AS-IP Tech Inc (IPTK)

[asiqlimited]

Extract from my earlier post


“2. In Indonesia we have licenced the program in total to JAI. In return we receive royalties on gross revenue on airlines they secure. They are responsible for all funding, marketing, support, operations, revenue generation etc.

Our logic is as follows:

Regarding Indonesia, we made the decision that Europe is our focus. Being a small company we cannot fund everything or spread ourselves to thin during launch phase.

This was the most cost effective way to launch in Asia, without impacting on our launch funding for Europe.”