UV Flu Technologies, UCES Enter Distribution Agreement to Expand Access to Innovative Air Purification Products - Seite 2

As part of the three-year agreement, UCES is subject to sales quotas of 36,000 units per year from October 1, 2014 through September 30, 2015 (subject to a four-month ramp up), and 50,000 units annually (October 1 through September 30) thereafter. UVFT will receive a flat fee plus cost for worldwide retail sales (including internet sales direct to customer) of ViraTech units. For all RxAir products distributed wholesale, UVFT will earn a percentage of the profits that will fluctuate dependent upon whether UVFT or UCES primarily sources the vendor. As further compensation to UCES, UVFT will pay UCES 3 million shares. 

Marketing Partnership with myVBO

UVFT is partnering with myVBO, a company that brings unique sales and marketing experience to businesses of all sizes, to provide internet optimization, marketing, advertising and brand management designed to build the ViraTech and RxAir brands, as well as support multi-channel sales distribution. Through its website, brand development and marketing work and sales channel development with Better Rest Solutions, the creator of the highly successful SoClean® 2 CPAP Cleaner and Sanitizer, myVBO has proven success in driving sales in the medical device industry.

"We are excited to take our expertise in branding and creating online sales channels to help make UVFT the #1 air purification system people think about when deciding on the best way to eliminate bacteria and germs in their household," said Bob Wilkins, CEO, myVBO.

"Having successfully developed and received FDA certification for our technology, it is the ideal time to bring in partners with expertise in marketing, distribution and related areas in the consumer health products market space to generate the brand exposure and sales that we need to establish our position in the forefront of the air purification market space and enhance shareholder value," stated Ross. "We are looking forward to beginning work with myVBO to create a new website and brand presence that showcases our ViraTech and RxAir products and complements the distribution efforts of UCES as they open the doors to multiple sales channels."