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Thursday, 08/29/2019 7:36:29 PM

Thursday, August 29, 2019 7:36:29 PM

Post# of 130139
Srmx will Setup operation for retail business in the United States including sales, marketing, finance, logistic and customer service. Plan for retail business in the United States in next 12 months: Our plan is to leverage our close business relationship with T-Mobile USA whereby the Company acts as the wholesaler of various manufactured NB IoT products to T-Mobile for onward retail by T-Mobile to approximately 2,000 T-Mobile stores across the US. Having initially delivered NB IoT product prototypes to T-Mobile for testing, acceptance and certification, we anticipate receiving product orders from T-Mobile which we will fulfill through our manufacturing relationships in Taiwan for delivery to T-Mobile, on a wholesale price b asis, for their resale at the retail level. To do this we would only need to set up a couple of order entry/tracking staff – leaving the retail aspect to T-Mobile to handle through their existing retail store infrastructure. We plan to also explore a similar wholesale to retail model with other retail outlets such as BestBuy!

This is a great opportunity for Srmx :)