Under the terms of the Agreement, the Company will offer its e-commerce proprietary servlet technology to Maisonette Group plc for its upcoming online retail store in the European Union, including the United Kingdom. The Companys license to Maisonette Group plc is a perpetual license and includes back end management of all order processing, site management and optimization, uploading of new data and products and online media management in English. The Company has received a payment of 25,000 Euros (approx. US$32,500 as of February 24th, 2005 rate) for 2005 and will receive annual payments of 125,000 Euros (approx. US$165,000) for an unlimited period or until contract is mutually cancelled by both parties. The wizard is designed to significantly simplify the purchasing experience. The algorithms allow the customers to navigate through the selection and shopping process in a way that is far more natural and simple than the usual search/browse options available in all competitive websites. Once the customer decides on a product category or product, the algorithms use aesthetic and mechanical/technical compatibility criteria to simply select the next item by removing all non-compatible items from the selection list. This solves the complex problem of choice and compatibility encountered in online shopping. The beauty of this architecture is that it does not require costly specialized skills needed for management. Future releases will include other languages such as French and German.
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