ES_MILCS - MILCS? Executive Summary(Final) 06/01/2011...

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MILCS ?                                     Executive Summary(Final) 06/01/2011 MILCS, LLC  was formed  in  2012 to  develop  advanced  innovation   to provide  customers  with   the  most  straightforward and convenient road navigation in Republic of Korea.  Overall, our company can be characterized as an electronic equipment and service provider specializing in  developing the automobile navigator, named SmartGuide 1G, and related central system for the logistic  companies. Background MILCS strives to provide navigators with related technology to the logistic companies aims to lead faster  delivery service. Now MILCS is deploying all resources and capabilities, as well as its fundamental business  model, to focus on the niche market.  MILCS, LLC will be established as a Limited Liability Company based on consensus of all founders. This  structure will give us the greatest tax and operational advantages based on the nature of our business and  reduce the business risks. We have just started the development of product with outsourcing in China in order to have a low operation  cost. We will first try to negotiate a favorable price with the suppliers and then try to build a long-term mutual  trust with the transportation company in order to get a low payment on transportation. We use a cross- functional system for our after services system. This structure will give us the operational advantages based  on the nature of our business and our anticipated growth.  MILCS will be located at Seoul, Republic of Korea, where we can deliver our products and services faster to  meet our customers’ demands. The main office will be together with the warehouse. Office expansion will be  achieved if we can have a larger scale of sales improvement in the future years. Market Opportunity  Navigation market has been flourishing for a long time. Even with prevalent distribution, constant demand is  detected   incessantly   over   periods   of   time.   Recently,   however,   navigation   industry   is   confronting   novel  fluctuation of threat from smart phones to tablet PCs. Not only the advent of those products enthralled the 
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This note was uploaded on 11/22/2011 for the course BUS 401 taught by Professor Terrywilson during the Spring '11 term at Solano Community College.

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ES_MILCS - MILCS? Executive Summary(Final) 06/01/2011...

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