Cyber-Thingy™ Executes Distribution Agreement With American First Equity Inc. To Place 1,000 Kiosk Machines THE DISTRIBUTION AGREEMENT IS VALUED AT AN ESTIMATED $12,000,000 IN ANNUAL REVENUES FOR CYBER-THINGY™
CORAL SPRINGS, Fla., Jan. 7, 2013 /PRNewswire/ -- Dynasty Limousine, Inc. (PinkSheets: DNYS) is pleased to announce its wholly owned subsidiary Cyber-Thingy™ has executed a distribution agreement with American First Equity, Inc., (a 7.5 year old company in the business of distributing gas, oil, credit card processing services, ATM placement services) to place 1,000 financial kiosks by the end of September 2013.
Once a machine is installed and operational for 3 months, Cyber-Thingy™ will receive a monthly revenue share of approximately $1,000 per month per machine. If there is any kiosk machines that are under-performing, American First Equity Inc. will move them to other more profitable locations.
The terms of the Agreement require Cyber-Thingy™ to deliver 3 fully customized operational machines to American First Equity by the end of January for testing. Once American First Equity has fully tested the machines and all changes are agreed to, Cyber-Thingy™ shall begin delivering 100 machines per month beginning April 1, 2013 for the first 4 months, then 200 machines for the next 3 months ending in September 2013.
One of the unique opportunities offered by the kiosk is that, the Company's software can be updated remotely. Cyber-Thingy™ will also offer distribution to other online service providers that do not have their services offered at these locations which will enhance the revenue generated per machine.
Cyber-Thingy™ will be rebuilding its website to show the additional level of services offered and there will be videos of the machines in operation. The additions to the website will showcase its different kiosk machines, including an Investor Relations section and detail a list of residual products and services offered by the Company in its financial kiosks.
The Company is working on the name change and will follow up with a press release regarding the name change and submission to FINRA later in the week.
Cyber-Thingy™ distributes Company owned kiosk machines and tablets 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.
About American First Equity Inc.
American First Equity Inc. (AFE) is a Hollywood FL based company that focuses on residual markets. AFE offers services in the area of; gas and oil distribution, credit card processing, prepaid debit card programs, ATM placement and factoring. AFE has also acted as servicing agents for mortgage lenders since 2005.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
SOURCE Dynasty Limousine, Inc.