UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 1, 2006
WINMAX TRADING GROUP, INC.
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(Exact name of registrant as specified in its chapter)
FLORIDA 0-29751 65-0702554
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
48 Wall Street, 11th Floor
New York, New York 10005
(Address of principal executive office)
Registrant's telephone number, including area code 877-693-3130
Item 1.01. Entry Into A Material Definitive Agreement
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The Registrant, Winmax Trading Group, Inc., is referred to herein as "we" or
"our" or "us".
GoLemur! Inc. ("GoLemur!"), our wholly owned subsidiary that we formed on May
26, 2006 (GoLemur! Inc. and Winmax Trading Group, Inc. are also hereafter
individually and collectively referred to as "we" or "our" or "us") completed an
agreement with Elitecom Technologies Corporation ("Elitecom") on July 5, 2006
and DGT Information Systems Ltd ("DGT") on July 1, 2006. The terms of these
agreements are described below.
ELITECOM TECHNOLOGIES CORPORATION AGREEMENT
On July 5, 2006, GoLemur! completed an agreement with Elitecom ("Elitecom
Agreement"), a China corporation that is engaged in the business of providing
software development and design services. Elitecom is based in Shanghai, China.
Under the terms of the Elitecom Agreement, Elitecom is required to meet certain
project milestones in connection with assisting in the building, testing,
implementing and deploying of a Java based proprietary Media Player, including
completing:
a. function design;
b. detail design;
c. coding/unit testing;
d. integration testing; and
e. system testing.
In exchange for Elitecom's services, we are required to pay project fees based
on the completed project MILESTONES listed in a - e immediately above, as
follows: (a) $11,000 on August 8, 2006; (b) $14,000 on September 1, 2006; and
(c) $16,800 on September 22, 2006. Additionally, Elitecom will receive a project
unit price based on the following personnel costs per month: (a) Project Manager
- - $4,000 per month; (b) Senior Engineer - $3,000 per month; (c) Software
Engineer - $2,000 per month; (d) QA Engineer - $2,000 per month. Elitecom will
undertake the system testing in Chinese mobile networks; however, system testing
outside the Chinese mobile networks is outside the scope of the work to be
performed by Elitecom.
The Elitecom Agreement is subject to certain confidentiality provisions.
Elitecom executed a non-disclosure agreement and a confidentiality agreement on
June 27, 2006.
DGT INFORMATION SYSTEMS LTD AGREEMENT
On July 1, 2006, GoLemur! completed an agreement with DGT ("DGT Agreement"), a
China corporation engaged in the business of providing software development
services. DGT is based in Shanghai, China. Under the terms of the DGT Agreement,
DGT will implement phase 1 of the GoLemur! website, including:
a. Function specification;
b. Detail design;
c. Development, including integrated framework, system management,
upload/download files, user's my space, friend list management, and
auto-mail of periodic news;
d. Unit, functionality, system integration, and performance testing;
e. Deployment; and
f. Two months of free maintenance.
The project duration specified in the DGT Agreement is June 26, 20006 to October
31, 2006.
In return for DGT's services, we are required to pay DGT a project development
cost of $22,603 payable as follows: (a) payment of $9,041 payable upon signing
of the DGT Agreement; and (b) payment of $13,562 payable upon completion of user
acceptance testing.
Any changes to the project scope and objectives that impact the project cost or
the project deliverables must be made in writing and mutually agreed upon by the
parties.
DGT executed a non-disclosure agreement and a confidentiality agreement on June
28, 2006.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
July 10, 2006
WINMAX TRADING GROUP, INC.
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(Registrant)
/s/ GERALD SKLAR
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Gerald Sklar
President and CEO