Flitways Technology Inc. (OTCPK:FTWS) entered into letter of intent to acquire assets of Magellan One Inc for $0.23 million on November 21, 2019. The transaction is for acquisition of name, logo and other assets of Magellan One Inc. The Flitways Technology will also assume the Jet leases as well as lease for the telephone system of Magellan. If the transaction has not taken place by or before December 4, 2019 then the letter of intent shall be deemed null and void from the date of expiration of such period.