#AI #Stock News: GBT
(OTCPINK: $GTCH) Sells ECS Prepaid Financial Services to Focus on its Core
Technology
GBT’s Sale of its Prepaid Business Enables Company
to Accelerate its Presence as a Technology Company
Santa Monica, CA - October 7, 2019 (Investorideas.com Newswire) GBT Technologies Inc. (OTCPINK: GTCH) ("GBT", or the "Company"), a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies, including its GopherInsight™ wireless mesh network technology platform for both mobile and fixed solutions, announced that it has concluded a sale of its ECS Prepaid Financial Services business.
GBT
is a technology company that also monetizes buying and selling platforms which
assist in funding and advancing the Company’s core technologies.
The
sale of ECS platform will allow GBT to focus its resources on the technological
and patented and patent-pending technology platform highlighted by its
GopherInsight, gNET Wireless Mesh Network platform and its Avant! AI management
system.
Read this in full
at https://www.investorideas.com/CO/GOPH/news/2019/10071ECSPrepaidFinancialServices.asp
"It
is still our strategic goal to launch our world-class products and software with
a focus on organic growth as well as growth through strategic customer
partnerships and merger and acquisition activity. The sale will allow our human
resources to focus on the license of our core technology to third parties, as
we began with the announced GuardianOrb pet-tracking technology agreement with
our partner Shadalane,” said Douglas Davis, GBT’s Chief Executive Officer.
“Unfortunately, the recent litigation has brought our other customer pilot
projects, M&A activity and discussions with technology partners to a halt,
so we intend to continue to explore various resolutions to continue moving GBT
forward,” continued Mr. Davis.
About GBT Technologies Inc.
GBT
Technologies Inc. (OTC PINK: GTCH) ("Gopher") (http://gopherprotocol.com/) is a
development-stage company which considers itself a native IoT creator,
developing Internet of Things (IoT) and Artificial Intelligence (AI) enabled
mobile technology platforms. Gopher has a portfolio of Intellectual Property
that, when commercialized, will include smart microchips, mobile and security
applications and protocols, and supporting cloud software. Gopher’s system
envisions the creation of a global mesh network. The core of the system will be
its advanced microchip technology that can be installed in any mobile or fixed
device worldwide. Gopher envisions this system as a low-cost, secure, private
mesh network between any enabled devices, providing shared processing, advanced
mobile database management/sharing and enhanced mobile features as an
alternative to traditional carrier services.
About GBT TECHNOLOGIES, S.A.
GBT
Technologies, S.A., a private Costa Rican corporation (GBT -http://gbttechnologies.com/) is a
development-stage company in the business of the strategic management of BPO
(Business Process Outsourcing) digital communications processing for
enterprises and startups; distributed ledger technology development, AI
development and fintech software development and applications.
https://aggregator.genesisexchange.io/ (Beta
Version)
About Surge Holdings, Inc:
Surge
Holdings, Inc. is a retail supply chain company that provides a virtual
distribution hub for retailers, as well as offer telecom services for low
income customers and financial payment services for the unbanked and
under-banked. Surge products are delivered through a nationwide network of
convenience stores and corner markets connected to the recently launched
SurgePays™ Network. This retail platform is designed to transform the
traditional supply chain by providing local retailers seamless access to global
products and to empower the corner store to select, order and fulfill delivery
of wholesale goods from around the country. This platform also provides
manufacturers a cost-effective and efficient platform to access local
retailers. For more information on Surge Holdings and its subsidiaries, please
visit: https://surgeholdings.com.
Forward-Looking
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future events based on certain assumptions and include any statement that does
not directly relate to any historical or current fact. Actual results may
differ materially from those indicated by such forward-looking statements as a
result of various important factors as disclosed in our filings with the
Securities and Exchange Commission located at their website
(http://www.sec.gov). In addition to these factors, actual future performance,
outcomes, and results may differ materially because of more general factors
including (without limitation) general industry and market conditions and
growth rates, economic conditions, governmental and public policy changes, the
Company’s ability to raise capital on acceptable terms, if at all, the
Company’s successful development of its products and the integration into its
existing products and the commercial acceptance of the Company’s products. The
forward-looking statements included in this press release represent the
Company's views as of the date of this press release and these views could
change. However, while the Company may elect to update these forward-looking
statements at some point in the future, the Company specifically disclaims any
obligation to do so. These forward-looking statements should not be relied upon
as representing the Company's views as of any date subsequent to the date of
the press release.
Contact:
GBT Technologies
Inc. (OTCQB:GTCH) is a featured tech stock on
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