The Company has also entered into a support services agreement (the "Support Services Agreement") with Sleek, Inc. ("Sleek"), having a term of three years. Sleek is a Massachusetts corporation which is controlled by the Company new CEO, Andrew Rudnick. Pursuant to the Support Services Agreement, Sleek agreed to provide marketing, consulting, cash management, personnel management, and other services to the Company. In return for Sleek's providing the services, the Company agreed to issue to Sleek 1,240,000 shares of the Company's restricted common stock. Sleek is also eligible to receive up to 1,240,000 shares of the Company's common stock for each $1,000,000 of annual incremental increase in the Company's EBITDA from a baseline of $0.00. The Company also agreed to pay an administrative fee to Sleek equal to the aggregate of Sleek's actual costs, fees, and expenses incurred in providing the services.
BSML, Inc., formerly known as BriteSmile, Inc., markets the most advanced teeth whitening technology available and manages state-of-the-art BriteSmile Professional Teeth Whitening Centers. BSML Spa Centers are currently operating in Beverly Hills, Irvine, Palo Alto, Walnut Creek, San Francisco and La Jolla, CA; Houston, TX; Denver, CO; Boston, MA; McLean, VA; Atlanta, GA; New York, NY; Chicago and Schaumburg, IL. For more information about BSML's procedures, call 1-800-BRITESMILE or visit the Company's Website at http://www.britesmile.com.
This release, other than historical information, consists of forward-
looking statements that involve risks and uncertainties. Readers are
referred to the documents filed by BSML with the Securities and Exchange
Commission, specifically the Company's most recent reports on Forms 10-K,
10-K/A and 10-Q, that identify important risk factors which could cause
actual results to di
|SOURCE BSML, Inc.|
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