Poly Shield Technologies sells New World Technologies Group

Poly Shield Technologies Inc. (OTCBB: SHPR) said it has entered into a divestiture and share purchase agreement with New World Technologies Group, Inc. and Octavio Viveros.

Under the agreement, Poly Shield sold to Viveros all of the issued and outstanding shares of NWT in exchange for a royalty on five percent of NWT´s gross revenues, expiring on December 31, 2018. NWT may buy out the royalty at any time for USD1,000,000 without credit for amounts previously paid under the royalty.

Poly Shield Technologies Inc. develops and markets environmental, pollution emissions, energy saving, corrosion and durability solutions to a worldwide market.The company´s website is at www.Polyshieldtechnologies.com

0saves
If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Comments are closed.

Powered by WordPress