KELOWNA, BC, Aug. 20, 2013 /PRNewswire/ - Appiphany
Technologies Holdings Corp. ("Appiphany") (OTCBB:APHD) is
pleased to announce that it has signed a Revenue Sharing Agreement
(the "Agreement") with Rangemore Film Productions
("Rangemore"). The total value of the agreement is
approximately USD$350,000.
Under the terms of the Agreement, Rangemore has
the right to purchase from Appiphany up to 10% of the net revenue
generated by the first ten episodes of the MMA Animals
TM cartoon series. The royalties will be purchased
by Rangemore using cash and stock. The revenue defined in the
agreement includes: World Wide box office receipts, DVD sales,
Pay-Per-View revenue, television syndication and licensing fees,
revenue generated by internet downloads, and any fees paid by
airlines. The term of the royalty is ten years from the date
of original purchase. The total value of the agreement is
approximately USD$350,000 or
USD$35,000 per episode and the funds
will be used to develop the cartoon series.
MMA Animals TM is the world's
first kid's brand based on the sport of mixed martial arts.
Each of the member of the MMA Animals TM family
will specialize in a specific discipline such as: Karate, Judo,
Wrestling, Jiu Jitsu, Sambo, Mauy Thai, Tae Kwon Do. Each
episode the series will be written with the intent of
teaching viewers values and life lessons while keeping them
engaged and entertained. Appiphany will continue to release
new characters along with downloadable interactive games and
stories as the brand develops.
About Appiphany Technology Holdings
Corp.
Appiphany Technologies commenced operations in June of 2009.
The scope of the business is based around the use of new
technologies in the consumer market. Appiphany intends on
diversifying its involvement in the various industries where
technologies blend with entertainment. The evolution of the
Company will be integrating third-party accessories to function
with applications in the toys to life category. We aim to maximize
user experience while exploring the innovative technological
possibilities of today.
Currently our focus is on developing the MMA
Animals TM the worlds first children's mixed
martial arts brand. Appiphany is a Development Stage Company,
as defined by Financial Accounting Standards Board ("FASB")
Accounting Standards Codification ("ASC") 915, Development Stage
Entities, and has not yet generated significant revenues from their
intended business activities.
Forward-Looking Statements
Except for the historical information contained herein, the matters
discussed in this press release are forward-looking
statements. Actual results may differ materially from those
described in forward-looking statements and are subject to risks
and uncertainties. See Appiphany's filings with the SEC which
may identify specific factors that may cause actual results or
events to differ materially from those described in the
forward-looking statements.
SOURCE Appiphany Technologies Holding Corp.