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Alias Born | 07/17/2014 |
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Thursday, December 01, 2022 11:12:50 AM
On September 28th, 2022, the Company purchased majority interest in the publicly traded entity Profitable Developments, Inc. (PDI). PDI is a Nevada based company and trades on OTC Markets under the ticker PRDL. Profitable Developments, Inc. operated as a property development company. It was involved in the acquisition of financially distressed properties; the short and long-term rental of properties; and the development of commercial property upon land, which was sold due to financial distress. The company was formerly known as Stratton Holdings, Inc. and changed its name to Profitable Developments, Inc. in December 2012. Profitable Developments, Inc. was founded in 1998 and was headquartered in Market Bosworth, the United Kingdom.
CIE plans to change its name to Intelligent Surface Systems Corp. (ISSC). ISSC will merge into the public entity PDI and become one publicly trading entity called 'Intelligent Surface Systems Corp.'
The Company have established a relationship with the owner of 22 patents in 32 countries of sensors that are placed in, on or near the road. The Company is in process to create a subsidiary with NPI Mobile, LLC, the owner of the patents. NPI Mobile, LLC is ready to initiate the certifications of the intelligent road pavement marker (iRPM) road sensors, once the Proof of Concept is funded.
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