INEO Tech Corp. announced it has entered into a Letter of Intent with Prosegur EAS USA Inc. to distribute and install INEO'sWelcoming Systems in Prosegur's retail customers in North America, Latin America and Europe. Under the terms of the LOI, INEO grants Prosegur non-exclusive global distribution rights to secure, place and install the INEOWelcoming System within Prosegur's retail customers.  Prosegur will be responsible for the funding, manufacturing, distribution, in-store setup and in-store maintenance of INEO'sWelcoming Systems.  INEO will be responsible for online provisioning, operating, and managing of the INEOWelcoming Network in addition to providing location-based analytics to Prosegur and its retail clients for which INEO will receive a monthly recurring revenue fee.