Argus Worldwide Corp. (OTCPK:ARGW) entered into a memorandum of understanding to acquire 40% stake in Tejovat Technologies Pvt. Ltd. on April 16, 2018. It is anticipated that a definitive purchase agreement will be signed within 30-45 days. On July 24, 2018, an agreement was signed. The agreement gives terms and conditions that provide for Argus Worldwide Corp. to increase its stake to 100% stake in Tejovat Technologies Pvt. Ltd. over a 12-18 month period. The selling shareholders will receive stock position in Argus Worldwide Corp. Argus Worldwide appointed Santosh Labade, founder and Chief Executive Officer of Tejovat Technologies as Director, Technology. Santosh Labade has agreed to serve as a Board Member and Senior Executive at Argus Worldwide Corp.’s new technology enterprise. As of June 26, 2018, Argus Worldwide extends the closing of acquisition of Tejovat Technologies. Argus Worldwide Corp. (OTCPK:ARGW) completed the acquisition of 40% stake in Tejovat Technologies Pvt. Ltd. in July 2018.