Business
American Green Executes Acquisition Agreement With TrackX -- a Global Leader in Cloud-Based Physical Asset Management
American Green Executes Acquisition Agreement With TrackX -- a Global Leader in Cloud-Based Physical Asset Management.
About this update from American Green, Inc.
[{"type":"text","content":"\n \n \n American Green Executes Acquisition Agreement With TrackX -- a Global Leader in Cloud-Based Physical Asset Management\n \n \nAmerican Green Executes Acquisition Agreement With TrackX -- a Global Leader in Cloud-Based Physical Asset Management\n \n TEMPE, AZ--(Marketwired - Jun 29, 2015) - American Green, Inc. (OTC PINK: ERBB) is very pleased to announce today that it has executed an acquisition agreement with TrackX, LLC (www.TrackX.com). TrackX, a Denver-based company, is one of the country's leading providers of complete Radio Frequency Identification (RFID) tracking and cloud-based physical asset management systems. TrackX owns and maintains process patents and services designed to cater to numerous nationally recognized customers. American Green believes that TrackX is positioned to be the premiere RFID-enabled asset tracking and supply chain solutions provider globally. Currently available market data shows that in 2014, the world RFID market was worth $8.89 billion, up from $7.77 billion in 2013 and $6.96 billion in 2012. This includes tags, readers, and software/services for RFID cards, labels, fobs, and all other form factors. TrackX is well positioned to be the next-generation platform for the \"Internet of Things\" that is projected to generate $14.4 trillion in value by 2022.\n TrackX services many recognizable brands (please see their website), including Fortune 100 companies, with their unique and proprietary software applications. This investment will allow American Green to utilize state-of-the-art tracking technology in all States offering (or planning to offer) a legal cannabis program with a well-established seed-to-sale tracking platform.\n \"Our decade-long background in technology and our unique position in this emerging sector made this opportunity ideal for our company,\" says Stephen Shearin, American Green president. \"We are eager to assist TrackX in maximizing how it serves its impressive client list; help them deliver the business in their equally impressive pipeline and develop new business, aided by our extensive tracking candidates our company has already developed in this sector. The opportunities are endless in tracking and efficiency which is why our team spent more than 3 months pursuing and negotiating this critical acquisition,\" concludes Shearin.\n \"We worked for years to develop ...