Degama Software Solutions, Inc. Outlines Negotiations Details Toward Profitable Partnership
DGMA releases crux of initial agreement points with major firm in India
Toronto, ONTARIO– August 23, 2010 – Degama Software Solutions, Inc. (OTC: DGMA) CEO, Seijin Ki, is pleased to announce progress in its discussions with a prominent Software App Marketing and Advertising Company in India, to be named upon final Agreement. “We are very happy with the proceedings thus far and feel a mutually beneficial arrangement is imminent.”
The firm, as per verbal agreements over the weekend, will begin selling Degama Software Solutions proprietary licenses to Regional licensees beginning with Southeast Asia and including an attractive revenue share for Degama.
The agreement also includes an initiative to secure advertising contracts ranging from Local to Global, giving advertisers rich target market opportunities, particularly with the VascoNow™ social networking and Smartphone App.
“Industries such as Hospitality, Travel and Tourism greatly benefit from an audience reach inherent to VascoNow™,” states Ki. “These industries are willing to pay top dollar to gain access to this market and both companies are in agreement this will be a collective win in implementing ads and coupons that our users would find useful. Again, this also provides a tremendous ‘sticky’ factor for our software in user attraction and retention.”
Another major point discussed to be of major benefit for Degama is that the Indian based firm would bring forth additional software developers to streamline expansion of product enhancement and delivery. Degama would retain the rights to the Software and share future revenues with the firm as the Apps generate revenues.
“This enables Degama to develop a greater number of Apps with multiple, cutting-edge features while retaining in-house IP for overall brand equity, meanwhile, collective revenues immediately from additional outlets, without having to outlay large sums of money to set the plan in motion,” adds Ki. “All the points discussed to both parties satisfaction potentially creates increased profitability for Degama like never before. We are excited to finalize the agreements and are confident that we will secure the deal by end of week.”
About Degama Software Solutions, Inc.
Degama Software Solutions, Inc. is a leading edge technology company that develops and markets proprietary location based software solutions and applications for consumers and businesses. Degama Software Solutions, Inc. is a publicly listed company (OTC: DGMA)
Degama Software Solutions Inc., (Degama) markets and builds applications, or “apps” to make it simpler and more enjoyable for people to share information and get things done together. In a vast world Degama helps people navigate through their days and travels while at the same time staying connected to their friends, family and the world.
Degama is committed to developing and delivering the best products. As mobile devices become increasingly central to people’s lives, we work hard to help you get the information you need when you are on the go. For more information about Degama Software Solutions please visit www.degamasoftwaresolutions.com
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Release Prepared by NMR, LLC
Degama Contact:
Seijin Ki, info@degamasoftwaresolutions.com
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