Pyramidion Technology Group, Inc. Acquires MyIAD Corp. Through Voluntary Stock Exchange
WESTON, Florida, October 26, 2017 /PRNewswire/ --
Pyramidion Technology Group, Inc. ("PYTG", or the "Company") (OTC PINK: PYTG), today announced that it has acquired MyIAD Corp. ("MyIAD") registered in the Commonwealth of Puerto Rico through a voluntary share exchange. MyIAD's main business is the sale, operations and live monitoring of persons and property via GPS and other available alternatives. Visit MyIAD.com for more information. Revenues will be received upon commencement of contracts currently in different phases of trials and pilot programs.
The acquisition is deemed a Related Party Transaction as the seller of MyIAD, Angel Burgos, is also Vice President and a director of PYTG having been appointed on July 19, 2017. Mr. Burgos will also serve as the MyIAD's Chief Executive Officer and be responsible for developing and delivering MyIAD's strategic technology plan, and guiding MyIAD into security intelligence capabilities to align with new requirements emerging from customers and industries the company is currently exploring. For further information about MyIAD, please refer to their website at http://www.myiad.com.
Carlos Hurtado, CEO of PYTG, said "The acquisition of MyIAD is our first step in developing a business in the Telecommunications and Security sector utilizing the seasoned experience of Mr. Burgos who has 20 years of experience successfully building various corporate enterprises in which he has played a critical role in designing, creating and implementing technologies in the fields of Cloud Computing, Secure Networking, VoIP, Satellite, and Electronic Monitoring via GPS, both civilian and governmental, environments worldwide earning the reputation for technology excellence and knowledge. He is a great asset to PYTG and will help us capitalize our expansion plans moving forward."
Please contact Pyramidion Technology Group, Inc at info@pytginc.com for further information.
About Pyramidion Technology Group, Inc.
Pyramidion Technology Group, Inc. OTC Markets (PYTG) is developing a diversified holding company. The purpose of the Company is to facilitate growth through diverse distribution platforms. The Company intends to develop and acquire companies and technologies for its holdings. These platforms will combine natural relationship marketing synergies and distribution methods that enable the combined companies to provide a wide variety of unique and complete solutions to consumers. We believe our overall business model should effectively create a Company of unlimited opportunities.
For more information on PYTG, please visit the Company's website at https://www.pytginc.com.
To be added to the Company investor email list, please email info@pytginc.com with PYTG in the subject line.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/PYTG/filings.
Contact:
Investor Contacts: info@pytginc.com
Phone: +1-954-329-2205
SOURCE Pyramidion Technology Group, Inc
