SAKL Extends Licensing to Japanese Company for The
Post# of 139
Posted On: 06/06/2016 8:56:27 AM
SAKL Extends Licensing to Japanese Company for The Lantern Fest.
SALT LAKE CITY, UT -- (Marketwired) -- 06/06/16 -- Sack Lunch Productions, Inc. (SAKL) (OTC PINK: SAKL), announced that its subsidiary Lantern Fest Productions, Inc. has signed its first Licensing Agreement for up to 3 cities in Japan with Afro & Co. Inc. The five-year agreement provides licenses to operate our Lantern Fest® event in Tokyo. The license agreement could be the first of many, provided the Tokyo event is a success.
Richard Surber, CEO, commented, "Licensing our Lantern Fest® event on an international basis is expected to be a great source of revenue. We are hoping that The Lantern Fest can expand in a fashion similar to our Slide the City® international franchise/licensing system."
SAKL, through its subsidiary Slide the City Productions, Inc., has already signed a number of Franchise/Licensing agreements that cover many major Asian markets. The following is a sampling of Asian locations that have hosted Slide the City or may host Slide the City events this year:
• China: Kowloon Hong Kong, Shenzhen, Shanghai, Beijing, Guangzhou, Chengdou
• Japan: Miyagi, Fukuoka, Ibaraki, Hokkaido, Shizuoka, Kyoto, Aichi, Gumma, Hiroshima, Miyazaki (MIYZF) and Okinawa.
• Southeast Asia: Malaysia; Kuantan, Malacca, Penang, Johor Bahru and Kuala Lumpur; Singapore, Brunei
Richard Surber, CEO of SAKL, reiterated, "Our international franchise or licensing agreements call for a cash fee upfront for each city, a percentage override of gross sales, and sharing a portion of sponsorship fees."
http://seekingalpha.com/pr/16510847-sakl-exte...ern-fest-r
SALT LAKE CITY, UT -- (Marketwired) -- 06/06/16 -- Sack Lunch Productions, Inc. (SAKL) (OTC PINK: SAKL), announced that its subsidiary Lantern Fest Productions, Inc. has signed its first Licensing Agreement for up to 3 cities in Japan with Afro & Co. Inc. The five-year agreement provides licenses to operate our Lantern Fest® event in Tokyo. The license agreement could be the first of many, provided the Tokyo event is a success.
Richard Surber, CEO, commented, "Licensing our Lantern Fest® event on an international basis is expected to be a great source of revenue. We are hoping that The Lantern Fest can expand in a fashion similar to our Slide the City® international franchise/licensing system."
SAKL, through its subsidiary Slide the City Productions, Inc., has already signed a number of Franchise/Licensing agreements that cover many major Asian markets. The following is a sampling of Asian locations that have hosted Slide the City or may host Slide the City events this year:
• China: Kowloon Hong Kong, Shenzhen, Shanghai, Beijing, Guangzhou, Chengdou
• Japan: Miyagi, Fukuoka, Ibaraki, Hokkaido, Shizuoka, Kyoto, Aichi, Gumma, Hiroshima, Miyazaki (MIYZF) and Okinawa.
• Southeast Asia: Malaysia; Kuantan, Malacca, Penang, Johor Bahru and Kuala Lumpur; Singapore, Brunei
Richard Surber, CEO of SAKL, reiterated, "Our international franchise or licensing agreements call for a cash fee upfront for each city, a percentage override of gross sales, and sharing a portion of sponsorship fees."
http://seekingalpha.com/pr/16510847-sakl-exte...ern-fest-r
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