CORAL SPRINGS, Fla., Jan. 30, 2013 /PRNewswire/ -- Dynasty Limousine, Inc. (OTCPINK: DNYS) is pleased to announce its wholly owned subsidiary Cyber-Thingy™ has reached an agreement with Max Celular (http://www.dominicanyp.com/company/54439/M%C3%A1ximo_Celular_S_A )of the Dominican Republic to purchase 200 Kiosk machines for placement in its cell phone and convenience store locations. Max Celular is an Authorized Distributor of Claro (http://www.claro.com.do/) in the Dominican Republic.
The agreement is for a 200 kiosk Beta test that will begin with the Company delivering a prototype to the Dominican Republic for backend testing. Max Celular has the potential to purchase and place up to 5,000 kiosks or more in their locations in the Dominican Republic. Cyber-Thingy™ expects to ship the Dominican kiosk within the next 30 days. Many of Cyber-Thingy™'s services are expected to be used within each kiosk such as, prepaid gift cards, prepaid debit cards, digital advertising, gaming and lottery software services.
Cyber-Thingy™ will receive a one-time payment of $3,600 per machine and expects to receive a monthly revenue share of approximately $600-$800 per month per machine.
In other news:
The application for the name change was filed and the Company has received requests for additional information from FINRA. The name has officially been changed in the State of Florida to Cyber Kiosk Solutions, Inc. and once FINRA completes its review the name and ticker will be changed.
Cyber-Thingy™ is in the process of negotiating the purchase of a patent for a kiosk vending machine for the Golf industry. A LOI is expected to be executed in the coming weeks and the acquisition by the end of March.
The Company has received several emails from investors asking if the Company has issued any new shares, completed a Private Placement, or has any convertible financing. The Company has not issued any new shares through a Private Placement or any other means. The Company does not have any convertible debt on its books and has not had any. The current float of the Company is 3,290,525 which is an increase of 344,253. The increase is from a former officer of the Company who filed to sell some shares under Rule 144, not from the Company. No other changes have been made to the share structure. The Company is working with Broadridge, the Company's Transfer Agent, to offer current information to its shareholders directly. The Transfer Agent is not under a gag order. It is Broadridge's policy not to answer questions from shareholders until the Company gives them permission to do which is being done.
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 Advertising. ALL services come with an immediate purchase option. 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.
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.