- On May 25th, 2016 STL Marketing Group, Inc. (OTC: STLK), the "Company", has created a new 51% owned subsidiary to handle the sale and commercialization of the Hound Software product that has been developed by Kinetos, S.A., a Costa Rican privately held corporation ("Kinetos"). Kinetos owns the remaining 49% of the subsidiary. This subsidiary named, Kinver Technologies, Inc. ("Kinver"), is a Florida corporation, in good standing.
Kinetos has already deployed the various software solutions with clients in Costa Rica and has more than twenty-five years in business. The Company has secured a web site for Kinver Technologies (www.kinvertech.com) that will be forwarded to the brand's main site (www.houndsoftware.net) and will operate as a D/B/A in Colorado as Hound Software. The Company will consolidate Kinver's financials as required.
The Hound Software platform is comprised of various modules that can be sold separately or as a suite- e.g. Data Wrangling and Automated Workflow. While software has ongoing and perpetual research and development, the product is viable, deployed and installed at clients' sites and can be sold and deployed "as is" in the United States market immediately. Kinver will use that existing product to deploy and sell in the US market and plans to sell the software under the Software as a Service or SaaS model.
