affiliate that specializes in loss control engineering, is flourishing in the bonanza of unbundling.
together with all the intellectual property rights to operate the business and the name "Pivotal Self-Service Technologies" to IRMG in exchange for:
d) Cancellation of the IRMG management services contract.
In connection with the transaction IRMG granted Mr.
Under the terms of the letter of intent, IRMG is free to pursue any and all self-service technology opportunities known to the Company effective immediately.
clients are assessing the level of capital their captives require.
Subject to the achievement of certain net profit objectives, IRMG shall earn an additional 10 million common shares and 5 million three years warrants.
In addition, IRMG management has identified a number of additional opportunities to increase the number of ATMs under management by new marketing agreements or acquisition.
The company expects to generate revenues within a reasonable period of signing the definitive agreements with 4Cash and IRMG Inc.
4Cash is a division of a privately held Ontario company, IRMG Inc.
, whose staff manages the company's underwriting, retrocession, claims and accounting functions, is recognized worldwide as a leading captive manager.