Atwec Technologies Inc (ATWT)

[AlarmAlert4Kids]

Memphis, TN, January 25, 2013 (PR Newswire) –
ATWEC Technologies, Inc. (OTC Markets: ATWT), a
leader in the child safety industry, today announced
that it has signed a binding letter of intent to acquire
Safebus Technologies, Inc., a private Wyoming
company specializing in unique safety products for the
K-12 and daycare education markets.

Safebus™, a startup technology company, has
developed a safety solution that manages the
accountability of students on buses and vans.
ATWEC would acquire Safebus Technologies, Inc. as
a wholly-owned subsidiary, through a stock-for-stock
exchange.

The new child safety system would augment
ATWEC’s current Kiddie Systems™ safety product
line, and the new technology would enable ATWEC to
increase its market share immediately. The
companies agreed to terms last week, which were not
disclosed. The Safebus™ product and affiliated
technology is protected under a confidential nondisclosure
agreement.

The K-12 education market in the US consists of
approximately 500,000 active school buses, while the
daycare center market utilizes an additional 200,000
buses and vans. ATWEC believes that the new
technology will enable it to increase market
penetration throughout North America over the next
three to five years.

Alex T. Wiley, President & CEO of ATWEC
Technologies, stated, “ATWEC has been working hard
to expand its product line,
while at the same time,
keeping up with swift changes in technology and
social media. Safebus has developed a unique
solution that makes keeping our children safe even
easier, and we look forward to