Business
Artesanias Corp. Signs Exclusive License Agreement With SocialPlay.com
Artesanias Corp. Signs Exclusive License Agreement With SocialPlay.com.
About this update from Socialplay Usa Inc
[{"type":"text","content":"\n\n\n\nArtesanias Corp. Signs Exclusive License Agreement With SocialPlay.com\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\n\n\n\n\n\nArtesanias Corp. Signs Exclusive License Agreement With SocialPlay.com\nPR Newswire\nFORT WORTH, Tx., May 22, 2015\n\n\n\nFORT WORTH, Tx., May 22, 2015 /PRNewswire/ -- Artesanias Corp. (OTC: AXTR) is pleased to announce that on April 27, 2015, the company has entered into an exclusive license agreement with Social Play, Inc.  Under the agreement, Artesanis Corp. has been granted the exclusive rights within the U.S. and Canada to develop market and sell products and services based upon Social Play's \"SP Cloud Goods\" system.  \n\nSP Cloud Goods is cloud-based game hosting and management system where video game developers can add and remove virtual goods from the game, manage players, manage virtual store pricing, and view vital game and player statistics.  Using this system, game developers can affect their games in real-time, without the need to rebuild or republish the game.  \n\nCEO, Chitan Mistry stated, \"the Social Play relationship is an exciting new direction for our Company.  I look forward to bringing the Social Play products to market in the coming months and introducing our network of developers.\"\n\nThe SP Cloud Goods intellectual property also includes a system for game developers to collect payments for virtual goods sold to players in their games, as well as a marketplace component that will allow advertisers and game developers to choose where, when, and how advertisements are placed in games.  The system will also facilitate the transfer of funds from advertisers to game developers.\n\nThe Artesanias agreement with Social Play runs for an initial term of five (5) years, with an optional extension for an additional five years.  In consideration for the license, we have agreed to issue Social Play one million (1,000,000) shares of common stock immediately and an additional one million shares on each anniversary of the Agreement for so long as it is in effect. \n\nFurther, we have agreed to make ...