NzingaNet announced that it has signed a letter of intent to issue common shares for gross proceeds of $10,360,000 with new investor PDX Partners, Inc. (OTCPK:PDXP) on March 19, 2018. The investor will acquire 20% stake in the transaction. As part of the round, member of PDX Partners, Inc. (OTCPK:PDXP) will join the company's board of directors.