SAVEDAILY, INC. (OTCBB: SAVY) in Featured News

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Company Overview: “SaveDaily has a singular focus… to bring Wall Street caliber investment opportunities to the Main Street saver.”—Harry S.Dent Jr., World Economist, Best Selling Author and Chairman of the Board. SaveDaily, Inc. was founded to provide people of all income levels the information and tools necessary to invest and self manage their short and long term savings goals. The Company has developed a proprietary financial services platform that helps investment advisors, banks, credit unions and other financial intermediaries succeed in bringing suitable and affordable investment services to everyday savers and investors.For a Detailed Quote CLICK HERE

Mission: the mission of SaveDaily is to provide advice-driven investment services to the mass market, worldwide, that are otherwise made available only to the high-net worth investor. The Company’s services are offered both directly to “everyday savers” as well as through select financial partners via the “white label” program. Thus, SaveDaily, through its financial services partners, has the capability of making virtually all mutual funds available to its clients.

The Company began trading on the OTC Bulletin Board in August of 2011., Inc., the operating entity for SaveDaily, Inc., is a Registered Investor Advisor with the Securities and Exchange Commission, and is registered to do business in all fifty states.

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Industry and Marketplace

SaveDaily provides its platform to partners that have large existing customer bases with a propensity to invest, regardless of income level or experience. Through these relationships, SaveDaily is creating an extended distribution channel for low cost mutual fund investing, growing investment accounts and clients. These partners include traditional financial services providers and non-traditional intermediaries, such as affinity groups and retailers that are focused on providing services to the workplace and directly to consumers. SaveDaily enters into servicing agreements with these establish partners in order to accelerate account growth.

The Company is targeting the following distribution markets:

  • Retail banking industry
  • Brokerage industry
  • Employer services industry
  • Non-traditional financial services providers
Benefits to the Mass Affluent and Mass Market investors include:
  • Low monthly fee covers no limits on the number of funds within an account, numerous transactions within those mutual funds, no minimum balance and no minimum investment amount.
  • East to use tools geared for the everyday saver and investor (mass market and mass affluent).
  • Ability to invest toward core financial goals.
  • 24/7 access.
  • Accessibility to virtually all available mutual funds.
  • Automatic Investment Plans – “out of sight/out of mind” investing.
  • Flexible investment and planning tools.
Benefits to SaveDaily’s partners include:
  • Profitably service existing retail customers and expand customer base.
  • Low monthly fee covers no limits on the number of funds within an account, numerous transactions within those mutual funds, no minimum balance and no minimum investment amount.
  • Automatic allocation and rebalancing of professionally managed products.
  • New revenue streams and ability to have higher margins on account fees and asset based fees.
  • Retain customers and prevent erosion of captive funds to external brokerage providers.
  • Private-labels promote existing brands and enhances customer loyalty.
  • Employers: Ability to offer non-qualified investment programs to complement qualified plan offerings.
  • Employers: Support for payroll deduction and consolidated statements.
Growth StrategyRather than marketing its services directly to consumers, SaveDaily looks to partner with financial services intermediaries that currently have both small and large customer bases with a propensity to invest, regardless of income level or experience. Through these relationships, the Company is creating an extended distribution channel for low cost mutual fund investing, fuelding investment account growth and reaching out to savers and investors through partners. Looking ahead, the Company’s goal is to capitalize on the following opportunities:
  • Large Market with Significant Opportunity. The market addressed by SaveDaily’s solution represents nearly $20.5 billion in revenue from account administration and servicing fees, in addition to advisory and distribution fees from assets under management.
  • Proprietary Technology Creates Additional Market Opportunities. SaveDaily designed its solution to profitably serve the small accounts in the mass markets and provide these investors with the ability to invest as little as $0.01 in the full breadth of mutual funds offered by the mutual fund industry. Due to the low cost structure of the platform, SaveDaily provides the only solution that enables partners to profitably service even the lowest income savers and investors with mutual fund investment opportunities, opening the door to entirely new markets.
  • Low Cost Leader in Account Processing. SaveDaily’s all-electronic, proprietary solution provides significant cost efficiencies by eliminating all printing and mailing costs associated with account opening, transaction confirmations, quarterly statements and account history. Additionally, SaveDaily’s straight through processing of mutual fund transactions drastically reduces costs associated with transaction execution to a point where, for the first time, an investor is not limited to the number of mutual funds within an account, while also allowing numerous transactions within those mutual funds, generally requiring no minimum transaction amounts, and without excessive trading penalties; allowing SaveDaily to offer this to any investor class for a low monthly fee.
  • Addresses Technology and Regulatory Requirements. SaveDaily delivers its technology to partners who have the necessary business agreements, regulatory filings, securities licenses, privacy practices and/or key relationships with financial institutions. The platform supports compliance functions, financial and tax reporting, and account processing responsibilities, including account opening, transaction processing and administration, statements and record keeping services.
ProductsThrough a unique blend of emerging technologies and innovative new models, SaveDaily enables both traditional and non-traditional financial firms to realize attractive profit margins on investment services, regardless of consumer income level or account size.

