Thursday, August 27, 2015 7:26:58 PM
CENTENNIAL, CO -- August 27, 2015 -- InvestorsHub NewsWire -- AlumiFuel Power Corporation (OTCPink: AFPW) (AlumiFuel or the Company), and ByteSentinel Partners, LLC, a privately-held development-stage Texas-based Limited Liability Corporation (ByteSentinel), announced their entry into a non-binding Letter of
Intent (LOI) and are moving toward signing
a definitive agreement within the next 90 days.
Under the terms of the LOI, AlumiFuel will acquire 100% of the outstanding LLC interests in ByteSentinel in exchange for AlumiFuel common stock.
ByteSentinel is developing innovative cyber security solutions that make the world safe for businesses and consumers to exchange digital information. Their solutions are focused on delivering the latest, cutting edge and seamless integration of user and application authentication, and encryption to both mobile and non-mobile environments.
Closing of this transaction is subject to customary conditions including further due diligence by the parties, negotiation and execution of a definitive agreement and related documents, and satisfaction of any necessary, board of director, stockholder and LLC interest holder approvals.
FEATURED Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • Apr 22, 2024 8:49 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Kona Gold Beverages, Inc. Prepares for First Production Run Set to Launch May 17, 2024 • KGKG • Apr 22, 2024 8:30 AM
VPR Brands LP Reports Record Annual Financial Performance for Fiscal Year 2023 • VPRB • Apr 19, 2024 11:24 AM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM