Future Growth Through Acquisitions of new products:
International Licensing Group has an ongoing acquisition program of new patented or patentable proprietary consumer/commercial products. ILG accomplishes this through the acquisition of exclusive proprietary rights. Generally, for each product the Company acquires, it extends to the inventor an agreement to pay royalties based on sales. The company is committed to an aggressive program of protection of the intellectual property rights it acquires by license or assignment. In this regard, active, ongoing efforts are consistently implemented in order to protect company trade secrets and intellectual property. ILG is committed to the acquisition of U.S. and foreign patent protection, trademark registrations and copyright registrations for its proprietary products. The company is currently working with 5 new patented products for rollout in 1998.
Growth through Joint Ventures:
In addition, the ILG also plans to enter into joint ventures with other inventors, manufacturers and marketing companies to develop and market other patented products. ILG is negotiating with other infomercial companies to enter into joint venture marketing agreements for several of the products for which ILG has either ownership or exclusive worldwide manufacturing and marketing rights.
RECENT EVENTS: The Company has signed an agreement with American Media, Inc. to produce and air infomercial for the UPRIGHT- EZ Lift to start airing in late January, and the CompuStrap in late February. Estimated sales from infomercials is projected at 6 to 12 million dollars
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