Utilizing proprietary sub-accounting technology, SaveDaily’s all-electronic model delivers the lowest cost mutual fund investing solution in the industry. Through a comprehensive set of investment and advisory services, SaveDaily provides a combination of education and sophisticated financial tools to enable consumers of all income levels to affordably save and invest toward core financial goals.

SaveDaily’s technology can be utilized to initiate brokerage services with consumer direct offerings, and to augment existing programs currently under the care of a financial advisor. The system can also be used for managed fund accounts, and for the portfolio management of trust funds, 401(k) Plans, 403(b) Plans, and Safe Harbor IRA Rollovers.

Through its full service record keeping facility, SaveDaily provides participants with daily valuations and full-featured web access, all while maintaining compliance with pre-determined mutual fund models or approved product lists. All tax reporting, performance reporting, confirmation and statement delivery is provided by SaveDaily directly to investors, or integrated into existing partner operations, for a seamless flow of regulated information to investors.

By providing its platform indirectly through various partners, SaveDaily has created an extended distribution channel for ultra-low cost mutual fund investing. SaveDaily also offers investments and record keeping services directly to clients.

The Company’s clients include: ACS/The hsa Solution, Patelco Credit Union, USBank, UMB, and BNY Mellon.

The Company’s services are offered through these sponsoring companies: Goodwill, Xerox, Black Wealth Network, Walmart and Culligan to name several.
Services through a partner are reasonably priced, as evidenced by a comparison of Patelco’s charges to its depositors:
Patelco’s branded “InvestDaily”: $5.95 per month for unlimited trades
Schwab: $8.95 per trade
eTrade: $7.99 – $9.99 per trade
ShareBuilder: Up to $19.95 per trade or $4.00 per automatic investment
Competitive StrengthsSaveDaily believes it has achieved “first mover” status in the industry after working over 8 years toward development and solution refinement, as well as forging key strategic operational partnerships. Competitive advantages include:
  • New Business Processes Result in Low Cost Infrastructure for the Industry. SaveDaily built its platform with a focus on efficiency and cost-effectiveness unconstrained by legacy systems. The platform utilizes technology to reduce costs for providers in existing markets and create new market opportunities for non-traditional financial services providers.
  • Proprietary Sub-Accounting and Record Keeping System. SaveDaily has created an all-electronic, low cost sub-accounting system that often materially reduces the cost of administering a brokerage account.
  • Straight Through Processing. SaveDaily’s platform utilizes straight through processing of mutual fund transactions, connecting its partners’ investors directly to the investment product, reducing the number of steps and people involved in transaction processing.
  • Money Movement Technology Architecture. The platform’s multi-source/multi-destination money movement architecture is capable of receiving funds from a variety of sources and pushing funds to a variety of destinations via secure electronic networks, resulting in nearly frictionless transactions.
  • Completely Paperless System. The platform supports online registration, electronic transactions via the ACH network, electronic trading capabilities, electronic confirmations, prospectuses and quarterly statements, plus electronic tax reporting.
  • Micro-Investing Capability Attracts New Investors. SaveDaily’s platform enables investors the ability to invest amounts as small as $0.01 into multiple nationally known mutual funds. This capability enables partners to serve mass market and mass affluent investors, addressing an estimated 51% of domestic households that have yet to purchase mutual funds.
  • Breadth of Expertise. In developing and delivering the platform, SaveDaily has acquired a cross-discipline combination of re-engineering processes, innovative technology, business agreements with fund providers and banking entities, financial licenses, and a carefully designed legal and regulatory structure.
  • Customizable Private-Label Solution is Built for Integration. SaveDaily has applied the knowledge gained in its years of experience running a direct-to-consumer website to optimize the platform specifically for partner integration. The Application Programming Interface (API) based model, open architecture, and adherence to data transfer standards allows for transparent integration in support of our partner’s branding efforts.
  • Addresses Large Marketplace. At the end of 2009, there were approximately 271 million mutual fund accounts in the US, representing 44% of US households, having an average account balance of $40,500. The market addressed by the Company’s products represented nearly $5.5 billion in revenue in 2009 from account administration and servicing fees, in addition to advisory and distribution fees from assets under management.
To summarize, SaveDaily’s technology platform allows clients to reduce costs of managing investment accounts to price points that are consumer friendly and profitable for the service provider. The scalable design of the technology allows for rapid expansion and integration with existing programs. Management believes that this “brings the investment world of Wall Street to the savings needs of Main Street.”Management

