Flashgate Acquires Provent Technologies Corporation

Provent has over 400 active EAS customers in Western Canada

SURREY, BC – Dec 19th, 2016 – Flashgate Technology Inc. is pleased to announce the completion of the acquisition of Provent Technologies Corporation, a leading provider of Electronic Article Surveillance (EAS) systems to retailers in Western Canada.

“This acquisition gives us over 400 retail customers to continue to sell EAS tags and systems to while at the same time giving us a warm customer list for deployments of our new Flashgate systems,” stated Greg Watkin, CEO of Flashgate. “Provent has all of the right attributes we were looking for in an acquisition target. They have a customer centric reputation, they have a large retail customer base, they sell and service tags and systems in both the RF and AM technologies and they are based in Vancouver. We expect this acquisition to be instantly accretive to our earnings.”

Provent will be maintained as a wholly owned operating subsidiary of Flashgate Technology Inc and will relocate to the Flashgate headquarters once their existing lease expires in early 2017. Provent will continue to focus on the sales and servicing of legacy EAS products for both new and existing customers while at the same time feed leads to the Flashgate business for the deployment of next generation Flashgate EAS/Digital Out Of Home networked systems. More information on Provent can be found at www.proventtechnology.ca

About Flashgate – Flashgate is transforming the entrance of retailers into analytics and digital signage portals. Flashgate has developed Patent Pending technology to combine RF and RFID product detection systems with advertising display screens and data collection technologies. The Company’s products are deployed at the front entrances of retailers across North America to deliver superior capabilities for retailers and leading product brands. Flashgate is leading the migration to a new way of doing business for the loss prevention, Digital Out Of Home advertising and customer data collection industries. For more information please visit www.flashgate.ca  

The information contained herein is subject to change without notice. Flashgate Technology Inc shall not be liable for technical or editorial errors or omissions contained herein.