$ATWT The Company held a Board of Directors meeting on July 27, where the directors discussed the Company's 2020 growth strategy, and unanimously approved the Level Three Security acquisition. The Company will immediately acquire substantially all of Level Three's assets and liabilities, while adding new resources to assume the operations of its new security division. Specific terms of the transaction were not disclosed.

Alex Wiley, ATWEC's President and CEO, said, "At a total projected cost of more than $1M, this acquisition is significant to our near-term financial outlook and our growth strategy. It is one of several transactions that the Board has been working on since early January, and represents the first step in our comprehensive growth by acquisition plan." The Board likewise approved the acquisitions plan of offering the target companies cash and restricted stock, facilitated through a new liabilities funding program, scheduled to commence during 3Q 2020.

https://www.barrons.com/press-release/atwec-t...mp;tesla=y