VIDEO TRANSCRIPT So, give us an idea of how this works, first of all. Well, for the end user, Eatigo works very much like a restaurant reservation platform. You go online, you look at our inventories, you find a place that you like, you book, you go, you eat, and you pay. There is no change in the way how a normal reservation behavior works, You don't have to put credit card information, there is no coupons involved and no prepayment. So it's very easy for the end user. So how do you make money from it? We make money by charging the restaurants a fee for every single diner that joins. Again, very much like a restaurant reservation platform, but since Eatigo has the capability of shaping traffic for the restaurant down to a single 30-minute slot, it's a sophisticated product, and we charge a premium for it which the merchants are happy to pay. In fact, I think we monetize really well because we charge a multiple per diner, compared to what reservation platforms charge. So Michael, I ring up I go and cat, I get the bill and the bill just has, let's say, if I'm dining at 3 o'clock in the afternoon, it has 50% off I just order what I want, and the bottom my village has a 50% discount, right? That's right We have 300 merchants on the platform, all of which are discounted all day and every day, and all of which guarantec several 50% discount |INAUDIBLE| cvery single day, creating a set of inventories and is truly unique, I would say, around the globe. And what makes it special for the restaurant is the capability of sending the dincts exactly when they want them to come. A normal reservations platform, or a social buying platform will send 80% of their diners in peak hour, whereas Eatigo will send 80% of its diners in off-peak hour. So you could say, in a way, that this makes us the anti-social buying platform or the anti-traditional restaurant reservation platform, I mean, from what I can tell, it's a bit like Groupon but without the coupon. Well it's different from Groupon in the sense that for the merchant, we guarantee when they users will come So you could say it's the anti-Groupon a the sense that we send the users at a completely different time. It's also different from Groupon for the merchant in the sense that we guarantee a positive profil on every table that we fill, and it's a lot more discreet. Because, as you said, the coupons are not there anymore. So we get the top 5 *6 hotels of this world and the real thing dining establishments to join in as well, For the user it's very different because there's no pre-payment, and there is a lot more selection, and a lot mor quality of restaurants You know, like a average social buying platform, will have 10. 15 deals a week. We have 300 deals any day of the week, and they are never off. OK it's not just, of course, you can have the app here as well. But I want to get to-- you're in Thailand. You're in Bangkok, chicfly, and also you rolled oul in Singaporc, How many users have you got, how many restaurants have you got on your books there in Singapore now? June 2- Eatiso Group CEO and Co-Founder Michael Cluzel discusses his restaurant booking app, how it works and the discounts they offer during off peak hours. He speaks to Bloomberg's Rishaad Salamat on Trending Business Watch the video then answer the following. When does a customer make payment for a meal booked with Eatiso? At the restaurant, before dining Online, after dining O At the restaurant, after dining o Online, during the booking process e Textbook and Media When a restaurant receives payment for a customer made a reservation with Eatigo, what accounts are affected? O Accounts Receivable and Service Revenue O Cash and Service Revenue O Cash and Accounts Receivable Cash and Unearned Revenue eTextbook and Media