Cheyenne, Wyoming Jan 17, 2019; Argus Worldwide Corp., (www.argusworldwide.com) reported today that the Company is working closely with Tejovat Technologies Pvt Ltd (www.tejovat.com) to launch a new branded product unit with a view to managing and consolidating the sales and marketing activities for Tejovat Technologies smart electronics products. The Company anticipates that a roll out of the soon to be announced new Tejovat branded product line for the Smart Home market will occur on or before the end of Q2 2019.
Argus Worldwide Corp currently holds a 40% stake in Tejovat but recently reported that it plans to increase its ownership position in 2019. Explains Michael Wexler Argus Chairman and CEO, “We understand full well that our continuing investment in Tejovat brings our company into a mega billion dollar marketplace which will offer greater potential than other earlier initiatives we have taken on a technology front. We also accept the vast competitive challenges that confront us from other major players in the smart electronics field at both a consumer and industrial level. The initiative we are reporting today to build and expand a strong product brand that stands front and centre with our competitors in terms of innovation and high performance underscores our dedication of purpose and commitment to taking Argus forward in the Smart electronics sector’.
Tejovat Technologies Pvt Ltd, was established in 2015 and is headquartered in Pune, India. Tejovat is engaged in the field of design, development, manufacturing, and servicing of smart home electronic products, tablets and mobile phones.
Argus Worldwide Corp is a diversified operating company with its registered office in Cheyenne, Wyoming. The Company has affiliated offices in Ottawa, Canada; Warsaw, Poland; and Amsterdam, The Netherlands. Shares of Argus Worldwide Corp. are traded on the US OTC Markets; Pink Current (OTC: ARGW).
FORWARD-LOOKING INFORMATION: Certain statements contained in this press release constitute
forward-looking information. These statements relate to future events or future performance. The use of any of the words "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained here.
For more information contact:
Argus Worldwide Corp. Investor Relations
In North America: 1-613-731-5935
In Europe: +48-606-751-757