Sebastian River Holdings, Inc. SignsLetter of Intent to Acquire Novacab, Inc.; Appoint New Management
2013年8月5日 - 7:48PM
OTC Markets
Sebastian River Holdings, Inc. (USOTC: SBRH) is pleased to announce
that it has signed an agreement with Untex Management, Ltd., to
acquire controlling interest in Novacab, Inc. (www.novacab.ca), an
innovative energy tech company involved in a state-of-the-art
thermal battery technology currently servicing contracts for IBM,
Honeywell, Gaz Metro Plus, Siemens, Montreal Stock Exchange Tower,
Transport Canada and L'Oreal, to name but a few.
"We feel this is a tremendous win for all involved," states
SBRH Director, Peter Matousek. "This is a seasoned company
with active contracts and negotiations that should command
significant shareholder value upon execution of the merger."
Current officers and directors have agreed to resign allowing
Novacab and their assigns to appoint new officers and directors
alongside management to best effect their business plan toward
long-term growth.
Novacab will be purchased with a combination of restricted common
shares, preferred shares and the assignment of debt of Sebastian
River Holdings, Inc. Execs from both companies are confident
the merger can be completed in August, 2013.
More updates to come upon finalization of the agreement.
SAFE HARBOR
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. These
forward-looking statements are based on the current plans and
expectations of management and are subject to a number of
uncertainties and risks that could significantly affect the
company's current plans and expectations, as well as future results
of operations and financial condition. A more extensive
listing of risks and factors that may affect the company's business
prospects and cause actual results to differ materially from those
described in the forward-looking statements can be found in the
reports and other documents filed by the company with the
Securities and Exchange Commission and /or OTC Markets Disclosure
and News Service. The company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
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