ATWEC
Technologies (OTC Pink:
ATWT) Finalizes $1.96 Million
Acquisition
Miami,
FL--(InvestorsHub
NewsWire
–
December
16, 2020)
– EmergingGrowth.com, a leading independent small cap media portal
with an extensive history of providing unparalleled content for the
Emerging Growth markets and companies, reports on
ATWEC
Technologies, Inc. (OTC Pink: ATWT).
-
Completes
Acquisition – Acquires
SafeBus
Tech,
Inc. in $1.96 million cash / equity deal
-
Substantial
Revenue Growth – Early
Indicators show substantial revenue growth for 2021
-
Acquires
Manufacturer – Acquires Assembled Products,
Inc. in $2.6 million cash / equity deal
-
$1 Million
in Sales – Gross 2019 sales of Assembled
Products was approximately $1 million
-
Increased
Margins – Acquisition increases margin
/ decreases expenses by 75%;
ATWT
may not be at these levels much longer.
See the Press
Release and more on ATWEC Technologies, Inc. (OTC Pink: ATWT) at EmergingGrowth.com
https://emerginggrowth.com/?s=ATWT
ATWEC
Technologies, Inc. (OTC Pink: ATWT)
is a 40+ year old
company in the safety / sterilization space that could prove to
be very
valuable at these levels, and they just announced the completion
of a strategic acquisition in the $250B child safety
industry.
The now finalized
deal valued at $1.96 million in cash and stock is for the
acquisition of SafeBus Technologies, Inc.,
headquartered in Atlanta, GA. SafeBus will become a wholly owned
subsidiary of ATWT, and its shareholders will receive $560,000 in
cash and 80M shares of restricted common stock in the
deal.
SafeBus
Technologies is a
private Wyoming corporation, who has developed a suite of unique
products and services that allows parents of school age children
real-time tracking of both the bus and their child, thus providing
invaluable "peace of mind" for parents or guardians.
Likewise, the Company's products and services provide strong value
for vehicles in the senior and tourism markets, and early
indicators show substantial revenue growth potential by 2Q
2021.
Darnell
Stitts,
ATWEC's President and CEO, stated, "Our hard work and planning to
grow the Company quickly, via key strategic acquisitions, is
finally paying off. The Board has worked hard to complete the
transactions – first purchasing Assembled Products, and now
acquiring SafeBus.
ATWEC will continue to seek out other deals that will maximize our
profit potential, and thereby increase shareholder value in
2021."
ATWEC
Technologies, Inc. (OTC Pink: ATWT) also recently announced a
multi-million-dollar acquisition that will save them approximately
75% on production cost.
The acquisition
could also bring them an additional $1 million in top line sales
and increase their margins by approximately 75% as well.
(based on
2019 sales)
The company being
acquired is Assembled
Products, Inc. Assembled Products is
currently housed in a 33,000-square-foot building in Rogersville,
AL. The company has zero liabilities and hundreds of thousands in
assets. Gross sales in 2019 were approximately $1 million
dollars.
Assembled
Products was founded in 1983 and has worked with major companies,
including Halliburton, the U.S. Air Force, FedEx (NYSE: FDX), and
AutoZone (NYSE: AZO).
Assembled
Products has also designed, manufactured and marketed products,
that make life better for people around the world. Some of
their more popular brands are Mart
Cart, Jotto
Desk,
and Spray
Master Technologies.
"Bringing
the manufacturing of our transportation safety devices in-house
better enables us to respond to the growing market demand for
solutions to keep bus and vehicle passengers safe," said
Darnell Stitts,
President and CEO at ATWEC Technologies. "Acquiring Assembled
Products allows us to keep costs down and scale more quickly. Plus,
by expanding into manufacturing, we can diversify the range of our
offerings."
Following the
acquisition, all aspects of manufacturing and production will now
be controlled by the ATWEC board. ATWEC will also keep all
Assembled Products' full-time employees on staff, including Glen
Stevens who has been with Assembled Products for over 34
years.
