Crowd Media Holdings Limited announced that is has executed a Marketing and Development Agreement effective immediately to license its Talking Head platform to South African healthcare company Pangea Med (PangeaMed). In the first year of the agreement, the fee will be AUD 32,000 for the base license to the AI `Talking Head' platform. Additional chatbots and services will attract further fees of a minimum AUD 332,860, depending on scale, and contingent upon PangeaMed funding.

The Agreement outlines the licensing arrangement to Crowd's Talking Head Platform on a SaaS model. The platform will enable patients in developing countries to access immediate, reliable medical information before and after receiving medical treatment. The term of the contract is for 2 years with no right to terminate without cause.

This Agreement marks an important milestone in Company's strategy to develop `voice-and-visual' products the next frontier of conversational commerce applications.