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Note 1 - General Background Information
3 Months Ended
Mar. 31, 2017
Notes  
Note 1 - General Background Information

NOTE 1 - GENERAL BACKGROUND INFORMATION

 

Ezy Cloud Holding Inc., which may also be referred to as Ezy Cloud, the Company, we, our and us, was organized on June 14, 2010 (Date of Inception) under the laws of the State of Nevada, as AcroBoo, Inc.  We were incorporated as a subsidiary of Jagged Peak, Inc., a Nevada corporation.

 

Ezy Cloud (formerly AcroBoo, Inc.) is an e-commerce and supply chain solutions and services provider. Ezy Cloud is built on an OMS software platform that empowers multi-national corporations to successfully sell online and through other sales channels at multiple distribution points.  Ezy Cloud will offer products through different websites that include, but is not limited to: sunglasses, camping equipment, coffee products, home tools and lighting products.  While managing our own online stores, we were often approached by companies who needed help establishing an online presence.  We plan to leverage our knowledge and infrastructure to offer services to assist other retailers expand their sales channel to the Web.  Our services have evolved to include online retailing, e-channel development, e-marketing and brand protection solutions.  Management views these as important abilities in running an on-line business and they are part of Ezy Cloud’s operation to sell products and protect its brands.  Ezy Cloud on occasion plans to sell these services to clients desiring to run an on-line business but does not have their own in-house expertise.  This is only expected to be a small portion of the business in the beginning years as Ezy Cloud builds up the number of products it sells on-line.

 

Beginning in the quarter ended March 31, 2013, Ezy Cloud ceased providing services to customers and other activities that generate revenue. Ezy Cloud also ended its employment agreement with its sole paid employee. Significant costs after this period consisted primarily of audit and legal costs.

 

Ezy Cloud plans to search for new solutions that harness the power of the Internet to help companies drive revenue and expand their business.  The Company takes possession of inventory and generates most of its revenues based on product sales or a percentage of the customers’ sales.  Management expects a small percent of its revenues will be generated from licensing its software products.