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Posted On: 08/12/2021 4:43:54 PM
Post# of 28
NetworkNewsBreaks – Perpetual Industries Inc.’s (PRPI) Recent Acquisitions Tap into Growing Opportunities, Provide Synergistic Benefits
Perpetual Industries (OTC: PRPI), in January 2021, completed the acquisition of Worldwide Group LLC, operating as Worldwide Auctioneers. A few months later, in April, the company took another critical step forward with the acquisition of AutoGrafic Software System. Both acquisitions were aimed at firmly establishing the company’s position in a multibillion-dollar classic car market. The purchase of Worldwide Auctioneers, a U.S.-based boutique auction company specializing in the sale and acquisition of classic vintage motorcars at auctions around the world, was against the backdrop of the significant potential of the U.S. classic car market, expected to grow at a CAGR of more than 7% from 2020 to 2023. AutoGrafic Software System, a software as a service (“SaaS”) and social application that utilizes cutting-edge technology to host many aspects of automotive promotion and preservation, targets global collector car and automotive enthusiasts. A recent article quotes PRPI CEO Brent Bedford as saying, “This acquisition provides another fundamental piece in our quickly expanding blockchain division. . . It will also greatly benefit Worldwide Auctioneers, our newly acquired wholly owned subsidiary, by bringing much-needed new technology and innovation to their customers and the collector car industry at large.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Perpetual Industries (OTC: PRPI), in January 2021, completed the acquisition of Worldwide Group LLC, operating as Worldwide Auctioneers. A few months later, in April, the company took another critical step forward with the acquisition of AutoGrafic Software System. Both acquisitions were aimed at firmly establishing the company’s position in a multibillion-dollar classic car market. The purchase of Worldwide Auctioneers, a U.S.-based boutique auction company specializing in the sale and acquisition of classic vintage motorcars at auctions around the world, was against the backdrop of the significant potential of the U.S. classic car market, expected to grow at a CAGR of more than 7% from 2020 to 2023. AutoGrafic Software System, a software as a service (“SaaS”) and social application that utilizes cutting-edge technology to host many aspects of automotive promotion and preservation, targets global collector car and automotive enthusiasts. A recent article quotes PRPI CEO Brent Bedford as saying, “This acquisition provides another fundamental piece in our quickly expanding blockchain division. . . It will also greatly benefit Worldwide Auctioneers, our newly acquired wholly owned subsidiary, by bringing much-needed new technology and innovation to their customers and the collector car industry at large.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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