Released by ILOCX for National Academy of Athletics:
National Academy of Athletics pays out royalties to all its ILO holders
National Academy of Athletics, listed on the Initial License Offering Contract Exchange platform (https://ilocx.com/exilo/national-academy-of-athletics/), has issued and paid in full its royalties for 2020.
Despite not meeting projections as a direct result of the Covid-19 pandemic, license holders still received a royalty of $18 per license at the beginning of January.
In recent news, National Academy of Athletics has split their licenses, and revised their projections for 2021. More information is available here.
Aaron Locks, CEO of NAofA says:
“As I am sure you are aware, the year 2020 was an incredibly challenging time for so many, especially small businesses. While we still face the Coronavirus-19 challenges, we believe the second half of this year will see significant growth.”
National Academy of Athletics swiftly adapted to the coronavirus pandemic by offering online classes to kids. They also hosted a range of contactless events, checking temperatures and ensuring social distancing measures were met.
NAofA has gained 25 City And School Partnerships in response to offering our On-Demand and Virtual camps, sold a new territory and launched a new website with customized CRM and registration software.
For more information about their response, and insights to their unique business model, visit this link here.
ILOCX is the Initial License Offering Contract Exchange, a platform where innovative companies can list License Offerings. Buyers of these licenses agree to participate in the company’s growth by promoting them on social media all the way to becoming an affiliate.
ILOs are licensing contracts that permit the ILOer to promote the company’s approved information to a wide audience for the purposes of perpetuating sales. This system drives sales and revenue and then rewards it on both sides. ILOers get a percentage of the company’s gross revenue, similar to a commission, for their promoting activity. This lasts for a 3-year term after which the company elects to either roll the license again, buy it back, or convert it to equity in the case of a stock market listing.