First Healthcare has been a leading provider of record keeping solutions for decades, building relationships with most of America's leading healthcare organizations. We are a strategic partner to the IT teams at health systems like Advocate Healthcare, Meridian Healthcare, Johns Hopkins and Memorial Sloan Kettering. As we continue to create new solutions to perfect the deployment of computer hardware into healthcare workflow, we have built a reputation for high quality that is bringing us new opportunities. At this time, we are preparing to build an inventory to grow this business and have turned to the Kickfurther community for help. The funding from this first deal is primarily to begin the relationship with the Kickfurther community who we hope will provide greater support as our Optiplex program grows and earns additional customers. We see this is the first of many successful Co-Ops and look forward to working with the community to make that happen.
We have been investing the rest of our profits into product design and marketing, launching several exciting new products in the last 18 months and a new website.
You will be funding specifically the Optiplex cart was designed as an OEM cart for one customer. This Co-op is to fund inventory for the first round of shipments in an annual supply agreement with the customer to provide 500 carts per year. We have already shipped 40 carts against their opening PO for 100 with payment due to us for the first 30 carts on May 16, 2018. The remaining 60 carts are projected to ship by end of June per customer forecasts and we are projecting ongoing sales at a rate of 30 carts per month to this customer. Now that the program is launched we will begin marketing the Optiplex cart to other similar customers and more widely on our e-commerce platform.
Here is a summary of our credibility metrics which is repeated in the vetted area below.
Our current legal entity was formed in 1983.
Our annual revenue the last three years has been in the $5,400,000 range.
Our recent clients have included, but not been limited to: