WDAS Acquires HNVB to Launch SPACE Computer
04 11월 2014 - 11:18PM
Business Wire
World Assurance Group, Inc.
(www.worldassurancegroup.com) (OTC Pink:WDAS) today announces
that it has acquired Halton Universal Brands (OTCQB:HNVB).
WDAS has acquired 7,095,000 common shares in HNVB for $378,000
in cash funded from existing WDAS resources.
WDAS has also granted HNVB a $2M Space Computer license in
return for an additional 8,000,000 common shares in HNVB and a $100
per unit royalty fee every time a unit is sold. WDAS owns
15,095,000 shares of HNVB’s Common Stock, or approximately 99% of
all of the outstanding shares of HNVB's Common Stock. HNVB will
soon be renamed to more appropriately reflect its Space Computer
business.
HNVB will immediately exploit its license to build radical
wearable technology solutions that will deliver a new reality in
infotainment experience. For further details, please see WDAS’s
Supplemental Report filed through the OTC Markets Disclosure and
News Service accessible at
http://www.otcmarkets.com/stock/WDAS/filings and HNVB’s SEC Form
8-K filed today with the Securities and Exchange Commission.
Mr Fabio Galdi, Chief Executive Officer of WDAS says, “This
acquisition allows us to fully leverage our technology by building
a standalone business in wearable technology that addresses an
exploding global market.
“Our truly revolutionary, innovative and unique SPACE Computer
will be available for customer testing in Dubai on the 5th
December. This brings our SPACE Computer concept to reality as it
will be possible for customers to place pre-orders for SPACE
Computer at the event.”
About World Assurance Group
World Assurance Group, Inc. (WDAS) is a holding company
operating through three wholly owned subsidiaries. WOR(l)D Global
Group Inc., based in Miami, Florida is the group’s research center.
World Global Assets is an intellectual property licensing company
based in Singapore. CellAd (www.cellad.com), based in Dublin,
Ireland, operates in the global mobile advertising industry and has
developed a revolutionary new cloud based advertising platform and
AdKoin app that delivers full screen advertisements every time a
subscriber receives an inbound call or text message in return for a
reward.
This press release contains forward-looking statements. Words
such as “expects”, “intends”, “believes” and similar expressions
reflecting something other than historical fact are intended to
identify forward-looking statements, but are not the exclusive
means of identifying such statements. These forward-looking
statements involve a number of risks and uncertainties, including
the timely development and market acceptance of products and
technologies, the ability to secure additional sources of finance,
the ability to reduce operating expenses, and other factors
described in the Company's filings with the OTC Markets Group. The
actual results that the Company achieves may differ materially from
any forward-looking statement due to such risks and uncertainties.
The Company undertakes no obligation to revise or update any
forward-looking statements in order to reflect events or
circumstances that may arise after the date of this release.
Investor Relations:World Assurance
Group, Inc.Sean McVeigh,
855-467-6500info@worldassurancegroup.com
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