2050 MOTORS, INC. (OTCMKTS:ETFM) Files An 8-K Other Events

2050 MOTORS, INC. (OTCMKTS:ETFM) Files An 8-K Other Events
ITEM 8.01 Other Events

On August 19, 2019, 2050 Motors, Inc. approved the creation of a streaming business based on a Linux PC-on-a-stick (i.e., dongle) similar to those currently offered by ROKU, Amazon, and Google and planned by Apple this fall. The Company is currently in discussions with its programming group in India, MarkUp Designs Ltd., which is coding its social network www.Kanab.Club, and interviewing consultants in the USA to act as project managers for the design, build and testing of the platform. 2050 believes there is a substantial opportunity to proliferate its own dongle solution with a basket of streaming content targeting customers of its social network as well as users who prefer a stand-alone streaming solution. The total cost of the development and time to launch are currently being analyzed but expected to be reasonable and quick, which management believes are critical for success as today’s streaming wars environment rapidly evolves.


Story continues below

2050 Motors, Inc. is a development-stage company. The Company’s principal activity is the importation and the marketing and selling of electric automobiles. The Company has an exclusive license to import, market and sell in the United States, Puerto Rico, the United States Territories and Peru, the e-Go lightweight carbon fiber all-electric vehicle design and electric light truck, manufactured by Jiangsu Aoxin New Energy Automobile Co., LTD (Aoxin Automobile) located in the Peoples Republic of China. Aoxin Automobile develops and manufactures a lightweight, carbon fiber e-Go EV electric car (e-Go EV). The Company focuses on importing vehicles completely fabricated and assembled in China from Aoxin Automobile. The Company has not generated any revenues.

An ad to help with our costs