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Global Geoscience
NEWS RELEASE DATE: 12 April 2016 ASX Code: GSC
GSC TO ACQUIRE GLOBAL LOGISTICS MANAGEMENT SOFTWARE PLATFORM - GETSWIFT
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Global Geoscience Ltd
ABN 76 098 564 606 ASX Code: GSC
Board of Directors
Bernard Rowe Managing Director
Barnaby Egerton-Warburton Non-Executive Director
Gabriel Chiappini
Non-Executive Director
Patrick Elliott
Non-Executive Director
Registered Office
Suite 203, 161 Walker Street North Sydney NSW 2060 AUSTRALIA
T: +61 2 9922 5800
Contacts
Global Geoscience Limited
Bernard Rowe
T: +61 4 1944 7280
[email protected]
Cygnet Capital Pty Limited
Darien Jagger
T: +61 8 9226 5511
[email protected]
GetSwift Pty Limited Joel Macdonald [email protected] www.getswift.co
gpt legal
Grant Paterson [email protected] T: +61 8 6555 1866
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Global Geoscience Limited ("GSC" or the "Company") is pleased to announce that it has executed a binding term sheet to acquire rapidly growing global logistics management software platform, GetSwift ("GetSwift"). The term sheet has been executed with the major shareholders of Distributed Logistics Group Pty Ltd ("Distributed Logistics"), operator of GetSwift.
The acquisition is subject to due diligence and is to be completed through the exercise of an option to acquire all of the issued capital of Distributed Logistics Group Pty Ltd.
HIGHLIGHTS
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GSC to acquire GetSwift; A Global logistics management Software- as-a-Service ("SaaS") platform, delivering 'Last Mile Solutions' for large and small businesses.
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Sophisticated 'Big Company' technology allowing businesses of all sizes ("Clients") to Dispatch like Uber, Set Routes like FedEx and Track Deliveries like Domino's.
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Fully Scalable SaaS business model - tiered fee structure driven by volume, for clients operating in the growing $200B logistics market.
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Proven technology with over 70 Clients in 50 countries including Byram Healthcare (USA & EU), Falcone Global Transport and Logistics (USA), Al-Jazirah (SAUDI ARABIA), Guy & Gallard gourmet food (NYC). In Australia; Lion Nathan (QLD, NSW), Mitre10 (VIC), Little Caesars Pizza (NSW) and Harris Farm Markets (NSW).
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Fully integrated 'White Label' platform for major chains and global businesses, or hosted online solution for smaller local Clients.
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Highly experienced team in technology, product growth, logistics and marketing.
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Cygnet Capital to lead manage a maximum $5M raising.
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GetSwift
GetSwift was developed in 2013 and used to run Liquorun.com in Australia. The software was then optimised as a standalone platform, rebranded as GetSwift, and assigned to Distributed Logistics Group for commercialisation. GetSwift is a sophisticated logistics management software platform that provides businesses of all sizes with a seamless and affordable way to optimise dispatching, routes, and track last mile deliveries and logistics tasks. Distributed Logistics was incorporated in 2015.
Provided as a business-to-business SaaS solution, GetSwift provides automated delivery functionality in a white labeled, highly scalable solution. Off the shelf modules enable seamless integration with existing order purchase and dispatching systems. The business model uses a tiered fee structure based on volume, charged as a per delivery transaction fee, no fixed overhead or upfront charges encourage client adoption.
Client brand equity is preserved as the GetSwift platform operates in the background so customer relationships are not impacted and GetSwift enables the customer to see their delivery status in real time. Greatly reducing customer uncertainty about where and when their delivery will take place, reducing costs associated with managing customer expectations.
GetSwift is currently used by 70+ clients who have adopted the platform into their existing systems including; Falcone Global Transport and Logistics (USA), Byram Healthcare (USA & EU), Al-Jazirah (SAUDI ARABIA), Guy & Gallard gourmet food (NYC). In Australia; Lion Nathan (QLD, NSW), Mitre10 (VIC), Little Caesars Pizza (NSW) and Harris Farm Markets (NSW).
The platform is available as a hosted online solution for smaller local businesses such as food delivery businesses and florists. Currently there are online Clients in over 50 countries, utilising the system for local deliveries, in their local language.
Proceeds from the proposed capital raising will be used to support rapidly increasing demand from Clients across a number of sectors and to facilitate expansion into the USA, ASIA, EU and the Middle East.
Dispatch like Uber
Using a sophisticated central dispatching function and IOS and android apps, GetSwift allows Clients to communicate directly with their delivery fleet in real-time to better enable the assignment of new jobs, optimise batching per driver, and record delivery completions. This allows GetSwift Clients to offer a transparent and real-time tracking experience (similar to Uber) for their end customers.
Set Routes like FedEx
Using a proprietary algorithm, GetSwift automates the complex work of planning delivery routes, batching and allocating deliveries, optimizing the number of deliveries and sequencing the deliveries per driver. Decisions that can take hours per day by staff members, can now be processed by the GetSwift platform in minutes.
Track like Domino's
GetSwift provides Clients and their customers with real-time delivery tracking on every parcel, reducing the number of missed deliveries and customer contact enquiry overheads. From pick-up to drop off, a Client and their customer will know the delivery driver's every move.