It is quite likely that the Fuss Brands Inc (OTCMKTS:FBDS) stock is going to be come into focus among investors this week following a key announcement from the company last week. This past Friday the company announced that it inked an irrevocable and exclusive global license with the company Aynvention Ltd.
Trading Data
On Friday, FBDS stock ended flat at $1.7500 with more than 100 shares, compared to volume of 194 shares. The stock moved within a range of $1.7500 – 1.7500 after opening trade at $1.7500.
Fuss Brands Corp. Signs Licensing Agreement with Anyvention Ltd. to Acquire Intellectual Property Rights
As per the terms of the agreement between the two companies Fuss Brands is going to get the rights to manufacture, develop and distribute the technologies which are originally owned by Anyvention. The Chief Executive Officer of the company IssamarGinzberg spoke about the development as well. He noted that the company would get the rights for the Fugu Luggage brand from Anyvention which managed to get considerably positive feedback from the travel industry due to its unique line of products.
Anyvention owns the patent for the Fugu Luggage brand. He went on to note that owing to the signing of the latest deal, Fuss Brands is going to be the only company which is going to have the license to produce these patented expandable baggage products. It goes without saying that the deal was an important one for the company and it remains to be seen if the stock makes a move today.
Key Quote
“Anyvention is the owner of the patented Fugu Luggage brand, which has received acclaim in the travel industry for their unique products,” stated Fuss Brands CEO Issamar Ginzberg.
