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Microcap & Penny Stocks : Compact Connection (TSIG) - The next CDNW? -- Ignore unavailable to you. Want to Upgrade?


To: Bulls who wrote (36)7/23/1998 12:44:00 AM
From: antony berkman  Read Replies (1) | Respond to of 1574
 
The relevant portion of the 8K clearly states that CCI has what is most important to it.

,,, the Seller has granted to the Registrant and CCI an exclusive license to all intellectual property owned by Seller, consisting of all rights and interest in the concept of marketing pre-recorded music recorded on tapes and compact disks, and other mediums that may become available, using a prepaid "MusicCard,"
including but not limited to any trademarks or tradenames for "Compact Connection" and "MusicCard."

The license may be used by the Registrant and CCI for and in connection with an internet web-site for the sale of pre-recorded music in exchange for a royalty fee to Seller of one percent (1%) of any net income derived from the web-site. In the event that the assets are not acquired, the license shall remain in effect for a term of ten (10) years, and is renewable for an unlimited number of additional five (5) year periods.