Reverse Mergers & Low Float Plays

[sweet crude]

$MLRT - merger news just out!

LOS ANGELES, Jan. 11, 2023 (GLOBE NEWSWIRE) -- MetAlert, Inc. (OTC: MLRT), a pioneer in location sensitive health monitoring devices and wearable technology products for remote patient monitoring, has signed a Heads of Terms with Florida-based TrakTec LLC to acquire the location awareness technology company for $4.5 million in a cash and stock deal.

TrakTec makes and sells affordable, scalable location awareness technology solutions for consumer, enterprise, and government applications. TrakTec operates iGPS Watches and SafetyNet® Tracking Systems that offer a range of enhanced monitoring services. The iGPS products include the Wizard GPS Tracking Watch Phone, designed for children, and the Phoenix watch, a GPS-based smart wearable for seniors. The SafetyNet Bracelet is a radio-frequency identification (RFID) and Bluetooth-based tracking technology, supported through federal grants and utilized by police departments across the country, enabling police search and rescue for wandering seniors. TrakTec has commercially launched its products and has successfully built a consumer and enterprise subscriber base.

https://finance.yahoo.com/news/metalert-traktec-agree-heads-terms-131100917.html