Neobits is a business-to-business (“B2B") cloud platform powering an eCommerce marketplace that connects suppliers and wholesalers with global business buyers. Neobits is a business-to-business (“B2B") cloud platform powering an eCommerce marketplace that connects suppliers and wholesalers with global business buyers. The Company provides businesses the selection and efficiency of consumer eCommerce, while bringing global reach to niche suppliers and wholesalers. The Company’s proprietary platform offers business customers the internet’s largest virtual business-centric catalog, powered by an optimization engine that matches orders with suppliers and fulfillment partners. Neobits integrates leading B2B supplier and manufacturer inventory onto a cloud platform, providing content and catalog management, multi-channel online distribution and business intelligence for efficient fulfillment. The Neobits decision engine ensures lowest price, assured availability and efficient delivery, enabling customers to confidently make purchase decisions without the hassle of manual, one-to-many supplier comparison-shopping. Neobits has an online catalog of over 8 million products from over 15,000 manufacturers across 40,000+ categories. Through its extensive, carefully developed network of hundreds of suppliers the Company has instant access to over $100 billion worth of inventory in hundreds of stocking warehouses nationwide. The product breadth and selection offered by the Company has attracted a global customer base consisting of large corporations, small-medium businesses and government agencies. The Company, with de-minimums marketing spend, has served over 40,000 customers. Neobits generates transactional revenues from the sale of products through its online marketplace and has been growing revenues annually. 30% of revenues are generated from repeat customer orders. The gross margin on average are approximately 25% and the business is profitable with positive cash flows.