Cheyenne, Wyoming, Feb 26, 2018: Argus Worldwide Corp, (www.argusworldwide.com) reported today that it is in talks with India based Tejovat Technologies Pvt. Ltd. (www.tejovat.com) to acquire a stake in Tejovat under its Digital/Internet Division. Tejovat designs, develops and markets innovative digital electronics products for domestic, commercial and industrial use in global markets.
A spokesperson for Argus Worldwide explains, “We are in the initial stages of negotiations and should have an Memorandum of Understanding in place within 2-3 weeks. We see this move as both a synergistic and strategic opportunity for our Company not only to enter the multibillion dollar global market for digital electronics products, but equally important, it will give us a footprint in the value added Asian marketplace with an operation in India. Tejovat will add capability and capacity to support our ongoing development activities at Argus’ Cyber Junky unit as well as the potential for introducing innovative medical devices at our Argus Health unit. “
Earlier this year Argus reported that the Company was gearing to raise additional funding to support expansion and development activities at both its Digital/Internet and Argus Health Divisions. It is anticipated that the Tejovat transaction will include both Argus stock and funds raised through the Company’s 2018 Offerings.
Argus Worldwide Corp. is a US corporation engaged in portfolio management and alternative investment strategies with its registered head office in Cheyenne, Wyoming, The Company has affiliated offices in Ottawa, Canada; Warsaw, Poland; and Amsterdam, The Netherlands. Shares of Argus Worldwide Corp. are traded on the US OTC Markets; Pink Current (symbol: ARGW).
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