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VOLUME 08 : ISSUE 66
Voyant's
RocketStream to be Launched by Lawyers
Remember
on Tuesday when I was talking about RocketStream's continued penetration
into the high-speed-data-delivery market? We got yet another layer
of evidence today. Remember, each new venue or partner becomes a little
perpetual profit center for Voyant
International (OTCBB: VOYT). That's why each one is a big deal.
Here's the compelling part though - I still think the surface has barely
been scratched.
In
any case, Voyant added yet another RocketStream partner this morning....a
big
one. I don't want to call it high-profile partner, but rather,
high-importance
- the company is packaging up their software as part of a service used
by lawyer's preparing for litigation. Big stuff, and a growing industry.
We'll
detail the news and the impact it has on shareholders below. After that,
I want to take a quick look at this market, and some sector rotation
I see. I blogged yesterday about being at a short-term top, and I still
feel we are. After we burn off some of the froth, I think this rebound's
sector leaders will remain the leaders.
eClaris
Incorporates Voyant's RocketStream
There's
a good chance you've not heard of eClaris. They're a privately-held company
in a field that's somewhat obscure to the average Joe. They're one of the
leading providers of something called electronic discovery, or eDiscovery,
for short.
What's
that? Here's most of the definition of eDiscovery from Wikipedia...
Electronic
discovery, or "e discovery", refers to discovery in civil litigation which
deals with information in electronic form...Electronic information is different
from paper information because of its intangible form, volume, transience,
and persistence...Electronic discovery poses new challenges and opportunities
for attorneys, their clients, technical advisors, and the courts, as electronic
information is collected, reviewed and produced...Examples of the types
of data included in e-discovery include e-mails, Microsoft Office files,
accounting databases, CAD/CAM files, Web sites, and any other electronically-stored
information which could be relevant evidence in a law suit. Also included
in e-discovery is "raw data" which Forensic Investigators can review for
hidden evidence...Individuals working in the field of electronic discovery
commonly refer to the field as Litigation Support.
I know
that's a long definition, but I think it's necessary to really get a grip
on the concept.
You
don't need me to tell you we're living in the information age, and getting
more 'cyber' every day. (Just think about how you're reading this message.)
Many documents that used to require signatures being inked on paper can
now be 'digitally' signed...and never actually printed. E-mails
are now considered legal documents, and nothing is ever actually 'deleted'
from a hard drive. The list goes on and on, and there's a lot more of this
data than there is on paper.
eClaris
provides a service to lawyers and investigators to facilitate the eDiscovery
process. Given the vast amounts of information a law firm could potentially
need to sort through for litigation purposes, the ability to quickly send
and receive lots of information is crucial. That's where RocketStream comes
in.
To
make their platform more user-friendly, eClaris is adding RocketStream
to the package. Documents and data that used to take hours for
legal counsel to send now takes only minutes.
Voyant's
upside is pretty straight-forward...they're getting a piece of the revenue.
They've not disclosed whether eClaris is paying them a flat rate for the
technology, a percentage of sales, or both. Any of those relationships
should be fruitful though.
As
for just how big this could be, the eDiscovery industry could be worth
more than $4 billion next year, and eClaris is one of the major players
in the arena. Even a small fraction of that could be huge for Voyant, since
the company is basically at the revenue 'onset' stage. A mere 0.1% of that
$4 billion is still $4 million.
The
bigger message is still the one I was conveying on Tuesday though - there's
a market for RocketStream. Proginet was already bundling it with
their offer, and now eClaris is doing the same. Nielsen Mobile (a division
of Nielsen Ratings) bought the technology a few weeks ago too, and there
were other major companies already using RocketStream before we started
studying Voyant.
Yet,
all
those current paying customers are nowhere near the total number of potential
customers. Most any company these days has massive amounts of data
to handle, and conventional data transfer (like e-mail or FTP) just can't
adequately deal with the volume of information we're now creating.
As
more and more companies follow in eClaris', Proginet's,
and Nielsen's
footsteps, more and more revenue will be added to Voyant's top line. It's
not a sprint though...it's a marathon.
The
press release is below. Now, about these sectors...
Clear
Sector Leaders
I'm
not going to dwell on the general market too much right now. The last week
and a half have been tremendous, but I think we're at a point where we're
likely to give a little back as the giddiness wears off. No big deal -
that ebb and flow is just the way things are. As long as we don't lose
too
much ground with any pullback, I suspect there's a little more bullishness
(perhaps considerably more) in store.
However,
I also believe there's going to be a clear disparity among the major
sectors. We've already seen it, in fact.
Take
a look at the nearby performance table for the last eight trading days.
Financials are ridiculously higher, while energy stocks are well into the
red.
Now
take a look at the other nine sectors' performances. The other leaders
- consumer discretionary, transportation, and industrials - are
all groups that tend to do well in a cyclical bull trend. The laggards
are also the names you'd expect to trail in a cyclical bull trend (which
doesn't favor consistency or stability) - utilities, materials, and
staples.
Though
I'm still planning on at least a small dip following the recent rally,
I also think we're going to keep seeing this basic disparity. Why?
Take a look at the six-month results. We're seeing what used to
be the worst areas now provide the best returns, and
vice versa. There's still a lot of ground to make up though.
Be
sure to check the blog early and often as we try to navigate through any
short-term swings. Timing is still everything, whether you're in the best
or worst sectors. I'm just more apt to buy financials on a dip, and likely
to sell energy stocks on a short-term pop.
