ITT.vn , Internet of Things

Discussion in 'Canadian Stocks Message Boards' started by shellybear, Mar 17, 2017.

  1. shellybear

    shellybear Member

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    Got a tip from another trader on this one, and given that there is some revenue involved it perked my interest.
    Grabbed a small 25K position to start. Huge volume the past few days and over 7 million shares traded today and got them at .135 , where it closed.
    Here was the news that caused all that buying.

    Internet of Things clarifies NR on New Hope JV



    2017-03-17 09:30 MT - News Release


    Mr. Michael Frank reports

    INTERNET OF THINGS INC. PROVIDES CLARIFICATION ON ITS JV WITH CHINESE GLOBAL CONGLOMERATE NEW HOPE GROUP

    Internet of Things Inc., at the request of IIROC (Investment Industry Regulatory Organization of Canada), is clarifying certain disclosures and statements made in its March 15, 2017, press release, which announced that the company has signed a letter of intent to form a joint venture partnership with New Hope Data Technology Co. Ltd., a New Hope Group-(collectively New Hope) affiliated and invested company.

    The press release provided that Internet of Things expects revenues of the JV over the three-year term to be in the $20-million-to-$30-million range. This revenue expectation for the JV is based upon estimates which have been provided to the company by New Hope as a significant amount of the projected revenue is expected to be generated by New Hope, its affiliated companies and its customers. This revenue expectation is what would generate the $3.5-million in aggregate net income over the first three years, which would result in New Hope being issued 28 million common shares of the company that are milestone based, as discussed in the press release.

    As announced in the press release, New Hope and Internet of Things plan to sign definitive JV agreements within the next 30 to 60 days. Updates will be provided as they become available.

    We seek Safe Harbor.
     
  2. shellybear

    shellybear Member

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    So far my foray into these pennies is not working out so good. Perhaps will get back to 95% of my holdings in safe dividend paying stocks.
     
  3. shellybear

    shellybear Member

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    well it is getting near time for the news of the JV with the huge Chinese company to come forth. May start adding more at the lower levels here. Looks very interesting as far as potential gains possibility.
     
  4. shellybear

    shellybear Member

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    A good friend of mine doubled down on ITT at about the .05 level. Now wishing i had followed his lead. Must be good things happening with Good Hope in China. Really nice volume the past week, over a million shares traded each of the last 3 trading sessions, with the biggest volume today as the stock touched .10
     
  5. shellybear

    shellybear Member

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    Huge volume yesterday on ITT and touched .12 briefly and more than 6 million shares traded ..the biggest volume day going back to March when it topped .15


    Internet of Things, Weather sign distribution deal



    2017-11-08 10:31 MT - News Release


    Mr. Michael Frank reports

    INTERNET OF THINGS INC. & WEATHER TELEMATICS INC. SIGN GLOBAL DISTRIBUTION AGREEMENT

    Internet of Things Inc. and Weather Telematics Inc., a leader in offering aritifical-intelligence-based real-time and predictive road weather conditions and dynamic routing solutions, have signed a global distribution agreement.

    On June 15, 2017, Internet of Things announced that it had signed a letter of intent to acquire Weather Telematics in a $3-million transaction for cash, stock and assumption of debt. Over the course of the past few months, both parties decided not to complete the acquisition, but rather to pursue a global distribution partnership. Under this distribution agreement, Internet of Things will not be paying any cash consideration, not issuing any stock nor assuming any debt.

    Weather Telematics is at the forefront of the explosive growth opportunity presented by the combination of artificial intelligence (AI) and the rapidly expanding autonomous vehicle market. Concurrent with the announcing of its global distribution agreement, Internet of Things is in discussions with several Fortune 100 Global companies regarding deploying Weather Telematics' proprietary sensor systems and AI applications. These include: Weather Telematics' road risk data visualization platform; Weather Telematics' global road weather conditions and risk alerts system (for connected and autonomous vehicle safety applications); Weather Telematics' dynamic risk-based routing system (for connected and autonomous vehicle navigation applications); Weather Telematics' ETA (estimated time of arrival) delay risk index (for fleet routing and logistics applications); and Weather Telematics' incident/vehicle risk index (for insurance applications).

    Other Internet of Things developments:


    • Internet of Things is expanding its New Hope Group joint venture partnership, which has recently signed an agreement with a leading U.S.-based industrial analytics provider, which originated from Massachusetts Institute of Technology's Media Lab and has multiple Fortune 500 customers.
    • Internet of Things is currently pursuing specific blockchain opportunities as it relates to the Internet of Things sector and potential merger and acquisition blockchain transactions.

    About Internet of Things Inc.

    The company is an Internet of Things (IoT) software and solutions provider. The company acquires and implements strategic and disruptive technology solutions targeting the industrial IoT markets, including manufacturing, energy management, agriculture, transportation, social, cybersecurity, e-commerce and fintech (financial technology).

    The company has a joint venture partnership with New Hope Data Technology Co. Ltd. for China and its headquarters in Toronto, Canada.
     

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