Our communication products included an international calling service delivered under the brand WQN, through our subsidiary, WQN, Inc. ("WQN"), and an enhanced toll free service delivered under the brand "800.com." Our prepaid international calling service, "EasyTalk," focuses on convenient features and the delivery of low cost international calls to consumers and businesses. WQN's global network offered customers secure, instant activation and immediate access to the service while eliminating the need to use a PIN or switch long distance carriers.
Effective June 5, 2013, DataJack, Inc. sold substantially all of the assets of WQN, Inc., our wholly-owned subsidiary, to iTalk, Inc., a Nevada corporation (the "WQN Asset Sale"). The assets included in the sale included all intellectual rights of WQN, including trade names and trademarks, and all rights and interests to and in the all customers of the International Long Distance division of DataJack , Inc., including but without limitation all the customers and/or subscribers of the following products: My WQN, Easy Talk, Premium and ValuComm and also including all current and previously registered Customers as well as all databases. The purchase price was $300,000. WQN accounted for approximately 47% of the Company's consolidated revenues in 2012.
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