Item
1.01 Entry
into a Material Definitive Agreement.
On
September 20, 2006, Visualant, Inc. signed a Memorandum of Understanding with
Branded Asset Management Group LLC to form a joint venture for the purpose
of
establishing a new anti-counterfeiting standard in a range of branded products
and categories. The
MOU
provides that Visualant, Inc. will own 50% of the joint venture, and will
license its technology to the joint venture for use in the development and
sale
of anti-counterfeit products, systems and processes in certain agreed upon
markets. The
final
terms of the joint venture will be set forth in the definitive agreements to
be
executed by the parties.
Branded
Asset Management Group LLC (BAM) was founded in 2003 to provide objective
counsel, innovation and fulfillment to brand marketers seeking accelerated
organic growth. BAM helps companies optimize the economic value of their brands
and related assets through innovation in branding, marketing, product
development and security. BAM is headquartered in New York. Its principals
are
former senior executives from the fields of international brand management,
marketing innovation, investment banking, telecommunications and
biotechnology.
Section
9 - Financial Statements and Exhibits
Item
9.01 Exhibits.
The
following exhibit is filed as part of this report:
Exhibit
99.1 Press
Release of Visualant, Inc. dated September 20, 2006.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
| Registrant: Visualant, Inc. | ||
| |
|
|
| Date: September 25, 2006 | By: | /s/ Jerry D. Goldberg |
| Jerry D. Goldberg | ||
| Title: Chief Financial Officer and Secretary | ||
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