Eastlake, Ohio, June 29, 2018 (Globe Newswire) — Intellitronix, a wholly-owned subsidiary of US Lighting Group (OTC:USLG), today announced that it has met the exclusivity term of its recently-enacted distribution agreement with Promobot LLC.
“We are now in position to develop a market in the U.S. for Promobot’s service-oriented robot,” said Intellitronix CEO, Paul Spivak. “The market for service-oriented robots in the United States is substantial and we believe the robot is more than up to the challenge.”
Recently, Intellitronix concluded an exclusive marketing agreement for Promobot for the United States under which the parties agreed to work together to develop new market applications. The U.S. Distribution Agreement is exclusive to Intellitronix for a five-year period, which renews automatically on both parties’ consent.
US Light Group, Inc. has issued 500,000 shares of common stock to Promobot LLC in lieu of a $600,000 cash payment which satisfies the terms of the U.S. distribution agreement. The Payment was a requirement of exclusivity on the part of Promobot LLC. The two companies are now working together to expand those applications. Continue reading →
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Choosing the right CPA firm is critical to the success of any business. Along with accounting services, a CPA must understand your business and your financial needs and goals. At Mahle, Wack, Zaidain & Co., PLL, Certified Public Accountants, we strive to provide the highest quality of accounting services and financial advice to our clients. Our professional staff is experienced in a wide variety of industries, and dedicated to understanding the unique aspects of each client. We will spend time with you, asking questions and offering suggestions to help you improve your bottom line. Joseph S. Zaidain, CPA/ABV/CFF, PFS, CVA (Partner)
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Since 1986, Mackert Consulting Group has been assisting closely held businesses attain their financial objectives in the areas of tax, accounting, fiscal management, business consulting and technology support. Using forward-thinking expertise, Mackert Consulting professionals help business owners reach their goals through financial reporting, tax preparation and compliance, assistance in IRS matters, and business and tax planning.
Mackert Consulting Group is distinguished by a staff of friendly, knowledgeable professionals who take an intense interest in the financial well-being of their clients, and are readily available to provide assistance and guidance to help our clients succeed in a volatile business environment.
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