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No Financial Terms was disclosed. All users' information has been transferred to New Entity. Mr. Vince Charles Allen Moulterie II retains full ownership of all Proprietary Technology and Domain Names. Mr. Moulterie II has agreed to refrain from Developing or Leasing his Technology or Assisting a third party in building a music system for a period of 1 year.
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More than 400 million downloads were generated, and 83 million Music Bundles (3-CD's) was sold over a 3-year period. No jobs were lost in this transaction. Spinpenny Staff that didn't choose to relocate were given the opportunity to work at Virtual150i.
Building A More Stable Investment Environment
Charles Allen Jr.
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