This Letter of Intent involves
Title: TetriDyn Solutions, Inc., Announces it has Signed a Letter of Intent (LOI) with The Ameriglobal Senior Living Group, LLC
Industry: Software and Programming Sector: Technology
TetriDyn Solutions, Inc., Announces it has Signed a Letter of Intent (LOI) with The Ameriglobal Senior Living Group, LLC
Lancaster, Pennsylvania, October 27, 2015 – TetriDyn Solutions, Inc. (OTCMarkets: TDYS) announced today that the company has entered into a letter of intent (LOI) with The Ameriglobal Senior Living Group, Inc. (ASLG).
The principal terms of the LOI consist of the following two phases:
Phase One: TetriDyn and ASLG agree that ASLG will carry out a beta trial of TetriDyn’s Silver Key Solution product line, including peer review, at two senior healthcare facilities in Allentown, Pennsylvania. The trial will determine the viability of the Silver Key Solution product line for the medical industry as a professional medical management and tracking solution that addresses problem areas in the healthcare segment, including issues surrounding patient care, optimized business processes for the healthcare providers, improved reporting of incidents, and increased revenues for provided services. The beta trial will last up to six months, at the end of which ASLG will present to TetriDyn a marketing plan for the Silver Key Solution product line for domestic sales and marketing, with sales projections for five years.
Phase Two: Provided that the results of the beta trial of the Silver Key Solution product line justify further commercialization, the parties have agreed to negotiate in good faith a technology transfer agreement that provides for ASLG to market and sell Silver Key Solution product line products throughout the United States (but not internationally) in consideration of a cash payment and a royalty on all sales during the ensuing 10 years.
Randall Weston, CEO of ASLG and CEO of The Weston Group, will manage and oversee the beta trial of the Silver Key Solution product line in conjunction with Weston Group IT personnel who will review and assist with the technical aspects, including making suggested modifications and enhancements to the system, if necessary.
About TetriDyn Solutions, Inc.
TetriDyn Solutions, Inc. provides business information technology (IT) solutions primarily to the healthcare industry. The company’s business IT solutions fall into four major categories: Silver Key Solution, ChargeCatcher Revenue Recovery Services, Healthcare Softwar