You should read the announcements!!!
Announcement
IOT Group signs exclusive Distribution Agreement with a major Consumer Electronics Distributor in the United States.
The IOT Group has signed an exclusive Distribution Agreement with TOP TECH DISTRIBUTION LLC (’TOP TECH’) in the United States of America for the mass distribution of the ROAM-e and other IOT Group Products throughout the United States, Canada and Mexico.
TOP TECH clients include all of the larger US retailers such as Walmart, Best Buy, The Sports Authority and Fry’s.
TOP TECH are in the process of presale presentations to the major US retail outlets for the ROAM-e and the OK Watch products.
IOT has engaged their manufacturer to increase production from 10,000 per week to 50,000 per week by September 2016.
Orders are expected Q3 for Q3 and Q4 delivery.
IOT will issue 4M ordinary class shares to TOPTECH in lieu of payment of an establishment fee and issue up to 4M options over ordinary class shares that will vest and be exercisable (at 7 cents) upon the achievement of performance targets in the period to 30 June 2017.
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