mLight Tech Clarifies Details Regarding Finalization of Agreement to Acquire The Ding King Training Institute
(firmenpresse) - COSTA MESA, CA -- (Marketwired) -- 08/30/13 -- mLight Tech, Inc., a fully reporting Florida based corporation (OTCQB: MLGT), announced today that it has made considerable progress on the acquisition of The Ding King Training Institute, Inc. and will complete the transaction once the audited financials for DKTI, Inc. are completed. On August 14, 2013 mLight Tech, Inc. announced the signing of a binding Letter of Intent to acquire 100% of the stock of The Ding King Training Institute, Inc.
Under the terms of the proposed agreement, The Ding King will become the wholly owned operating subsidiary of mLight Tech and mLight Tech will be the reporting parent company.
Todd Sudeck is the CEO of both companies and has corporate authorization to finalize the agreement for both entities; therefore, the acquisition will take place upon completion and delivery of the audited financials.
ABOUT DING KING
The Ding King Training Institute is a Bureau for Private Postsecondary Education (BPPE) approved institution, and has been certified to meet the minimum standards established by the Bureau for integrity, financial stability, and educational quality, including the offering of bona fide instruction by qualified faculty and the appropriate assessment of students' achievement prior to, during, and at the end of its training programs.
The Ding King Training Institute teaches Paintless Dent Repair and other Automotive Appearance Programs. Ding King's Paintless Dent Repair Tools are distributed on over 3,000 Snap-On Tool Trucks nationwide and its do-it-yourself dent repair kit called Ding King was marketed on television and sold at major retailers across the United States.
mLight Tech, Inc. (OTCQB: MLGT) trades on OTCQB, the venture state marketplace for companies that are current in their reporting with a U.S. regulator (SEC, bank, insurance).
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of mLight Tech, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact:
Todd Sudeck
CEO
mLight Tech, Inc.
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Datum: 30.08.2013 - 14:01 Uhr
Sprache: Deutsch
News-ID 1259522
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