Replies to post #7348 on iGen Networks Corp (IGEN)

[stervc]

With this IGEN & Sprint Contractual Agreement…

I can’t say it enough. Sprint is a $33.6 Billion company that absolutely would not be here unless they saw value enough in IGEN to generate significant revenues to want to receive 10% of their hardware revenue and 40% of their service revenue. This should not be ignored in my opinion:

Sprint is a $33.6 Billion company:
https://www.statista.com/statistics/217848/revenue-of-sprint-nextel-worldwide/
https://www.sprint.com/

https://finance.yahoo.com/news/igen-signs-wireless-business-consultants-170000530.html
Under the terms of Sprint IoT Factory, for each activation of IGEN branded product, Sprint receives 10% of hardware revenue and 40% of service revenue. IGEN receives the remaining 90% of hardware revenue and remaining 60% of service revenue per IGEN branded product activation. Under Sprint's Business Partner terms, WBC receives an activation fee from the revenue collected by Sprint from the sale of IGEN branded products.

v/r
Sterling