What i am reading here is that World Assurance Group Inc, owns and established World Global Group and that World Global Group Owns the technology, brand and revolutionary business modeland they will receive 10% of the power cloud set up revenues, aprox $600,000 per power cloud and an ongoing 3% of the energy revenues.
World Assurance Group Inc. (www.worldassurancegroup.com) (OTC Pink: WDAS) today announces that it has recently established World Global Group Inc. (WGG), a wholly owned subsidiary based in Miami, Florida. WGG develops, acquires and subsequently licenses innovative technologies that are sold through the established powerful Wor(l)d Global Network (www.worldgn.com) marketing channels and to other partners worldwide.
WGG has already secured its first agreement to its technology through www.powerclouds.com. WGG owns the technology, brand and revolutionary business model, applying the cloud-computing approach to the energy market, and already operates 6 Power Clouds around the world counting 32,313 participants in over 100 countries since 2013.
Under the licensing agreements, WGG will receive 10% of the Power Cloud setup revenues, amounting to approximately $600,000 per Power Cloud installation and an ongoing 3% of the energy revenues generated thereafter.
