Western Realty, Inc. to Acquire Control of Vital Products, Inc.
Press Release: Monday, July 11, 2016
Baltimore, MD--Western Realty, Inc. (“Western”) is pleased to announced the acquisition of control of Vital Products, Inc. (“Vital”) (VTPI).
Western and Vital jointly announced today that they have entered into a definitive agreement and plan of merger and reorganization (the “Agreement”). Under the terms of the Agreement, which has been approved by the boards of directors of both companies, Western will acquire a controlling position of the outstanding shares of Vital in a cash and stock transaction.
Western Realty is a private Maryland Company currently forming a REIT. Western intends to merge with Vital to become a publicly traded REIT. The acquisition is anticipated to close within 90 days.
About Western Realty
Western Realty is a private Maryland Company currently forming a REIT. Western intends to merge with Vital to become a publicly traded REIT. Western is headquartered in Reisterstown, MD
About Vital Products
Vital Products, Inc. operates as a business-to-business supplier of compatible printer ribbons. It also offers remanufactured and compatible laser and inkjet cartridges. The company was incorporated in 2005 and is headquartered in Laguna Woods, California. Its common stock trades on the OTCBB under the symbol “VTPI".
Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this news release. Such factors may include, but are not limited to: the ability to of the Company to continue to grow revenue; and the Company's ability to continue to achieve positive cash flow given the Company's existing and anticipated operating and other costs. Many of these risks and uncertainties are beyond the Company's control. Reference is made to the discussion of risk factors detailed in The Company's filings with the Securities and Exchange Commission including its reports on Form 10-K and 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
Investor Relations Contact
Surety Financial Group, LLC
Source: Western Realty, Inc.