We have been awarded a U.S. General Services Administration contract for a base period of 5 years, with 3 optional extension periods of 5 years each. The contract should be thought of as a listing, because it constitutes an agreement of supply and payment for goods according to pre-determined conditions, as product is required. For example, for orders under a specified figure, we have been approved to accept credit card payments at the time of order, we have been approved to begin developing GSA Advantage website presence, we have agreed on the amount of time that we have to make deliveries, and who will pay for them under what circumstances, and so forth.
For shareholders wondering what this means in practical terms, a good comparison would be the Do it Best listing. The various Do it Best store members are actually the owners of Do it Best. They are represented by the Do it Best corporate office centrally to organize and administer the availability of suitable products, so that store owners simply look on their computer screen and see all they need at a glance, to order what they want in their store. The GSA serves the interests of the many operating branches of the U.S. government (which has been described as the largest “customer” in the world). The GSA makes it easier for the U.S. military and all other federal government branches to buy goods they want by doing the selecting, screening, organizing in advance with suitable vendors.
Accordingly, someone in the U.S. Navy, for example, who is responsible for ordering cleaning solutions for an aircraft carrier, has official channels that make it easy and efficient to acquire GSA approved products without any further vetting/negotiating. That’s because the GSA seeks value, responsibility and innovation from its vendors for the benefit of the agencies that it serves, in advance. Once a product is available to all branches of the U.S. government through the GSA, (like we now are) then the task is much easier for vendors to secure business from the various agencies based on the merits of the products themselves.
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So, the bottom line: by being awarded a GSA contract, Winning Brands has become an approved supplier of goods to any authorized person in any branch of the United States government (and State governments in special situations) who wants to purchase its products using government funds.
The next step is to let persons in those branches who have already expressed interest know that we are official now, as well as to get the word out amongst suitable prospects across the range of military and other branches who might appreciate 1000+ Stain Remover, The World’s Most Versatile Cleaning Solution, and our other offerings.
