MyStarU.com, Inc. announced today that its Online Social Vocational Education and Culture Business Group, MyStarU.com has sold the exclusive license to three master franchisees in China in March.
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 Jiangsu, Anhui and Shandong provinces.
Under the agreements, the master franchisees plans that a minimum total of 50,000 vocational students will use their online education programs in 2008. MyStarU.com will generate revenues of $250,000 in monthly royalty fees, as a forecast.
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