Tuesday, June 06, 2017 9:49:56 PM
On April 26, 2012, we entered into a License Agreement with Vital Supplies.
Under the terms of the Agreement, we have the right to market the products of
Vital Supplies as well as the right of use of the facilities of Vital Supplies
including but not limited to the sales and distribution facilities. Vital
Supplies is a business to business supplier or printer ribbons,toner cartridges
and ink jet cartridges. Vital Supplies purchases product from approximately
ten suppliers and then resell to other businesses. Vital Supplies strategy is
to purchase high quality products from many sources in order maximize customer
satisfaction and to minimize returns. As of July 31, 2012 we have had two
customers, Century Computer Products ('Century') and Reliable Printing
Solutions, Inc. ('Reliable'). Aaron Shrira, the sole shareholder of Vital
Supplies, is a 50% shareholder of both Century and Reliable.
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