MTPT – Metropolis Technologies Corp.
StockGuru Profile: MTPT
Metropolis has announced that it has completed the acquisition of the outstanding shares of privately held CyberGlobe in an all stock transaction valued at $2.5 million USD. The shares are issued with a restrictive legend under Rule 144 and cannot be traded without the filing of a registration statement or a qualified exemption. The acquisition brings the total amountof issued and outstanding shares to approximately 48 million common shares.
CyberGlobe International, a subsidiary of Metropolis is deploying city portals throughout the Caribbean. The first portal will be launched onApril 21st in Port of Spain, Trinidad.