Wireless Ronin reacquires rights to gaming signage software

MINNEAPOLIS — Wireless Ronin Technologies Inc. announced it has repurchased a software license from the Marshall Special Assets Group to regain previously sold rights to sell product to the gaming industry. The company completed a Mutual Termination, Release and Agreement through which WRT regained the rights to directly control its sales and marketing process within the gaming industry and will obtain increased margins on all future digital signage sales.

In an agreement implemented in 2004, the Marshall Special Assets Group provided support and financing for WRT to reach casinos, lottery and gaming groups worldwide with the RoninCast digital signage software. The Marshall Group managed the sales and marketing efforts on behalf of Wireless Ronin and, in turn, received a percentage of the sales margin.

WRT repurchased these rights for the original sale price plus accrued interest.