ATWEC Technologies, Inc. (OTCPK:ATWT) signed a binding letter of intent to acquire Safebus Technologies, Inc. in stock in the week ending January 18, 2013. Under the terms of the binding letter of intent, ATWEC Technologies will issue shares as consideration. Safebus Technologies will operate as a wholly-owned subsidiary of ATWEC Technologies.

ATWEC Technologies, Inc. (OTCPK:ATWT) cancelled the acquisition of Safebus Technologies, Inc. on January 18, 2014.