NPDT had great news out today,
Newport Digital Technologies, Inc. (OTCBB: NPDT) (OTCQB: NPDT) announced today a strategic business
agreement with TechVentures Capital Investment Corp and its principal, Roy Koo. NPDT also has become a reseller for LG Electronics (LG) Commercial Display products in the United States.
Newport Digital Technologies will focus initial sales efforts on the business-to-business commercial markets with emphasis on sports and entertainment facilities, hotels and hospitality venues and digital signage networks in retail stores. The company has already been retained by the San Diego Padres of Major League Baseball to revamp their digital signage and audio systems in Petco Park to optimize the fan experience.
Koo, the founder of TechVentures Capital Investment Corp, will become a 10 percent stakeholder in NPDT through the Koo Family Trust. Koo will also be a board advisor for NPDT as the company looks to expand its presence in the U.S. digital signage market.
Through these new relationships, NPDT also plans to launch a division that will be dedicated to deploying proprietary out-of-home digital signage networks (DSNs) in select retail chains based on a recurring advertising revenue model. The company also plans to explore similar revenue-sharing alliances with existing DSNs.
NPDT CEO Donald Danks, stated: "LG is one of the world's strongest brands in consumer and commercial electronics. With LG commercial display solutions, we plan to expand our digital signage marketing efforts into several large markets in the United States targeting opportunities in the hospitality, health care, retail, sports and entertainment and government and education markets.
