Hello Robot Cache Investors,
We are pleased to report that we have filed our annual Form 1-K for our fiscal year 2022. Below is a link to the .pdf version of the complete filing. If you are interested in just an overview, we have summarized key developments below.
2022 has been an extremely busy year for us. Below are key developments in a number of areas.
Global Launch Expected in the Second Quarter of 2023 – As of the date of this Report, the Robot Cache Platform has launched in smaller regions, particularly in Brazil, Latin America, Australia, and New Zealand, to gauge marketing effectiveness and optimize both messaging and KPIs. The Robot Cache Platform is expected to launch globally in the second quarter of 2023. We are currently in the final stages of including some additional features to the platform as a result of what we have learned from launching in these smaller regions.
The Company Has Filed for Another Offering – On September 30, 2022, the SEC qualified the Company’s Regulation A Offering Statement on Form 1-A. The Company has filed several post-qualification amendments to the Form 1-A and is currently undergoing SEC review. We anticipate commencing the offer and sale of up to 25,000,000 shares of its Common Stock promptly after requalification of the Form 1-A, as amended by the post-qualification amendments. In addition to, and in conjunction with, the 25,000,000 Shares offered for sale to investors in the 2023 Offering, the Company is offering investors up to 2,500,000 Shares as bonus shares in each case depending on, and determined on the basis of, a given investor’s investment level. No additional consideration will be received by the Company for its issuance of Bonus Shares, and it will absorb all costs of the Bonus Shares’ issuance. We intend to use the proceeds from this raise to acquire more content and acquisitions to accelerate the company’s growth post global launch. Should you have an interest in participating in the offering, please reach out to us at investors@robotcache.com and we can notify you if/when we receive final qualification.
We Continue to Add New Games and Partners – Our business development and account management team is constantly engaging with new and current partners to add more games to the platform and this will continue indefinitely as every year more and more games are released. We believe that our plan to use the funds raised in the 2021 Offering (and the anticipated 2023 Offering) to acquire additional content in the digital PC game distribution ecommerce space, as well as adding support for supporting blockchain based games and digital items, represents a dependable method for promoting an ecosystem of growth. We also plan to ramp up its marketing efforts utilizing a number of channels such as streaming TV networks, web sites, digital marketing channels, social media, free game giveaways, community management and influencers when we launch globally. We will continually refine and test various channels and partners in the United States, Europe and Asia to increase our user base, lower our cost of user acquisition and increase brand awareness in 2023 and beyond.
Additional Ways to Earn IRON – We are currently evaluating and developing additional ways for users to earn our store currency, IRON. One of these initiatives is the ability to utilize a user’s computer to solve complex calculations for a wide range of worthy causes such as curing children’s cancer, folding proteins, addressing global warming and even searching for extra-terrestrial life and many more. We are working in conjunction with the University of California, Berkeley program named “BOINC” and we are excited to allow our users to use their computers computational power ‘for good’ by addressing huge environmental, medical and research challenges. If you would like to learn more about the many projects they support, you can find out more information here: https://boinc.berkeley.edu/
Gift Card Redemptions – In the first quarter of 2023, the Company entered into an agreement with Carlton One Engagement Corporation to integrate a feature enabling users to redeem their IRON for rewards or gift cards. We believe that this feature may encourage users to utilize their IRON in more ways than just purchasing games and may potentially increase our user base by attracting new users who are interested in using their computers to redeem IRON in different ways. We currently plan to implement this feature sometime in 2023.
China Partnership – We have not yet factored into our forecasts any revenue projections for Asia, as issues related to COVID-19 have impacted much of China’s economy and significantly reduced travel and commerce in the country. In the latter part of 2022, China appeared to be reducing COVID-19 restrictions, and we hope that any such reduction will positively impact the Company in 2023 and beyond. Our exclusive partner, Zero and One’s, is located in China, and will be seeking both free-to-play and blockchain-based Web3 games for release in China (and other countries if appropriate) on the Robot Cache Platform. Web3 games are growing in the Chinese and Asian markets and we intend to capitalize on this growing trend in 2023.
AMD Partnership Continues – In 2019, Advanced Micro Devices (NASDAQ: AMD) announced a partnership with us which we are delighted will continue into 2023. The partnership has been of substantial value, as it represents a major global PC hardware manufacturer’s validation of our business model. We are listed on AMD’s website at amd.com under its “Featured Games” section which can be found here: https://www.amd.com/en/gaming/featured-games
CSPR Transition – On June 28, 2021, we entered into a memorandum of understanding with the blockchain company CasperLabs Holdings AG (“CasperLabs”). We are currently in the final testing phase of transitioning to the Casper “proof of stake” blockchain-based protocol as our Digital Rights Management (copy protection) and away from the Ethereum blockchain. We believe that this switch will benefit the environment by utilizing considerably less power. Currently the Casper network consists of 100 ‘validators’ (or servers/nodes) as opposed to Ethereum’s 500k+ and growing. We believe switching to the Casper network will result in a significant reduction of computational power required to verify a transaction, making it extremely more efficient, better for the environment while providing transparency to our partners. To put it in perspective, currently there are ‘free-to-play’ multiplayer games on the market that rely on hundreds of servers in order to operate.
DACS Labs Partnership – As previously mentioned, we signed a licensing agreement with DACS Laboratories GmbH to integrate their streaming technology into the Robot Cache Platform. This streaming technology will enable games to operate and start more quickly on the Robot Cache Platform as it enables our Users to start the download process and play games within minutes of purchase, as opposed to experiencing a protracted waiting time for the completion of game download. For larger games, the download period can take several hours. To our knowledge, none of our competitors currently offer this capability, and we believe gamers will find this functionality valuable.
Staffing – We have been successful in hiring all our key positions in our marketing, community management, store operations and account management team and believe we are staffed appropriately to execute global store operations upon launch.
Also, please note that going forward due to SEC rules governing providing non-public information (as well as adhering to proper corporate governance and restrictions) any statements or comments apart from our regulatory filings on the SEC’s EDGAR web site and any and all other information will be made public ONLY on our Investor page.
In summary, we are excited to launch soon and have a great team now in place to execute our vision to change the way PC games are sold. Thank you all for your continued support.
For any questions, please reach out to us at investors@robotcache.com.
Cordially,
-Lee Jacobson, CEO & Co-Founder