![]() ![]() #Monster streamcast bluetooth module license#Management believes the Company’s existing sports camera business can still be viable without the use of the Monster brand and had has discussions with other companies for a more cost effective license under which it could market products, if so desired. #Monster streamcast bluetooth module pro#As previously disclosed, the existing business of the Company has been transferred to MD Holdings, Inc., a wholly-owned subsidiary of the Company, which stock will be spun off to Company stockholders on a pro rata basis immediately prior to the consummation of the Company’s merger with Innovate. allows existing stockholders of the company to participate in an opportunistic venture wholly unrelated to the Company’s existing line of business. The proposed merger with Innovate Biopharmaceuticals, Inc. The termination is part of an overall restructuring of costs, expenses and revenue sources at the company. the best in its future endeavors and will be open minded but careful with the next phase of our development.” under the existing royalty structure was not in the best long-term interests of our stockholders. ![]() Our management felt that continuing the relationship with Monster, Inc. ![]() And, more sophisticated cell phone cameras are, in some instances, encroaching on the space occupied by sports action cameras. “The sports action camera has become increasingly competitive in the past twelve months with margins declining steadily. RELATED: Undercover at Monster Mini-Golf: No Confusion Found Clarke, Chairman and CEO, Monster Digital Inc. However, we must be mindful of the business of the Company to be spun off to our existing stockholders after our merger with Innovate,” comments David H. Through our joint cooperation, we were able to achieve modest successes in our camera and memory operations. “We are thankful for the over five-year relationship with Monster, Inc. After much deliberation, management concluded that it could not continue to be party to the license agreement under the existing terms. The company says it has been dissatisfied with the existing royalty rate under the license agreement due to the market's decreasing sales and demand for its action sports cameras and general softness for action sports cameras and accessories. Monster Digital states that it took this step as part of a strategic restructuring effort with respect to its existing business. The license agreement is terminated according to its terms 90 days after the receipt of the notice of termination by Monster, Inc., makers of cables for the custom installation market. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |