Business
Winning Brands Acquisition of GestureTek Systems Assets and Business Receives Court Approval & Vesting Order
Winning Brands Acquisition of GestureTek Systems Assets and Business Receives Court Approval & Vesting Order.
About this update from Winning Brands Corp.
[{"type":"text","content":"GestureTek Brand Rights Are Going to Winning Brands CorporationNEW YORK, NY / ACCESSWIRE / May 19, 2022 / Winning Brands Corporation (OTC PINK:WNBD) www.WinningBrands.com has moved closer to completing its acquisition of the assets and immersive gesture control business of GestureTek Systems Inc. The Ontario Superior Court of Justice has granted a motion today to order and approve the acquisition. Winning Brands Corporation is the purchaser of assets and rights that became available in the matter of the earlier bankruptcy of GestureTek Systems Inc of Toronto. The approval and vesting order is subject to a 10-day appeal period, following which a court appointed receiver will have responsibility to deliver to Winning Brands Corporation a Receiver's Certificate confirming the performance of certain procedural details, after which the transaction shall be declared closed.GestureTek's technology has been at the leading edge of innovation in touchless immersive gesture control of a wide array of computer display systems serving people across many industries. The brand is well known and respected in the gesture control market, and enjoys a large commercial customer base worldwide. An brief overview of GestureTek's award-winning history in medical and other sectors can be seen here: www.GestureTekHealth.com. Abundant video resources are also available here: https://vimeo.com/GestureTekWinning Brands CEO, Eric Lehner, comments, "I thank the other parties to this transaction for their cooperation and goodwill in a complex exercise. Intellectual property involves considerable expertise. Winning Brands looks forward to servicing all existing and new clients of GestureTek's technology and services, with the help of the dedicated GestureTek team, supported by our 3rd party service providers. More information will be forthcoming to shareholders and to our marketplace soon. We have major positive initiatives in the pipeline for the GestureTek brand to become better than ever. This is great news for GestureTek customers."Winning Brands discusses its business in its various public information platforms in order to ensure that shareholders understand the company's business model, its activities, its challenges and its opportunities. Such discussions include a CEO weblog maintained for Winning Brands shareholders at www.WinningBrandsCorpo...