Options Media Group Holdings, Inc. (OPMG)

[jimstr]

what rational human being would expect this company to have any revenue from the previous three months when there is no product for sale ?!?!

I'm the rational human being that expects sales in Q2

delivered in Q1...recognized in Q2

from the 10K


These efforts culminated in late March 2011 when we entered into an agreement with Quality One Wireless, LLC (“Quality One”), which markets its services as a leading global distributor of wireless phone products. Under the terms of an Exclusive Distributorship Agreement, Quality One is acting as an exclusive distributor of DriveSafe to retail outlets located in North America and Latin America. Immediately following entry into the Exclusive Distributorship Agreement, Quality One placed its initial order and we delivered our software. The order was for $300,000 however this amount is not recognized as revenue until resold by Quality One under the consignment arrangement discussed below. Under the Exclusive Distribution Agreement, beginning in October 2011, the Company is required to repurchase all products not sold within 90 days of delivery and all unsold products on the date of the termination of the Exclusive Distribution Agreement. During the first quarter of 2011, we delivered approximately $50,000 of DriveSafe software to Ralphs Grocery Company, a subsidiary of Kroger Co.