NTDTV, the Canadian Chinese language broadcaster, partners with SenterNet Phi Gamma Inc., a Bluetooth device provider, in a marketing, distribution and equity deal
TORONTO, June 16, 2014 /CNW/ - SenterNet Phi Gamma Inc. ("the Company") a Toronto based public company, partners with the Canadian Chinese language television network, NTDTV Canada ("NTDTV") to distribute an initial order of 10,000 units. The units will be manufactured in Israel. In addition, following the initial campaign, NTDTV may order an unlimited number of key fob devices for smart mobile products, i.e. phones, tablets, phablets and notebooks. The partnership will be for a period of two years from the date of the agreement. The device will be distributed across Canada, United States and rest of the world.
The device will be advertised during all hours at varied intervals for duration of 30 seconds to the length of a standard infomercial. Providing that the minimum of 10,000 units are ordered and delivered to NTDTV, NTDTV will receive a percentage of net revenue per unit and a minor equity position in the Company.
About SenterNet Phi Gamma Inc.
SenterNet Phi Gamma Inc. is a Canadian based mobile technology company that is dedicated to creating a suite of solutions for the smart devices mobile market. The Company new ISIN number is CA 81727V1031 and the CUSIP number is 81727V103. The Company currently has 54,033,220 common shares issued and outstanding.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings.
SOURCE SenterNet Phi Gamma Inc.For further information: SenterNet Phi Gamma Inc., Investor Relations, E-mail: info@SenternetPhiGamma.com