Cemtrex Signs Letter of Intent to Acquire Virtual Reality Software Studio
Cemtrex Inc. (CETX)
Last cemtrex inc. earnings: 8/19 05:03 pm
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Source: GlobeNewswire
Farmingdale, NY, Nov. 06, 2017 (GLOBE NEWSWIRE) -- Cemtrex Inc., (NASDAQ: CETX, CETXP, CETXW) has signed a letter of intent to acquire a virtual reality software development studio headquartered in New York City. This virtual reality and software development studio has been in business since 2010, has a talented pool of over 30 programmers with experience in prototype development & interaction design with annual sales of over $1.5 million. The studio’s Augmented Reality (AR) and Virtual Reality (VR) software and solutions help its clients develop software for training simulations, building product prototypes, creating virtual customer experiences and gaming apps. The software studio also has widespread web, iOS, Android, and Windows software development capabilities. Mark Zuckerberg, CEO of Facebook, which acquired Oculus, a leading VR headset manufacturer, in a recent statement, has made an ambitious goal of obtaining a billion users in virtual reality. With a new $199 Ocul
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