Perpetual Industries (OTC: PRPI), in January 2021, completed the acquisition of Worldwide Group LLC, operating as Worldwide Auctioneers. A few months later, in April, the company took another critical step forward with the acquisition of AutoGrafic Software System. Both acquisitions were aimed at firmly establishing the company’s position in a multibillion-dollar classic car market. The purchase of Worldwide Auctioneers, a U.S.-based boutique auction company specializing in the sale and acquisition of classic vintage motorcars at auctions around the world, was against the backdrop of the significant potential of the U.S. classic car market, expected to grow at a CAGR of more than 7% from 2020 to 2023. AutoGrafic Software System, a software as a service (“SaaS”) and social application that utilizes cutting-edge technology to host many aspects of automotive promotion and preservation, targets global collector car and automotive enthusiasts. A recent article quotes PRPI CEO Brent Bedford as saying, “This acquisition provides another fundamental piece in our quickly expanding blockchain division. . . It will also greatly benefit Worldwide Auctioneers, our newly acquired wholly owned subsidiary, by bringing much-needed new technology and innovation to their customers and the collector car industry at large.”
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About Perpetual Industries Inc.
Incorporated in Nevada and based in Auburn, Indiana, Perpetual Industries is an incubator for the development of new and innovative energy-efficient technologies. The company’s mission is to “perpetuate industry” by bringing value-added technologies to market. PRPI’s core is a proprietary technology known as the XYO Mechanical Balancing Technology, designed specifically to dynamically eliminate vibration in rotating equipment to create energy-efficient, environmentally responsible products. The company is expanding its expertise and knowledge of energy-efficient technology by developing low-cost, green energy-powered solutions for a variety of industries while continuing its research, development, and commercialization of the XYO Technology in key applications. For more information about the company, please visit www.PerpetualIndustries.com.
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