August 6, 2018 - 3:23 PM EDT
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Bravatek Inks Binding Letter of Intent with Space City Energy Marketing

Austin, Texas, Aug. 06, 2018 (GLOBE NEWSWIRE) -- Bravatek Solutions, Inc. (OTC: Pink BVTK) is pleased to announce that Space City Energy Marketing has signed a binding Letter of Intent (LOI) for $1 Million USD. Bravatek/JV with DarkPulse, Inc. will provide products and services related to DarkPulse’s Erebus system-- advanced, fiber-based monitoring systems which uses advanced laser-based components, as well as includes other hardware and software that detects changes in the structural integrity of infrastructure at various critical infrastructure locations.

Michael Duvall, CEO of Space City Energy Marketing, stated: “When we connected with David Singer, Vice President of Sales for Bravatek, in June I knew the technology that he introduced to us would be of interest to our pipeline customer base. Gas pipelines are a critical transportation system and our clients are always concerned about safety and security. We have only introduced the technology to a very small percentage of our client base, yet the reception has been very positive and are confident this is just the beginning.”

Mr. Singer stated: “It has been a great experience working with Mike again, his contact list is amazing. It seems as if every week we are talking to new leads and we keep DarkPulse’s CTO, Mark Banash, very busy. In addition to the structural integrity of the pipelines, the refinery applications for security/intrusion detection is a bonus and something we are also pursuing together.”

“I have worked with David Singer for almost 20 years and he introduced a new, wireless, state-of-the-art solution to an international oil company, collecting data in real time that was enormously useful for safety and efficiency. I believe, as he does, that the DarkPulse Erebus system can play a critical positive role for major gas and oil pipelines worldwide,” Mr. Duvall concluded.

About Space City Energy Marketing

Energy consultants specializing in the management of natural gas and oil from the well head to the burner tip, from wholesale to a retail market, scheduling, balancing and transportation via pipelines, trucks, rail and barge. Consult and advise small to mid-size producer marketing companies on the buying and management of their natural gas yearly, monthly and daily requirements. Power Plant development renewable and non-renewable. Waste to Power projects, Solar and Wind. Logistics specialist for the midsize producer trying to achieve a better net-back.

For more information, visit www.spacecityventures.com

About Bravatek Solutions, Inc.

Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically advanced, cost-effective and reliable software, tools and system.

 For more information, visit https://bravatek.com

Safe Harbor Statement

This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. All statements other than statements of historical facts included in this news release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully develop and market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact: Paul Knopick

[email protected]

940.262.3584

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Source: GlobeNewswire (August 6, 2018 - 3:23 PM EDT)

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