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On August 8, 2018, Optimized Fuel Technologies OPTI

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budfoxfun Member Level  Thursday, 08/30/18 10:17:03 AM
Re: None
Post # of 732 
On August 8, 2018, Optimized Fuel Technologies OPTI entered into a contract with a nationwide automotive distribution company that desired to purchase the OPTEC™ Fuel Maximizer on a manufacturer direct basis. Over a 3-year period, the contract represents minimum sales in excess of forty million dollars. Whereas the Company owns the exclusive licensing rights to sales of the OPTEC™ Fuel Maximizer; per the Royalty agreement dated August 27, 2018. Although the Company's revenues will be less per the contract, its gross profit is anticipated to be higher as it will not have to be subjected to inventory, quality control, freight and staffing for distribution.

$GM

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