London Stock Exchange (LSE) listed company Veltyco Group has signed a deal with Novox Capital which involves a marketing and revenue sharing agreement with ZoomtraderGlobal. The brand, which is part of the Cyprus Securities and Exchange Commission’s regulated parent firm’s portfolio, is using technology from binary options trading software provider Tradologic.
ZoomtraderGlobal has been one of the top brands of the company and the agreement with an LSE listed firm could raise the profile of the brand. Clients can trade stocks, currency pairs, commodities and indices.
The deal will be concluded with the subsidiary of Veltyco which is oriented towards financial trading, named Options888 Marketing Ltd. According to the deal, Options888 has exclusive marketing rights and a participation in revenue generated by all new customers to ZoomtraderGlobal.
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As part of the deal Veltyco is also being transferred the rights to an option to acquire ZoomtraderGlobal via Elsona Assets Limited. According to Veltyco, the company does not intend to exercise the option.
The deal is worth €600,000, plus £2.35 million ($3 million) worth of new shares that are going to be issued to Elsona Assets. The return on the revenue which is accumulated under the deal of up to €50,000 per month will be transferred to Elsona for 12 months or until the total amount gets to €600,000.
After the admission of the shares to the LSE the total number of listed shares of the company will consist of 67.6 million ordinary shares when compared to the present 56.9 million.
The Brand Manager of ZoomtraderGlobal, Ilan Tzorya, commented on the deal: “We are very excited to partner up with Veltyco Group, benefiting from all the marketing experience available in the group. We are committed to driving these revenue sharing opportunities and confident that this will be a major success.”
Veltyco’s Chairman David Mathewson stated: “This agreement brings a great opportunity for Veltyco to significantly increase its revenues through customer referrals to ZoomtraderGlobal from our focussed marketing campaign. We look forward to growing this relationship.”