NetworkNewsBreaks – Perpetual Industries Inc. (P
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Perpetual Industries (OTC: PRPI), an incubator for the development of innovative, energy-efficient technologies aimed at commercializing products that have the potential to impact and advance a wide range of industries on a global scale, has completed its acquisition of the AutoGrafic Software System. AutoGrafic is a software as a service (SaaS) and social application that uses cutting-edge technology to host a myriad of aspects for automotive promotion and preservation. The software is designed for global collector car and automotive enthusiasts and enables a unique, multifaceted, interactive automotive experience focused on a visual-based social community; the software also provides collection management, social events, auctions, insurance, research, preservation and historical documentation components. As a result of the acquisition, PRPI intends to create a new division focused on AutoGrafic and designed to elevate the platform and bring it to its full potential. Plans for the software include providing a mobile app, loyalty program, tokenization on the blockchain, and a full suite of other multidimensional features. “This acquisition provides another foundational piece in our quickly expanding blockchain division and, in addition to outstanding software, augments our team with some truly exceptional talent,” said Perpetual CEO Brent Bedford in the press release. “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.”
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