Replies to post #75199 on Atwec Technologies Inc (ATWT)

[TommyBoyTrader9460]

Our final featured member is ATWEC Technologies Inc. ATWEC Technologies manufacturers child alert safety systems for school buses and daycare vehicles. The purpose of the system is to prevent forgotten or abandoned children on school buses by alerting the driver with an audible noise that helps remind them to check the vehicle for remaining children. The systems can be installed on nearly any child transportation vehicle including but not limited to: commercial vans, daycare vehicles and vans, short school buses, long school buses, motor coaches and more. When an equipped vehicle is powered on, the system arms, when the vehicle powers down, the system activates, forcing a manual check for left behind children. Findit will help heighten awareness of this product to businesses that may be interested in a child alert system for their vehicles but not yet know of ATWEC Technologies Inc.

$atwt

[BEIJING BILL]

Merger Transaction Will Bring New Product Lines for School and Daycare Markets
PR Newswire

MEMPHIS, Tenn., Aug. 25, 2020

MEMPHIS, Tenn., Aug. 25, 2020 /PRNewswire/ -- ATWEC Technologies, Inc. (OTCMKTS: 'ATWT'), a US-based technology company specializing in child safety, today announced it has signed a binding Letter of Intent ("LOI") to acquire SafeBus Technologies, Inc., a private US technology company specializing in mobile "in-vehicle" IP wireless security solutions for the Education market.

ATWT signed the LOI on Monday, and the merger is scheduled to go effective in early September, pending final shareholder approvals. SafeBus will become a wholly-owned subsidiary of ATWT, and its shareholders will receive cash and stock in the deal. Specific terms of the transaction were not disclosed, but will be released with the final Agreement and Plan of Merger in September.

SafeBus President and CEO Stuart Barton celebrated the agreement stating, "This merger is a significant step towards our mutual goal of becoming a major corporate player in the child safety industry. Our shareholders welcome the opportunity to join forces with the ATWEC team. By combining resources, it will enable exponential growth in the years ahead."

SafeBus Technologies, a private Wyoming corporation, has developed a suite of unique products and services that allows parents of school age children real-time tracking of both the bus and their child, thus providing invaluable "peace of mind" for parents or guardians.

ATWT now adds these new products and services to its growing offering of child safety and security technology products. The Company will immediately enter the US school bus transportation market, offering the SafeBus Alert™, SafeBus ETA™ and SafeBus LiveVue™ product lines, targeting day care and K-4 elementary schools that transport children to and from school on a daily basis.

Education technology expenditure is expected to reach $341B worldwide by 2025, evidenced by the aggressive acceleration in venture capital invested through 2019, which reached a record $8B. The Company plans to launch an aggressive sales and marketing campaign to capitalize on this increased demand, fueled by concerned parents and administrators.

Darnell Stitts, ATWEC's Director and COO stated, "We have been very vocal about our plan to grow the Company quickly – this year – through mergers, acquisitions, and strategic financing. The Board has worked hard to complete the transactions – first purchasing Level Three Security, and now acquiring SafeBus. ATWEC will continue to seek out other deals that will maximize our profit potential, and thereby increase shareholder value in the months and years ahead."

SafeBus brings years of software development in child safety, real-time tracking, parent notifications, and fleet management services to ATWEC, along with strong partnerships and significant interest in Middle East markets. Expanding services for school buses, daycare vehicles, and even senior living transport will bring diversification to ATWT's ever-growing product offerings in 2020-21 and beyond.

Barton and fellow SafeBus Board member Baldev Saini reflected on the value the acquisition will bring to ATWT. "In these uncertain times the safety of our children and loved ones is of utmost importance. The tools we deliver to these markets enables peace of mind through real-time tracking and viewing. School administrators can access live feeds during transport helping them mitigate any issues or incidents that could – and will - arise in everyday life. Seeing parents relax, and smile, when they see that their child is safe is priceless."

Shareholders and other investors can find the disclosure related to the Company's acquisition of SafeBus Technologies, Inc., adding new technology product lines geared towards protecting children and earning recurring monthly revenues, along with the latest ATWT developments, on the OTC Markets website, as well as the Company's website, www.atwec.com. Information regarding the SafeBus Technologies, Inc. products and services can be found on their website, www.safebustech.com.