Evader, Inc. (EVDR) Corporate Update and Guidance: Sale of Avtar Singh Construction and Future Plans
(firmenpresse) - HENDERSON, NEVADA -- (Marketwire) -- 01/13/12 -- Evader, Inc. (PINKSHEETS: EVDR) () management announces that Avtar Singh Construction will be sold to an Indian Group, and provides guidance into the future of the company. EVDR management is of the opinion that this is a material event that requires an announcement to its followers.
An unnamed Indian Business Group has showed interest in the profitable venture that is the India-based Avtar Singh Construction. Evader, Inc. management is currently proceeding with the sale of this entity. The sale should finalize shortly. The stock issued to Avtar Singh Construction shall return to back to treasury and remain there reserved for the potential future acquisitions. EVDR management believes that ASCC intends to file and list the Delhi India market.
Further, as the North American markets continue to become increasingly skeptical towards offshore acquisitions, the EVDR management welcomes this opportunity to profit from the sale, shift the company focus, and start seeking a more suitable merger candidate. The management launched search for a suitable merger candidate in North America to cater the market's and the investors' interests.
In other company news and events; The Company will name new directors and officers shortly. As the Company is not a subscriber to OTC Markets web site its filings will be made available at .
More details will follow.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Evader, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Evader, Inc. cautions you that any forward-looking information provided by or on behalf of Evader, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Evader, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Evader, Inc.'s control. In addition to those discussed in Evader, Inc.'s press releases, public filings, and statements by Evader, Inc.'s management, including, but not limited to, Evader, Inc.'s estimate of the sufficiency of its existing capital resources, Evader, Inc.'s ability to raise additional capital to fund future operations, Evader, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Evader, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Evader, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Source: Fortune Oil & Gas, Inc.
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Datum: 13.01.2012 - 14:45 Uhr
Sprache: Deutsch
News-ID 1072856
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