VGrab Communications Inc. Changes Its Name to "Duesenberg Technologies Inc."
Vancouver, British Columbia--(Newsfile Corp. - December 30, 2020) - Duesenberg Technologies Inc. (OTCQB: DUSYF) (the "Company") is pleased to announce that it has filed an amendment to its articles, changing its name from "VGrab Communications Inc." to "Duesenberg Technologies Inc." Effective December 30, 2020, the Company's ticker symbol has changed from VGRBF to DUSYF.
VGrab Incorporates Duesenberg Inc. for Business Expansion
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2020) - VGrab Communications Inc. (OTCQB: VGRBF) (the "Company" or "VGrab"), an OTCQB-listed issuer, is pleased to announce that on October 1, 2020, the Company incorporated Duesenberg Inc., a Nevada corporation in the United States of America, to undertake the development of Electric Vehicle (EV) using the Duesenberg brand. Duesenberg is a 107 years old well-known American iconic heritage brand in the automotive industry and the Company acquired the rights to use the name in 2018.
Duesenberg Inc., a wholly-owned subsidiary of VGrab, will handle the Company's business expansion into the Duesenberg EV (Electric Vehicles) starting with the joint development for integrations of the vehicle software system with advance leading developer and suppliers for various components into the vehicle.
The Company has begun negotiations on prospective financing with various parties, however there is no assurance that funding will be secured.
Duesenberg is a famed American brand founded in 1913 and known as a manufacturer of racing cars and high-end luxury automobiles. Duesenberg automobiles have been used as pace cars at The Indy 500 and won the French Grand Prix at Le Mans.
Recently, a 1935 Duesenberg SSJ sold for $22 million becoming the most expensive American car ever sold at auction.
More information will be disclosed in the next coming weeks.