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GrooveME progress will be music to the ears of its growing band of backers

The company is lining up deals on three continents - each of which could be utterly transformational. This will excite its loyal and growing shareholder base, which now numbers more than 800.
GrooveME progress will be music to the ears of its growing band of backers
No your eyes aren't deceiving you - three Bob Geldofs for the price of one on the karaoke version of the firm's technology

We’ve been following Grooveme for two years now and it has come a long way in that short time.

However, the next few months could be utterly transformational for the business, which has in its corporate cross-hairs multi-million pound deals on three different continents.

For the uninitiated, Grooveme is the latest offering from serial entrepreneur Alex Worrall (founder of AIM success stories Helius Energy, China Goldmines and D1 Oils).

WATCH: New demo centre at Knebworth 'a big step' for Grooveme - CEO Jake Seal

He and co-founder Jake Seal have now created a business at the forefront of holographic visual imaging technology that re-creates iconic and hero performances digitally, acts that are loved by music fans worldwide

The set-up (pictured above) was developed almost as a by-product of a process used to convert 2D movies to 3D, but also draws on some neat US technology. The concept started as a box that was initially two feet high, but has morphed into something larger and more impressive.

Grooveme plans to generate three different models – high end, mid-range and budget products. The largest will be the size of a transport container that could fit on the back of a lorry.

Equipped with special effects, the images themselves will be streamed from the cloud. One day, Grooveme units might be a feature of cinema lobbies, themed hotels, nightclubs or casinos, while the smaller units could be deployed as a new form of karaoke machine or jukebox.

To compliment the visual images, a truly innovative and IP patent pending 3D sound system that will allow the sounds to project from a musicians or other holograms mouth. This true 3D sound system is believed to the first in the world that combines 3D Sound and Vision together and has been developed with a leading UK University.

As we’ll see, the technology could be used to bring India’s politicians to the masses while resurrecting a Latin American music legend as well as other diverse applications.

Passage to India

Chief executive Seal has been on the sub-continent making some influential friends – and more importantly has lined up some multi-million pound business deals that could be utterly transformational, involving some of India’s leading political and entertainment figures.

With the help of an adviser, with close links to the giant Hinduja Group, Grooveme is planning to roll out 240 shipping container-sized units to take political and entertainment messages to the electorate.

In hologram format, but shown in real–time, leading figures will be able to address the millions who live in the remote towns and villages along with the country’s major cities.

GrooveME is teaming up with leading firms that specialise in trucking and outdoor advertising, and much of the initial investment to get the show on the road is being put up by its new Indian partners. Work could get underway to convert the trailer units in April for use from the end of June onwards, says Seal.

The deal value, meanwhile, could be in the order of £20m a year for the next five years. This probably only scratches the surface, says the GrooveME CEO.

There are multiple other opportunities to deploy the GrooveME hologram breakthrough in areas of entertainment, sport, events and advertising, he points out.

Singing Legend

Few people here in good old Blighty will have heard of Juan Gabriel, but in his native Mexico and beyond this Grammy decorated star is as big, if not bigger than Elvis was. His death last August aged 66 devastated his millions of fans.

GrooveME’s Seal tells me the company could create a permanent installation in his memory. This is likely to be part of a museum – like the Latin equivalent of Elvis’s Graceland, which receives tens of thousands of visits every week.

Allan Wilson, the GrooveME director responsible for the development of the 3D sound recordings, is one person that not only has heard of Juan Gabriel but actually worked with the legend on some of his recording sessions at Abbey Road Studios in London.

Thin White Duke? No, HoloJuke

The idea is a simple one, but it comes with some very heavyweight backing. For GroovME has come up with an iteration of the technology described as the Holo Jukebox, or Holo Juke for short.

In fact, this patent pending mini-breakthrough is in the process of a rather ambitious roll-out. GrooveME has teamed up with an as yet unnamed but very well known group of high net worth investors to roll the Holo Juke out to around 10,000 nightspots - mainly here in the UK and China, although some are in Europe’s holiday (and party) hotspots.

The theory goes the Holo Juke can supplant both the traditional jukebox and the karaoke machine to generate revenues for the nation’s bars.

Here’s how traditional karaoke works to boost pub and club income: takings are transformed when punters are allowed to sing along to their favourite songs. Now, with the holo Juke – this can actually happen with people performing alongside their favourite artists

It attracts those who wouldn’t normally venture out early or mid-week, as well as the office crowd looking for a bit of extra-curricular fun.

Anyway, GrooveME’s version of this bar-room staple will fit snugly in most licensed premises. More than that it is expected to pay for itself very quickly.

We could begin to see the physical units within as little as three months of a formal contract being signed, says GrooveME’s Seal.

Stock market listing

So where does all this put GrooveME? Well, if only one of these deals is done, in a very good position, according to co-founder Worrall. That’s great news for the company’s shareholder base.

The next step, hopefully, will be a stock market float, which could occur as early as next year.

“The driver for us is not just raising cash through to float,” says chairman Worrall. “We want to have active ambassador shareholder base much larger than the current investor base of around 800.

“We have the vision that with this large force of ambassadors who have a vested interest in the continuing success of GrooveME they will not only act as our positive agents of change, but will be able to build out an active music database with common objectives in music and rising share price.”

“As always, if anyone wishes an involvement with us on our exciting journey, and in whatever capacity, we would be delighted to speak to them if they get in touch via email: [email protected]

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Article
June 03 2016

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