VIDA BIG ENTRY IN MOBILE PAYMENT MARKET & AND PRODUCT LAUNCH TO BE ANNOUNCED THIS JUNE
REVENUE FROM THIS PARTNERSHIP WILL BRING IN MILLIONS TO THE COMPANY.
The agreement calls for a revenue sharing arrangement for both licensing and advertising revenue as well as additional payments for distribution and storage costs. The deal also calls for the partners to align distribution channel partners in conjunction with the product launch scheduled for this June.
"We believe the combination of content(ie VIDA) and this payment model(i.e MAHALA) will create a disruptive shift in the video delivery space and payment services," says Tom Moreland, Chairman and CEO of the Florida-based corporation. "We are currently in discussion with content providers who are attracted by the simplicity of the model that is presented to the consumer."
"I'm excited about partnering with Vidaroo," says Sonny Fisher, CEO of Mahala. "It makes sense to blend our unique payment system with a world class content delivery platform.(i.e VIDA) Customers can now purchase directly from within the content, without being diverted to another site. The Mahala solution will revolutionize the monetization of digital content."
I believe combination of both companies platform will result in a payment system whereby the consumer can purchase products through video's straight from their TV screens. Eg. Church goers can make a donation to the church, right from the TV screen if they are watching from home, by scanning MAHALA's secure payment code from from the TV. Please see the MAHALA demonstration in the video posted on VIDA board home page.
THEY TO MAXIMAZING PROFITS IS PATIENCE, 25 CENTS JUMP IN THE NEXT 3 WEEKS.