Limited Sells Thailand/Vietnam Ozone Franchise License
Corner (SLC),a publicly traded Thailand company, has acquired an
exclusive Ozone franchise license for Thailand and Vietnam from XO
Limited. SLC has set up subsidiary OpenServe to operate the new
barter exchange operation under the Ozone name.
reported that the initial license fee was $1 million, and further
payments -- if the deal goes as planned -- will total approximately
$5 million over a 5-year period, based on forecasts of member
trading volumes. (Shares of Solution Corner are trading for
approximately 9-cents each.)
Sam Rama, CEO of Ozone Barter, the transaction represents a major
opportunity for participants in the New Zealand-based Ozone Barter
network to sell and acquire products from the Asian market.
Corner, a Thailand software developer, has diversified into
e-commerce in an attempt to reduce the risk of relying only on the
software development business.
Munchupha, the managing director of SLC and Open Serve, is aiming to
have at least 1,200 members based in Thailand, trading 30 million
baht (37:1 to the US$) by the end of this year.
XO Limited (www.barter-software.com)
was founded in 2002 and offers a neutral internet-based platform
which enables multi-lateral trading.
has franchisees in Australia, New Zealand, Singapore and South
Africa with a reported network of 10,000 members.