Quizam Sells OnTrackTV.com License to UK for $150,000 CDN Plus 30% Royalty Fee
Under the terms of the contract BEST is paying $150,000 for the license and 30% of all gross revenues derived there from. BEST must achieve minimum gross sales per year in order to keep the licence in good standing.
Russ Rossi, President, states, "Our On-Line training division called OnTrackTV.com has received much positive attention in recent months. This is our first International Contract. Our OnTrackTV.com is so attractive to corporations that I'm sure there will be more to come."
About Quizam Media Corporation (www.quizam.com)
In addition to the FlashCard software division Quizam has a training division (Ontracktv.com) specializing in On-Line Corporate Hard and Soft skill training. For a cost effective subscription fee corporations can keep their employees skills up to date via the internet.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and nature of potential acquisitions, joint ventures, partnerships, business dealings and financings, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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