Friday 31 July 2020

US technology company ATWEC Technologies, Inc. (OTC: ATWT) has signed a binding letter of intent to add Tennessee-based security company Level Three Security, as a new business division to expand line of child safety and security products, the company said.

Level Three agreed to be acquired for cash and stock. Specific terms of the transaction were not disclosed. The company will immediately acquire substantially all of Level Three's assets and liabilities, while adding new resources to assume the operations of its new security division.