WordLogic Corp. announced that the non-exclusive global licensing agreement to all of WordLogic patents, including REACH patent-pending with ORA Capital has finalized all details of the agreement including the $250,000 financial obligation. This partnership will apply REACH technology to existing apps with a large user-base seeking a revenue model.

Under the terms of the aforementioned LOI, WordLogic's percentage will be paid on a gross basis, less cost of goods sold and commissions, which will be split 60/40 at the end of every quarter. As per example, if 1 million users utilize REACH within an app, revenue will be created as such: assuming each user purchases 1 Groupon coupon per year, and that the user will click-through ads presented by the REACH search mechanism twice a week. Approximately $3 million would be produced each quarter, accordingly.

Less commissions and partnership split would result in approximately $700,000 per quarter in revenue to WordLogic, per 1 million users.