VANCOUVER, British Columbia, September 27, 2016 /PRNewswire/ —
Arcturus Growthstar Technologies Inc. (the “Company” or “Arcturus”) (CSE: AGS) (OTC Pink: AGSTF) is pleased to announce that it has signed a Letter of Intent to acquire a large portfolio of revenue generating App’s and source code. This acquisition brings on a seasoned team of app developers, which instantly expands the Company’s tech portfolio and positions Arcturus for rapid rollout of a suite of 420 centric apps. With this all-stock deal, said stock being subject to escrow, Arcturus gains a foothold in the extremely valuable and fast growing mobile application market and obtains access to a seasoned team of experienced developers having published over 500 apps.
“Agriculture and technology are two powerful trends, which are merging at a rapid pace, and mobile technology, specifically apps that are efficiency based, will be in the center of it all,” says Mr. William Gildea, Arcturus Growthstar Technologies Inc.’s CEO and Chairman. “This acquisition positions Arcturus to take full advantage of this trend now and in the future by leveraging the experience of this seasoned mobile app team, which just in the past three years has released over 500 iOS/Android apps, including Farming All In One and a soon to be released 420 All In One Application with many more 420 apps in the pipeline.”
Mobile apps will continue to be at the heart of the data transformation in agriculture.
“Having published over 500 apps on both iOS and Android platforms we also integrated the Facebook, Chartboost, Applovin and Google’s AdMob mobile advertising networks which serve up over 10 million ad impressions per year across our portfolio,” comments Mikael Hovhannisyan, the app portfolio manager. “We are excited to be a part of the growing Arcturus team and look forward to leveraging our mobile development and monetization experience into the rapidly expanding 420 Ag app space.
According to CropLife, “The agricultural industry is being transformed by the use of data. It is everywhere, and over the next several years, innovative new uses of information across agriculture – from yield optimization and fertilizer management, to food safety and connected vehicles – will be adopted.” See full article at: http://www.croplife.com/editorial/matt-hopkins/6-mobile-app-trends-worth-watching-in-agriculture/
“Cloud technology, Big Data, and the Internet of Things all support the day-to-day operations on the farm,” says John Sweeny, the farm manager. “We are on the verge of some very significant changes in the merging of mobile app technology and the farm.”
For further information, contact William Gildea, Director, at +1-617-834-9467.