Perpetual Industries Inc. (OTCPK:PRPI) entered into a non-binding letter of intent to acquire Worldwide Group, LLC for $0.13 million on July 3, 2019. In connection with the agreement, Perpetual Industries Inc. issued 2,000,000 shares of Perpetual’s Series B Preferred Stock valued at $200,000 as consideration. The acquisition is contingent on the parties entering into a Purchase Agreement at a later date. In connection with the non-binding letter of intent, Perpetual Industries Inc. agreed to loan Worldwide Group, LLC $0.15 million.