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Drone Guarder, Inc. (OTC: DRNG) has announced its strategic focus on expanding into the commercial drone industry, leveraging advanced AI technology. The company aims to provide scalable solutions for various sectors, including agriculture, eCommerce, and security. With the agriculture drone market expected to reach $32.4 billion, Drone Guarder plans to manufacture and distribute innovative drone products, enhance operational efficiency, and educate communities on drone technology. The vision includes mergers, acquisitions, and ongoing shareholder communication to ensure transparency and growth.
Drone Guarder (OTC: DRNG) aims to enhance security through advanced drone and AI technology. In a recent shareholder letter, CEO Frank I Igwealor highlighted the company's commitment to innovation amid rising crime rates, citing over 1.1 million burglaries in 2019 with low resolution rates. The drone market is projected to grow from $20.8 billion in 2021 to $501.4 billion by 2028, with a CAGR of 57.5%. The company has secured working capital for product development and plans to engage in partnerships, focusing on community education and transparency with shareholders.
Drone Guarder (OTC: DRNG) has achieved 'Pink Current' status following the completion of its financial reporting. The company is now focusing on designing advanced Unmanned Aerial Vehicle surveillance systems aimed at enhancing security for businesses, schools, and homes. Chairman and CEO Frank Igwealor emphasized the transition marks the start of a new journey, with plans to unveil technological advancements that promise to add shareholder value. The company aims to expand its innovative security solutions and capitalize on emerging market opportunities.
Drone Guarder, Inc. (OTC: DRNG) announced a one-time special dividend of 439,097,990 shares to reward its common and preferred shareholders, with common stockholders receiving 261,175,554 shares and preferred stockholders 177,922,436 shares. This dividend is part of the company's restructuring following its acquisition by Video River Networks. The dividend will be payable on or after September 30, 2021, to those on record by the close of business on August 31, 2021. Video River Networks (OTC: NIHK) will also redistribute its received shares from DRNG to its shareholders.
Video River Networks announced its acquisition of Drone Guarder Inc., focusing on integrating drone and AI technology for home security. The deal involves purchasing 5,500,000 DRNG preferred shares for $20,000, with payments in two tranches. Following the acquisition, Video River will provide an additional $20,000 working capital after DRNG becomes Pink Current. The company has also hired a Northrop Grumman veteran to enhance its Drone and AI division. This strategic move aims to establish a strong foothold in the security industry.
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