ATLANTA, Oct. 18 /PRNewswire/ -- Retired U.S. Army Four-Star General Larry R. Ellis and his group of experienced professionals operating as Ellis Services and Solutions Enterprises, LLC ("ESSE") announce today that they have terminated their relationship with Xacore Inc. ("Xacore").
Since entering into a letter of intent on June 8, 2010, the parties have not been able to reach a formal agreement on mutually satisfactory terms and after due consideration, General Ellis and ESSE have concluded that they no longer wish to pursue a proposed partnership with Xacore relating to Xacore's noise protection DSP radio headset technology as previously announced in a press release, dated June 10, 2010. General Ellis and ESSE do not endorse, approve or otherwise express any opinion regarding any technology or product of Xacore because, among other reasons, ESSE has been unable to complete the necessary due diligence of Xacore to the satisfaction of General Ellis and ESSE.
ESSE will continue to examine strategic partnership opportunities to employ its expertise in defense consulting.
Ellis Services and Solutions Enterprises (ESSE) occupies a unique position in the world of defense consulting. Located in Atlanta, Georgia, the firm has provided guidance and insightful advice to clients in government and industry.
The strength of ESSE lies in its experience and network of productive and experienced associations. The contracting and procurement processes of the Department of Defense and United States Government are cumbersome, and confusing. The team is vastly familiar with the inner workings of the military and the federal government. ESSE knows how to work hard for its clients and can negotiate the halls of government and the world of business with ease. ESSE contact is Andrew Merchant at 770-458-3773.
SOURCE Ellis Services and Solutions Enterprises, LLC