Finance / Compensation Committee Meeting June 4, 2013, Taipei

Call to Order Dr. Amado Espinosa 2

Roll Call Dr. Jim Poisant 3

Committee Members CityNameOrganizationAttendance 1Chinese TaipeiJames LiuCISA 2JapanTakashi IgarashiJISA 3MexicoDr. Amado EspinosaCANIETI 4MexicoSantiago GutierrezWITSA 5U.S.ADr. Jim PoisantWITSA

For the Four Months Ended April 30, 2013 Summary Balance Sheet Apr 30, 2013 ASSETS Current Assets Cash Accounts68, Accounts Receivable Net of Allowance160, Prepaid Expenses5, Investments - CD's256, Net Fixed Assets2, TOTAL ASSETS493, LIABILITIES & EQUITY Liabilities Current Liabilities Credit Card Payables Accrued Expenses26, Deferred Revenue109, Total Liabilities136, Equity Unrestricted Net Assets467, Net Income-110, Total Equity356, TOTAL LIABILITIES & EQUITY493,368.46

Summary Income Statement Jan - Apr 13 Ordinary Income/Expense Income Investment Income1, Program Income44, Other Income5, Total Income51, Expenses Contract Services26, Operations5, Salary and Benefits125, Travel Expenses5, Other Expenses Total Expense162, Net Income-110,731.72

Status on WCIT 2012 payment Karna Gupta (calling in)

Status on WITSA Event Licensing Fees 1.WCIT 2012 Balance Payment: Board of Directors’ decision to allow 3 years for (300K); if 300K not paid in 3 years payment reverts back to 400K 2.GPATS ½ Paid (On Schedule) 3.WCIT 2014 (Paid in Full) 4.WCIT 2016: Contract signed on May 24 th and sent back to ASSESPRO for processing by the Federal Government of Brasilia (Payment of $750K due NLT November 12, 2013)

Federal Government of Brasil will host an official launch of the WCIT 2016 in Brasilia JUNE 17, Status on WCIT 2016 Licensing Fee

Event Licensing Accounting 1)Revenue recognized when contract is signed 2)Recognize Revenue upon receipt of payment/s 3)Recognize revenue over length of agreement 4)Recognize after the event

 Finance Committee review June 4 th  Proposed 2014 dues: Combined score based on 2012 Global Spending Indices from Global Insight & 2013 Global Network Readiness index from WEF.  From 9 to 6 dues levels: $8,625 - $5,750 - $2,875 - $1,438 - $575 - $288  Level 6 for low income & low middle income countries ranking < 100 in GDP  Sustaining Members (new category): a Min of 50% more than scheduled  Few members will see major dues increases; a few reductions.  2014 dues (billable): $94,588 (+ Sustaining Members) Proposed New Dues Structure (hand-out)

Present Sources of WITSA’s Revenue Events (GPATS) $75K (WCIT) $750K Advisory Council $75K Dues $80K-$100K Global Partners $75K

Members reported that they receive funding mainly from three (3) sources: Recent Member Survey Results Membership Fees Events / Tradeshows Government Programs

 Members reported the following revenue sources not currently being used by WITSA: Listing of Sources that WITSA is not Using (1/2) Types of Services / ActivitiesGroup  Develop strategic program which members/ non members need to pay to use.  Support government agencies' program in return for administration/ marketing fees.  Organization of commercial activities under request of a third party (preparation of catalogue of exporters, organization of seminars for exporters. Event Management  AdvertisingMarketing  Govt. grants for specific initiatives and projects (these are not fixed but depend on the proposal or the initiative as the case may be).  Government Funding  International Funding (WB) Grants / Funding

 Members reported the following revenue sources not currently being used by WITSA (Cont’d) Listing of Sources that WITSA is not Using (2/2) Types of Services / ActivitiesGroup  Consultancy Projects  Business Services Outsourcing  Industry Standardization Services  Services for example: Business Meeting Software Application: we obtain revenue for rent of this software application, Consulting Services, etc.  Using AMETIC R&D activities that facilitate consortiums between companies of the ICT sector as a platform to attract new associates. For example, offer a special fee "to partner with AMETICf or a semester" for those who access our R&D services. This could be a very attractive offer; especially for the SME’s. Services / Consultancy  Membership Services (Training, Software Escrow, Meeting Room Hire)  Training Activities / Training and Seminars Training

Potential Revenue Sources 1B2B Portal 2.Dues (Sustaining Members Category) 3.WITSA Global Partner Program (Commissions) 4.WITSA Advisory Council (Commissions) 5.WITSA Member Grant Opportunities 6.The Millennium Edu Project 7.Digital Planet Sales 8.IMT Contact Center / ERM Certification 9Others to be discussed

 Dan Salcedo: Winner of top WITSA ICT Excellence Award  Founder Open Entry (B2B-B2C Site)  Mr. Salcedo prepared a sample site for WITSA: Potential Revenue Source: 15-20K + per year B2B Portal

Ways to increase income: Dues Structure (Sustaining Membership) Increasing Global Partners & Advisory Council Members (Quite feasible)

Global Partners / Advisory Council Present: Mexico, Taiwan, US (25K Each) Dropped: MDeC Malaysia (Supported former Chairman) Potential Revenue=$250, annually Present Corporations: Intel, Dell, EPAM, Microsoft, CISCO, Google - $90, Potential 150, per year

MillenniumEdu-Foundation Multi stakeholders (over 30 multinational corporations involved) Modelled after PISA Portugal project Educational ecosystem-teachers, students, K-12 Curriculum in native language 15 million laptops (under$ USD) ea. Opportunities for WITSA and members: Project management, integration, commissions, maintenance MillenniumEdu Project

MilleniumEDU Project Mario Fanco Founder Special Guest

OPEN DISCUSSION

THANK YOU 25