BEVERLY HILLS, Calif., April 30, 2018 /PRNewswire/ -- Universal Resources (the "Company"), formerly known as Global Immune Technologies, Inc. (OTC:GIMU), announced today that on April 20, 2018, it entered into a memorandum of understanding (the "MOU") with bacterras Inc. ("bacterras"), www.bacterras.com, of Montreal, Quebec, Canada.
Under the MOU, GIMU has the right to acquire up to a forty percent (40%) ownership interest in bacterras within six months of the signing of the MOU, and the Company will assist bacterras in its financing efforts.
Bacterras is an agri-technology company that has developed a bacterial-based nutrient supplement that both reduces methane emissions from dairy cattle and improves the quality of milk from treated cows.
In addition, on April 12, 2018, Mr. Christopher Petzel, one of the Company's directors and officers, resigned as a member of the Company's Board of Directors and as an officer of the Company.
The intention of bringing the Company back into compliance with its filing and reporting requirements remains with the Securities and Exchange Commission, FINRA, OTC Markets and the state of Nevada.
Additional information about the Company can be found in the Company's reports and filings at www.OTCMarkets.com.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's reports and filings at http://www.OTCMarkets.com.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
SOURCE Universal Resources