Degama Software Solutions, Inc. (DGMA) Announces Progress With Major Firm in India

August 23, 2010, 7:15 PM

Degama Software Solutions, Inc. (OTC: DGMA.PK) a leading edge technology company announced Monday that there is progress in their discussions with a distinguished Software App Marketing and Advertising Company in India which will be named upon final agreement.

The firm will begin selling Degama Software Solutions proprietary licenses to Regional licensees. This is in accordance with verbal agreements over the weekend.

They will begin with Southeast Asia and include an attractive revenue share for Degama.

Degama develops and markets proprietary location based software solutions and applications for consumers and businesses.

Degama Ceo Seijin Ki commented, “We are very happy with the proceedings thus far and feel a mutually beneficial arrangement is imminent.”

The agreement also includes an initiative to secure advertising contracts that range from Local to Global, giving advertisers rich target market opportunities.

This is particularly with the VascoNow(TM) social networking and Smartphone App.

Degama shares closed at $0.013 on Monday on above average volume.

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