RedHawk Holdings Corp (fka SNDD)

[Mondragon]

Did some DD.

On March 31, 2014, Independence Energy Corp. (“we”, “us”,“our”) entered into and closed an Asset Purchase Agreement (the “Agreement”) dated for reference March 31, 2014 with American Medical Distributors, LLC (“AMD”). Pursuant to the agreement we have acquired from AMD all right, title and interest of AMD in and to a certain distribution contract (the “HuBDIC Agreement”) dated November 27, 2013 with HuBDIC Co. Ltd. (“HuBDIC”), a Korea corporation, pursuant to which AMD has been granted the exclusive right to distribute in the Americas certain professional and consumer grade non-touch thermometers known as the FS700 Pro and FS-700 (retail version), and any future versions.

The material terms of the HuBDIC Agreement are as follows: (a) term of 5 years from November 7, 2013; (b) subject to FDA approval of the HuBDIC products, which is anticipated, we are required to purchase a minimum of 3,000 product units for re-sale during year 1 of the distribution period, 8,000 during year 2, and 15,000 during each subsequent year; (c) a $10,000 distribution fee paid to HuBDIC by AMD will be credited toward the first product order; and (d) the deposit is refundable to us at our election, and we may terminate the HuBDIC Agreement in the event FDA approval is not granted by April 26, 2014. The maximum HuBDIC may charge IEC for the product is $19.99 per unit.

So, IDNG is to purchase a total of 56,000 units for a maximum of $19.99 per unit.


That begs the question, how much will they sell them for? The answer may be around $130 each.

Price Reference:
http://www.efirstaid.com.sg/product_info.php?products_id=238

That means that IDNG stands to gross over $7,000,000 with a 550% profit margin. Again, 56,000 is the minimum order amount.


They are not sold in the United States. They're only available in South Korea or shipped from South Korea.

Here is an instructional video on the FS-700.

http://www.firstpost.com/topic/person/alberto-tomba-hubdic-thermofinder-fs-700wmv-video-3sTG07pj4Eg-12977-1.html

The deal is contingent on FDA approval for the FS-700 for sales in the US. They're anticipating approval, as said in the most recent 8-K. I see no reason that the FDA wouldn't seeing as it's just a thermometer.