Posted On: 05/07/2014 9:01:40 AM
Post# of 189
WDAS ~ World Assurance Group April Revenues Surge to $1.6 Million - Tracking to Over $3.6 Million for 2nd Quarter and $7.2 Million for First Half Year
Recently announced that it has completed the fund raising phase of Power Cloud 11, bringing WDAS April revenues to over $1.6 million in cash. As part of its technology and brand license agreement, WDAS receives 10% of the set-up costs once funding is completed and a further 3% of the ongoing revenues once these Power Clouds go into production. Funding for Power Cloud 10 was completed earlier in April and Power Cloud 11 was completed yesterday. These two Power Clouds generate $625,000 in license set-up fees and is therefore booked as April revenue along with Power Clouds 7, 8 and 9 which already have contributed $1,012,500 to April revenues.
read full: http://finance.yahoo.com/news/world-assurance...00097.html
Recently announced that it has completed the fund raising phase of Power Cloud 11, bringing WDAS April revenues to over $1.6 million in cash. As part of its technology and brand license agreement, WDAS receives 10% of the set-up costs once funding is completed and a further 3% of the ongoing revenues once these Power Clouds go into production. Funding for Power Cloud 10 was completed earlier in April and Power Cloud 11 was completed yesterday. These two Power Clouds generate $625,000 in license set-up fees and is therefore booked as April revenue along with Power Clouds 7, 8 and 9 which already have contributed $1,012,500 to April revenues.
read full: http://finance.yahoo.com/news/world-assurance...00097.html
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