MEMPHIS, Tenn., Sept. 29, 2016 (GLOBE NEWSWIRE) -- ATWEC Technologies, Inc. (OTC Markets:ATWT), a US-based child safety company, today announced that it has restructured its current management team and refocused its business model, while beginning the process to attain ‘current information’ disclosure status on the OTC Markets.
The Company has engaged a financial audit firm to complete its corporate financial statements for the 2015 and 2016 fiscal years, and intends to become compliant and thus ‘transparent’ by December 31. The Company and its Board of Directors, led by CEO Alex Wiley, have overcome several manufacturing, personnel, and cash flow issues to position the Company for robust growth in 2017 and beyond.
ATWEC is currently seeking to expand by filling the positions of Chief Financial Officer and Executive Director of Corporate Finance , prior to year-end. Management strongly believes in the value these financial professionals will have for the Company, as it increases sales volume and seeks to raise investment through the capital markets in 2017.
Additionally, ATWT has updated its business plan by expanding its unique Kiddie Systems™ product line, introducing a breakthrough cloud-based child safety app, designed to protect the transporting of school children. While it will continue to manufacture its patented child safety reminder systems, ATWT will now also provide schools and parents with real-time notifications, giving key information, alerts and detailed reports on students, buses and drivers.
The Company feels that its new system, with Internet-based platform, and vital information delivered real-time to parents and guardians, will offer a unique synergy with its current technology, efficiently managing the flow of children to and from school, and drive an industry that could grow exponentially over the next five years, into the hundreds of millions of dollars.
Shareholders can visit the Company’s website 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.
You are cautioned that such "Forward-looking Statements" are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected, including the risks that actual results may differ materially from those projected, as a result of various factors, and other risks identified in the Company’s disclosure information.
About ATWEC Technologies, Inc.:
ATWEC Technologies, Inc. is a child safety and security technologies company, headquartered in Memphis, TN. It has developed unique child safety devices which protect children being transported to schools, homes, events and other locations. 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 protection 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. Alex Wiley, CEO admin@atwec.com 901-324-7089
