NeoMedia Technologies, Inc (NEOM)

[EDOQ]

Banks, another "strategic and long term partnership" (yawn).

Definition: Scanbuy has agreed to pay up front money and continued payments for the privilege of the relationship.

I'll be looking for the announcement of another series of VC funding for Scanbuy, they will have to pay for this "partnership" somehow.

There are conflicting statements in the PR:

(a) "partnership to market a range of 2D barcode services to mobile carriers in China"

(b) "The combined platform will be promoted by Chinese mobile operators"

NEOM has no patents in China, this market is wide open and has room for plenty of competition.

Any advancement of mobile bar-code services anywhere in the world is a good thing for NEOM in the long run. jmho