Monday, August 18, 2014 10:08:09 PM
There remains, as of the end of Q2 2014, one company with which we have continued conversation
regarding a merger or acquisition. This company has existing sales, inventory, multiple patents, vehicles
in existence and in development, and manufacturing facilities. At the present time, EMOT continues its
intention of forming a Joint Venture with this company. In broad outline, EMOT will provide capital,
marketing, advertising, sales and distribution assistance, in return for co-branding and co-profitability on
the line of vehicles that can thereby be brought to serial production.
EMOT expected to begin its Joint Venture with this company within fiscal year 2013. EMOT fully
understood that this was a forward-looking statement, which we had made each Quarter for the last three
quarters. Economic conditions, and extraneous matters not related to the corporation have delayed the
finalization of the Joint Venture past Q2 of 2014. In the fact of repeated setbacks, management remains
hopeful entering Q3 of 2014.
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