The Board of Directors of Tamadam is pleased to announce that Café Barbera (SEA) Sdn Bhd (“licensee”), a wholly-owned subsidiary company of Tamadam, has entered into a License Agreement with Café Barbera Franchise, FZE (“licensor”); to be given the right to use the trademarks of “Cafe Barbera” and such other logos, insignia, labels, trademarks and trade names in connection with the establishments and operations of the cafes in Malaysia, via a contract dated 28 December 2009 and any supplemental agreements executed thereof. The exclusive rights shall be valid for a period of ten (10) years commencing from the effective date agreed with the licensor. The Board is of the opinion that the ownership of the trademark establishment of Café Barbera is expected to contribute positively to Tamadam’s future earnings.
This announcement is dated 28 December 2009.