RocketStream
and eClaris to Provide Accelerated eDiscovery File Transfer to Law Firms
and Corporations Worldwide
eClaris Implements
RocketStream(tm) Software Suite to Support Comprehensive eDiscovery Products
and Services
Los Angeles and
Mountain View, Calif. - July 24, 2008 - RocketStream, Inc., a subsidiary
of Voyant International Corporation (OTCBB:
VOYT), and a leading provider of digital content delivery acceleration,
today announced that eClaris, LLC has selected RocketStream's technology
for its data transfer processes and offerings. With the RocketStream(tm)
file transfer acceleration suite, eClaris will provide ultra-fast transfer
capabilities to help its clients classify, process and review(tm) their
electronically stored data.
"At a time when
IT departments face ever-growing challenges in managing increased digital
content, RocketStream helps its users satisfy regulatory and corporate
governance mandates by offering superior performance and scalability with
its data transfer acceleration technology," says Jay Elliot, president
of RocketStream. "RocketStream's file transfer solutions are particularly
well suited for the eDiscovery market, which values speed and is constantly
growing."
According to the
2007 Socha-Gelbmann Electronic Discovery Survey Report, the eDiscovery
market growth is currently projected to reach $3.1 billion in 2008 and
increase to $4.1 billion by 2009. eClaris was a contributor to this independent
and widely respected survey, which examines responses from over 115 organizations,
including Fortune 1000 corporations and law firms who are on the cutting
edge of eDiscovery industry standards and strategies.
The Need for Speed
"Our customers
look for compelling technology to help them quickly identify, process,
review and analyze digital data. RocketStream complements our offering
by providing accelerated file transfer speeds of up to 200 times faster
than traditional FTP (file transfer protocol)," said Jacques Nack Ngue,
founder and managing partner at Los Angeles-based eClaris. "As consultants,
our team can process terabytes of client information on any given week
and it is crucial that the availability of this data gets transferred and
exchanged in a secure, reliable, and rapid manner. Together with RocketStream's
innovative solutions our services are well-positioned to keep up with our
clients' expanding data needs."
eClaris was previously
experiencing extremely slow file transfer and latency issues with its data
transfer rates. Since implementing RocketStream, the eClaris' data transfer
speeds have improved dramatically. For example, a 20 GB file sent over
a DS3 connection with 117-ms latency from Los Angeles to New York used
to take eClaris about 20 hours with FTP. Using RocketStream's software,
the approximate time elapsed is now only a mere one hour.
"Companies are
collecting and storing ever-increasing amounts of IT event data to proactively
meet compliance requirements, and this large volume of data must be efficiently
collected and transported in the eDiscovery process," said William Chen,
vice president of enterprise sales at RocketStream. "We are excited about
this latest partnership with eClaris because it increases our reach into
the substantial eDiscovery market. In addition, this partnership further
validates our commitment to providing file transfer acceleration solutions
that use a secure and reliable approach to overcome the harmful effects
of network latency on IP data throughput. We look forward to building our
relationship with eClaris and helping its customers speed up the eDiscovery
process."
About eClaris
eClaris is a dynamic
eDiscovery consulting firm dedicated to helping law firms and corporations
classify, process and review electronically stored data. As a leading provider
of eDiscovery services since 2004, eClaris combines top-notch legal expertise
with the latest in scalable technology to provide clients with cost effective,
accurate and accessible data in a timely fashion. eClaris' revolutionary
new web portal - www.eclaris.com - allows clients to initiate, manage and
track their eDiscovery efforts at all hours of the day from an Internet
connection via a web browser. eClaris is a privately held company. For
more information, visit www.eclaris.com
or call 213.623.1620.
About RocketStream
RocketStream is
a software-based file transfer acceleration solution that makes data transfers
fast, easy, secure, and reliable. RocketStream is the ideal way to transfer
large files over long-distances, without requiring additional spending
on new hardware. Available in client/server and point-to-point architectures,
RocketStream is capable of speeds up to 200 times faster than FTP. The
powerful RocketStream Protocols overcome the detrimental effects of network
latency on file transfers and operate over any IP network - private line,
VPN, or Internet - regardless of whether the physical medium is electrical,
fiber, satellite, or wireless. RocketStream is a subsidiary of Voyant International
Corp. (OTC-BB:
VOYT). More information can be found at www.rocketstream.com.
Safe Harbor
This news release
contains forward-looking statements, including but not limited to, those
that refer to the companies' future development plans or operating results.
Actual results could differ materially from those anticipated due to risk
factors that include, but are not limited to, lack of timely development
of products and services; lack of market acceptance of products, services
and technologies; inadequate capital; adverse government regulations; competition;
breach of contract; inability to earn revenue or profits; dependence on
key individuals; dependence on outside parties for sales, customer support,
and/or customer retention; inability to obtain or protect intellectual
property rights; inability to obtain listing for the companies' securities;
lower sales and higher operating costs than expected; technological obsolescence
of the company's products; litigation; limited operating history and risks
inherent in the company's markets and business; and other factors discussed
in Voyant's most recent Annual Report on Form 10-KSB and our Quarterly
Reports on Form 10-Q filed with the SEC. Investors are advised to read
the Annual Report, quarterly reports and current reports on Form 8-K filed
after the most recent annual or quarterly report. The forward-looking statements
in this press release represent the companies' current views as of the
dates of individual pages, and the companies disclaim any obligation to
update these forward-looking statements.
# # #
RocketStream Media
Contact
Julie Parayno
Dovetail Public
Relations
408-395-3600
rocketstream@dovetailpr.com
Voyant Investor
Relations Contact
Sean Collins
CCG Investor
Relations
310-477-9800,
ext. 202
Sean.Collins@ccgir.com
eClaris Media
Contact
Michael Swarz,
J.D.
Marketing Director
213-623-1620
mswarz@eclaris.com
eClaris PR Contact
Brenda McGann
Brenda McGann
Communications
310-649-1450
brendamcgann@sbcglobal.net
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