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Shell Summary for Aug. 7, 2019

2019-08-07 20:49 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange closed up 2.64 points to 597.33 Wednesday. Emprise Capital Corp.'s second capital pool shell, ECC Ventures 1 Corp. (EONE: halted), plans to acquire an Israeli tech firm called A2Z Advanced Solutions Ltd. for the shell's qualifying transaction. The shell will roll back 1 for 1.4, leaving it with 4,035,714 shares issued, then issue 41,587,238 shares to its target's shareholders.

A2Z Advanced Solutions is a robotics company. It sells remote-controlled robots and unmanned vehicles that are designed for functions including extinguishing fires and defusing bombs. The company's products also include a portable electrical power generator. A2Z boasts of having sold its products to customers such as the Israel Defence Forces, the Israel Police, Israel's Ministry of Defence, Israel Railways Corp. Ltd. and Israel Electric Corp. In the full year 2018, A2Z earned $41,000 (U.S.) on revenue of $1.32-million (U.S.). In the first quarter of 2019, it already earned $42,000 (U.S.) on revenue of $423,000 (U.S.).

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