TOLLAND, Conn., May 2, 2017 /PRNewswire/ -- Lot 78, Inc. (OTCPink: LOTE), announces that its Juice Bar Electric Vehicle Charger (www.juicebarev.com) has completed installations in 19 states and 68 cities across the United States.
LOTE CEO David Schmid, "We have chosen Juice Bar Electric Vehicle Charging Stations as an acquisition in part because of its strategic geographical footprint of market penetration. We believe that this experience and proven track record across the United States will allow us to not only raise capital to fuel the company's growth, but also allow us to execute our robust growth plans."
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.