Telecom Communications, Inc. announced today that its Online Social Vocational Education and Culture Business Group, MyStarU.com (http://www.MyStarU.com), has sold the exclusive license to two master franchisees — Hubei Culture and Education Services Company in the Hubei province and Chengdu Culture Services Company in the Sichuan Province, China.
The franchisee pays MyStarU.com a license fee of $200,000 in a one-time offer, and has rights to sell licenses to unlimited franchisees inside of the Hunan and Sichuan provinces.
Under the agreements, the master franchisees guaranteed that a minimum total of 40,000 vocational students will use their online education programs in 2008. MyStarU.com will generate revenues of $200,000 in monthly royalty fees.
No comments yet.