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| 8-K - FORM 8-K - Cornerworld Corp | cwrl_8k.htm |
Exhibit
99.1
DALLAS,
TEXAS March 2, 2010 — CornerWorld Corporation [OTCBB: CWRL] (“CornerWorld” or
the “Company”) CEO Scott Beck issued a letter to shareholders, investors and
other interested parties today, providing an update on the Company’s progress.
The letter reads as follows:
To our
Shareholders, Investors and other interested parties:
Nearly
two months into 2010, CornerWorld and its wholly owned subsidiaries, the Enversa
Companies (“Enversa”) and Woodland Holdings (“Woodland”) which includes RANGER
Wireless Solutions (“RANGER”) are off to a strong start. This month I
am pleased to highlight the following achievements.
RANGER Re-launches
Dial611.com
Every
year, millions of Americans dial 611 on their cell phones to find answers to
technical questions, pay their bill or inquire about their contract
pricing. Still, millions more have yet to use 611. RANGER
is working to make 2010 the year that 611 becomes synonymous with wireless
carrier customer service.
This
month, RANGER relaunched Dial611.com, a consumer site dedicated to educating
cell phone users about this free service available throughout North
America. The site, which will serve as the web presence for several
upcoming marketing campaigns, allows visitors to share their 611 experiences
through Twitter and Facebook, read articles from site contributors and help
spread the word about the simplicity of dialing 611.
Enversa Maximizes Tightened
Marketing Budgets
In this
time of corporate frugality, more and more companies are recognizing the value
of performance-measured results that enhance their bottom
lines. Enversa is capitalizing on this trend, showing growth in
new lead generation, Search Engine Marketing and the mobile advertising
business. This increase in sales has required Enversa to expand
headcount as it continues to close deals with new accounts monthly.
Enversa’s pipeline remains robust, and the lead development team continues to
expand its reach both with new accounts and by entering into new industry
verticals.
Financial
Update
The
Company successfully filed its October 31, 2009 quarterly report on Form 10-Q
within the time parameters required by the SEC. We were ecstatic to
report net income for a quarter for the first time in the Company’s
history. In addition, consistent with the centralization of the
Company’s general ledger platform, all accounting and human resources positions
were relocated from divisional locations to the corporate office in Dallas,
effective January 1, 2010. Though relocation of positions is
always a difficult decision, the Company was able to reduce its overall
administrative headcount along with the costs associated with redundant
personnel.
Finally,
the operating divisions performed consistent with expectations, no reporting
deadlines slipped and all financial obligations were met.
611 Roaming Service™ Begins
2010 Following a Record 2009
RANGER
announced that it completed 2009 with a record 14,589,054 calls handled pursuant
to our 611 Roaming Service™ patent, a five percent increase over
2008. 2009 was the first year in which call volume exceeded 14
million. In each of the months of November and December, over one
million calls were processed, with 1,070,622 and 1,090,184 calls processed,
respectively. In November and December, call length averaged 4.57
minutes and 4.67 minutes, respectively, both of which were improvements over the
same periods in 2008.
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From a
geographic perspective, the highest call volumes in November originated from
Georgia, Pennsylvania, Texas, New York and Arizona. In December, California
replaced Arizona as a top five state. For both months, the highest
volumes of traffic occurred between 4:00 to 5:00 pm EST, with Mondays tracking
the highest volumes. The highest volume days for each month occurred
consecutively, with November 30 at 47,307 calls and December 1 at 41,809
calls.
In
January, RANGER began 2010 with 977,235 calls, with the average call length
lasting 4.88 minutes. Mondays continued to be the busiest days of the
week, with the 4:00 to 5:00 EST block the busiest time. RANGER had
its biggest day of the month early, with Monday January 4, 2010, seeing 42,302
calls. As in December, Georgia, Pennsylvania, Texas, New York and
California showed the highest volumes.
With the
hard work from our talented team and the dedicated support of our investors,
2010 has the potential to be another strong year for the Company. We
look forward to sharing more exciting news with you in the months to
come.
Sincerely,
Scott N.
Beck
Chairman
of the Board and Chief Executive Officer
About
CornerWorld Corporation
CornerWorld
Corporation is a marketing and technology services company creating
opportunities from the increased accessibility of content across mobile,
television and internet platforms. A key asset is the patented 611 Roaming
Service™ from RANGER Wireless Solutions®,
which generates revenue by processing calls from roaming wireless customers and
seamlessly transferring them to their service provider. CornerWorld has offices
in Dallas, Texas, Holland, Michigan and New York, New York.
CornerWorld
trades as an Over the Counter Bulletin Board stock under the ticker CWRL. More
information regarding CornerWorld is available to investors via the Investor
Relations page of the company’s web site at www.cornerworld.com.
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