FTI Signs MOU With iDroid USA
June 23 2017 - 8:02PM
FTI Foodtech International Inc. (TSX Venture:FTI) ("FTI")
announces that it has signed a Memorandum of Understanding (MOU)
with iDroid USA Inc. (iDroid) of Philadelphia, PA.
The proposed agreement will have FTI purchase
all assets and business activity of iDroid in exchange for common
shares of FTI and stock options.
iDroid is a mobile technology company, that
designs, develops and distributes versatile and affordable
mobile devices and services, including smartphones, tablets,
wearables and mobile apps. iDroid currently sells in the USA,
Canada, Europe, the Middle East and East Africa.
Further details of the proposed agreement will
be released once finalized and executed.
The TSX Venture Exchange Inc. has
neither approved nor disapproved the contents of this press
release.
For further information, contact: William Hullah, President, FTI at (416) 444-1058
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