Lot78, Inc. Corporate Update: Share Exchange Agreement, Name / Symbol Change
NEW YORK, Feb. 8, 2013 /PRNewswire/ -- Lot78, Inc. (the "Company"), is pleased to announce that the Financial Industry Regulatory Authority ("FINRA") has approved a change in the Company's name from Bold Energy, Inc. to Lot78, Inc. and a change to the Company's trading symbol from BOLD.OB to LOTE.OB.
The Company's corporate name change and symbol change result from the closing of a Share Exchange Agreement with Anio Limited, a limited liability company established under the laws of the United Kingdom, which conducts its primary line of business under the name Lot78, Inc. ("Lot78"), and the shareholders of Lot78, whereby the Company acquired 100% of the outstanding shares of common stock of Lot78 from the Lot78 shareholders and in exchange issued 30,954,388 (54.26%) restricted shares of its common stock to the Lot78 shareholders. The closing of the Share Exchange Agreement occurred on February 4, 2013.
As a result of the Share Exchange Agreement, Lot78 became a wholly owned subsidiary of the Company and the Company now carries on the business of Lot78 as its primary business.
About Lot78, Inc.
Lot78 is a trend-setting leader in the design, marketing, distribution and sale of urban apparel, retailing in six continents, including North America, Europe, Asia, Australia, Africa and South America. Lot78 has been featured in US Weekly, Elle Magazine, Financial Times, Harrods Magazine, The London Evening Standard, and Grazia Magazine as an emerging global brand.
Lot78, Inc. is quoted on the OTC Bulletin Board in the United States of America under the symbol LOTE.OB.
Fore more information, please visit www.lot78.com
Cautionary Note Regarding Forward-Looking Statements
The following discussion, in addition to the other information contained in this communication, should be considered carefully in evaluating our prospects. This communication (including without limitation the following factors that may affect operating results) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act") regarding us and our business, financial condition, results of operations and prospects. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this communication. Additionally, statements concerning future matters such as revenue projections, projected profitability, growth strategies, possible changes in legislation and other statements regarding matters that are not historical are forward-looking statements.
Forward-looking statements in this communication reflect the good faith judgment of our management and the statements are based on facts and factors, as we currently know them. Forward-looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, but are not limited to, those discussed in this communication. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication. We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this communication.
SOURCE Lot78, Inc.