Satellite Newspapers has contracted Mass medi to be the exclusive regional distributor for Satellite Newspaper products in the Middle East Region.
The Minimum retainer fee, a total amount of US $3,600,000 will be paid to Satellite Newspapers Suisse GmbH.
After Asia Pacific and South Pacific, Middle East is the third region that signed up, and Mass media shall operate Satellite Newspapers Middle East for the period of 20 years. Satellite Newspapers shall subscribe a total of 8 regional distributors for its products.
Mr J. Muller, CEO of Satellite Newspapers Middle East LLC said:"We are focussing on setting up a cost effective organization by building a strong network of local country distributors. Looking at the potential market, we have positive expectations with, for example, the airline industry as a big target. You will hear from us!"
Mr R. Piceni, Executive Chairmen of Satellite Enterprises said: "We are looking forward to cooperate with the best professionals. We regard the agreement with MASS media to be an important milestone for Satellite Enterprises Corp."
Satellite Newspapers operates the World Wide Rights for the Satellite Newspaper KiOSKS.
The Satellite Newspaper KiOSK prints customers newspapers on demand within two minutes.
Satellite Newspapers intends to involve all major newspaper publications from around the world in order to serve the mutual customers of the publishers and themselves.
With publishers from 52 countries submitting their content on a daily base, Satellite Newspapers offers the latest editions of over 140 publications, in familiar printed format, from their unique electronic vending unit, the KiOSK and from their internet based bulk printing system, CLiENT.