Elite Books Inc. Announces Corporate Name Change To Elite Group Inc.
Company's Shares Will Trade Under Same Ticker Symbol ELTZ with Focus on Acquisitions in Oil Field Service Sector
SILVER SPRING, MD / ACCESSWIRE / June 29, 2016 / Elite Books Inc. (OTC: ELTZ) today announced that the Company has initiated a corporate name change to Elite Group Inc. The Company, once receiving final approval on the name change by FINRA, will place a primary focus on the acquisition of oil field services including consolidating water processing assets in prolific oil and gas exploration areas (Primarily in the Eagle Ford and in the Permian Basin). Shares in Elite Group Inc. will trade under the existing ticker symbol "ELTZ" on the OTC electronic platform. The name change is part of the Company's transformation process to operate solely as a pure oil and gas services Company with future growth stemming from immediate acquisitions within regions based in the state of Texas.
"We are pleased to take this next step in moving our company and new business strategy forward. These changes should clearly signal to the marketplace that this is a new company focused on the oil and gas services sector with a meaningful revenue strategy through strategic acquisitions already being negotiated," said a company spokesperson.
For information regarding capitalization and corporate data, please make reference to www.otcmarkets.com under the symbol "ELTZ".
About Elite Group Inc.
Elite Group, Inc. (ELTZ) is a Nevada corporation established to acquire water properties for the oilfield service sector. ELITE Group, Inc. specializes in the acquisition of assets relating to the management of oilfield water used in upstream oil and gas operations. Management's objective is to acquire and consolidate water processing assets in prolific oil and gas exploration areas (Primarily in the Eagle Ford and in the Permian Basin). Management believes it will accomplish its goal to maximize shareholder value through strategic acquisitions, effective business model design and economies of scale to a fragmented industry. ELITE Group, Inc. will control the entire process from wellhead to the final destination and use the most environmental friendly practices in all aspects of our operations to protect and conserve the environment for future generations. More information about Elite Books Inc. and the new entity Elite Group Inc. can be found at www.EliteGroupEnergy.com.
This press release may contain forward-looking statements regarding Elite Books Inc. and its future events and results that involve inherent risks and uncertainties. The words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions, as they relate to Elite Books Inc. or its management, are intended to identify forward-looking statements. Important factors, many of which are beyond the control of Elite Books, could cause actual results to differ materially from those set forth in the forward-looking statements. They include Elite Book's ability to continue as a going concern, delays or unsuccessful results in clinical trials or flaws or defects regarding its product candidates, changes in relevant legislation or regulatory requirements, uncertainty of protection of Elite Book's intellectual property and Elite Book's continued ability to raise capital. Elite Book's does not assume any obligation to update any of these forward-looking statements.
Elite Group Inc.
SOURCE: Elite Group Inc.
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