ATWEC
Technologies (OTC Pink: ATWT)
Acquires
Manufacturer in $2.6 Million Deal
Miami,
FL-- InvestorsHub
NewsWire
– November
11, 2020 –
EmergingGrowth.com, a leading independent small cap media portal
with an extensive history of providing unparalleled content for the
Emerging Growth markets and companies, reports on
ATWEC
Technologies, Inc. (OTC Pink:
ATWT).
-
Acquires
Manufacturer –
Acquires
Assembled Products, Inc. in $2.6 million cash / equity
deal
-
$1 Million
in Sales –
Gross 2019 sales
of Assembled Products was approximately $1 million
-
Increased
Margins –
Acquisition
increases margin / decreases expenses by 75%;
ATWT
may not be at these levels much longer.
See the Press
Release and more on ATWEC Technologies,
Inc. (OTC
Pink: ATWT) at
EmergingGrowth.com
https://emerginggrowth.com/?s=ATWT
ATWEC
Technologies, Inc. is a 40+ year old company in
the safety / sterilization space that could prove to be very
valuable at these levels, and they just
announced
a multi-million-dollar acquisition that will save them
approximately 75% on production cost.
The
acquisition could also bring them an additional
$1 million in top line sales and increase their margins by
approximately 75% as well. (based on
2019 sales)
The company being
acquired is Assembled
Products, Inc. Assembled Products is
currently housed in a 33,000-square-foot building in Rogersville,
AL. The company has zero liabilities and hundreds of thousands in
assets. Gross sales in 2019 were approximately $1 million
dollars.
Assembled
Products was founded in 1983 and has worked with major
companies, including Halliburton, the U.S. Air Force, FedEx (NYSE:
FDX), and AutoZone (NYSE: AZO).
Assembled
Products has also designed, manufactured and
marketed products, that make life better for people around the
world. Some of their more popular brands are Mart
Cart, Jotto
Desk,
and Spray
Master Technologies.
"Bringing
the manufacturing of our transportation safety devices in-house
better enables us to respond to the growing market demand for
solutions to keep bus and vehicle passengers safe," said
Darnell Stitts,
President and CEO at ATWEC Technologies. "Acquiring Assembled
Products allows us to keep costs down and scale more quickly. Plus,
by expanding into manufacturing, we can diversify the range of our
offerings."
Following the
acquisition, all aspects of manufacturing and production will now
be controlled by the ATWEC board. ATWEC will also keep all
Assembled Products' full-time employees on staff, including Glen
Stevens who has been with Assembled Products for over 34
years.
"An
exclusive partnership between ATWEC Technologies and the resources
of Assembled Products will fast-track next-generation product
development and bring a long-overdue higher level of safety to the
transportation industry, "said Glen Stevens, Operations Director at
Assembled Products.
This could be the
biggest play in Child and Personal
Safety space in a lonog time.
See the full
story on
http://www.EmergingGrowth.com
ATWT
may not be at these levels much longer.
See the Press
Release and more on ATWEC Technologies, Inc. (OTC Pink: ATWT) at EmergingGrowth.com
https://emerginggrowth.com/?s=ATWT
About ATWEC
Technologies
ATWEC
Technologies, Inc. is a 40+ year old company in the
safety / sterilization space that could prove to be very valuable
at these levels, and they just announced
the launch of a new sterilization system for buses, commercial
vehicles and other public transportation.
Found in 1979,
ATWEC Technologies, Inc. is a child safety and security technology
company headquartered in Memphis TN.
With a market cap
of only $7 million according to OTC Markets, ATWEC Technologies,
Inc. has developed a unique, highly effective suite of safety
applications under the name trademark Kiddie Voice for the vast,
underserved population looking for and using safety devices related
to children and education.
Children left on
day care and school busses, is a recuring and potentially deadly
situation that occurs across our country every month. In
addition, in a COVID-19 era, viruses on busses provide an even more
dangerous environment not only for our children, but those our
children come home to. ATWEC Technologies, designs,
manufactures and sells products specifically with these issues in
mind.
ATWEC
Technologies, Inc. (OTC: ATWT)'s product suite includes the KV Child
Reminder System, the new KV-X Sterilization System, and the
Commercial Backup System.
