26 Feb, 2018
  • Argus Worldwide Corp. In Acquisition Talks With Value Added Asian Consumer Electronics Firm

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).

FORWARD-LOOKING INFORMATION: Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “will” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forwardlooking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained here.