Operations commenced in 1986 with the license granted to it by the Company’s president ,Vincent Cuervo, of his early intellectual property referred to as "The Resource Default Proof Method System” patents. Agreements and considerations between him and the Company were executed and patent applications, patents and other proprietary rights to the system, including the right to use the registered trademark: RESOURCE, where among them.
Since inception, the Company has generated low revenues from operations and its activities have consisted primarily of organizational activities, development of the patented system, and preliminary marketing activities. During the...
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