An anonymous director reports
GLOBAL REMOTE TECHNOLOGIES CLOSES MEMBERSHIP INTEREST PURCHASE AGREEMENT
Global Remote Technologies Ltd. has closed the purchase transaction pursuant to the membership interest purchase agreement previously announced on Sept. 28, 2015, among the company, Kane Smith, president and a director of the company, and Global Remote Technologies LLC, formerly known as North American Holdings LLC.
Pursuant to the purchase agreement, Mr. Smith agreed to sell all of his membership interests in Global Remote US to the company in consideration for $1.00. As a result of the purchase transaction, Global Remote US is now a wholly owned subsidiary of the company.
We seek Safe Harbor.
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