Business
Winning Brands Announces Intention to Acquire GestureTek Systems Assets and Business Pending Court Approval as new Tech Division
Winning Brands Announces Intention to Acquire GestureTek Systems Assets and Business Pending Court Approval as new Tech Division.
About this update from Winning Brands Corp.
[{"type":"text","content":"Non-Disclosure Waiver Permits Winning Brands Management to Disclose Plans to WNBD ShareholdersNEW YORK, NY / ACCESSWIRE / April 15, 2022 / Winning Brands Corporation (OTC PINK:WNBD) www.WinningBrands.com has taken another forward step in its intended acquisition GestureTek Systems' assets and international business of immersive gesture control technology and is now permitted to disclose the name of the acquisition target and to discuss with Winning Brands shareholders the future plans for GestureTek's technologies. The next step is for Court Approval of the transaction.GestureTek technologies have been at the early leading edge of innovation in touchless immersive control of computer systems and display systems, and enjoys a large existing installed commercial customer base worldwide. Global interest in applications for touchless interface concepts is already high, and is being further stimulated by immense health & safety concerns during the COVID era. These trends, and the integration of mass customization of digital display experiences in daily life are expected to grow for the foreseeable future. Winning Brands has become uniquely qualified to deal with the complexity and opportunities associated with the acquisition. When approved by the Court, Winning Brands will acquire GestureTek's rights and select assets. Winning Brands management and advisors have made an intense study of the actions needed to restore momentum to GestureTek's technologies in its existing markets - and to leverage the conceptual association that exists between GestureTek technologies and metaverse platform applications, for additional future product development.Winning Brands CEO, Eric Lehner, comments - "There is no team as well prepared as our Action Group to refresh and stimulate a resurgence of GestureTek technologies. Our Action Group consists of select representatives of personnel currently and previously associated with GestureTek, new hand-picked advisors and Winning Brands' colleagues. We thank the vendors in this transaction for helping to preserve and transfer GestureTek's technology and assets during this transitional period so that Winning Brands and the Action Group can swing into action following Court approval. There is far too much in this business vision to describe to shareholders than can be accommodated within a single new...