Quarta-Rad, Inc. acquired Sellavir Inc. from Victor Shvetsky for $0.17 million.
December 21, 2020
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Quarta-Rad, Inc. (OTCPK:QURT) acquired Sellavir Inc. from Victor Shvetsky for $0.17 million on December 16, 2020. The consideration includes issuance of 0.33 million shares of common stock of Quarta-Rad, Inc. in exchange for 15 million shares of capital stock of Sellavir. The transaction is subject to certificates representing the Sellavir shares duly endorsed for transfer and conveyance to Quarta-Rad, a corporate resolution of the Board of Directors and stockholders of Sellavir approving the transaction, resignation of Sellavir officer and directors and third party approvals.
Quarta-Rad, Inc. (OTCPK:QURT) completed the acquisition of Sellavir Inc. from Victor Shvetsky on December 16, 2020.
Quarta-Rad, Inc. is a manufacturer and distributor of radioactivity detection equipment and air quality measurement instruments. Its products include a range of handheld radioactivity measurement devices, radon detection equipment and smartphone-based applications. It operates through two segments: Quarta-Rad and Sellavir. Its products include Radiation Detection Equipment, Radon Detection Equipment, EMI Detection Equipment, and Light and brightness Detection Equipment. Its Radiation Detection Equipment includes RADEX RD1503, RADEX RD1706, RADEX RD1008, RADEX RD1212, RADEX RD1212-BT and RADEX RD ONE. Its Radon Detection Equipment includes RADEX M107. Its EMI Detection Equipment includes RADEX EMI50. Its subsidiary includes Sellavir, Inc., an artificial intelligence (AI) company that leverages its knowledge in neural networks to provide customized AI and development services to its clients. Its services are focused on offering customized solutions for image processing.
QUARTA-RAD, INC. 
