Replies to post #64756 on Bots Inc (BTZI)

[lesgetrich]

They are looking for a partner who will take an equity stake and run the company while they focus on selling the product(s). From investopedia...

JV

DEFINITION of 'Joint Venture - JV'

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it. However, the venture is its own entity, separate and apart from the participants' other business interests.

Now whether the deal results in a separate company from the partner or the partner merges with VitaCig is an open question and up for negotiation.