SANTA MONICA, CA — (Marketwired) — 09/07/17 — Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher” and the “Company”), a development-stage company which specializes in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, proudly announces the acquisition of certain assets from RWJ Advanced Marketing which were previously owned by W.L. Petrey Wholesale Company. These assets may give Gopher presence and potential revenue opportunities in approximately 15,000 locations across the United States. In addition, this transaction will establish an infrastructure for IoT communication as well as distributing the products Gopher is currently developing.
The Company engaged Gregory Bauer to lead the Company as Chief Executive Officer. Mr. Bauer has over 20 years of experience in operations and product distribution having run business units with revenues in excess of $100 million. As a result of the acquisition, Mr. Bauer is a shareholder and a warrant holder of the Company.
The Company also appointed Warren Jackson to its Advisory Board to advise the board on utilizing its new assets. Mr. Jackson is among the owner and operators of W.L. Petrey Wholesale Company Inc. As a result of the acquisition, Mr. Jackson is a shareholder, warrant holder and a debt holder of the Company.
Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher” and the “Company”) () is a development-stage company, which considers itself a Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. The Company has a portfolio of Intellectual Property that, if commercialized will include smart microchips, mobile application software and supporting cloud software. The system contemplates the creation of a global network. The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide. Gopher envisions this system as an internal, private network between all enabled mobile devices providing shared processing, advanced mobile database management/sharing and enhanced mobile features.
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Consumer and product website for Guardian Patch: .
The Guardian Pet Tracker (Sphere Internal name — the “Sphere”) system is a derivative technology of Gopher–s Guardian Patch technology. The Sphere is designed to provide its users with local tracking capability using a re-chargeable/replaceable battery source. Gopher intends to release pre-production units in limited test in the near future.
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W.L. Petrey Wholesale was founded in 1898. In the early 1980–s, Warren Jackson and his brother Bill Jackson began taking Petrey Wholesale in a new direction by developing a business plan to pursue the distribution of wholesale groceries primarily to service the needs of convenience stores. Through their efforts, W.L. Petrey Wholesale has become a leader in distribution throughout the Southeast and services close to 10,000 stores nationwide. The company employs over 600 individuals and through Warren–s innovative thinking, they have branched out beyond Grocery into Novelty, Food Service, Prepaid and Manufacturing. W.L. Petrey has annual revenues in excess of $600 million.
Certain statements contained in this press release may constitute “forward-looking statements”. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company–s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company–s views as of any date subsequent to the date of the press release.
Contact:
Michael Murray Executive VP
Gopher Protocol Inc.
VM Only 888-685-7336
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