This outstanding management team and board is very well connected and brings decades of industry, financial and public company operating experience to SaveDaily:

Harry Dent Jr., Chairman of the Board

Harry S. Dent, Jr. is widely recognized as one of the world’s foremost experts on the business impact of economic, technological and demographic trends in society. A renowned investment strategist and international best-selling author, Mr. Dent also advises the AIM/Dent Demographic Trends Fund and the Van Kampen Roaring 2000s Unit Investment Trust, and manages the Dent Strategic Sector Fund. Earlier in his career, he was a consultant with Bain & Company, a leading international consulting firm, where he counseled at the highest levels of business strategy for Fortune 100 companies. He has been CEO of several entrepreneurial growth companies, and currently sits on the advisory boards of several financial services companies. Mr. Dent received his MBA from Harvard Business School, where he was a Baker Scholar and an elected member of the Century Club, for leadership excellence.

Jeffrey W. Mahony, Director, Chief Executive Officer

An executive with more than 17 years experience in Internet Strategy development and large scale project management for financial trading systems, Jeff is the company’s chief executive officer and a founding member of SaveDaily. Prior to joining the company, he served as founder, president and CEO of the Jeda Group, an Internet strategy firm serving small and middle – market financial companies. He has also worked with TRW’s “Space and Defense Sector to Smart Technologies,” a start-up focused on financial modeling using predictive algorithms. Mr. Mahony is a graduate of the University of California, Los Angeles with a bachelor’s degree in cognitive science.

Gregory D. Vacca, Director, President

Mr. Vacca joined SaveDaily in May, 2011. He has had extensive financial services experience with senior management positions in First Nationwide Investments, Cal Fed Investments and US Bancorp Investments, in addition to consulting with major insurance, investment and other financial institutions. His industry service includes Director/President of the Financial Institutions Insurance Association (FIIA), President/Director of the Bank Insurance and Securities Association (BISA), and Trustee for the National Association of Insurance and Financial Advisors (NAIFA).

Within the technology arena, Mr. Vacca was a Principal/Founder of the CoreLink Group which provided a trading platform for investment reps and was President and CEO of EncounterPro Healthcare and WiFiMed Holdings which provided electronic health records to ambulatory care physicians. Mr. Vacca was graduated from the University of California, Irvine with a B.Sci. degree in Biological Sciences and from the San Francisco Theological Seminary with a Master of Divinity degree. He holds Certified Financial Planner and Chartered Life Underwriter designations. Mr. Vacca oversees the Registered Investment Advisory services of the Company.

Kenneth P. Carroll, Director

Mr. Carroll is a founding member of SaveDaily and served as Chief Financial Officer for SaveDaily from 1999 to June 2011. From 1997 to 1999, he served as Chief Financial Officer and Vice President of Operations for BKM Total Office of California, a distribution company with $85 million in annual revenue. Prior to BKM Total Office, Mr. Carroll worked with Steelcase Inc., Peterson Consulting, LLP, in Los Angeles, and as a development consultant for Prudential Real Estate Affiliates. He holds a Master’s Degree in Finance from the University of Southern California, as well as a Bachelor’s Degree in Economics from the University of California, at Irvine.

