Non-Core Business Assets to Be Sold for $500,000
Mobile Ready Entertainment Corp. (Other OTC:MBRN.PK - News), a holding company of intelligent services, announced today that it had delivered a Letter of Intent to sell non-core business assets to private IT contractor Nexus ISR LLC of Rochester NY. The intellectual property assets relate to wireless hardware and software that are not central to the going forward plans of Mobile Ready. The letter calls for a total cash price of $500,000 and a 4% royalty for 5 years on gross sales.
"It will be great to be able to focus on our prime objective of getting the MYMOBILECONCIERGE product finished and to market with a fresh start. We are very confident that Nexus will be successful in their sales endeavors and look forward to closing a deal as very quickly as we can," Josh Eikov, CEO of Mobile Ready said.
About Mobile Ready Entertainment Corporation
Mobile Ready Entertainment Corp. (Other OTC:MBRN.PK - News) is a strategic holding company that manages a portfolio of market leading technologies and services in mobile entertainment and digital media. Our companies operate in mobile communications, mobile corporate services, digital media entertainment and the best in games and entertainment. Through our subsidiaries we will develop, market and sell wireless application software and entertainment-based content for mobile devices. Our value proposition is to unlock, integrate and seamlessly deliver all types of data to wireless devices, whether streaming movies, music video or television content and digital radio delivery to the growing consumer market via channel and content partners -- anytime, anywhere. We deliver these products and services globally across most of the major cellular networks and prominent wireless device operating systems. Mobile Ready acquired Key2Travel which spans games, concierge services, and other mobile lifestyle products. Key2Travel offers personal concierge services that assist with planning and arranging destination activities. For a traveler, K2T provides the ability to pre-plan destination activities prior to arrival through a single, easy to navigate web site or via a staffed call center. For corporations, K2T delivers unique value-add employee benefit programs, alternate revenue centers, and expense control. For travel suppliers, K2T is a much-needed differentiator in a competitive industry. For information about Key2Travel please visit www.key2travel.com. For more information about Mobile Ready, please visit its website at www.mymobilereadyec.com.
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