March 28, 2018 – NEW YORK, New York – DarkPulse Technologies, Inc. (“DPT” or the “Company”) announces that it has signed a Term Sheet with a public entity which would allow DPT to go public via reverse merger. A confidentiality provision in the term sheet prohibits release of the name of the counterparty at this stage. As previously announced, the Company is executing an accelerated path to trading in the public market for many reasons. As always, with many business agreements there is no absolute guarantee that the Company will be able to consummate any transaction with the public entity.
Dennis O’Leary, DarkPulse’s Chairman and co-CEO commented: “We have signed a Term Sheet with a publicly traded entity to effect a reverse merger with the public entity in order to bring DarkPulse into the public market. This has been a culmination of several years of hard work and sacrifice—and we hope that it will help open additional sales and operational capabilities for DarkPulse internationally. We recently announced that operations have begun in Eurasia, and having access to larger public market capital pools should help ensure growth and expansion opportunities for the company. I am grateful to our partner, Bravatek Solutions, Inc., for assisting us in negotiating this and other opportunities.”
About DarkPulse Technology Holdings Inc.
DarkPulse Technologies is a global technology provider in the business of manufacturing, selling, installing, servicing and monitoring systems, including hardware and software that detects changes in the structural health of infrastructure. Their security solutions offer 24/7 monitoring of perimeters and detection of tunneling along national borders.
For more information, visit www.DarkPulse.com
About Bravatek Solutions, Inc.
Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems.
For more information, visit www.bravatek.com
Safe Harbor Statement
The information in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering, development and/or manufacturing programs, changes in product mix, development and production delays, and other factors beyond the Company's control. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.