Poverty Dignified, Inc., Closes Transaction with Safer Place Technologies LLC

Rhea-AI Summary

Poverty Dignified, Inc. (OTC PINK: PVDG) has finalized its acquisition of Safer Place Technologies, as previously announced on October 26, 2020. This follows the acquisition of Virexit Technologies in July, enhancing the company’s strength in protective products and services.

The new Safer Place Market Hub will serve as an online marketplace for protective solutions, responding to COVID-19 and future health threats. The platform aims for a launch in early 2021 and seeks to aggregate innovative technologies to create safer environments across various sectors.

Positive

• Finalized acquisition of Safer Place Technologies enhances product offerings.
• Launch of Safer Place Market Hub in early 2021 targets COVID-19 solutions.
• Aggregation of innovative technologies to provide customizable safety solutions.

Negative

• No immediate revenue generation indicated before Q1 2021.
• Pending unaudited financials and audit may raise investor concerns about transparency.

KENNEWICK, WA / ACCESSWIRE / November 18, 2020 / Poverty Dignified, Inc., (OTC PINK:PVDG) is pleased to announce that it has officially consummated the closing in regards to the previously announced (Oct. 26, 2020) Letter of Intent with Safer Place Technologies™, LLC. This follows July's acquisition of Virexit Technologies, adding strength with products and personnel to what is currently known as Poverty Dignified, Inc.

Safer Place Technologies™ (www.SaferPlaceTech.com) will offer path forward solutions for these uncertain times with the creation of a primary sales and marketing platform in the form of a vertical on-line marketplace. The Safer Place Market Hub will provide a single source for buyers and sellers of protective products and services, utilizing the Mission Statement of Virexit - "Making the World a Safer Place with Innovative and Effective Technologies."

This platform will facilitate national and international distribution partnerships which are addressing this pandemic in the fight against COVID-19 as well as impending future threats from other contagions that have yet to surface.

Safer Place Technologies™ understands the flight to safety, and has identified state-of-the-art technologies that can be combined, in various configurations, to create safer business locations, public location environments, as well as safer households. The technologies and products may be combined to offer a personalized, effective solution for a multitude of businesses, homes, and public locations such as schools, places of worship, restaurants, sports venues, as well as private and public transportation. The purpose of this single source, customizable approach, is to provide small businesses as well as stadium-sized facilities with effective solutions to the challenges they face in providing a safer environment.

Safer Place Market™ is currently being developed by industry experts in health, marketing, and sales. We anticipate the marketplace to be live early in the first quarter of 2021. The initial landing page may be viewed at www.SaferPlaceTech.com.

Our internal mission is to screen, vet, and then aggregate stellar technologies and to provide the consumer with a convenient one-stop shop. We want to represent the best of breed products within each category. Vertical channels will include the following:

• Places of Worship
• Educational Institutions
• Transportation
• Restaurants and Hospitality
• Retail Outlets
• Commercial Buildings/Offices
• Organizations, Associations, and Affinity Groups
• Health Clubs
• Trade Shows and Events
• Concerts and Sports Venues

Patrick Netter will be spearheading our advertising and public relations strategy. "This once in a century "lemon" has provided us with the potential for providing global lemonade. The team we are building is suited to successfully accomplish this project. In other news, I am pleased to announce that Virexit received its registered Trademark approval in September, 2020".

Peter Thusat, Managing Director of New Product and Service Vetting, stated "Safer Place Technologies™ will offer multiple solutions within multiple market channels which can create great synergy and value with a fast ramp-up. The foundation is now complete. I anticipate quick penetration in various vertical markets with revenue commencing in the first quarter of 2021."

James C. Katzaroff, CEO added, "I anticipate, in rapid order, the addition of our unaudited financials and current corporate information to be posted on the OTC Markets website, which will alleviate the dreaded stop sign and provide further transparency. When the unaudited financials are completed, we will immediately commence the audit and I expect that we should have the completed audit over the next few months."

CONTACT:

James C. Katzaroff, CEO
Phone: 509.491.0701
Email: jkatzaroff@katmoi.com

SOURCE: Poverty Dignified, Inc.

View source version on accesswire.com:
https://www.accesswire.com/617192/Poverty-Dignified-Inc-Closes-Transaction-with-Safer-Place-Technologies-LLC

FAQ

What is the recent acquisition by Poverty Dignified, Inc.?

Poverty Dignified, Inc. has acquired Safer Place Technologies, enhancing its portfolio in protective products.

When will the Safer Place Market Hub be launched?

The Safer Place Market Hub is anticipated to be live in early Q1 2021.

What is the focus of the Safer Place Market Hub?

The hub will focus on providing a marketplace for protective products and services addressing COVID-19 and other health threats.

What impact does the acquisition have on PVDG's market position?

The acquisition strengthens PVDG's product offerings and expands market reach in safety technologies.

When can investors expect the financials from Poverty Dignified, Inc.?

Unaudited financials are expected soon, with a complete audit likely in the following months.