CALGARY, Alberta, Jan. 03, 2020 (GLOBE NEWSWIRE) -- Trakopolis IoT Corp. (TSXV: TRAK) ("Trakopolis" or the "Company") wishes to provide an update on certain matters related to the acquisition agreement dated December 20, 2019 entered into with a subsidiary of Geoforce, Inc., an arms' length purchaser, that provides for the acquisition of substantially all of the assets of its subsidiary, Trakopolis SaaS Corp.
Geoforce is a Texas-based cloud platform that offers solutions such as monitoring and asset tracking for industries including logistics, aviation and construction.