After months of evaluation and assessment, we are excited to announce with confidence that we are moving forward with the development of an online membership environment for US Fencing. We are currently in the final stages of contract negotiation with Hang-a-Star, who will provide us with a comprehensive membership solution that will meet the needs of the entire organization. Additionally, it's important to note that they have agreed to bill us for ½ of the development in this fiscal year, and ½ in the subsequent fiscal year to help us with our current cash flow considerations.
As you can imagine, this was a difficult decision as a number of other vendors also submitted solid proposals that would also meet the needs of the organization. Factors which differentiated Hang-a-Star from the other proposals and led to the selection include the composition of the staff team, the array of resources they bring to the table, the level of customer service that can be provided, and their demonstrated experience in providing similar solutions to other NGB's and large sport organizations. As a result, we are confident that they are the right fit for all of us.
We are grateful for the significant contributions from those who played an integral part in this process, and a special thanks is in order to David Sierra, who effectively worked with our staff in developing the necessary assessment protocol as the lead in the Technology Development Task Force. As we now move forward with the discovery phase, we recognize that the vast degree of technical knowledge, insight, passion for the sport of fencing, and commitment to excellence that resides in this group will serve as a tremendous asset in developing the solution that meets the needs of all stakeholders across the organization.
As mentioned before, we are targeting an initial rollout of the solution at Summer Nationals, and are working with the Resource Development Committee to provide the opportunity for a large portion of our stakeholders to be able to experience the new environment. On behalf of the US Fencing, I want you to know that we are aware there will be bumps in the road as we move forward with this project.
Please be patient with us and support us as we take this exciting step in the history of US Fencing.
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