ProText Mobility, Inc. (OTCPK:TXTM) signed a letter of intent to acquire 60% in Growprocess, Inc. on January 19, 2018. The consideration involves issuance of 5000 shares of Series D Preferred stock with an additional 0.03 million shares of Series D Preferred Stock payable based on certain milestones being met by Growprocess. ProText Mobility, Inc. has an option to acquire the remaining 40% during the first six months after closing for an additional $0.1 million payable in cash or its equivalent in either preferred or restricted common stock. The transaction is expected to close by end of January, 2018.