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Looks like the company is already making money.

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Deuces   Wednesday, 04/29/20 08:47:07 PM
Re: None
Post # of 5259 
Looks like the company is already making money. From the 8k in March.

Effective March 18, 2020, IIOT-OXYS, Inc., a Nevada corporation (the “Company”), entered into the Collaboration Agreement (the “Agreement”) with Aingura IIoT, S.L. (“Aingura”) pursuant to which Aingura appointed and authorized the Company to act as the sales network of Aingura’s services and products. Aingura delivers engineered, high-tech solutions by implementing Smart Factory Operational Architectures. The Agreement has an initial term of one year from the execution date. Unless terminated prior, the Agreement automatically renews for successive annual periods, unless either party notifies the other in writing of its express intention not to renew the Agreement at least two months prior to the date of termination of the Agreement. Within ten calendar days of the execution of the Agreement, the Company will receive $46,500 from Aingura as an advance for certain accounts receivable of the Company from other clients and that amount will then be deducted from future moneys to be paid to the Company pursuant to the Agreement. The commission the Company will receive for each sale concluded pursuant to the Agreement will be determined by applying 15% of the net sale price of Aingura’s services and products sold, that is, the sale price once the taxes, commercial discounts and technical works developed by the Company on the contract have been deducted. Each party must refrain from performing the professional activity of promotion or sale of identical or similar and/or concurrent or competitive goods or services to those of the other party for the clients listed in an Annex to the Agreement during the term of the Agreement and one year from the date of termination of the Agreement. http://irdirect.net/filings/viewer/index/1290658/000168316820000870/

Aingura’s customer base consists of; Volkswagen, ABB, GE, Siemens, Jaguar, GM and Ford.

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