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DESCRIPTION OF BUSINESS
3 Months Ended
Mar. 31, 2020
DESCRIPTION OF BUSINESS  
NOTE 1 - DESCRIPTION OF BUSINESS

WOD Retail Solutions, Inc. (hereinafter the “Company”, “Our”, “We” or “Us”) is a retail focused management company which currently owns several vending kiosks and has an agreement to buy or lease up to $500,000 of additional kiosks and supplies or other intelligent retail solutions for distribution to gym owners and coaches. We will manage the retail sales, up front inventory purchases, ongoing inventory management, payments, marketing, and related services. The Company is in discussions to expand the utilization of these intelligent solutions to other opportunities in hospitality, miscellaneous food distribution and several other opportunities where human interaction can be limited, and the service required still be provided efficiently and profitably. COVID 19 has caused a reassessment of the human interaction and the Company expects exponential growth upon the return to unrestricted business activity in the nation. The stay at home orders have restricted our ability to place the newly purchased kiosks. We expect to place the kiosks within 30 days of the removal of the restrictions and the reopening of our target businesses.

 

Our ability to complete subsequent phases of our newly developed business plan and operations are subject to us obtaining additional financing as these expenditures will exceed our cash reserves.

 

Today, we serve the fitness community marketing training products in fitness centers and gyms through automated retail solutions.