IOT Group extends its footprint across America and Mexico
Published 03-MAY-2016 15:45 P.M.
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
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.
“With a solid and experienced Distributor in North America and Mexico and having already established agreements in Japan and Australia, combined with the production capacity of up to 10,000 ROAM-e models per week, and the planned further upgrade to 50,000 units per week due in late Q3, these distribution agreements further support the IOT Group for mass distribution of the ROAM-e throughout the world,” said IOT Executive Director Mr Ian Duffell.
The ROAM product range utilises industry specific innovation in mobility computing. The soon to be released ROPAM-e is the world’s first facial recognition selfie drone.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.