Business
Perpetual Industries Announces the Acquisition of Worldwide Auctioneers ("Worldwide Group, LLC.")
Perpetual Industries Announces the Acquisition of Worldwide Auctioneers ("Worldwide Group, LLC.").
About this update from Perpetual Industries Inc.
[{"type":"text","content":"AUBURN, IN / ACCESSWIRE / January 25, 2021 / Perpetual Industries Inc. (OTC PINK:PRPI) ("Perpetual" or the "Company") is pleased to announce it has completed its acquisition of The Worldwide Group, LLC. ("Worldwide"), operating as Worldwide Auctioneers.left to right: Rod Egan, Principal Worldwide, Brent Bedford, CEO Perpetual Industries, and Kohn Kruse, Principal Worldwide. Worldwide is a US-based boutique auction company that specializes in the sale and acquisition of classic vintage motorcars at auction around the globe. They also offer an extensive range of personalized services to collectors, including private sales, appraisal, collection direction and consultancy, estate planning, and asset management. Worldwide is a leader in the Collector Car Auction industry with an impressive 20 year history and a talented team of experienced people. Worldwide houses a physical and virtual showroom, and a dedicated memorabilia division at its extensive Indiana headquarters.Under the terms of the agreement, which was unanimously approved by Perpetual's board of directors, Worldwide will continue to be led by principals Rod Egan and John Kruse and operate independently under the Worldwide Auctioneers brand as a wholly owned subsidiary of Perpetual, driving forward with a continued focus on its mission, customers, and community."I am excited to welcome the entire Worldwide team under Rod and John's leadership to Perpetual's umbrella. Their entrepreneurial spirit is a good match with ours and I am looking forward to achieving greater growth in Perpetual while playing a key role in reaching the future goals of Worldwide". said Brent Bedford, CEO of Perpetual.Within Perpetual's Blockchain division and by utilizing the Company's expertise in technology and marketing, there are multiple channels of collaboration that will allow for greater diversity and revenue streams in the Company. By providing Worldwide greater access to capital, Perpetual can transform the way Worldwide supports its customers and manages the buying and selling of important collector cars on a much larger scale."Today marks the beginning of an exciting new chapter for Worldwide, one in which we will be able to achieve greater goals and further our place as a global leader in the Collector Car Auction Industry....