Applied UV’s Subsidiary has Purchased the Continuing Business and a Multi-Year Exclusive Global Licensing Agreement With Element Designs
MunnWorks expects to integrate Element Designs manufacturing into its hospitality case goods and furnishings business utilizing MunnWorks’ domestic 100,000 sq.
- MunnWorks expects to integrate Element Designs manufacturing into its hospitality case goods and furnishings business utilizing MunnWorks’ domestic 100,000 sq.
- MunnWorks has acquired the continuing future sales “the business” and the related rights, exclusively, by agreeing to pay 10% of net realized revenues arising from this purchase.
- The Licensor has represented to MunnWorks that the annual revenues since 2017 has ranged between $3 million and $5 million annually.
- For more than 10 years, Element Designs has provided creative, elegant design enhancements for commercial and public properties across the globe.