Verify Smart Corporation Signs Letter of Intent to Acquire Equity Share in Cbros Technologies' Anti-Texting Solution
13 2월 2018 - 10:23PM
InvestorsHub NewsWire
Verify Smart Corporation Signs Letter
of Intent to Acquire Equity Share in Cbros Technologies’
Anti-Texting Solution for Driving and the Workplace
Environment
Fernley, NV -- February 13, 2018 -- InvestorsHub NewsWire
-- Verify Smart Corporation (VSMR), a Global innovator in financial
fraud prevention and digital and mobile solutions, announced today
that it has signed an LOI with Cbros Technologies to acquire an
equity stake in their Mobile Safe Zones subsidiary for cash and
stock.
The Mobile Safe Zones (MSZ) Patent
Pending System prevents drivers from texting and
keyboard/application use while driving without the ability to “opt
out.” The system is easily installed in less than 10 minutes and
can provide feedback to a monitoring party (e.g. insurance
company). The MSZ device does not have any direct connection
with the vehicle’s mechanics or electronics. Therefore, the
device is usable in any moving vehicle regardless of the
manufacturer.
Verify Smart Corporation will incorporate this solution into its
existing technologies to prevent or limit cell phone use in the
workplace environment depending on user defined levels set by the
employer. The product can also be used in schools, hospitals
and public areas (e.g. crosswalks, train stations).
Lou Pingitore, CEO of Verify Smart, said, “Imagine how many
lives will be saved using the MSZ software. Not to mention
the savings realized in insurance premiums and claims as well as
hospital and doctor expenses. With the incorporation of MSZ
software into Verify Smart’s workplace technologies we expect
employers to see a substantial increase in employee productivity,
customer service, and improved public safety.”
Steve Mahar, Founder/Owner of Cbros Technologies, LLC, said,
“Cbros Technologies is thrilled to partner with Verify Smart to
bring innovative products to market that provide safer travel and
workplace environments by eliminating cell phone induced
distractions.”
ABOUT VERIFY SMART CORPORATION
Verify Smart Corp is an international technology company that
develops and markets innovative solutions for the global digital
market. The company also licenses patented technology for the
prevention of debit/credit card and electronic transaction fraud.
The company is expanding into the growing digital and mobile sector
and will market innovative solutions for Healthcare, Consumer
Brands, Educational Institutions and the Sports and Entertainment
industries.
Contact Info:Verify Smart CorporationInfo@verifysmartcorp.com908-323-2380### MEDIA ONLY CONTACT:Lou PingitoreVerify Smart Corporationlou@verifysmartcorp.com+1-908-323-2380
Verify Smart (PK) (USOTC:VSMR)
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Verify Smart (PK) (USOTC:VSMR)
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