Market Briefs: Digislide, Entellect, MOKO.mobi
- 20 January, 2011 08:42
Digislide signs deal with Indian distributor
Projection technology developer Digislide (ASX:DGI) has signed a distribution agreement for its products with India's Rich International.
Digislide said its new partner was a pan-India distributor which also has operations in software consultancy and energy infrastructure.
The agreement grants Rich International the ability to market, sell and distribute Digislide products. If Rich International meets Digislide's performance criteria, the distributor will be granted exclusivity to the huge market.
Entellect director resigns
Educational software developer Entellect (ASX:ESN) has announced the resignation of director Conrad Crisafulli.
Crisafulli, who joined the board in August 2006, left the company on Wednesday.
Last week, the company revealed that US-based educational games company Knowledge Nation will become a new subsidiary of the company as a part of its educational games joint venture with Mooter Media and Hot Shot Media.
MOKO.mobi has new substantial shareholder
Mobile social networking company MOKO.mobi (ASX:MKB) has disclosed it has a new substantial shareholder.
Earl Fiduciary AG, as the trustee of the Adestra Trust, now owns a 7.33 per cent stake in the company with 10 million shares, MOKO.mobi said in a regulatory filing.
The trust paid $1 million for the holding. MKB shares stayed unchanged on Wednesday to close at $0.090.