By a News Reporter-Staff News Editor at Marketing Weekly News -- World Assurance Group, Inc. (www.worldassurancegroup.com) (OTC Pink: WDAS) announces that it has booked an additional $288,000 in licensing fee revenue for Power Cloud 14.
Following the completion of the fund raising phase of Power Cloud 14, WDAS has booked an additional $288,000 to WDAS Q3'14 revenues. As part of its technology and brand license agreement, WDAS receives 10% of the set-up costs once funding is completed and a further 3% of the ongoing revenues once these Power Clouds go into production. PowerClouds has already started funding Power Cloud 15. For more details, please see http://www.powerclouds.com/index.php/projects/.
The WDAS licensee, PowerClouds Pte Ltd, continues to make significant progress and in the last year alone, it has made in excess of 173,500 payments to over 50,000 participants who have enabled the PowerClouds concept become a green electricity producing reality.
Mr. Fabio Galdi, Chief Executive Officer of WDAS says, "We are excited that our licenses are now generating a return for WDAS, for the licensee, for the environment and also for the PowerClouds participants."
Mr. Fabio Galdi continues to say, "It is not every day that a company with such an amazing future, in ground breaking sectors that are changing the world, can give back in so many different ways. I am excited that our shareholders can also benefit from this strong performance, now that we have issued to our shareholders our first ever dividend." About World Assurance Group World Assurance Group, Inc. (WDAS) is a holding company operating through three wholly owned subsidiaries. WOR(l)D Global Group Inc., based in Miami, Florida is the group's research center. World Global Assets is an intellectual property licensing company based in Singapore. CellAd (www.cellad.com), based in Dublin, Ireland, operates in the global mobile advertising industry and has developed a revolutionary new cloud based advertising platform and AdKoin app that delivers full screen advertisements every time a subscriber receives an inbound call or text message in return for a reward.
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