ATWEC Technologies Achieves
‘Pink Current Information’ Status Board of Directors unveils Plan
of Operations at July 2019 Annual Meeting
Memphis, TN, July 29, 2019 (NEWSWIRE via COMTEX) – ATWEC
Technologies, Inc. (OTC Markets: ‘ATWT’), a US-based company
specializing in child safety and protection technologies, today
announced several new business initiatives, established at its
Annual Board of Directors Meeting, held on July
16.
The Board unanimously agreed to elect current Director
Darnell Stitts as the Company’s interim-CFO, while the Company
works to strengthen its accounting and finance in anticipation of
filing a registration statement by year-end
2019.
Mr. Stitts has been an ATWT investor and minority
shareholder since 2015, pushing the Company to obtain the funding
necessary to complete active compliance. ATWT attained ‘Pink
Current Information’ status on July 12.
The Company also approved its Plan of Operations for
2019 3Q and 4Q, with primary focus areas being growth by
acquisition, improved business model with cutting-edge products and
services, and short-term financing, for eliminating debt and
obtaining working capital for immediate
expansion.
Alex Wiley, inventor of the patented Kiddie VoiceTM
system and the Company’s largest shareholder, retains his key role
as Chairman. “We’ve worked hard since 2016, and spent the last two
years identifying the right business model, one that will utilize
new technologies to make children safer, and give parents
‘peace-of-mind’. We plan to complete several pilot programs in
August, heading into the new school year. Excitement couldn’t be
greater right now.”
Both Stitts and Wiley have helped the Company to
identify potential acquisition target companies in the Education
and Transportation sectors, as the Company looks to expand
resources, operations, and revenues through ‘growth by acquisition’
in 3Q 2019. The Company feels that it can attract a solid merger
candidate through the offer of common stock and/or
cash.
The Board also approved the Company commencing a
financing that will both 1) eliminate existing liabilities and 2)
provide short- and long-term financing for the
Company to grow the business through 2021. The Company
has been negotiating with various capital firms since May, and the
Board anticipates reaching agreement on one or more pivotal funding
transactions in August 2019.
Stitts stated, “The Company is poised for breakout sales
and profits, and getting current has just accelerated everything.
With children dying in hot cars, and potential danger seemingly
around every corner, we feel confident that our broad child safety
initiative will protect and enrich the lives of not only the young
students, but also the drivers, administrators, and
parents.”
Shareholders and other investors can find the
information related to the Company’s recent disclosure filings on
the OTC Markets website under the symbol “ATWT”, as well as the
Company’s website home page, www.atwec.com.
Safe Harbor Statement
This release contains "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future
expectations, plans, results, or strategies and are generally
preceded by words such as "may", "future", "plan" or "planned",
"will" or "should", "expected," "anticipates", "draft",
"eventually" or "projected".
You are cautioned that such statements are subject to a
multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those
projected in the forward-looking statements, including the risks
that actual results may differ materially from those projected in
the forward-looking statements as a result of various factors, and
other risks identified in the Company’s disclosure
information.
All company or product names used are the property of
their respective owners and may be the trade marks (TM), service
marks (SM), or registered marks (R) of other companies, and are
used for information purposes only and to their owners' benefit,
without intent to infringe.
About ATWEC Technologies, Inc.
(“ATWT”):
ATWEC Technologies, Inc. is a technology company
providing child safety and protection services, headquartered in
Memphis, and has been doing business since 1979. ATWT has developed
unique vehicle safety devices which protect children while being
transported to and from schools, homes and special events. ATWT has
been issued patent number 7,646,288,B2 by the US patent office, and
its business model is associated with
legislation
designed to mandate these systems for school and other
vehicles, on a state-by-state basis. The Company trades on the OTC
Markets under the symbol “ATWT”, and the Company’s website is
www.atwec.com.
CONTACT: ATWEC Technologies, Inc. Darnell Stitts,
Secretary & Director info@atwec.com; gerome41@gmail.com (901)
289-2621
Copyright 2019 Newswire, Inc., All rights
reserved.
SUBJECT CODES: Wholesale – Durable Goods, Motor Vehicle
Supplies and New Parts. Electronic and other Electrical Equipment.
Motor Vehicle Parts and Accessories.
Grafico Azioni Atwec Technologies (PK) (USOTC:ATWT)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Atwec Technologies (PK) (USOTC:ATWT)
Storico
Da Gen 2024 a Gen 2025