"An
exclusive partnership between ATWEC Technologies and the resources
of Assembled Products will fast-track next-generation product
development and bring a long-overdue higher level of safety to the
transportation industry, "said Glen Stevens, Operations Director at
Assembled Products.
This could be the
biggest play in Child and Personal Safety space in a
lonog
time.
See the full
story on
http://www.EmergingGrowth.com
ATWT
may not be at these levels much longer.
See the Press
Release and more on ATWEC Technologies, Inc. (OTC Pink: ATWT) at EmergingGrowth.com
https://emerginggrowth.com/?s=ATWT
About ATWEC
Technologies
ATWEC
Technologies, Inc. is a 40+ year old company in the safety /
sterilization space that could prove to be very valuable at these
levels, and they just announced
the launch of a new sterilization system for buses, commercial
vehicles and other public transportation.
Found in 1979,
ATWEC Technologies, Inc. is a child safety and security technology
company headquartered in Memphis TN.
With a market cap
of only $7 million according to OTC Markets, ATWEC Technologies,
Inc. has developed a unique, highly effective suite of safety
applications under the name trademark Kiddie Voice for the vast,
underserved population looking for and using safety devices related
to children and education.
Children left on
day care and school busses, is a recuring and potentially deadly
situation that occurs across our country every month. In
addition, in a COVID-19 era, viruses on busses provide an even more
dangerous environment not only for our children, but those our
children come home to. ATWEC Technologies, designs,
manufactures and sells products specifically with these issues in
mind.
ATWEC
Technologies, Inc. (OTC: ATWT)'s product suite includes the KV Child
Reminder System, the new KV-X Sterilization System, and the
Commercial Backup System.
Its newest
addition, the KV-X
Sterilization System (KVX) is a new automated,
two-stage sterilization system for school buses, daycare vans, and
other commercial vehicles that kills germs, viruses, and bacteria
in the air and on vehicle surfaces quickly, safely, and
effectively. The KVX utilizes a UVC module to disinfect the air
inside a vehicle. It does this by isolating the UVC light
behind a HEPA (high-efficacy particulate air) filter. The KVX
is programmed to operate after a vehicle is shut down and no
further movement is detected. If movement is detected, the
KVX will stop automatically and can be programmed to
re-start.
ATWEC
Technologies, Inc. (OTC: ATWT)'s current and ever expanding product line
is the KV Child Reminder System available with a choice of
RFID
technology, or key
switch deactivation. This system is designed to
encourage the transportation drivers to actively check their
vehicles for children and seniors who may not have gotten out of
the vehicle. It does this by providing a patented voice
prompt when the vehicle is shut off. The driver must then
walk to the back of the vehicle to reset the system with a
mechanical key (or RFID) within a programmed amount of time or the
system will set off an external siren and, if equipped a strobe
light. This is accomplished with a sophisticated computer
system and proprietary software that includes an anti-copy
subroutine to protect against third party thieves.
Children are left
on school and daycare busses to deal with extreme heat and severe
freezing temperatures monthly in the US. This is a solution to that
problem.
These issues can
be avoided for as little as a few hundred dollars per
bus.
Education
technology expenditure is expected to reach $341B worldwide
by 2025, evidenced by the aggressive acceleration in venture
capital invested through 2019, which reached a
record $8B.
The
Company plans to launch an aggressive sales and marketing campaign
to capitalize on this increased demand, fueled by concerned parents
and administrators.
Have
a look at ATWEC Technologies, Inc.
(OTC: ATWT). There could be some real value
here.
Shareholders and
other investors can find the disclosure related to ATWEC's
acquisition of Assembled Products and moving up to the OTCQB in the
4th
quarter
statements on the OTC Markets website.
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been compensated six thousand dollars by
ATWEC
Technologies, Inc. for distribution of this
content.
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