|
| SK Technologies Corporation is engaged in licensing retail store
management software for the specialty retail industry. The Company's
StoreKare product family is a modular system of information technology
products. The Company has limited operations and is not developing any new
products. On September 12, 2001, the Company entered into a License and
Consulting Agreement with Synchronics (Licensee), whereby the Licensee
licenses through December 31, 2003, all of the Company's right, title and
interest in and to StoreKare software and certain other related assets. On
September 24, 2001 the Company's Board of Directors decided to commence an
orderly shutdown of operations immediately. The only revenue source for
the Company in the near future will be the licensing fees from the License
Agreement with Synchronics. |
|