to go with my post take a look at this from the 10
Post# of 40991
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Posted On: 07/12/2019 12:19:04 PM
to go with my post take a look at this from the 10q
On November 4, 2016 the Company acquired a 49% equity/ownership stake in Family Mobil Safety (“FMS”) Marketing, the
distributor of a safe driving App. Under terms of the deal, FMS and their global distribution network of the drive safe app remains
fully operational and continues as a standalone brand following the close of the acquisition. The FMS safe driving app is intended to
do a number of things to keep attention on the road while you're driving and not on your smart phone. As soon as the FMS app detects
that the vehicles wheels are in motion the App will be programmed to automatically shut down all voice and social media for safe,
distraction-free driving. On December 9, 2016 the Company acquired a Forty-Nine Percent (49%) Joint-Venture equity/ownership
stake in Digital Media Management & Consulting (“DMCC”) a fast-rising digital signage privately-held company headquartered in
New York, NY. The DMCC platform supports advanced implementation of electronic sell-through and content advertising supported
networks. On September 1, 2017 the Company acquired, from the Company’s CEO, the remaining 51% share of the FMS Safe
Driving App. business and IP. The acquisition price was $2 million, payable in cash, convertible promissory note and/or in stock.
The cash portion is expected to be financed against the Company’s accounts receivable.
source
https://backend.otcmarkets.com/otcapi/company...77/content
On November 4, 2016 the Company acquired a 49% equity/ownership stake in Family Mobil Safety (“FMS”) Marketing, the
distributor of a safe driving App. Under terms of the deal, FMS and their global distribution network of the drive safe app remains
fully operational and continues as a standalone brand following the close of the acquisition. The FMS safe driving app is intended to
do a number of things to keep attention on the road while you're driving and not on your smart phone. As soon as the FMS app detects
that the vehicles wheels are in motion the App will be programmed to automatically shut down all voice and social media for safe,
distraction-free driving. On December 9, 2016 the Company acquired a Forty-Nine Percent (49%) Joint-Venture equity/ownership
stake in Digital Media Management & Consulting (“DMCC”) a fast-rising digital signage privately-held company headquartered in
New York, NY. The DMCC platform supports advanced implementation of electronic sell-through and content advertising supported
networks. On September 1, 2017 the Company acquired, from the Company’s CEO, the remaining 51% share of the FMS Safe
Driving App. business and IP. The acquisition price was $2 million, payable in cash, convertible promissory note and/or in stock.
The cash portion is expected to be financed against the Company’s accounts receivable.
source
https://backend.otcmarkets.com/otcapi/company...77/content
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