HUMBL Inc (HMBL)

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TSNP Announces termination of acquisition Discussions

Company announces termination of acquisition Discussions

Dec 14, 2015
OTC Disclosure & News Service

Wilton, CT -

Tesoro Enterprises, Inc. announces that it has terminated acquisition discussions of a potential Business Combination.

Wilton, CT – December 14, 2015 - Tesoro Enterprises, Inc. (OTC: TSNP)(“Tesoro”, “ Company”) announces that negations for the potential acquisition, mentioned in previous news releases, have ceased. The companies were not able to reach a mutually acceptable plan for integration. While the relationship between the two companies remains amicable, there are no further discussions planned.

Tesoro‘s CEO, Henry Boucher stated that “the Company is disappointed in the results of the protracted series of negotiations that had the potential to increase the corporate revenue base”. However, also he stated that the company will continue to search for the right partner who could take advantage of the Company’s Balance Sheet and enhance the Company’s valuation.

termination of acquisition Discussions