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Wednesday, March 12 2008 10:39 AM, EST
Encore Energy Systems to Be Acquired as Portfolio Company of Modern Technology Corp
PR Newswire "US Press Releases "
BRIGHTON, Mich., March 12 /PRNewswire-FirstCall/ -- Encore Energy Systems (Pink Sheets: ENCS) announced today it will be acquired by Modern Technology Corp (Pink Sheets: MODC).
The terms include an offer to existing Encore shareholders of not less than $0.01 (One Cent) per share paid in a combination of MODC Common Stock or MODC Convertible Preferred Stock at the stockholders' option. Stockholders are not required to sell any shares and will not lose their ownership interest in Encore.
The acquisition of Encore intends to facilitate investment for growth and build shareholder equity in preparation for a subsequent spin-off or sale of Encore.
MODC intends to further build Encore's operations, revenue, shareholder equity, and increase the distribution of its grey-water patent and related systems.
Encore and MODC are actively communicating with various potential merger partners to increase stockholder equity through a revenue and asset enhancing business combination. The companies will release updates on the planned business combination soon.
Encore Energy or Energy Vision International Stockholders who wish to redeem their stock or have further questions must email their stockholder information to shares@encoreenergyinc.com
About Encore Energy
Encore Energy owns the patents for the use of grey-water, and domestic water in heat exchanger systems. They also provide all forms of conventional geothermal heat exchange systems. See video at http://www.encoreenergyinc.com.
About Modern Technology Corp
Modern Technology Corp is a specialized holding company focusing on the purchase of convertible debt instruments and majority control of public companies for execution of a 'turn-around' strategy and subsequent spin-off. The company's web address is: http://www.moderntechnologycorp.com
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's web-site version of this press release contains various RISK FACTORS (and are incorporated herein by reference) and should be read before any investment decision.
Investor Relations:
Contact: Encore Energy Systems, Inc.
Investor Relations
1-888-234-0963
info@encoreenergyinc.com
Encore Energy Systems to Be Acquired as Portfolio Company of Modern Technology Corp
PR Newswire "US Press Releases "
BRIGHTON, Mich., March 12 /PRNewswire-FirstCall/ -- Encore Energy Systems (Pink Sheets: ENCS) announced today it will be acquired by Modern Technology Corp (Pink Sheets: MODC).
The terms include an offer to existing Encore shareholders of not less than $0.01 (One Cent) per share paid in a combination of MODC Common Stock or MODC Convertible Preferred Stock at the stockholders' option. Stockholders are not required to sell any shares and will not lose their ownership interest in Encore.
The acquisition of Encore intends to facilitate investment for growth and build shareholder equity in preparation for a subsequent spin-off or sale of Encore.
MODC intends to further build Encore's operations, revenue, shareholder equity, and increase the distribution of its grey-water patent and related systems.
Encore and MODC are actively communicating with various potential merger partners to increase stockholder equity through a revenue and asset enhancing business combination. The companies will release updates on the planned business combination soon.
Encore Energy or Energy Vision International Stockholders who wish to redeem their stock or have further questions must email their stockholder information to shares@encoreenergyinc.com
About Encore Energy
Encore Energy owns the patents for the use of grey-water, and domestic water in heat exchanger systems. They also provide all forms of conventional geothermal heat exchange systems. See video at http://www.encoreenergyinc.com.
About Modern Technology Corp
Modern Technology Corp is a specialized holding company focusing on the purchase of convertible debt instruments and majority control of public companies for execution of a 'turn-around' strategy and subsequent spin-off. The company's web address is: http://www.moderntechnologycorp.com
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's web-site version of this press release contains various RISK FACTORS (and are incorporated herein by reference) and should be read before any investment decision.
Investor Relations:
Contact: Encore Energy Systems, Inc.
Investor Relations
1-888-234-0963
info@encoreenergyinc.com
الأرستقراطي
عضو نشط
السهم حقق الهدف ،،، يعني راحت علي ،،،
دورة المؤشرنت للتحليل الفني
50 دينار كويتي