V Flu Technologies, Inc. has signed a letter of intent with a distribution partner for the exclusive rights for retail distribution of UVFT's FDA-cleared ViraTech(TM) UV-400 air purifier that kills more than 99% of airborne bacteria. The distributor has paid a non-refundable $25,000 deposit and the distribution agreement is expected to close by April 21, 2014. Highlights of the proposed distribution agreement include: The distributor will buy UVFT's existing inventory valued at approximately $200,000; UVFT to provide a minimum of 36,000 air purifier units with a retail value of $14 million for the first year; distributor will accept up to 50,000 units if UVFT and UVFT's manufacturer can increase production levels; UVFT to invest approximately $30,000 in the prototyping, testing and production of the RX300 air purifier unit currently in development.
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0.000101 USD | +1.00% | -.--% | -.--% |
2018 | Vystar Corporation acquired substantially all assets of UV Flu Technologies, Inc. for $0.98 million. | CI |
2015 | UV Flu Technologies, Inc. announced that it has received $0.17 million in funding. | CI |
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+33.14% | 7.35TCr | |
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+18.46% | 4.6TCr | |
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+3.57% | 1.25TCr | |
-13.42% | 1.15TCr | |
+1.34% | 615.42Cr |
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