Pauline Schneider, Chief Financial Officer

Ms. Schneider was appointed SaveDaily’s interim CFO in June of 2011. During the past twenty years, she has served in an executive capacity with several private and public companies and since June 2008 has been an independent consultant to various corporations for which she provides accounting and business advisory services. Ms. Schneider served as Management Consultant for House of Taylor Jewelry, Inc., from May 2007 to June 2008 and served as its Chief Financial Officer from October 2005 to April 2007. She was responsible for all accounting, administrative and financial reporting functions, including SEC compliance and listing on the Nasdaq National Market for Taylor Jewelry.

Ms. Schneider served as Vice President of Finance for PRB Gas Transportation Inc. from June 2004 to August 2005 where she oversaw three rounds of private financing, an initial public offering, two material acquisitions, and listing on the American Stock Exchange. She has been a Director at Steele Recording Corp. and Steele Resources Corporation since July 1, 2010.

Matthew Nunez, Director of Business Development

Mr. Nunez brings over twelve years of Business Development experience to SaveDaily. He has successfully taken three companies from startup to sale. Matt’s professional relationships have proven to be a great asset to SaveDaily’s business development expansion. His entrepreneurial background has proven to augment SaveDaily’s Management and Business Development teams to further SaveDaily’s positioning in the marketplace. Since joining with the SaveDaily team, Mr. Nunez has helped to shape systems and put connections in place to bring it to the next level.

SaveDaily does not have any independent directors at this time.

Financial Summary

SaveDaily is just now emerging from its development stage. Since inception in 1999, SaveDaily has received more than $14 million in equity from private sources in order to develop its fully integrated platform of technology solutions.

Summary Income Statements
For Last Two Fiscal Years
P&L Data (000s) FY 2011 30-Apr FY 2010 Apr 30 Difference
Revenues 899 812 10.71%
Gross Profit 899 812
Operating Profit -474 -436
Net Income -458 -531 -13.75%
Diluted EPS (0.04) (0.06)
Avg Wtd Diluted Shares 23,436,442 22,203,689
During the most recent two fiscal years (ending 4/30/11 and 4/30/10), the Company has posted net losses. Revenues rose 10.7% YOY, while net loss was reduced by over 13% YOY, and loss per share declined from $0.06 to $0.04.At this point in its development, SaveDaily makes an excellent takeover candidate. A comparable business, ShareBuilder, a privately-held Seattle-based brokerage company with a low-cost, direct business model, was acquired in 2007 by the Dutch bank ING NV for $220 million. ShareBuilder offered services to early stage investors through a limited set of simple and high-value investment products including stocks, exchange traded funds, options and automatic investment plans.

Recent News:

October 6, 2011 – Harry S. Dent, Jr., Chairman of SaveDaily, Inc. Delivers Economic Perspective to Credit Unions

Harry S. Dent, Jr., the company’s Chairman, provided keen economic insights and forecasts to participants of the Annual Conference of the Product and Research Organization for Credit Unions (PROCU) which was held this week in Laguna Beach, CA, October 2-4.
Click Here to read the full release:

September 28, 2011 – SaveDaily Introduces Proprietary Financial Services Platform at Intuit’s 12th Annual National Client Conference

SaveDaily, Inc. introduced its proprietary low cost mutual fund trading platform to attendees at Intuit’s 12th Annual National Client Conference in Los Angeles, CA earlier this week. Over two hundred financial institution partners of Intuit Financial Services were in attendance. Senior management from credit unions and banks experienced how the SaveDaily platform can bring suitable and affordable investment services to their customers through their own branded solution.
Click Here to read the full release:

September 21, 2011 – SaveDaily to Open LD MICRO Invitational

SaveDaily, Inc. will be opening the LD MICRO Invitational investment conference on Thursday, September 22 at 8 a.m. at the Luxe Sunset Bel Air Hotel in Los Angeles. Jeff Mahony, SaveDaily’s CEO, will present the company to attendees – the first public presentation since the company merged with Nine Mile Software last month. SaveDaily was founded to provide people of all income levels the information and tools necessary to invest and self manage their short and long term savings goals. The company has developed a proprietary financial services platform that helps investment advisors, banks, credit unions and other financial intermediaries succeed in bringing suitable and affordable investment services to everyday savers and investors.
Click Here to read the full release:

SaveDaily, Inc.
3020 Old Ranch Parkway, Suite 140
Seal Beach, California 90740
(562) 795-7500
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