The Technology Largely Involves Advanced
GPS Tracking And Associated Products/Uses
Ft
Lauderdale, FL -- January 21, 2021 --
InvestorsHub NewsWire -- NxGen Brands
Inc.
(OTC:NXGB)
("NXGB" or the "Company"), is pleased to
announce that it has acquired an exclusive worldwide
license for various tracking and observation technologies and their
related products and services. That the Company can utilize these
technologies to further augment their newly
announced digital supply chain &
blockchain cannabis dispensary delivery services market
app.
It
also
utilizes these ready-to-market solutions
as independent apps and services, bringing more
potential revenues to the Company.
The Licensed Technology
from MyIAD
includes:
a) PTYpassA contactless biometric human
tracking for travel COVID
b) MyIAD GPS Solutions.
A GPS Tracking
& Monitoring Solution
c) MyIAD SOS. A satellite Observation System.
c) MyIAD Law
Solutions A House Arrest & Domestic
Violence
Solution.
d) MyIAD IP Solutions
An
Analytic Security
& Monitoring Solution.
e) MyIAD Solar Solutions
A Solar & Green
Based IP Solutions.
f)
MonitorINMATESA Real Time Offender Management
& Tracking System.
g) MonitoREOS A Real Time Offender
Management & Tracking System. (Latino Markets);
and
h) Heart WatchReal Time
Management & Tracking System for (HeartWatch approved
hardware)
The ten (10) year
licenses
were
acquired
from MyIAD
Corporation, a Wyoming Corporation (Licensor) in return for stock
and a five percent (5%) royalty. The full agreement will be filed
and available shortly on the OTCMarkets site. https://www.otcmarkets.com/stock/NXGB/disclosure
Angel Burgos, the Company CEO
said: "I
founded by the Licensor and personally developed the above products
and services circa 2010 & 2016, before becoming
NxGen's
CEO, and envisioned
that when the time was right to augment the Company's development
and arsenal of marketing products and services, I would grant the
Company an exclusive license. The Recent announcement of our entry
into the digital supply chain &
blockchain cannabis dispensary delivery services market through our
partnership with our partner, Bengala Technologies,
LLC
a nationally
recognized developer in this field, made this the right
time. The
Company believes that this asset in conjunction with the past
experience in tracking electronic monitored citizens in house
arrest and
currently the program running in Tocumen International in Panama as
the center application for contact tracing for all
arrivals which average 486K citizens being
monitored should help shorten the time it
will take us to launch the dispensary MJ platform, and can generate revenues for
the Company along the way with the entry into additional
fields."
For more information
on
MyIAD
go to:
https://www.myiad.com - www.monitorinmates.com – https://pytpass.app and - www.monitoreos.net
About NxGen
Brands, Inc.
NxGen Brands, Inc. owns a
wholly owned subsidiary NxGen Brands LLC dba: LeafyWell. Our
websites can be viewed at www.leafywell.com and
www.nxgenbrands.com. Our pursuit is to leverage equity, acquire,
merge and or joint venture with early-stage companies in emerging
industries, to stimulate growth, cash flow and increase broader
distribution channels.
Our newly added proprietary and
licensed formulated products included in the commercial,
industrial, and residential cleaning supplies, disinfectants, and
sanitizers can be seen at www.nxgenbrands.com or www.leafywell.com
and for more information or to make bulk purchases, please
contact sales@nxgenbrands.com.
For more information on "NXGB"
the corporation, please visit the corporate website at
https://www.nxgenbrands.com.
About Bengala Technologies:
Bengala
Technologies LLC, achieved excellence in the
field of blockchain consulting and development by creating and
deploying custom decentralized blockchain and supply apps including
Supply Chain, Blockchain and Smart Contract Development
applications.
For more
information on Bengala Technologies LLC go
to: https://bengalatech.io
To be added to the Company
investor email list, please email info@nxgenbrands.com with
"NXGB" 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/NXGB/disclosure
Contact:
info@nxgenbrands.com
Phone: (888)
315-6339
SOURCE NxGen Brands
Inc.
NxGen Brands (CE) (USOTC:NXGB)
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