CARLSBAD, Calif., April 16, 2015, /PRNewswire/ -- A1 Group, Inc.
(OTCQB: AWON) today announced that it has entered into a
non-binding letter-of-intent to acquire A1A Sod Sand & Soil,
Inc., a commercial landscape and agriculture business, catering to
the Florida Market to include Commercial Accounts with City,
County, State, Famous Landmarks and National Agriculture
Companies.
Under the terms of the LOI, A1 Group, Inc. through a "Definitive
Asset Purchase Agreement " will purchase all outstanding shares and
assets tangible and intangible of A1A Sod Sand & Soil, Inc.
that are used in, or necessary for the administration and operation
of the business.
Bruce Storrs, CEO of A1 Group,
Inc., said: "A1A Sod Sand & Soil, Inc. has been a growing
concern over the last 10 years, with its leases of 405 acres for
growing and harvesting their own materials along with Commercial
Accounts with City, County, State, Famous Landmarks and National
Agriculture Companies. We feel the acquisition of A1A Sod Sand and
Soil, will fit nicely with our plans for expansion in the rapidly
growing Medicinal Cannabis Market and position us for additional
Leases, Acquisitions and Joint Ventures for our Vapor
business."
The terms of the "Definitive Asset Purchase Agreement" and
consummation of the contemplated transaction are subject to legal
and confirmatory due diligence, board approval and the execution of
definitive agreements satisfactory to both parties.
About A1A Sod Sand & Soil, Inc.
Based in Miami, Florida, A1A
Sod Sand & Soil, Inc. established in 2004 is located on busy
Dixie Hwy ( US1) The primary business is located on 2.25 Acres of
frontage road. It currently has multiple commercial accounts, to
include City, State, County and Famous Landmarks. The Company has
Annual revenues of $4.9 Million.
Forward Looking Statement Disclaimer:
This press release contains forward-looking statements. Words
such as "expects", "intends", "believes", and similar expressions
reflecting something other than historical fact are intended to
identify forward-looking statements, but are not the exclusive
means of identifying such statements. These forward-looking
statements involve a number of risks and uncertainties, including
the timely development and market acceptance of products and
technologies, the ability to secure additional sources of finance,
the ability to reduce operating expenses, and other factors
described in the Company's filings with the Securities and Exchange
Commission and the OTC Markets Group. The actual results that the
Company achieves may differ materially from any forward-looking
statement due to such risks and uncertainties. The Company
undertakes no obligation to revise or update any forward-looking
statements in order to reflect events or circumstances that may
arise after the date of this release.
Investor Relations Contact:
Bruce Storrs
E-mail: info@a1vapors.com
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SOURCE A1 Group, Inc.