Its newest
addition, the KV-X
Sterilization System (KVX) is a new automated,
two-stage sterilization system for school buses, daycare vans, and
other commercial vehicles that kills germs, viruses, and bacteria
in the air and on vehicle surfaces quickly, safely, and
effectively. The KVX utilizes a UVC module to disinfect the air
inside a vehicle. It does this by isolating the UVC light
behind a HEPA (high-efficacy particulate air) filter. The KVX
is programmed to operate after a vehicle is shut down and no
further movement is detected. If movement is detected, the
KVX will stop automatically and can be programmed to
re-start.
ATWEC
Technologies, Inc. (OTC: ATWT)'s current and ever expanding product line
is the KV Child Reminder System available with a choice of
RFID
technology, or key
switch deactivation. This system is designed to
encourage the transportation drivers to actively check their
vehicles for children and seniors who may not have gotten out of
the vehicle. It does this by providing a patented voice
prompt when the vehicle is shut off. The driver must then walk
to the back of the vehicle to reset the system with a mechanical
key (or RFID) within a programmed amount of time or the system will
set off an external siren and, if equipped a strobe light.
This is accomplished with a sophisticated computer system and
proprietary software that includes an anti-copy subroutine to
protect against third party thieves.
Children are left
on school and daycare busses to deal with extreme heat and severe
freezing temperatures monthly in the US. This is a solution to that
problem.
These issues can
be avoided for as little as a few hundred dollars per
bus.
Education
technology expenditure is expected to reach $341B worldwide
by 2025, evidenced by the aggressive acceleration in venture
capital invested through 2019, which reached a
record $8B.
The
Company plans to launch an aggressive sales and marketing campaign
to capitalize on this increased demand, fueled by concerned parents
and administrators.
Have
a look at ATWEC Technologies, Inc.
(OTC: ATWT). There could be some real value
here.
Shareholders and
other investors can find the disclosure related to ATWEC's
acquisition of Assembled Products and moving up to the OTCQB in the
4th
quarter
statements on the OTC Markets website.
Other
Companies in the news and featured on
EmergingGrowth.com
Tesoro
Enterprises, Inc.
The cat was out
of the bag for Tesoro Enterprises (OTC Pink: TSNP) on November
6th
when it announced
that it was a party to a binding
purchase and sale agreement. The purchase and sale agreement
between
two current shareholders.
Should the Purchase and Sale Agreement be closed, as contemplated,
by the shareholders, the Company has agreed to make certain
structural and organizational changes.
As
of the most recent quarterly filing, the company had 140,000 in
assets and 569,000 in liabilities including about $29,500 in
convertible debentures. We've all seen a lot worse on a
balance sheet. Current market cap is $5 million according to
OTC Markets. If the deal goes through, there will probably be
plenty of upside. Limiting exposure prior to that could the
key to safety.
Have a look
at ATWEC
Technologies, Inc. (OTC PINK: ATWT).
Speaking of safety, this company just acquired its manufacturer in
a $2.6 million deal.
Patient
Access Solutions,
Inc.
Shares of
Patient Access
Solutions,
Inc. (OTCQB: PASO) are just .002 away from a key
pivot on
September 25, 2020. $.015 is the floor, and PASO has lost 90%
of its value since June getting to this point. The company issued a
letter on October 27th
stating that
their corporate restructuring plan is moving along as hoped. The
stock is down 50% since then.
As of its last
quarterly report, assets overpowered liabilities by 3:1 and 6-month
top line yielded approximately $300,000. Again, we've seen
worse companies with a $20 million market cap. This major
pivot could be make or break for the common
shareholders though.
Have a look
at ATWEC
Technologies, Inc. (OTC PINK: ATWT).
The company has a $6 million market and just acquired $1mm in
sales, a 75% reduction in costs, which came with zero
debt.
Optec
International, Inc.
Optec
International Inc.'s (OTC
Pink: OPTI) shares
have been crashing since it announced the
securing
of
an agreement for the supply of brand specific personal protection
equipment (PPE) products for a large international commodities
consortium in excess of $2 billion dollars US
on
November 5th.
The stock gave back 50% of its gains and volume is disappearing as
it passed through the
100 moving
average.
Have a look
at ATWEC
Technologies, Inc. (OTC PINK: ATWT). The stock seems to
have formed a base here and after the announcement of this
acquisition, the stock could make an about face move. If it
does you won't want to miss it.
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Technologies, Inc. through the date this was
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