Ameritek Ventures (PK) (ATVK) News

Shaun moving money between companies again... buying from ATVK to move it on to Zena to inflate its holdings.

Don't worry, stock price will crash back down after suckers realize this is a nothing burger.

Also a GLARING mistake in the PR... they talk about operating income in the hundreds of millions from revenue in the hundreds of thousands. LOL

NEWS: Ameritek Ventures Inc. (OTC: ATVK) and Zenatech entered into an agreement whereas Zenatech acquires Ecker Capital LLC, the holding company for warehouse management software companies InterlinkONE Inc. and Interactive Systems Inc. from Ameritek Ventures Inc.

Tue, November 12, 2024 at 7:30 AM EST

In This Article:
ATVK
ZENA

TORONTO, Ontario, Nov. 12, 2024 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, announces that it has entered into an agreement to acquire Ecker Capital LLC, the holding company for warehouse management software companies InterlinkONE Inc. and Interactive Systems Inc., from ZenaTech’s affiliated company Ameritek Ventures Inc. (OTC: ATVK). The acquisition of these two software companies will provide important functionality for integration with its ZenaDrone IQ Nano AI drone solution, enabling autonomous inventory management for warehouse and logistics customers. This transaction also further expands ZenaTech’s portfolio of SaaS software solutions and customer base and is expected to add to recurring revenues. Combined operating income for the acquired companies were $354M on revenue of $678K for the first nine months of 2024, and $386M on revenue of $949K for FY 2023. The acquisition is subject to any shareholder and regulatory approvals that may be required.

“This acquisition will add more recurring revenue to ZenaTech, as well as provide additional functionality to our ZenaDrone IQ Nano AI drone solution for autonomous inventory management. We look forward to introducing these ground-breaking solutions to warehouse and logistics customers in the US and globally. We believe this dramatically improves decision making and efficient operations by being able to assess and manage physical inventory cost-effectively by the hour instead of once every quarter as often done. This can easily result in inventory cost savings in the millions of dollars a year for multi-warehouse facility customers,” said CEO Shaun Passley, Ph.D.

Interactive Systems, Inc.

Provides software that helps manage all aspects of warehouse day-to-day operations including inventory management, e-commerce, order processing, and supports handheld devices for warehouse workers. The solution also features customized interfaces to automation and a variety of material handling equipment.

InterlinkONE, Inc.

Provides warehouse management solutions for maintaining multiple warehouses on different platforms and integrating them with associated applications for ERP, ecommerce and finance, such as WooCommerce, Salesforce, Zapier and QuickBooks.

The ZenaDrone IQ Nano is a 10x10-inch indoor drone designed to perform regular and frequent inspections such as bar code or RFID scanning in inventory management, facility maintenance inspections, security monitoring, 3D indoor mapping and other applications inside a warehouse, distribution, or plant facility. The IQ Nano is designed for autonomous use featuring integrated sensors, high-quality cameras, and data collection and analysis. Weighing 1.5kg and with a flight time of up to 20 minutes before utilizing the automatic battery charging station, it is designed for hovering stability and for safety with obstacle avoidance capabilities. View video showing the IQ Nano in test flight here.

About ZenaTech

ZenaTech (Nasdaq: ZENA) (FSE: 49Q) is a technology company specializing in AI drone solutions and enterprise SaaS solutions for mission-critical business applications. Since 2017, the company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and field service processes. With over 100 enterprise software customers using branded solutions in law enforcement, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech helps drive exceptional operational efficiencies and cost savings. The company operates through six offices in North America, Europe, and UAE, and a growing global partner network.

About ZenaDrone

ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous business drone solutions that can incorporate machine learning software, AI, predictive modeling, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has evolved to multifunctional drone solutions for industrial surveillance, monitoring, inspection, tracking, and process automation applications. Currently the Zenadrone 1000 drone is used for crop management applications in agriculture and for critical field cargo applications in the defense sector, and the IQ Nano indoor drone is used for inventory management in the warehouse and logistics sector.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Contacts for more information:

