The Now Corporation (OTC:NWPN) Stock In Focus After Recent News
On Tuesday, there were a significant number of companies that had come into focus among investors, and one of those was The Now Corporation (OTC:NWPN). The publicly traded company announced yesterday that it had inked a Memorandum of Understanding with the Delaware-based firm Jerk King Franchise LLC. As per the provisions of the strategic partnership between the two, The New Corporation got exclusive rights to contact franchises that may be interested in operating Jerk King franchises in different states and provinces.
The partnership was a strategic move from The Now Corporation to further expand its portfolio and cash in on the popularity enjoyed by Caribbean cuisine. Thanks to the agreement, the company would be able to contact approved franchises in all the states and provinces in the United States except Illinois, Ontario, Washington, and Maryland. In the news release, it was noted that The Now Corporation would adopt a targeted approach for the expansion of franchises. It would focus on specific regions and thereby potentially boost the chances of success for the franchisees.
The agreement between the company and Jerk King Franchise LLC had been inked for a term of ten years. The duration of the agreement was significant since it was an indication that the partnership was for the long term. Hence, it would also be a stable network for franchisees who may be interested in joining up. The financial benefits for the company could be considerable from the partnership since it would be entitled to 5% of the gross franchise fees.
The revenue structure would also provide the company with a compelling incentive to actively recruit and support franchises, thereby leading to more success for Jerk King franchises. In light of the development, it could be a good time to add The Now Corporation stock to your watch lists.
