On January 22, 2015 Alkame Holdings, Inc. entered into a binding Memorandum of Understanding to form a joint venture with Read Made, Inc. The purpose of the joint venture is to develop intellectual property associated with single use disposable baby bottles and market the completed products in the US and international markets. It has been brought to the company's attention that Ready Made has signed a new agreement, without any formal termination of the existing MOU. The company has decided to announce its formal rescission from the MOU, due to the inability to come to mutually agreeable terms.