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Sunday, April 18, 2021

SRAX RM Sparks Force Protection Video Equipment Corp (OTCMKTS: FPVD)

Force Protection Video Equipment Corp (OTCMKTS: FPVD) is on a rapid rise northbound after SRAX, Inc. (ticker: SRAX), reported its BIGtoken platform will become a separate publicly traded company. SRAX has entered into a definitive share exchange agreement with Force Protection Video Equipment Corp (FPVD), whereby SRAX will transfer all of the outstanding equity of BIGtoken in exchange for 88.9% of the issued and outstanding shares of FPVD, subject to certain closing conditions.

The separation of BIGtoken as a company will enable SRAX to benefit from the potential upside of the BIGtoken platform while reducing SRAX’s costs and focusing management’s resources on the success and future profitability of Sequire. SRAX’s CEO Christopher Miglino will remain at SRAX to lead SRAX and the Sequire team, while also serving as chairman of the new entity. Mr. Miglino stated: “BIGtoken has experienced wide adoption from some of the largest marketers in the world and is ready to be on its own. This move will allow SRAX to stay laser focused on the rapid growth of the Sequire platform. Our focus is to get SRAX to profitability and this move, combined with our significant growth in Sequire, gets us much closer.”

Force Protection Video Equipment Corp (OTCMKTS: FPVD) is in the business of selling video and audio capture devices initially targeted to law enforcement agencies. The Company’s products include the LE10, a small bodied, high definition (HD) camera which is half the size and half the price of most law enforcement cameras currently available. The Company is led by Paul Feldman, our Chief Executive Officer, President and Director who has significant experience in the development and commercialization of security and surveillance related products. Patent technologies previously developed by Mr. Feldman include U.S. Patent Number 7,631,601 Surveillance Projectile and U.S. Patent Number 2006/0283,345 Surveillance Projectile. FPVD customers include the federal government and more than twenty-five thousand (25,000) state and local law enforcement agencies.

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FPVD

BIGtoken, built by SRAX (SRAX), is a consumer data management and distribution system. BIG is the first consumer managed data marketplace where people can own and earn from their data. Through a secure blockchain platform and open source governance structure, BIG provides everyone in the Internet ecosystem choice, transparency and compensation to manage and access verified data. Participating consumers earn rewards, and developers are able to build online experiences on top of the BIG Platform. The system also provides advertisers and media companies access to transparent, verified consumer data to better reach and serve audiences. SRAX’s BIG Platform improves the online experience for all interested parties. The Company behind BIGToken is SRAX, a financial technology company that unlocks data and insights for publicly traded companies. Through its premier investor intelligence and communications platform, Sequire, companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels.

SRAX entered into a definitive share exchange agreement with Force Protection Video Equipment Corp (FPVD), whereby SRAX will transfer all of the outstanding equity of BIGtoken in exchange for 88.9% of the issued and outstanding shares of FPVD, subject to certain closing conditions. The separation of BIGtoken as a company will enable SRAX to benefit from the potential upside of the BIGtoken platform while reducing SRAX’s costs and focusing management’s resources on the success and future profitability of Sequire. SRAX’s CEO Christopher Miglino will remain at SRAX to lead SRAX and the Sequire team, while also serving as chairman of the new entity.

Mr. Miglino stated: “BIGtoken has experienced wide adoption from some of the largest marketers in the world and is ready to be on its own. This move will allow SRAX to stay laser focused on the rapid growth of the Sequire platform. Our focus is to get SRAX to profitability and this move, combined with our significant growth in Sequire, gets us much closer.”

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FPVD is on a rapid rise northbound after SRAX, Inc. reported its BIGtoken platform will become a separate publicly traded company. SRAX has entered into a definitive share exchange agreement with Force Protection Video Equipment Corp (FPVD), whereby SRAX will transfer all of the outstanding equity of BIGtoken in exchange for 88.9% of the issued and outstanding shares of FPVD, subject to certain closing conditions. The separation of BIGtoken as a company will enable SRAX to benefit from the potential upside of the BIGtoken platform while reducing SRAX’s costs and focusing management’s resources on the success and future profitability of Sequire. SRAX’s CEO Christopher Miglino will remain at SRAX to lead SRAX and the Sequire team, while also serving as chairman of the new entity. Microcapdaily will continue to cover FPVD as we have for years. We will be updating on FPVD when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with FPVD.

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Disclosure: we hold no position in FPVD either long or short and we have not been compensated for this article.

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