Diagogo Ventures Corp., a provider of information and communications technology, today announced it has granted its flagship license to Red Deer DogoNet, which will pay an initial license fee of $500,000, as well as an ongoing 5 percent royalty fee as a percentage of gross revenues. Additionally, DogoNet has the option to purchase technical support, consulting and training services, payable to Diagogo.
The grant gives DogoNet a “turnkey infrastructure” through the use of DogoSearch, DogoNet and DogoPay, all of which are developed and maintained by Digagogo.
DogoSearch is a regionally specific advertising and search engine that enables local businesses to publish promotions and product information in real time. It works in conjunction with DogoNet, which gives households virtual storefronts where they can buy, sell and communicate with one another, essentially creating a collective local distribution network; and DogoPay, a secure payment method managed by the DogoCenter, which ensures accurate and secure payments, facilitates transactions made on the DogoNet.
Red Deer DogoNet said it has already leased office and warehouse space to launch the DogoCenter in Red Deer County, in Alberta, Canada. The company has also spent considerable funds to support its marketing campaign.
“Conservatively speaking, $100 million is already being spent on advertising, promotion and marketing within the Red Deer County area. Our goal is to achieve 30 percent of the $100 million that is being spent for promotion, advertising and marketing,” Red Deer DogoNet President Carman Bessey stated in the press release. “We plan to achieve this $30 million by working with up to 100 sales and marketing personnel to educate, market and integrate the local community and businesses, using these state of the art technologies DogoNet & DogoSearch. By joining forces with business leaders, business and households offering majors savings to the local community, we will work together in building a sustainable economy.”
Digagogo chairman Fernando Londe said the licensing agreement will generate revenues, create employment, stimulate local business, and provide economic sustainability.
“We have found a niche in the marketplace in design and a business model that offers unique solutions in today’s economy. By utilizing Digagogo’s state-of-the-art technologies creating new jobs that DogoCenters offers education and guidance in regions across the world, we will build a sustainable future for generations to come,” Londe stated.
Diagogo said the agreement with Red Deer DogoNet is the first of many anticipated license agreements.
For more information visit http://www.digagogo.com
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