where's the money coming from ???
this is one...
PayPro, Inc. Signs Joint Venture Agreement with Trinitum Group
Oct 18, 2006 11:08:00 AM
Copyright Business Wire 2006
DALLAS--(BUSINESS WIRE)--
PayPro, Inc. (Pink Sheets:PYPR) is pleased to announce the signing of a Joint Venture Agreement with the Trinitum Group.
The Trinitum Group is a company with insurance companies insuring infrastructure projects in Latin America. They are also working with Hill International (www.hillintl.com) and PayPro, Inc. on the Panama Canal expansion Project bids. This agreement will have a major impact in the Latin American region and the world.
Mike Terrell, PayPro, Inc CEO, stated, "The joint venture agreement creates a long-term alliance on major projects in the region. Trinitum recently signed an agreement to provide all the insurance, for the next 50 years, for the major toll road that crosses Mexico City. Included in the agreement is a 50 year revenue sharing clause, worth over $150,000,000 over the life of the contract to PayPro, Inc. The group will provide more than 51 types of insurance to the project. PayPro also gives the Trinitum Group the ability to bid on the employee payroll, toll tags, readers, and a state-of-the-art RFID debit card toll payment system also a 50 year contract which alone would increase PayPro revenues $35,000,000 to $70,000,000 a year. This joint venture represents a major opportunity for PayPro to solidify its long-term financial growth and adds another major revenue stream."
good for min. 10.000.000 per quarter