07:13:59 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Global Remote Technologies Ltd
Symbol RGT
Shares Issued 42,061,338
Close 2015-09-18 C$ 0.18
Market Cap C$ 7,571,041
Recent Sedar Documents

Global Remote to acquire Global Remote U.S.

2015-09-28 19:58 ET - News Release

Mr. Chris Dorris reports

GLOBAL REMOTE TECHNOLOGIES ANNOUNCES MEMBERSHIP INTEREST PURCHASE AGREEMENT

Global Remote Technologies Ltd. has entered into a membership interest purchase agreement, pursuant to which the company agreed to purchase from Kane Smith, president and a director of the company, 100 per cent of the ownership interests in Global Remote Technologies LLC (Global Remote U.S.), a limited liability company formed pursuant to the Nevada Revised Statutes in February, 2015, for consideration of $1. On closing of the purchase transaction contemplated by the purchase agreement, Global Remote U.S. will become a wholly owned subsidiary of the company.

About Global Remote U.S.

Global Remote U.S. is in the business of providing services and technologies for the energy sector, including assisting customers with the construction and implementation of pipeline, refinery, power plant and mechanical integrity projects, and offers its products and services to Mexican oil companies. Global Remote U.S.'s scope of services range from project planning and estimating to surveying, development, construction management, safety and quality inspection, start-up, and commissioning, and its team is dedicated to successfully converting conceptual plans to safe operating facilities based on the field engineering, construction management and inspection skills of the field staff.

Chris Dorris, chief executive officer of Global Remote Technologies, commented: "We are very pleased to announce the signing of this agreement. The range of services and technologies offered by this new company complement our existing service and product offerings well. We expect the acquisition will significantly increase our revenue base as well as allow us to move full steam ahead into the Mexican market."

We seek Safe Harbor.

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