Cyber Kiosk Solutions, Inc. has executed a Letter of Intent to Acquire 100% of Golf Concessions, LLC's Assets Golf Concessions, LLC has a Trademark and Patent in place that CYBK will acquire.
CORAL SPRINGS, Fla., March 25, 2013 /PRNewswire/ -- Cyber Kiosk Solutions, Inc. (OTCPink: CYBK) is pleased to announce it has executed a Letter of Intent to acquire 100% of Golf Concessions, LLC's assets, specifically the Concessions Pro™ name and Concessions Pro™ kiosk patent number 741-8311.
Golf Concession, LLC has been issued a Trademark for the name Concessions Pro™ and Patent for its refrigerated Golf Cart Kiosk (Concessions Pro™) which is designed to be mounted on the back of a golf cart to dispense cold beverages and snacks. Cyber Kiosk Solutions plans to reengineer the mounting system so the Concessions Pro™ kiosk essentially floats on a free moving rail system thus preventing drinks from being shaken up during the rounds of golf. Cyber Kiosk Solutions, Inc. will own the Patent and Trademark and all revisions to the existing Patent while the current owner will remain as the inventor.
The marketing plan is for Cyber Kiosk Solutions to give the Concessions Pro™ kiosk to golf courses on a revenue share that would adjust once the cost of the machine is recouped. The machines are equipped to wirelessly report back to the Club House the amount sold per unit and what snacks and beverages need to be restocked. The carts are expected to be offered as an upgrade for golfers where they will show their id for beers to be purchased and pay an additional $6-$10 for the upgraded Concessions Pro™ golf cart.
Just in Florida, there are over 1,300 golf courses with an average of 80 golf carts each. Using the research that went into creating the Concessions Pro™ golf cart kiosk, the total number of golf carts being used by these FL courses exceeds over 100,000.
Assuming 2,500 carts dispense $25 worth of goods per day, which equals $62,500 gross daily revenue. With a 2.5% market share concentration of just the Florida golf courses upgraded, the annual projected revenues near $23 million. Interested Golf Course owners should contact the Cyber Kiosk Solutions, Inc. to secure their position in the first round of kiosk deployment.
About Cyber Kiosk Solutions, Inc.:
Cyber Kiosk Solutions distributes Company owned kiosk machines and tablets under the brand name Cyber-Thingy™ to earn residual revenues and/or sell kiosk machines to earn up-front and residual revenues. Cyber-Thingy's™ multiple revenue streams are derived transaction and fee based programs running within the kiosks such as; Digital Advertising, Mobile Phone Top-up minutes (reload), Online Bill Pay, Sweepstakes Games, Events-Sports-Movie Tickets, Gift Card Programs, Prepaid Cards, Digital Lottery and New Product Launch (ALL with immediate purchasing options). Each Kiosk machine comes with a cash bill acceptor and a credit card reader for ease of payment. Tablets are connected to existing POS systems. These multi-functional kiosks and tablets not only earn Cyber-Thingy™ residual revenues but create residual revenue opportunities for the multiple companies involved.
SOURCE Cyber Kiosk Solutions, Inc.