Company, Investors and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com

Investors:
Michael Mason
CORE IR
investors@zenatech.com

Safe Harbor

This press release and related comments by management of ZenaTech, Inc. include “forward-looking statements” within the meaning of U.S. federal securities laws and applicable Canadian securities laws. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. This forward-looking information relates to future events or future performance of ZenaTech and reflects management’s expectations and projections regarding ZenaTech’s growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “aim”, “seek”, “is/are likely to”, “believe”, “estimate”, “predict”, “potential”, “continue” or the negative of these terms or other comparable terminology intended to identify forward-looking statements. Forward-looking information in this document includes, but is not limited to ZenaTech’s expectations regarding its revenue, expenses, production, operations, costs, cash flows, and future growth; expectations with respect to future production costs and capacity; ZenaTech's ability to deliver products to the market as currently contemplated, including its drone products including ZenaDrone 1000 and IQ Nano; ZenaTech’s anticipated cash needs and it’s needs for additional financing; ZenaTech’s intention to grow the business and its operations and execution risk; expectations with respect to future operations and costs; the volatility of stock prices and market conditions in the industries in which ZenaTech operates; political, economic, environmental, tax, security, and other risks associated with operating in emerging markets; regulatory risks; unfavorable publicity or consumer perception; difficulty in forecasting industry trends; the ability to hire key personnel; the competitive conditions of the industry and the competitive and business strategies of ZenaTech; ZenaTech’s expected business objectives for the next twelve months; ZenaTech’s ability to obtain additional funds through the sale of equity or debt commitments; investment capital and market share; changes in the target markets; market uncertainty; ability to access additional capital, including through the listing of its securities in various jurisdictions; management of growth (plans and timing for expansion); patent infringement; litigation; applicable laws, regulations, and any amendments affecting the business of ZenaTech.

Forward-looking statements are based on certain assumptions and analyses made by the management of ZenaTech in light of its experience and understanding of historical trends and current conditions and other factors management believes are appropriate to consider, which are subject to risks and uncertainties. Although ZenaTech’s management believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and actual results may vary materially from the forward-looking information presented. Given these risks and uncertainties underlying the assumptions made, prospective purchasers of ZenaTech’s securities should not place undue reliance on these forward-looking statements.

Further, any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by applicable law, ZenaTech undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all such factors and to assess in advance the impact of each such factor on ZenaTech’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. Potential investors should read this document with the understanding that ZenaTech’s actual future results may be materially different from what is currently anticipated.

Oh that. I thought it was resolved/closed... but maybe not.

Either way its relatively insignificant money and potential shares compared to all of the outstanding preferred stuff... and also that Shaun has basically used up and abandoned this turd for his other sucker plays.

It's the right ticker. Case number: A-20-822695-B

What case? Do you have the wrong ticker?
This piece if garbage is owned by Shaun Passley and a bunch of investors with preferred stock.

What the heck's going on with their custo case...I see updates every month, but I'm tired of paying for the court docs. If anyone knows the latest updates, in simple terms, please let me know.

Ooooooh, yes, totally useless messaging service that nobody uses, especially when there are several other major well known and widely used apps that've been out there for years.

Just more 'me too' crap from Shaun.

$ATVK 's Webbeeo keeps your messages private with end-to-end encryption:

https://bit.ly/3FQj4eh

#Webbeeo #EncryptedMessaging

Nearly two thirds being goodwill, learn how to read a financial report

LOL keep pumping that dead horse!

Nothing is going on here. Shaun is focused on his other garbage companies.

$ATVK buds building. .0011' s on ASK. Watching for more updates.

And little revenues with no products and nothing real coming.
Garbage from Shaun that he just uses to move money between accounts and issue preferred shares to the investors he suckered in.

$ATVK Current and filing. 10-Q filed. Total Assets 3.7M
https://www.otcmarkets.com/filing/html?id=17760559&guid=kqO-kFQ6PxvCJth

10-Q out - minimal revenues down from prior quarters, nothing happening other than long term debt and funneling some cash over to Shaun's other fluffy company Epazz for some 'services'.

Start your week with clear goals to stay focused on the bigger picture. $ATVK stays on track with the growth plan. #AmeritekVentures #softwaresolutions #hardwaresolutions #motivation

Sorry - lies. Ameritek doesn't do crap and doesn't have any products that you can actually buy or use. All 100% fluff from Shaun and his pumping henchman.

$ATVK Ameritek Ventures offers innovative solutions for practical and better living! #Innovation #Healthcare #Wellness #Productivity

https://bit.ly/466fg3q

Good morning $ATVK on alert for news and updates.

$ATVK .0014 x .0015 +27.27% When these companies recover you will be long gone.

Only reason I keep posting is in response to the paid pumper spam from Jedi so that any new people don't get caught up in that and make a uninformed decision thinking there is something happening here.

Plenty other stocks I follow and own here in the OTC and don't post much of anything since the boards aren't full of garbage.

You should probably stay out of the OTC... and go with listed companies that have products and services. Instead of whining day after day after day.. you are sounding like that assclown sampson.

I wish they'd actually follow through on something since it wouldn't take much to send this stock significantly higher.

I don't disagree on the product lines. MGON has a similar situation.

I worked on the website, digital and social media at my last employer.

No I haven't, nor do have any desire to be a social media corespondent. Are you?

My point is this company has no real products. They only post fluff, promises, and 'me too' things to try to pump the stock. Shaun Passley has a history of this with multiple companies where he only ends up lining his pockets and massively diluting the stock from his investors that he suckered in exercising multiple rounds of preferred shares. If you read their quarterly/annual reports there is nothing of substance in there either unless you want to read pages and pages of information about preferred shares issued to various investment firms from multiple rounds of funding.

