Echelon Brands, LTD Updates Shareholders on Recent Corporate Activity
2008年12月19日 - 1:26AM
ビジネスワイヤ(英語)
Echelon Brands, Ltd., (Pink Sheets: ICTY) formerly known as
Eyecity.com, Inc., is releasing to the public information regarding
the recent Corporate changes. On Monday December 15th, a statement
was released appointing Mr. Bradley Wilson as the new CEO. Soon
after that release on Wednesday the 17th, another release was
issued stating a Letter of Intent has been signed to purchase a
viable company named �Sports Radio Broadcast, Inc.� a fully
licensed NFL broadcasting network. www.sportsradiobroacast.com
Company officials would like clarify the details pertaining to the
Letter of Intent. The purpose of the LOI is for both parties to
perform their Due-Diligence into each set of corporate books and
get an understanding of the capital structure of each organization.
Synergies between both companies have allowed this somewhat timely
task to be streamlined into an efficient process, thus providing
for the immediate signatures on the LOI by both parties. One of the
key topics of discussion in the public sector seems to be the
transfer of company from Mr. James Brola to Mr. Bradley Wilson. A
Corporate Resolution is filed in the corporate book confirming that
100% of the Preferred, Series A Convertible stock has been
transferred to Mr. Bradley Wilson giving him the control block
needed to run the company as needed. Mr. Brola eloquently
surrendered all of his stock with the company and the shareholders
in mind. Reasoning behind the total transfer of shares comes from a
notes payable from an un-disclosed party that now has complete
satisfaction of debt. With regards to any type of reverse merger,
nothing has taken place as of today. The due-diligence process will
determine if a reverse merger, stock purchase agreement, or simply
a merger between the two organizations is the most suitable. Mr.
Wilson did state, �I appreciate all of the influx of calls and I
hope to answer all of inquires in a timely manner. I�m looking
forward to a successful transition and a promising New Year.� ABOUT
SPORTS RADIO BROADCAST, INC.
http://www.sportsradiobroadcast.com/about.html Safe Harbor This
release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Statements
contained in this release that are not historical facts may be
deemed to be forward-looking statements. Investors are cautioned
that forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approvals for anticipated actions.
Eyecity Com (PK) (USOTC:ICTY)
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