"The Unbeatable Team" ABHI and Bravatek: Marketing, Distribution, and Sales of Ambicom's Voosh Software 1. ABHI Licensing Agreement With Voosh, Inc.
Quote: 2. ABHI 8k details the License Arrangement with Voosh LLC in Terms of Percent Revenues Owed to ABHI:
PRESS RELEASE UPDATED: FEB 23, 2017
San Jose, CA, February 23, 2017 (Newswire.com) - AmbiCom Holdings ( OTCQB: ABHI ) announced today we have reached a licensing and distribution agreement with Voosh LLC , the industry leader in optimization software.
New AmbiCom CEO, Alain Lewand stated, “We are extremely excited to be working with Voosh and it’s management in partnering to bring this technology to potential new clients around the world” “With AmbiCom’s innovative and industry leading software, The agreement will allow AmbiCom to expand its growing client base to the Enterprise and SMB markets and increase revenues.”
Voosh CEO Kevin Cornell added, “As the founder of the company that created Ambicom’s optimization software, I was very excited to enter into an exclusive agreement with AmbiCom to bring this innovative optimization software to new clients worldwide."
Quote: 2. Bravatek will Promote, Sell and Distribute Voosh LLC Software:
Item 1.01 Entry into a Material Definitive Agreement.
On February 14, 2017, the Company and Voosh, LLC (“Voosh”) entered into a Software License Agreement (the “License Agreement”) in perpetuity. The License Agreement limits Voosh’s use and distribution of the Company’s software to the Enterprise and SMB markets, and requires Voosh to pay to the Company a royalty, quarterly, based on Voosh’s gross revenues from the sale and use of the Company’s software. Under the terms of the License Agreement, the royalty percent Voosh will pay the Company is 10% during the first twelve months, 20% during the following twelve months, and 30% in perpetuity thereafter. Voosh is owned by The Cornell Family Trust and Swoosh, LLC, majority holders of the common stock of the Company.
Bravatek continues to implement its rapid time-to-market new product releases through its Marketing Alliance Program ("MAP")
AUSTIN, TX -- July 26, 2017 -- InvestorsHub NewsWire -- Bravatek Solutions, Inc. (OTCPink: BVTK, "Bravatek" or the "Company") announces that it has executed a worldwide exclusive arrangement whereby Bravatek will promote, sell and distribute Voosh LLC's field-proven software that delivers improved capacity and performance of servers and workstations.
Dr. Thomas A. Cellucci, Bravatek's CEO, commented: "We are pleased to formalize this special business relationship with Voosh, who has earned a well-deserved reputation in the optimization of computer system performance, via on premises or cloud-based deployments."
Mr. Kevin Cornell, Chairman & CEO of Voosh LLC, stated: "We are pleased that we're joining the Bravatek team. Their marketing prowess, accomplished Board and management team, coupled with their in-depth knowledge of the public markets, will assist us in driving our sales growth. Together, we should make an unbeatable team!"