Global UAV Technologies Ltd. (formally Alta Vista Ventures Ltd.) (UAV-CSE) (the “Company”) is pleased to announce that it has signed a Letter of Intent (LOI) to purchase the Calgary based company, Easy SFOC for a total consideration of CAD $100,000. The compensation is payable as $70,000 in cash and $30,000 in shares of Global UAV Technologies. Easy SFOC is a growing business that is complimentary to the current businesses that are under the Global UAV Technologies umbrella.
About Easy SFOC Ltd.
Easy SFOC is a regulatory consulting service that assists clients with the preparation of Special Flight Operation Certificates (SFOCs) for Unmanned Aerial Vehicle (UAV) operations in Canada. Easy SFOC is a web-based service that uses a proprietary user-friendly interface which collects information on a client’s site locations, operations, and crew information quickly and efficiently. The client is then provided with full support and guidance along with a customized SFOC application ready to submit to Transport Canada.
In addition, the client receives all of the required supporting documents such as a site survey, an operations manual, safety and reporting forms, and other resources to assist with safe and compliant operations. Easy SFOC is focused on providing high-quality customer service and supports an easy to understand approach to regulations.
“In this increasingly regulated environment, obtaining an SFOC is a necessary component to fly in compliance with Transport Canada. We clarify the rules and regulations for UAV use and allow the client to focus on the operations at hand, which provides greater flexibility and safety for both commercial and recreational purposes”, stated Corey Feduck, President of Easy SFOC.
“Easy SFOCs regulatory compliance and consulting company represents another facet of Global UAV Technologies’ growth plans. As such, we are pleased to announce the signing of this LOI. Regulatory compliance in the UAV space is rapidly evolving and can be difficult for many small UAV businesses to manage. Easy SFOC provides a simple, in demand solution that has proven to be successful for our subsidiaries Pioneer Aerial Surveys and High Eye Aerial Imaging, as well as many other commercial UAV operators throughout Canada for both obtaining SFOCs and maintaining regulatory compliance.” stated Jason Springett, president of Global UAV Technologies.
Shareholders are encouraged to visit the Company’s new website at www.globaluavtech.com
About Global UAV Technologies Ltd.:
With its growing technical expertise and expanding reach globally, Global UAV Technologies (formerly Alta Vista Ventures Ltd.) is the leader within the Unmanned Aerial Vehicle (or ‘UAV’) sector. Through its wholly owned subsidiaries - Pioneer Aerial Surveys and High Eye Aerial Imaging – Global UAV Technologies provides a full spectrum UAV-based surface and sub-surface imagery.
Global UAV Technologies will continue its growth through expanding the business of its current subsidiaries and the continued evaluation of potential acquisitions with the goal of creating a consortium of businesses that, when fully integrated, will cover all aspects of the UAV industry.
On behalf of the Board,
President & CEO
For additional information on Global UAV Technologies please contact
Mr. Stephen Litwin, Investor Relations, at 514-708-3456
Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.