ISTM has a relationship with Oracle, according to an SEC filing:
<< RELATIONSHIP WITH ORACLE CORPORATION
Oracle Corporation ("Oracle"), a global supplier of software for enterprise information management, entered into a Memorandum of Understanding with the Company on May 5, 1998 to potentially produce and manage world-class electronic marketing sites for high profile consumer brand companies. Under the proposed arrangement, it is anticipated that the Company would have the right to own and develop each E-commerce site for the target account, and Oracle would subcontract its software and technical consulting services on an as-needed project basis. Both Oracle and I-Storm propose to jointly invest the pre-sales and up-front marketing resources needed to win the target account. The E- commerce sites would be co-branded with both the "On Oracle" and the "I-Storm" registered marks. Oracle and I-Storm have anticipated that they will jointly construct no less than three, and up to ten, world-class electronic marketing sites. Oracle and the Company intend to negotiate in good faith to enter into a general contract to govern their working relationship, although there can be no assurance that such a contract will be executed. Oracle has currently paid $25,000 to the Company for the development of a CyberStore site, and it is anticipated that $25,000 will be paid to the Company by Oracle for each additional CyberStore site developed by the Company.>> |
