Wednesday, January 22, 2020 6:41:47 PM
Investment in CogoSense Technology, Inc. On August 17,2017 the Company entered into a non-binding Letter of Intent to purchase 100% of CogoSense Technology, Inc., a Canadian company, for total consideration of $ 2.6 million. CogoSense has developed and is selling its FleetSafer App–an enterprise software solution for smart phones and tablets that detects the driving state of an entire on-the-road vehicle fleet and automatically places those devices into “safe mode” while driving occurs, to prevent distractions. CogoSense has also developed an individual consumer version called bSafeMobile and the bFoundMobileApp which is a fleet vehicle tracking system to monitor vehicle locations at any time. At October 31, 2019 the Company had invested a total of $ 1,475,000 towards the overall purchase price, which consideration includes the IP, technology assets, revenue stream and customer base of CogoSense.
https://backend.otcmarkets.com/otcapi/company/financial-report/238627/content
https://fleetsafer.com/
https://bsafemobile.com/
It's My Humble Opinion. No more, no less....Rock on.
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