TOLLAND, Conn., May 10, 2017 /PRNewswire/ -- Lot 78, Inc. (OTCPink: LOTE), announces that it is current on OTC Markets.
The recent yield sign was due to an oversight and change in legal counsel that the company undertook. During this legal counsel transition, the company filed its 2016 Annual Disclosure Statement on time and in accordance with OTC Market rules regarding financial disclosure but forgot to file its new attorney's Opinion Letter regarding current public information.
ABOUT LOT 78, INC. The Company was incorporated in the State of Nevada on June 27, 2008. On March 14, 2011, the Company filed a Certificate of Amendment with the Secretary of State of Nevada changing the name of the Company to "Bold Energy, Inc." On November 12, 2012, the Company, then under the name Bold Energy, Inc., entered into a Share Exchange Agreement with Anio Limited a limited liability company established under the laws of the United Kingdom ("Anio Ltd."), which conducts its primary line of business under the name Lot78, Inc., the shareholders of Anio Ltd., and the controlling stockholders of the Company. The company changed names to Lot78, Inc. on January 31, 2013. On July 15, 2016, the Company entered into a Letter of Intent to merge with Compound Holdings, LLC, a Connecticut limited liability company. Subsequently, on July 18, 2016, the Company and Compound Holdings LLC entered into a definitive Agreement and Plan of Merger. Pursuant to the plan of merger, upon closing, the Company intends to change its name to Compound Holdings, Inc.
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SOURCE Lot 78, Inc.