You obviously haven't managed a company's social media account. Reach and engagement are what is sought. Real news comes through 8K and press releases.

There is nothing in that 'update'. It was a zero content tweet so why even repost it?

Maybe if this company actually followed through there would be something positive to talk about, but its been entirely fluff, future promises, and nothing coming out of it - a trademark of any of Shaun's tickers. Meanwhile you've been constantly pumping and reposting the same fluff from the company.

That was an update from the company Twitter account with the Link provided.

And exactly what is your reason for posting on message boards and hardly making one positive comment on companies during turbulent times. Who does that. Absolutely suspect posting history. #undisclosed

Another PAID POST about nothing!

$ATVK Ameritek Ventures, Inc. Ticker: $ATVK @AmeritekInfo
"The only limit to our realization of tomorrow will be our doubts of today." - FD Roosevelt

Start your week with clear goals to stay focused on the bigger picture. $ATVK stays on track with the growth plan. #AmeritekVentures #softwaresolutions #hardwaresolutions #motivation
https://x.com/AmeritekInfo/status/1805284248942723539

JEDI = PAID PUMPER Check out the 'disclaimer' link in his posts!

And are you kidding? Old crap about their totally useless and irrelevant 'dittomask' ?? Seriously, I can't believe that Shaun would actually pay you for these kinds of fake news posts.

$ATVK DittoMask consists of hypoallergenic, breathable polyester fabric designed for comfort and particle protection!

Get your protection mask here: https://bit.ly/38H54Cg

#AmeritekVentures #DittoMask #Sportsmask #CustomFitMask"
https://x.com/AmeritekInfo/status/1802736964291994087

$ATVK Whether it's for the food industry, healthcare, government, or military, a small fridge can come in handy!

Discover more about how our $ATVK portable fridge can help your business cooling needs: https://bit.ly/3UMqOXb

#AmeritekVentures #Flexfridge #PortableFridge
https://x.com/AmeritekInfo/status/1801302261378773300

I never knew you got paid to post these ridiculous ads! I guess the miserable degenerate netmoney was right about 1 thing at least lolol

Jedi = PAID PUMPER
Its in his disclaimer that he gets paid for posting about companies.

They've never sold a single flex fridge, and likely never will! Better and most likely significantly less costly options already on the market at your local hardware store, Same/Costco/BJs, or Amazon

$ATVK ZenaTech Inc. @ZenatechInc Driven by our passion and fueled by our dreams, let us make things happen!
#Zenatech #softwaresolutions #hardwaresolutions #motivation
https://x.com/ZenatechInc/status/1800921982122524796

$ATVK Challenge yourself and embrace new experiences with $ATVK. Discover new opportunities for growth and venture beyond your comfort zone. #AmeritekVentures #MondayMotivation

https://x.com/AmeritekInfo/status/1800206288867008701

Share Structure as of June 10, 2024:

AS: 950M
OS: 583,226,791
Restricted: 169,795,460
Unrestricted: 413,431,331

No, I'd rather the price go up because the company actually did something for real and sold a real product... but this is another one of Shaun Passley's tickers and he only posts fluff tweets that never turn into anything, and has paid pumpers to get interest and sucker bankers/investors into giving him money for nothing and cause massive dilution so stockholders get screwed.

Wow, someone wants the stock price to stay down. You must be a paid bear or short!

$ATVK .0013 +36.84% Strong day here. ASK the Brokers/Dealers why they are here. Everything they tell us is a Lie. #Bullish

PAID PUMPER

Stop posting your garbage and go away. This is from his 'disclaimer' link on his signature for his pumping posts across this site:
https://corporateads.com/disclaimer/

He gets paid to promote stocks and this garbage.

$ATVK Company Profile & News: https://www.ldmicro.com/profile/ATVK

No change to SS recently. Should see another pump with this low SS at this low price

LOL I guess you got bored pumping the other turds you get paid to pimp so came back here to repost about an old and useless product that went nowhere, like everything else this company tried to do.

$ATVK Protect your airway while increasing lung capacity wearing #DittoMask. Our sports masks prevent airborne viruses with breathable, sports-friendly masks designed for athletes & anyone on the go. Stay safe, stay active, anywhere, anytime. #ActiveLife
https://bit.ly/3yrTVGp
https://x.com/AmeritekInfo/status/1793666194618106217

Lol, back posting over here again?
There are no progress updates... just fluff and nothing burger 'announcements' and 'products'

$ATVK Waiting on Progress Updates, Seeing some buying action.

He does the same with EPAZ, and these companies appear more and more like the convoluted mental fiction of a manic-depressive day-dreamer…