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05-04-2013, 04:53 PM #1
WWE Reveals Details On Their TOUT Investment
WWE's 10-Q quarterly report filed with the SEC today revealed details on their investment in TOUT. The report notes that the company invested $5,000 in Series B Preferred Stock of Tout Industries, Inc. on June 25th and they entered into a two-year "strategic partnership" in which WWEpromised to fully integrate and promote the Tout service with their TV shows, digital properties and live events. (And yes, that means we have at least another fourteen months of the company pushing TOUT.)
WWE is eligible to receive up to 11,250 shares of TOUT common stock per quarter over the life of the two-year agreement and for the first quarter of 2013 they "achieved the required performance metrics and recorded revenue of $0.2 million."
AchievmentsdR Wrestler Of The Month March 2013 I dR Wrestler Of The Month July 2013 I dR Star Of The Month May 2013 I 2x GFX League Champion
We want punk..........We want punk..........We want punk..........