SW China Imports, Inc. (SWCI) Announces LOI to Acquire Interest in Government Contractor
(firmenpresse) - ROCKVILLE, MD -- (Marketwired) -- 04/11/13 -- SW China (OTCQB: SWCI) is pleased to announce that is has entered into a Letter of Intent ("LOI") to acquire an interest in Absolute Protective Services, LLC, ("APS") a private security government contractor. Under the terms of the LOI, SWCI will purchase an equity stake of 20% to 50% of APS and will close the deal within 30-buisiness days upon successful completion of due diligence. APS is a small business founded by a sworn and licensed police officer working within the State of Maryland to provide private security services to federal, state, and local governments. APS has been awarded a state government contract to provide unarmed guard services protecting a government building for a 3-year term and has aggressive growth plans to obtain more governments contracts in the future.
The final terms of the acquisition will be negotiated and will involve issuance of preferred shares to APS in exchange for the equity stake. Seon Won, the President of SWCI stated that "In keeping with SWCI's pledge of non-dilution and no convertible share issuances, the preferred shares shall NOT be convertible into common shares of SWCI and will in no way affect the current authorized or outstanding common share structure." Seon Won added that Seon Won further stated,
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to the future anticipated direction of the beauty supply and/or hairpiece industry, plans for future expansion or acquisition, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and prospective dealings and joint venture projects. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of SW China.
Seon Won
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 11.04.2013 - 07:40 Uhr
Sprache: Deutsch
News-ID 1215577
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
ROCKVILLE, MD
Phone:
Kategorie:
Security
Anmerkungen:
Diese Pressemitteilung wurde bisher 208 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SW China Imports, Inc. (SWCI) Announces LOI to Acquire Interest in Government Contractor
"
steht unter der journalistisch-redaktionellen Verantwortung von
SW China Imports, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
