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Wikisoft Corp. (OTCQB:WSFT) has signed a binding Letter of Intent to acquire a 51% stake in Quality International Co Ltd FCZ, a UAE-based manufacturer in the Oil and Gas sector, valued at $300 million. This transaction, involving cash and convertible shares, aims to expand operations in North America and Europe while leveraging Quality International’s extensive client base and manufacturing capabilities. The company forecasts exceeding $100 million in revenue for 2022, with $75 million in current orders and an additional $230 million confirmed. The acquisition marks a significant step for Wikisoft towards building a conglomerate.
Wikisoft Corp. (OTCQB:WSFT) announced a corporate name change to Quality Industrial Corp. as part of a merger with its subsidiary. This change is in line with recent strategic realignments following its acquisition by Emergency Response Technologies, a subsidiary of ILUS International, completed on June 2, 2022. The merger will be submitted to FINRA and will take effect after the market effective date is confirmed. These changes aim to better reflect the company's operational strategy.
Wikisoft Corp. (OTCQB:WSFT) has filed a POSAM to deregister remaining shares from its Registration Statement, first filed on July 30, 2021. This move aligns with upcoming changes in the company's name, ticker, and operations following its acquisition by Emergency Response Technologies. The decision aims to serve the public interest and protect investors. Regular updates on operational progress will be shared via social media and press releases. For more information, visit wikisoft.com.
Wikisoft Corp. (OTCQB:WSFT) is in the process of a name and ticker change following its acquisition by Emergency Response Technologies, a subsidiary of ILUS International. This reorganization aims to enhance operations and drive growth, thereby adding shareholder value. The company plans to improve its visibility on social media and will provide regular updates on its progress. Shareholders are encouraged to follow the company on its official Twitter and website for the latest information.
Wikisoft Corp. (OTCQB:WSFT) announced its acquisition by Emergency Response Technologies, leading to a complete overhaul of its Board of Directors and Executive Officers. This transformation aims to explore new growth opportunities and initiate a business reorganization. The company plans to implement immediate changes to enhance shareholder value and is preparing for a name and ticker change. Furthermore, WSFT will increase its social media engagement to keep stakeholders updated on developments.
Wikisoft Corp. (WSFT) announced the conversion of $300,041 of debt into a 51% interest in Etheralabs LLC. This strategic move involves a Debt Conversion Agreement with former officer Rasmus Refer, who canceled the outstanding loans in exchange for the equity stake. The company anticipates announcing new growth opportunities that will enhance shareholder value. The release includes forward-looking statements that highlight risks and uncertainties regarding future business performance.
Wikisoft Corp. (OTCQB:WSFT) announced awareness of promotional activities impacting its stock. Notified on May 5, 2022, by OTC Markets, the company discovered a marketing campaign encouraging WSFT share purchases. ACN LLC compensated $15,000 for a three-day campaign, which included misleading claims about stock performance. Wikisoft clarified that neither management nor significant shareholders were involved in these promotions. The company urged investors to rely solely on official press releases and SEC filings for accurate information.
Wikisoft Corp. (OTCQB:WSFT) announced its acquisition of 51% of Etheralabs LLC, enhancing its capabilities in the Blockchain sector. This strategic move aims to combine Wikisoft's extensive data on startups, funds, and investors with Etheralabs' expertise in Blockchain technology. The upcoming Wikifunding platform will enable secure and automated connections between startups and investors, potentially revolutionizing the funding process. The partnership highlights the transformative potential of Blockchain in financial services, with predictions suggesting that 10% of global GDP could be stored on these platforms by 2025.
Wikisoft Corp. (OTCQB:WSFT) has announced a definitive agreement to acquire a 51% stake in Ethalabs LLC, a New York City venture lab focused on blockchain technologies. The acquisition will be financed through equity, ensuring financial flexibility for Wikisoft. This deal grants Wikisoft global access to Etheralabs' technologies and aims to enhance its upcoming Wikifunding platform, connecting startups with investors. The company anticipates that the transaction will be accretive to earnings over the next two years.
Wikisoft Corp. (OTCQB:WSFT) has announced a non-binding letter of intent to acquire a majority stake in Etherealabs LLC, a New York-based venture lab specializing in disruptive blockchain technologies. The acquisition aims to enhance Wikisoft’s platform strategy and global reach by leveraging Etheralabs' technological capabilities. Wikisoft plans to finance the acquisition through equity, ensuring financial flexibility. Both companies foresee growth opportunities through their combined resources, with expected earnings accretion post-acquisition.
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