Iota Communications Inc. (fka IOTC)

[Quintessence]

Solbright and M2M Spectrum Networks complete merger to create Iota Communications, Inc.

Iota Communications to be the first publicly-traded, pure-play, fully-featured IoT network operating company in the U.S.

https://www.prnewswire.com/news-releases/solbright-and-m2m-spectrum-networks-complete-merger-to-create-iota-communications-inc-300708051.html

NEW HOPE, Pa., Sept. 6, 2018 /PRNewswire/ -- Solbright Group, Inc. (OTCQB: SBRT), an industrial AI, machine learning and energy management company providing Internet of Things (IoT) solutions for commercial and industrial facilities, and M2M Spectrum Networks, LLC, the fast-growing, national, dedicated IoT network access and IoT solutions company, today announced the completion of their merger to create Iota Communications, Inc. (Iota).

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With the merger complete, Iota will receive significant funding capability from M2M over the next 18 months and will seek to change its stock trading symbol to reflect the new name while applying for an up-listing of its shares to a major exchange.

The company also announced today the appointment of Barclay Knapp as Chairman of the Board and Chief Executive Officer and Terrence DeFranco as President and Chief Financial Officer, who will maintain his position on the board of directors.