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Microcap & Penny Stocks : Integral Technologies
ITKG 0.01300.0%Mar 26 5:00 PM EST
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To: Mark S. Williams who wrote (282)3/24/1998 3:39:00 PM
From: jbal  Read Replies (1) of 1108
 
Mark, you stated, "ITKG has an arrangement with IASCA via the TEAM joint venture whereby ITKG can provide product to civilian markets and IASCA can provide product to military and government markets."

I was surprised by your statement so I did some due diligence and called IAS. This was what I discovered.

In regard to the TEAM agreement:

This agreement with IAS & Emergent Technologies (which is 73% owned by Integral) was created for the assembly, manufacturing and research & development of the CTHA.

The joint venture company is to be owned 50% by IAS Communications, Inc. and 50% by Emergent Technologies, Inc. pursuant to certain terms and conditions in the joint venture agreement. A payment of 30% of the manufacturing costs is to be paid to TEAM. The intention was to leave the 30% in the company for research.

For example, IAS sells 1,000,000 CTHA's for commercial use for $5.00 each and the manufacturer's costs are $1.00 the breakdown is as follows:

$1.00 goes to manufacturing costs.
$0.30 goes to TEAM
$3.70 goes to IAS Communications, Inc. as profit

The additional profit remains with IAS for commercial rights and the additional profit for military/government rights is to remain with Emergent Technologies.

TEAM does not have the marketing rights to the CTHA. Therefore, each company controls their own rights pursuant to the original agreements with the WVU and Integral Concepts. IAS Communications, Inc. owns the commercial rights and Emergent Technologies owns the military/government rights as defined in the agreements.

I hope this may help to clear up any confusion regarding TEAM and the two companies.
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