CORAL SPRINGS, Fla., March 25, 2013 /PRNewswire/
Post# of 5115
CORAL SPRINGS, Fla. , March 25, 2013 /PRNewswire/ -- Cyber Kiosk Solutions, Inc. (OTCPink: CYBK) is pleased to announce it has executed a Letter of Intent to acquire 100% of Golf Concessions, LLC's assets, specifically the Concessions Pro™ name and Concessions Pro™ kiosk patent number 741-8311.
Golf Concession, LLC has been issued a Trademark for the name Concessions Pro™ and Patent for its refrigerated Golf Cart Kiosk (Concessions Pro™) which is designed to be mounted on the back of a golf cart to dispense cold beverages and snacks. Cyber Kiosk Solutions plans to reengineer the mounting system so the Concessions Pro™ kiosk essentially floats on a free moving rail system thus preventing drinks from being shaken up during the rounds of golf. Cyber Kiosk Solutions, Inc. will own the Patent and Trademark and all revisions to the existing Patent while the current owner will remain as the inventor.
The marketing plan is for Cyber Kiosk Solutions to give the Concessions Pro™ kiosk to golf courses on a revenue share that would adjust once the cost of the machine is recouped. The machines are equipped to wirelessly report back to the Club House the amount sold per unit and what snacks and beverages need to be restocked. The carts are expected to be offered as an upgrade for golfers where they will show their id for beers to be purchased and pay an additional $6-$10 for the upgraded Concessions Pro™ golf cart.
Just in Florida , there are over 1,300 golf courses with an average of 80 golf carts each. Using the research that went into creating the Concessions Pro™ golf cart kiosk, the total number of golf carts being used by these FL courses exceeds over 100,000.
Assuming 2,500 carts dispense $25 worth of goods per day, which equals $62,500 gross daily revenue. With a 2.5% market share concentration of just the Florida golf courses upgraded, the annual projected revenues near $23 million . Interested Golf Course owners should contact the Cyber Kiosk Solutions, Inc. to secure their position in the first round of kiosk deploymentConcessions Pro™ kiosk patent number 741-8311:
Patent Images:
http://www.freepatentsonline.com/7418311.pdf