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DragonBear

02/19/13 10:14 AM

#141505 RE: Hardworkingfool #141504

We provide lables to R-pac...wrong

KMAG has licensed its technology to r-pac. At no point does KMAG make or supply tags for r-pac.

r-pac a Chinese company makes the tags, and ships to the customer (Walmart etc).

r-pac then pays KMAG a 1-3% royalty on sales depending on sale volume to the customer .

Reid pockets close to 100% of the royalty r-pac pays. Accrued value to stockholders $0.00.