ITNS Signed Binding MOU With New Acquisition
(firmenpresse) - IRVINE, CA -- (Marketwire) -- 10/12/11 -- Itonis, Inc. (PINKSHEETS: ITNS) today announced that the Company has signed a binding Memorandum of Understanding with a newly acquired subsidiary, officially entering the scientific technology sector. This agreement is the result of many months of ongoing negotiations and due diligence, including the process of obtaining an independent valuation of the new acquisition by the EMCO / Hanover Group.
Since 1971, the EMCO / Hanover Group has concluded more than $3+ billion in financial transactions worldwide and have represented more than 1,000 separate corporate transactions.
"This new acquisition possesses revolutionary technologies that will expand the industrial and commercial frontiers for numerous and diverse manufacturing sectors, bringing futuristic scientific advancements to the manufacturing world along with tremendous and dramatic value to our shareholders," said Mark Cheung, Itonis CEO.
Complete details of the transaction are planned for public announcement within the next 30 days.
Itonis, Inc. was incorporated on July 5, 2005 originally under the name of Kenshou, Inc., and it now operates as a holding company and is undergoing a transformation in 2011 to embark upon an aggressive plan to acquire high growth entrepreneurial companies that have established or are expected to establish themselves as leaders and/or successful enterprises in various market niches.
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any changes in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
Itonis, Inc.
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Datum: 12.10.2011 - 14:15 Uhr
Sprache: Deutsch
News-ID 75351
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IRVINE, CA
Kategorie:
Mining & Metals
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