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Seamless Wi-Fi to Acquire Mini Computer Patent |
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Tuesday, 21 March 2006 |
Seamless Wi-Fi to Acquire Mini Computer Patent
 LAS VEGAS, NV, (NAMC) – Wireless Internet security company, Las Vegas, Nevada based Seamless Wi-Fi (OTCBB: SLWF) has signed a definitive asset purchase agreement with privately held Vercel Development for the patent rights to a mini computer named Entertainment Device or “ED.”
According to a Form 8-K filing by Seamless Wi-Fi, the company has agreed to purchase the “ED” patent for approximately $500,000. They have further agreed to pay royalties to Vercel as it relates to sales, if a sale is executed from Seamless Wi-Fi’s efforts then Vercel receives 10% of the sale, if from Vercel’s efforts then Vercel receives 15%.
This is just one more step that Seamless Wi-Fi has taken to solidify their position in the wireless Internet industry. This article can be republished either online or in print as long as credit is given to the author and the NAMC Newswire. NAMC Newswire articles can now be listened to on StreetIQ.com http://www.streetiq.com/dir/NAMC.shtml# To keep up to date with companies that we report on just register to receive the FREE Wall Street to Main Street Daily Newsletter. We feature companies that trade on the NYSE, AMEX, NASDAQ, OTCBB and Overseas, Keeping our readers informed daily. Just go to our site and register, it’s simple and free, www.namcnewswire.com/newsletter . Also be sure to visit the NAMC radio at www.namcnewswire.com/namcradio for the latest reports, interviews and corporate updates featured on the NAMC Newswire. |
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