GeoTraq Inc. (OTCPK:GTRQ) entered into a letter of intent to acquire Ci2i Services, Inc. and OmniM2M LLC for $10.8 million in stock on July 24, 2015. Under the terms of the agreement, GeoTraq will issue to the shareholders of OmniM2M and Ci2i a total of 120 million common shares. Both OmniM2M and Ci2i had combined gross revenues of over $1 million in 2014. Gregg Sullivan, Chief Executive Officer of GeoTraq will continue in his role as Chief Executive Officer. As a major shareholder, Ajay Sikka, Chief Executive Officer of both OmniM2M and Ci2i, will join the Board of Directors. The acquisition will close pending satisfactory due diligence, final acquisition agreement and Board approval. The acquisition will create immediate additional revenues to GeoTraq from existing OmniM2M and Ci2i contracts, and significantly increase GeoTraq's bottom line and overall shareholder value. Peter DiChiara of Sichenzia Ross Friedman Ference LLP acted as legal advisor to GeoTraq Inc.

GeoTraq Inc. (OTCPK:GTRQ) terminated the acquisition of Ci2i Services, Inc. and OmniM2M LLC on August 11, 2015.