Virtual Technologies, Inc. Is Licensing 8 Territories for Between $1 and $2.5 Million Each
19 November 1997
Virtual Technologies, Inc. Is Licensing 8 Territories for Between $1 and $2.5 Million EachSCOTTSDALE, Ariz., Nov. 19 -- Virtual Technologies, Inc. (OTC BULLETIN BOARD: VTNO) is pleased to announce that it has divided its exclusive North American manufacturing, distribution, marketing and sales rights to the Solpower product, SOLTRON, into nine territories. California, Nevada, Arizona, Utah, and Hawaii have been reserved by the Company as the Corporate Territory. The Company will service its territory from two corporately owned SOLTRON manufacturing facilities in Phoenix, Arizona and Los Angeles, California. Commercial marine distribution, marketing and sales activities will be established as the corporate Marine Division. The remaining eight territories will be sold for between $1,000,000 and $2,500,000 to qualified Licensees and developed by Independent Operators. Each Licensee will establish SOLTRON manufacturing facilities to supply the Independent Operators in their licensed territory. Each facility will have a starting capacity to produce 1 million liters of SOLTRON annually with projected production capacity increases up to 3 million liters. Projected annual revenues of $35,000,000 from an initial investment of less than $250,000 are achievable assuming the sale of 1 million liters of SOLTRON at a current manufacturers suggested retail price. For more information, contact Virtual Technologies, Inc.'s headquarters: 888-289-VTNO (8866), 602-947-6366, 602-947-6324 (fax), email: vtno@netvalue.net. SOURCE Virtual Technologies, Inc.