https://finfeed.com/technology/iot/iot-group-extends-footprint-across-america-mexico/20160503/
IOT Group Limited is expanding further into North America and Mexico after it entered into an
Exclusive Distribution Agreement with TOP TECH, a major Consumer Electronics Distributor.
TOP TECH’s sales team has been briefed and will immediately begin sales presentations throughout the regions for proposed orders and distribution of IOT Group products in Q3 and Q4 2016.
TOP TECH’s sales team has relationships with most major retail outlets, including direct relationships with the top brands’ most important decision makers. Clients include Walmart, Kmart/Sears, Costco, Sam’s, JC Penney, Macy’s target, best Buy, Staples and many more.
Owner and founder of TOP TECH, Mr Bryan Corlett says he is looking forward to helping distribute IOT Group products, specifically consumer drone the ROAM-e.
“The ROAM-e is a breakthrough product due to its cutting edge technology, massive street appeal and highly competitive price point. We are committed to dedicate the time and energy of our clients to create a network of mass distribution channels in North America for IOT.
The retailers look to us to bring them the next big products. We have been doing this for 20 years.
As part of the deal
IOT Group will issue TOP TECH with four million ordinary shares in lieu of payment of an establishment fee.
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SP was about 7.5c at the time, so IOT handed Top Tech $300,000 worth of shares upfront to be their distributor.
Our product is so good, heres $300k to please help us get into retailers.
TOP TECH, a major Consumer Electronics Distributor.
So major a distributor, the owner Corlett has left his position, closed the company one assumes, and taken the role of CEO for IOT US.
So for selling 0 Roam-es he has received at least $300k in the past 12 months, and gets 30% of IOT US, and gets commissions and wages.....yet was a major consumer electronics distributor who has managed to sell 7 (we think) drones and get 2600 orders in what 4 months.
Wow
