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Article: Simtrol Announces Deal with Partner Strike Industries.
- Article from:
- PR Newswire
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Transaction Leverages Industry Reputation and Execution Ability
NORCROSS, Ga., Nov. 12 /PRNewswire-FirstCall/ -- Simtrol, Inc. (OTC Bulletin Board: SMRL), an innovative developer of enterprise-class software solutions that manage the extended network of connected devices, today announced the sale of its Visitor(TM) and Scheduler(TM) products to its partner Strike Industries, Inc.
In the transaction, the Company assigned ownership of its Simtrol Visitor(TM) and Simtrol Scheduler(TM) software, granting Strike Industries the right to modify, advertise, promote, market, and license the software in exchange for a cash payment, a secured note, plus a royalty ...