HENDERSON, NV, April 14 /PRNewswire-FirstCall/ - VECTr Systems, Inc. (VECT; http://www.vectrsystemscorp.com) is pleased to announce that it has secured a serious candidate following the Shareholder and Business Expo Conference, discussions' with a China based Petro Chemical Company continue. This company enjoys gross annual revenues in range of several million USD and profits in range of couple million USD. Spearheading the merger is the CEO of LandStar Inc Mr. Lee Congtang (LDSR) http://www.landstarcorp.com) who has been hard at work for several months working to make this merger a reality.
For reference purposes only, the targeted merger company is a supplier to LandStar. LandStar operating subsidiary Hubei Chuguan Technology Co. Ltd. manufactures Vapor Recovery Units for the Chinese petrochemical industry, minimizing petrochemical evaporation that occurs during the transfer of volatile petrochemical fluids. Under the merger - amalgamation arrangement LDSR intends to acquire a majority position in VECTr Systems, Inc. (Approximately 15%).
Following this power-merger - amalgamation and in order to complete the transaction, VECT completed a recapitalization to 880 million shares. Approximately 500 million restricted shares will be used up for the merger. The recapitalization documents will shortly be uploaded to the http://www.vectrsystemscorp.com web site.
A source close to the company stated, "The LDSR connection offers a tremendous opportunity for the VECTr Systems. The VECT will absorb 100% of the China Petro Chemical Company operating company. This will give VECT a solid business model and strong assets. Along with a strong business we will develop a strong parent and subsidiary company to work with and succeed on the market. This structure will assure strong business and stability for VECT, turning us into a profitable company that can deliver to its investors.
Shortly, VECT will release the identity of the targeted merger company, news release the details or the LOI of the merger, begin updating the VECT web site, and start appointing new officers and directors to its board from China to name a few.
The company is anticipating completing all of the above within the next 30 to 45 days where a formal merger announcement will be made from China from the operational head office"
The company reminds our shareholders and followers to monitor PinkSheets.com Filing Section and also our IR company web site section "PRESS RELEASES AND FILINGS" TAB http://www.minamargroup.net/ for non news worthy corporate updates.
For any matters relating to retail investor queries or to send IR or the company a message please click on the "INVESTOR SUPPORT" TAB or this direct link http://www.minamargroup.net/helpdesk.
Don't be a victim. Report a stock basher. The company is mindful that short sellers, the company competitors and stock bashers stalk small cap Pink Sheets listed companies with hidden agendas. Visit http://www.stockbasher.com/ and find out what criminal and civil actions the US authorities are taking against web sites like investorshub.com and other posters, and the remedies available to you as an individual investor.
Filings for this event are currently being reviewed and will be filed with Pink Sheets and Client Support Section in due course. To be included in company's email database for press releases, industry updates, and non-weekly activity at the company that may or may not be news released, please subscribe or opt in mailer at http://www.minamargroup.com/updates.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of VECTr Systems, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. VECTr Systems, Inc. cautions you that any forward-looking information provided by or on behalf of VECTr Systems, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. VECTr Systems, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond VECTr Systems, Inc.'s control. In addition to those discussed in VECTr Systems, Inc.'s press releases, public filings, and statements by VECTr Systems, Inc.'s management, including, but not limited to, VECTr Systems, Inc.'s estimate of the sufficiency of its existing capital resources, VECTr Systems, Inc.'s ability to raise additional capital to fund future operations, VECTr Systems, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match VECTr Systems, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. VECTr Systems, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
SOURCE VECTr Systems, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article