGroup are eligible to be Capital Gains Tax free for 10 years.

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