11:07 AM EST - Softlab9 Technologies Inc. : Announced that it has finished negotiations and on October 16, 2020, it entered into a letter of intent for the acquisition of Kosan Medical Company Ltd. In conjunction with the signing of the LOI, the Company, in partnership with Kosan Medical now intends to begin sales of personal protective gowns and coveralls in Canada . Please refer to the Company's press release of October 19, 2020 for details on the proposed acquisition of Kosan Medical. Rahim Mohamed, CEO of SOFT said, "Partnering with Kosan Medical has allowed us to enter the PPE market in time to supply both federal and local customers with PPE in time for the winter and flu seasons. We anticipate the need for gowns to continue in the coming months and are equipped to supply a large portion of this demand with our existing supply agreements with our partners." Softlab9 Technologies Inc.
shares C.SOFT are trading off 1 cent at $0.63.
