AppSpotr: AppSpotr signs MoU with a Chinese company for restaurant apps

AppSpotr has, via the partly owned subsidiary AppSpotr Asia, signed a Memorandum of Understanding (MoU) with the Chinese company Mishu Technology (MST) to deliver apps to restaurants. The apps will be used for app based marketing, table reservations, ordering of takeout and mobile payments. As a first step, AppSpotr and MST will launch a joint pilot project to build and test the solution in up to 1 000 restaurants. After successful completion of pilot project, then AppSpotr will deliver apps to more restaurants. The exact costs associated with the development and selling of the app is