DSS - Impact BioMedical rallies on exclusive distribution agreement with BioMed Technology

Document Security Systems (DSS) announced its wholly owned subsidiary Impact BioMedical entered into a 10-year exclusive distribution agreement with BioMed Technology Asia Pacific Holdings. Under the terms, the Company will have exclusive rights to distribute the products within the U.S, Canada, Singapore, Malaysia, and South Korea and non-exclusive distribution rights in all other countries.In exchange, the Company agreed to certain obligations, including mutual marketing obligations to promote sales of the products.Also entered into a subscription agreement with BioMed to purchase 525 ordinary shares of BioMed at a purchase price of HK$9,333.33/share for total consideration of HK$4,900,000 (~$0.63M).Shares zoomed 10.4% PM.

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Impact BioMedical rallies on exclusive distribution agreement with BioMed Technology