The Board of Cirralto Limited announced the execution of a Software Licence and Service Agreement with national retail franchise chain, Clark Rubber. The Company can provide the following key highlights of the Agreement between the Parties: Cirralto will digitise systems in the Clark Rubber franchise offer that extend the capabilities of Clark Rubber's current Standard Operating Environment. Cirralto as licensor will licence Clark Rubber as licensee to sub-license and supply the PoolBox standard operating environment (PoolBox SOE) to all Clark Rubber owned and franchise stores. Cirralto will provide Clark Rubber head office with a dashboard and store reporting tools to enable better inventory and stock management. The project will comprise two parts, Clark Rubber head office system integration enable dashboard and store reporting functionality with PoolBox and PoolBox deployment across all owned and franchise stores. On completion, the project will connect the shop, field, warehouse and head office finance teams in a single ecosystem that enables operational excellence across Clark Rubber's franchise network. Cirralto will provide all training and support services to Clark Rubber stores. All Clark Rubber stores will be charged a baseline fixed monthly charge and contracted on three-year terms, with the ability for each store to select additional value-added features and services at additional costs based on each stores individual business requirements. Initial licence term of 3 years with automatic rollover extensions. The Company and Clark Rubber have been working diligently to formalise a project and implementation plan to rollout PoolBox across the 60 strong Clark Rubber franchise network within the next 3 months subject to resourcing and availability of key store and head office participants.