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Life
On Earth, Inc. (LFER) Closes Purchase of
SmartAxiom, Inc.
LFER is Poised for
Growth in Cloud Based Software and Technology Solutions to Enable
Secure, Smart, Compliant and Maintainable Enterprise Business
Solutions
NEW YORK, New
York -- May 13, 2021 -- InvestorsHub NewsWire
-- Life On
Earth, Inc. (OTC
Pink:
LFER), announces
today that it has
closed on the purchase of
100% of the issued and
outstanding shares in SmartAxiom, Inc. and it's India Subsidiary ("SmartAxiom"),
including all intellectual property, existing software
infrastructure,
and current customers.
SmartAxiom is
a California-based
IoT solution and
cybersecurity software company
founded by Amit Biyani.
Along with the acquisition comes a team that have decades of experience in embedded system engineering,
security, blockchain, data analytics, technology marketing and
solution sales, contributing to the success of industry leaders such as Broadcom, Intel, ARM
and NXP.
SmartAxiom's patented software technology manages and secures through a unique lite blockchain technology running among those
devices at the edge of the Internet and enabling them to defend themselves.
The SmartAxiom technology can also manage Non-Fungible Tokens
(NFTs) and this solution is seeing great customer interest for
tracking the entire lifecycle of IoT devices and every step of the
supply chain and distribution webs. Upon closing of the
SmartAxiom's acquisition, SmartAxiom will operate as a wholly-owned subsidiary of Life On Earth,
Inc.
Statement from Mr.
Mahmood Khan Chief Executive Officer of Life On Earth,
Inc.:
"I am very pleased to announce our closing of the SmartAxiom acquisition. This first step is the key to our
vision of delivering value in the fast-emerging technologies, that
include bullet proof secure IoT solutions and SaaS based enterprise
software. In addition, we
can leverage SmartAxiom's patented core technologies to rapidly expand
our systems to address desperately needed hacker-proof business
solutions. This is vitally important given the recent developments
of cyber-attacks and hacks that have occurred recently on a
worldwide scale. To that end, we shall be making additional
announcements to update the markets, and our industry, on
how SmartAxiom
progresses with its existing and
new strategic partnerships and solutions."
Statement
from Mr. Amit Biyani, Founder SmartAxiom Inc.:
"I
am thrilled
to be working with the LFER
team as this acquisition will accelerate the
productization and deployment of vertical solutions based on our
patented blockchain IoT technologies. This will enable us to
better satisfy a broader range of customers and partners more
quickly with exciting new
NFT-based offerings.
The acquisition will help us
realize our vision to be the
de-facto standard for securing the
Internet-of-Things through decentralized blockchain technologies,
thus making it all safer, faster and more efficient
for all."
LFER has disclosed the closing
in Form 8-K.
About Life
On Earth, Inc.
Life
On Earth,
Inc. ("LFER")
is a cloud based enterprise software developer and a provider
that enables rapid innovation that keeps the Cloud enterprise
operations safe, compliant and manageable. The products were
designed to help organizations innovate and modernize legacy
systems while minimizing cost and risk of business disruptions and
ensure regulatory compliance. For
more information, please visit our corporate Website
- www.lifeonearthinc.com.
Investors and
corporate inquiries, please
contact: info@lifeonearthinc.com - (646) 844- 9897
About
SmartAxiom, Inc.
SmartAxiom's software manages and secures
the Internet-of-Things (IoT)
through patented, lite blockchain
technology running among those devices at the edge of the
Internet and
enabling them to defend themselves.
Our peer-to-peer distributed ledgers improve security,
latency, reliability
and manageability. We uniquely
create the first true endpoint-to-cloud blockchain solution, while
our IoT Smart Contracts manage NFTs and push intelligence to the edge.
SmartAxiom technology is proving valuable in many
verticals such as smart buildings, manufacturing lines, in vehicles
and shipment tracking. It interoperates with enterprise systems
such as IBM Blockchain and Microsoft Azure and is proven on many
ARM and Intel based microcontrollers such as those from Intel, NXP,
Renesas, Marvell, and Broadcom. https://www.smartaxiom.com.
Safe Harbor Act
Forward-Looking Statements: This
release contains statements that constitute 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. These statements appear in a number of places
in this release and include all statements that are not statements of historical
fact regarding the intent, belief or current expectations of
Life On Earth, Inc. its directors or its
officers with respect to, among other things: (i) financing plans; (ii) trends
affecting its financial condition or results of operations; (iii)
growth strategy and operating strategy. The words "may," "would,"
"will," "expect," "estimate," "can," "believe," "potential" and
similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements, including those relating to the LFER's
financing being adequate for it to develop and market
its software products, and to launch its growth
and expansion plans, among others, are not guarantees of future
performance and involve risks and uncertainties, many of which are
beyond Life On Earth, Inc.'s ability to control, and actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors. No information in this
press release should be construed in any way whatsoever as an
indication of Life On Earth, Inc.'s future revenues,
financial performance or stock price. More information about the
potential factors that could affect the business and financial
results is and will be included in Life On Earth, Inc.'s filings with the
Securities and Exchange Commission at www.sec.gov.
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