Business
Gopher Protocol Acquired Certain Assets with Presence in Approximately 15,000 Locations Across the United States
Gopher Protocol Acquired Certain Assets with Presence in Approximately 15,000 Locations Across the United States.
About this update from Gbt Technologies Inc.
[{"type":"text","content":"\n \n \n Gopher Protocol Acquired Certain Assets with Presence in Approximately 15,000 Locations Across the United States\n \n \nGopher Protocol Acquired Certain Assets with Presence in Approximately 15,000 Locations Across the United States\n \n SANTA MONICA, CA--(Marketwired - Sep 7, 2017) - Gopher Protocol Inc. (OTCQB: GOPH) (\"Gopher\" and the \"Company\"), a development-stage company which specializes in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, proudly announces the acquisition of certain assets from RWJ Advanced Marketing which were previously owned by W.L. Petrey Wholesale Company. These assets may give Gopher presence and potential revenue opportunities in approximately 15,000 locations across the United States. In addition, this transaction will establish an infrastructure for IoT communication as well as distributing the products Gopher is currently developing.\n The Company engaged Gregory Bauer to lead the Company as Chief Executive Officer. Mr. Bauer has over 20 years of experience in operations and product distribution having run business units with revenues in excess of $100 million. As a result of the acquisition, Mr. Bauer is a shareholder and a warrant holder of the Company.\n The Company also appointed Warren Jackson to its Advisory Board to advise the board on utilizing its new assets. Mr. Jackson is among the owner and operators of W.L. Petrey Wholesale Company Inc. As a result of the acquisition, Mr. Jackson is a shareholder, warrant holder and a debt holder of the Company. \n About Gopher Protocol Inc.\n Gopher Protocol Inc. (OTCQB: GOPH) (\"Gopher\" and the \"Company\") (http://gopherprotocol.com/) is a development-stage company, which considers itself a Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. The Company has a portfolio of Intellectual Property that, if commercialized will include smart microchips, mobile application software and supporting cloud software. The system contemplates the creation of a global network. The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide. Gopher envisions this system as an internal, private network between all enabled mobile devices providing shared processing, a...