Viratech Corp. (VIRA)

[Ryan8]

Good simple read on understanding Viratech's Business Model

https://www.otcmarkets.com/stock/VIRA/news/Viratech-Delivers-First-Social-Knowledge-Wiki-to-Cancer-im--Inc--Receives-5--Royalty-and-Developer-Naming-Rights?id=165587&b=y

Basically Viratech will build, operate, a social knowledge wiki on behalf of a client wishing to consolidate a specific vertical (www.cancer.im going for the cancer patient vertical). It looks like a typical deal (from cancer.im disclosures) is to take a 5% royalty with a stepped buyout option as the network grows.

In return they get a royalty and naming rights off the technology they engineered.

What is interesting and you need to read what they have published (a lot) is that Viratech sees using there technology in curating and sourcing information in a way that it becomes structured (Knowledge) which appreciates over time. Once you understand this, you see how valuable the tech is in areas of semantic search and where the next land grab on the internet is heading.

In a world of information overload, Viratech is creating the software to separate the knowledge from the noise. With this knowledge having verified outcomes attached is a powerful research tool. IMHO