Replies to post #814 on PTS, Inc. (PTSH)

[Speziale]

Ok, now today the 8 is over. Now we have the ask about 9. How long?

Filing 30.06.2004

NOTE 4 LICENSE AGREEMENTS

The Company has acquired the exclusive rights in China, Malaysia,
Singapore and Thailand and the right of first refusal for other
countries to manufacture, sell and distribute, under private label,
the Glove Box. Pursuant to the licenses, the Company will pay the
licensor 10% of gross revenue of units sold. The initial license
period is through December 31, 2005. After the initial period, the
Company will pay a minimum payment based on minimum sales. The minimum
amounts will be established by the parties in the first quarter of
2005. The license will renew automatically for three year terms unless
either party advises the other 90 days prior to the expiration of the
agreement of their intent not to renew.

As consideration for the acquisition of the licenses, the Company is
to pay the former shareholders of PTSPI fees aggregating $800,000
($500,000 for China and $100,000 for each of the other countries)(see
Note 5). The fees may be paid in cash or stock (at a 60% discount to
market). The Company has issued 100,000,000 shares of common stock,
valued at $900,000, in settlement of $390,000 of this payable and has
agreed to issue 3,200,000 shares of preferred stock in settlement of
an additional $160,000 of the payable. The preferred shares were
issued in July, 2004 and are included in preferred stock to be issued
on the June 30, 2004 balance sheet. There is a remaining balance of
$250,000 due at June 30, 2004. The preferred shares were issued at a
discount to market value and, as a result, $160,000 has been added to
the cost of the licenses acquired.

If the News is coming about the finish with an JV, than you don´t have a dicussion about whethter you buy for 8, 10, 15, or 20. Than wie are speaking about 100, 200, etc.