TWITTER FEED(VERY ACTIVE!) https://mobile.twitter.com/redcatpropware?lang=en Red Cat Announces Reverse Merger with TimeFireVR Stock continues to be listed on OTC markets as “TFVR” Santurce, Puerto Rico - May 16, 2019 - Red Cat, Inc. (“Red Cat”) a leading provider of distributed data storage, analytics and services for the drone industry, today announced thesuccessful completion of a reverse merger with TimeFireVR, d/b/a TeraForge. “With the commercial drone industry growing at 170 percent annually, and the FAA recentlygranting airline status to Google Wing's drone fleet for deliveries, we believe Red Cat is wellpositioned to help transform this rapidly evolving ecosystem,” said Jeff Thompson, Red CatCEO. “We expect to see an increase in FAA approvals for other large companies and believethat Red Cat can play a pivotal role with large drone fleets for privacy, insurance, and regulatorycompliance as a trusted third party utilizing blockchain technology. With access to the publicmarkets, our focus will be on rapid growth through acquisitions and continued development ofour SaaS platform and to better utilize the hash power of the mining rigs we now own andoperate.” Red Cat was founded in March 2016 to address a growing need in the rapidly evolving droneecosystem for a simple and secure data storage and analytics solution. Red Cat developed theindustry’s first black box drone flight recorder and distributed system with security andencryption that regulators and insurance companies can trust. The company also providesBlockchain-Based Distributed Storage where stored data (GPS maps and logs; video andphotos; telemetry logs) is secured and encrypted, enabling compliant operations and privacy forpilots data. In April, 2019, Red Cat became a founding member of the First Person View (FPV) FreedomCoalition after the coalition’s official launch as a 501(c)(3) organization. As part of the coalition,Red Cat will continue advocating for airspace for recreational drone pilots and FPV operators,provide safety and education guidelines compliant with the FAA (Federal AviationAdministration), and integrate the FPV community into the regulatory framework as an FAAcommunity-based organization (CBO). Red Cat was acquired by TimeFireVR, Inc. (OTC:TFVR), which will continue business through its new subsidiary, Red Cat, under a new management team headed by Red Cat founder andCEO, Jeff Thompson. The company’s shares currently trade on the OTC Markets under the symbol TFVR. The company intends to file necessary applications to change the stock symbolto RCAT and name to Red Cat Propware, Inc About Red Cat- Red Cat is a leading provider of secure blockchain-based distributed storage, analytics and SaaS for the drone industry. Through its innovative products and leadership, Red Cat provides solutions for regulators to track and review flight data, insurance companies to insure drones,and pilots to become compliant with regulations. Red Cat’s success is driven by a commitment to deliver unrivaled innovation that makes drones trackable, accountable and the sky a saferplace. Red Cat is headquartered in San Juan, Puerto Rico. For more information, visitwww.redcatpropware.com.
Interview with Jeff Thompson about Redcat https://www.youtube.com/watch?v=1DqxHwf_M_c Bardwell views on why supporting RedCat an Thompson is important for Hobby Flyers to protect your future ability to fly your drone! https://www.youtube.com/watch?v=C8LH5OTSzNM Link to SEC Filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000748268&owner=exclude&count=40&hidefilings=0
VIDEO INTERVIEW WITH JEFF THOMPSON ON REDCAT AND THE FOLLOW UP BY MR. BARDWELL(DRONE YOUTUBER)! VERY VERY GOOD! DEFINATELY LAYS OUT EVERYTHING ABOUT REDCAT AND WHAT THEY DO AND WHAT THEY ARE INVOLVED IN AS WELL IS WHY THIS IS AN AMAZING COMPANY HAVING AN AMAZING FUTURE!
Section 7 - Regulation FD
LETTER OF INTENT ROTOR RIOT
JUNE 4TH, 2019
| ||Item 7.01 ||Regulation FD Disclosure |
On June 4, 2019, we released the press release furnished herewith as Exhibit 99.2.
SECTION 8 – OTHER EVENTS
On June 4, 2019, we executed a Letter of Intent with Rotor Riot, LLC (the “LOI”), a copy of which is furnished herewith as Exhibit 99.1. The LOI, which is non-binding, sets forth the terms for our contemplated acquisition of Rotor Riot, a drone technology and media company. Any acquisition of Rotor Riot will be subject to the completion of due diligence, the negotiation of a definitive agreement, and other conditions.