Cdex, Inc. (fka CDEX)

[Crow3]

It is somewhat amazing how much stuph can be found by GOOGLING PEMCO LLC + CDEX.

During the fourth quarter of fiscal year 2010, the Company received approximately $483,000 under our Exclusive Distribution Agreement (“Agreement”) effective August 20, 2010, with a number of signatories including PEMCO, LLC and Messrs. Peter Maina, Thomas Payne (a former Director of the Company), Robert Stewart, and Scott Newby (“the “Signatories”). The Agreement grants exclusive United States distribution rights for all products developed by CDEX for application in the field of Oncology. The Agreement was terminated in the fourth quarter of 2011 and all of the then deferred revenue under the Agreement was recognized. 8,670,000 shares of restricted Common stock, valued at $433,500 were issued to terminate the agreement. The termination is reflected net of the remaining previously unrecognized deferred revenue of $364,833 in the statement of operations. The agreement was terminated to enable the unrestricted marketing of the new G4 ValiMed unit.

The first "product" produced by JB was HOT AIR at 483 K bucks. Yep, PEMCO was there. Really just the sale of shares..as usual.

But HEY, CDEX did get the "unrestricted marketing of the new G4!!!
Of which they have as yet to market even one, though.. Wonder what the holdup can be?? LOL!