OMAP's wholly owned French subsidiary reaches agreement in principle to sell $630,000 of French Fry vending machines.CALAIS, France--(BUSINESS WIRE)--April 17, 1996--OMAP Holdings Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:OMHI), through its wholly owned French subsidiary, Kohl SA ("Kohl"), has reached an agreement in principle with an industrial and commercial partner located in Meudon, France. This agreement involves the joint development and distribution of Kohl's French Fry French fry n. A thin strip of potato fried in deep fat. Often used in the plural. vending machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. . The terms agreed to involve this partner purchasing 90 French Fry vending machines for US $7,000 apiece, for a total of US $630,000. While Kohl currently manufacturers a French Fry machine, Kohl's partner would assist in the production of five prototypes of a second generation machine to be more responsive to the marketplace demands. Kohl's partner would receive the exclusive right to sell the fry machines in France. Through Kohl, OMAP OMAP Office of Medical Assistance Programs (Oregon Department of Human Services) OMAP Open Multimedia Applications Platform (Texas Instruments semiconductor operating system) also produces other vending machines, electrical heaters, electrical lighting fixtures and other related equipment, a variety of paper processing equipment and other industrial and consumer products. CONTACT: OMAP Holdings Inc. Tim Shannon, 407/282-4493 James Tilton James Tilton (June 1, 1745– May 14, 1822) was an American physician and soldier from Dover, Delaware. He was a delegate for Delaware in the Continental Congress of 1783 and 1784, and served as Surgeon General of the United States Army during the War of 1812. , 801/575-8073 |
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