Bravatek and AmbiCom Joint Venture Leverage Settlement Agreement
Bravatek continues to drive US government and private sector business…
AUSTIN, TX –(February 9, 2018) – Bravatek Solutions, Inc. (OTCPink: BVTK, “Bravatek” or the “Company”) announced in late January 2018 that it had executed a worldwide Joint Venture with AmbiCom Holdings, Inc. (“AmbiCom”) whereby AmbiCom will promote, sell and distribute its solutions by leveraging Bravatek’ s expertise and experience, with a focus on the Government and Telco markets. We announce today that pending lawsuits between AmbiCom and PC Drivers Headquarters LP have been resolved by the execution of a confidential settlement agreement.
Dr. Thomas A. Cellucci, Bravatek’s Chairman and CEO, commented: “This development allows our JV team to pursue clients more aggressively without any potential interference, as well as pursue additional market segments. It’s now even easier for the US Government to acquire solutions that have been shown to increase productivity and reduce costs—with more capabilities.”
Mr. Kevin Cornell, CEO of AmbiCom Holdings, Inc., stated: “This settlement was a long time coming—and we are very pleased with the outcome. It makes AmbiCom more valuable—as well as enhances the value of our JV with Bravatek.”
About Bravatek Solutions, Inc.
Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems.
For more information, visit www.bravatek.com
About AmbiCom Holdings, Inc.
AmbiCom Holdings Inc., headquarters in Santa Cruz, California, searches out, acquires and/or invests in unique technologies that have the potential for wide adoption in large markets. AmbiCom looks for mature management teams that have a history of successfully converting new concepts in to products. Of interest are high margin products that have the ability to enhance user’s experience while generating positive return on investment. We are acutely aware of our responsibility to the investors that have placed their trust in our abilities to effectively manage the assets of AmbiCom on their behalf.
For more information, visit www.ambicom.com.
Safe Harbor Statement
This press release contains certain “forward-looking statements,” as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management’s current expectations. The economic, competitive, governmental, technological and other factors identified in the Company’s previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Bravatek Solutions, Inc.
Ambicom Holdings Inc