Saturday, February 17, 2018 3:21:13 PM
SERBIA
Bsafe technology has been presented to senior government officials who seem interested in potentially legislating the mandatory use of this technology in the country.
In the meantime the Government has made introductions to the top 2 Insurance companies in the country. They are TRIGLAV Insurance Run by Dr. Dragan Markovic and AMS Insurance run by Mr. Dejan Jevtic. Between the 2 companies they provide coverage for 83% of all Fleet, Taxi companies, Buses, and delivery services companies in Serbia. They both have units after testing will follow up in the next 2 to 3 weeks.
BULGARIA
Have recently found a very good consulting agent Mr. Rossen Tzvetkov. Bulgaria is part of the EU and need to comply with the EU regulations for distracted driving. I sent Rossen some units and he is testing now. He feels it is a very good idea and that over time the country will need to comply with these laws. So he is already speaking to some insurance agencies, Fleet companies and the Police to help support the effort. He will get back to me.
My comments are opinions only and not an endorsement to buy, hold or sell any securities.
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