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Microcap & Penny Stocks : Integral Technologies
ITKG 0.01300.0%Mar 26 5:00 PM EST
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To: Pinky who wrote (501)6/14/1998 12:45:00 PM
From: jbal  Read Replies (1) of 1108
 
Pinky, I think you got the following wrong.

"If I remember correctly 30% of IASCA's gross profits go to ITKG, utilizing the current CTHA. "

Read the SEC filings and you will discover the facts. I will post an excerpt form IAS's filings.

The Company has entered into a joint venture agreement with Emergent Technologies, Corp., herein "ETC" whereby a limited company was incorporated, The Eclipse Antenna Manufacturing Corporation,
herein "TEAM". The Company owns 50% of the issued and outstanding common shares and ETC owns the remaining 50%. Pursuant to a voting agreement the Company can vote 100% of the shares of TEAM. The control person of ETC is the operator. The Company retains the worldwide commercial sublicense rights to the CTHA.

The purpose of the joint venture is to cooperate in the research and development of certain applications for the CTHA and to assemble and manufacture certain products relating thereto. IAS will buy products
from TEAM at cost to manufacture plus 30% for all commercial applications and ETC will buy product from TEAM at cost to manufacture plus 30% for all military applications. ETC acquired the worldwide
sublicense from Integral Concepts, Inc. for all military applications on January 2, 1997.
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