I just wanted to know if my memorie serves me right. Therefor I checked this one:
SANTA ANA, California, Oct. 14, 2014 /PRNewswire/ --
SaviCorp® (PINKSHEETS: SVMI) announces that it has entered into a five-year Exclusive Master Distribution Agreement with Beijing FlyingGlob
.. SaviCorp traveled to China in July 2014 to meet with FlyingGlob's CEO, demonstrate the DynoValve® technology, and finalize the terms of the exclusive marketing and distribution agreement. Based on the better-than-expected test results reported by the Chinese Government's environmental testing agency, FlyingGlob entered into the distribution agreement, which establishes a minimum annual purchase volume of 500,000 DynoValve® units during the first year. In support of this requirement, FlyingGlob is to purchase an initial order of 50,000 units at a price of $8.25 million.
SANTA ANA, CA- (NewMediaWire) - April 21, 2015
"Upon successful test results by the MEP, the distribution agreement between SaviCorp and FlyingGlob will commence and the first payment on the initial order of 5,000 DynoValves will be made as part of the 50,000 units that Flying Glob has agreed to purchase in the first year, as part of a seven year contract with SaviCorp that will generate a minimum of $680 million in sales."
