PEERLOGIX, INC. (OTCMKTS:LOGX) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
Effective August 16, 2018, the Company executed a services agreement with Oracle America, Inc., whereas, certain services including aggregation, analysis, segmentation, reporting, marketing, sales and distribution of data segments from the Company are licensed for use via Oracle’s proprietary electronic platform. Revenue payouts to the company are to occur within sixty (45) days after the end of each calendar month. The initial term of the agreement is 1-year.
Forward-Looking Statement
Certain of the statements contained in this herein include future expectations, contain projections of results of operations or financial condition or state other "forward-looking" information. The information contained in this includes some statements that are not purely historical and contain "forward-looking statements," as defined by the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the Company's and its management's expectations, hopes, beliefs, intentions or strategies regarding the future, including the Company's financial condition and results of operations. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "believe," "expect," "anticipate," "intend," "estimate," "may," "should," "could," "will," "plan," "future," "continue," and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, the actual results could differ materially from the forward-looking statements contained in PeerLogix forward-looking statements.
About PEERLOGIX, INC. (OTCMKTS:LOGX)
PeerLogix, Inc., formerly Realco International, Inc., is an advertising technology and data aggregation company. The Company is engaged in providing software as a service (SAAS) platform, which enables the tracking and cataloguing of Torrent files and Torrent networks in order to determine consumer trends and preferences based upon media consumption. The Company developed and deployed a mobile and digital advertisement-serving platform utilizing such data to provide targeted placement of digital advertisements. Its patent pending platform collects Torrent data, including Internet protocol (IP) addresses of the uploading and downloading parties, the name, file type, media type, and genre of media downloaded, and utilizes licensed and publicly available demographic and other databases to further filter the collected data to provide insights into consumer preferences to digital advertising firms, product and media companies, entertainment studios and others.