Mega Systems Agrees to Pay Signify $500K for IP

Our attorney friend in Denmark, Henrik Villumsen, made us aware of the recent filing where Mega Systems Agrees to pay $500,000 to Signify for amounts they owe up until the end of 2023. Henrik will be visiting clients in the U.S. next week.

Mega Systems, Inc. was named after four brothers; M iguel, E lio, G uillermo and A rturo Cabada who founded the company in 2000. They brought their collective experience in entertainment and sales together to form what is now one of the leading manufacturers in the market. Located in San Antonio, Texas we showcase our products throughout the United States at industry trade shows and scheduled road trips. Our products are sold internationally through an expanding dealer network and team of sales representatives.

I spoke Miguel Cabada and he did confirm that the $500,000 had been wired and that there is a new IP agreement for 2024 and beyond.

Read the court order below.

Mega Systems Agrees to Pay $500,000 to Signify for IP

Joint Stipulation of Dismissal