Look who else got 30,000,000 shares of MEDT in 2008.
On June 10, 2008, the Tranzbyte division of the company announced that it signed a licensing agreement allowing MediaTechnics Corporation the right to adapt and utilize its copy protection technology. The term of the agreement was 25 years and called for an advance on a continuing royalty payment of 25% of the gross margin generated through the use of the technology by MediaTechnic’s customers. The Agreement provided for the Company to receive 30,000,000 shares of MediaTechnics Corporation common stock which had not yet been received as of June 30, 2008.
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