Imperalis Holding Corp. Acquired Locate 1 Plus, Inc. and GPS Tracking Network
DALLAS, Sept. 10, 2014 /PRNewswire/ -- IMPERALIS HOLDING Corp. (IMHC.PK) announced the purchase of 100% of the common stock of Locate 1 Plus, Inc. Locate 1 Plus, a privately owned Nevada Corporation, with offices in Dallas, Texas, is a leading provider of GPS-based tracking and location services to consumers, commercial businesses and governmental entities, especially law enforcement units. The Locate 1 Plus also targets internet consumer sales and specializes in "Teen Tracking"; a personalized way for parents to monitor how, when, and where their kids drive.
Locate 1 Plus, Inc. acquired the operating assets of GPS Tracking Network, Inc. immediately prior to the sale to Imperalis Holding Corp. The acquisition of the combined businesses is effective June 1, 2014.
Randy Safford, Locate 1 Plus president said, "The merger will provide the new GPS tracking and management information service company better access to the investor and business communities to provide the necessary funding to accelerate our rapid growth."
About Imperalis Holding Corp.
Imperalis Holding Corp. is a holding company providing management consulting services, incorporated under the laws of the State of Nevada. Its shares are currently traded on the over the counter market and listed on the Pink Sheets under the symbol IMHC.
About LOCATE 1 PLUS, Inc.
Locate 1 Plus, Inc. is an internet-based vehicle tracking service provider to commercial vehicle operators and governmental agencies, especially law enforcement units, where its competitive products and services are proven to demonstrate a significant cost savings to its end users. The Company also targets internet consumer sales and specializes in "Teen Tracking"; a personalized way for parents to monitor, how, when and where kids drive.
For more information please visit www.Locate1Plus.com.
SAFE HARBOR STATEMENT
Safe Harbor Statement under the Private Securities litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations. As statements regarding future events concern management's estimates of future results of operations, and these estimates are based on many elements beyond management's control, differences from management's estimates may occur, and such difference may be material.
Although Imperalis Holding Corp. believes the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Imperalis Holding Corp. or any other person that the objective and plans of Imperalis Holding Corp. will be achieved.
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