Friday, March 10, 2017 6:03:38 PM
https://marketexclusive.com/lifeloc-technologies-inc-otcmktslctc-files-an-8-k-completion-of-acquisition-or-disposition-of-assets/81280/
On March 8, 2017, Lifeloc Technologies, Inc., a Colorado
corporation (the “Company”), entered into an Asset Purchase
Agreement (the “Asset Purchase Agreement”) with Track Group
Inc., a Delaware corporation, and its wholly owned subsidiary
Integrated Monitoring Systems, LLC, a Colorado limited liability
company. to the terms and conditions of the Asset Purchase
Agreement, the Company acquired certain assets comprised of: (1)
handheld hardware device technology (the “Device”), designed to
measure breath alcohol content of the user; and (2) software
technology called RADAR Reporting Center designed to allow the
Device to be configured and to capture and manage the data being
returned from the Device (together with the Device, the “RADAR
Assets”). The purchase price under the Asset Purchase Agreement
was $860,000.
I'll do a little digging into these companies and this product and see what I can come up with.
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