Ya not quite. Here is the real story. Cut and Paste Right off the 10 Q filed in November.
It's real life not Fantasy Land.
ASYI owns nothing. I fact they were being sued for rent by the landlord. Mr Ullah lost his money just like everybody else.
"The Company negotiated an exclusive licensing right to develop and market a proprietary business platform called jetEngine? ("jetEngine") for the airline industry and is in the process of building a software program while simultaneously creating an infrastructure for sustainable growth prepared to enter the commercial stage of its business life cycle.
The Company has received a Notice of non-renewal with regard to this technology license.
On September 7, 2011, Dynamic Intelligence Inc. ("Dynamic") provided the Company with a Notice of Non-Renewal, pursuant to an Intellectual Property Agreement (the "Agreement") entered into by the parties on December 9, 2005. Pursuant to the terms of the Agreement, the term of the Agreement would be automatically and continuously extended in one (1) year increments unless either party provided notice of non-renewal at least ninety (90) days before the end of the then-current term. Due to Dynamic's Notice of Non-Renewal, the Agreement will not renew on December 9, 2011.
The Agreement provided the Company with an exclusive and perpetual license to Dynamic's intellectual property, which permitted the Company to use such proprietary technology to develop a unique proprietary business platform for the airline industry that is comprised of systems and mathematical algorithms capable of generating significant improvements in strategic planning capabilities, resource scheduling, revenue management and integrated operations
AI
