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Anything Technologies Media Signs Licensing Agreement to Distribute State of the Art Custom Grow Containers in Northern California
Anything Technologies Media Signs Licensing Agreement to Distribute State of the Art Custom Grow Containers in Northern California.
About this update from Sky440 Inc
[{"type":"text","content":"\n\n\n\nAnything Technologies Media Signs Licensing Agreement to Distribute State of the Art Custom Grow Containers in Northern California\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nAnything Technologies Media Signs Licensing Agreement to Distribute State of the Art Custom Grow Containers in Northern California\nPR Newswire\nIRVINE, CA, May 25, 2016\n\n\n\n- Deal expected to generate significant long-term revenues for both SKYF and EXMT \n\n\n\nIRVINE, CA, May 25, 2016 /PRNewswire/ - Anything Technologies Media, Inc. (OTC: EXMT) announced today that it has signed a licensing agreement with Sky440 Inc., (OTC: SKYF) to distribute state of the art custom grow containers in Northern California. The transaction, the first for Sky440 since it entered into a joint venture agreement with Houston, Texas based Grow-Tech to manufacture and distribute the highly engineered modules on March 29, 2016, is expected to generate significant long-term revenues for both companies.\n\nUnder the license agreement, ATM will be the exclusive distributor for the grow containers where the end user is specifically licensed to grow legalized medical marijuana. The territory boundaries are the southern city limits of Gilroy, California to the south, the California-Oregon state line to the north, the California-Nevada state line to the east, and the Pacific Ocean to the west. The financial terms of the transaction are expected to be released once additional territory negotiations in Texas and New York are concluded over the next few weeks. Under the current revenue sharing model established by the joint venture between Sky and Grow-Tech, every ten containers in service should yield between $1.5 and $2 million dollars annually in adjusted gross revenue. \n\n\"This is a major step for EXMT and Sky440 and our joint venture with Grow-Tech,\" stated Richard Wilson CEO for ATM. \"This licensing deal is the first of many to come as we bring this exceptional product to market. We are excited to have ATM join Sky440 the Grow-Tech family. This product has tremendous d...