The Company has been exploring the possibility of expanding its operations to include the purchase and installation of solar energy systems. We are currently negotiating with a San Diego, California based privately-held solar energy company for the purchase of a 300MW solar equipment installation contract pipeline (the “pipeline”) for homes, businesses and governmental organizations. For purposes of the purchase, the parties estimate the value of the pipeline at $3 million. We intend to purchase the pipeline with shares of our common stock.
Subsequent to purchasing the pipeline, we intend to hire a team of individuals who have experience with solar energy installation and solar equipment purchasing.
Our President is in the process of negotiating the final terms of a definitive asset purchase agreement, which he expects to be finalized before January 15, 2016. The Company anticipates that this new business opportunity will be beneficial to its shareholders.
My posts are only my opinion. I don't know the future. Please don't take my posts as investment decisions. You have to do your own Due Diligence and make your own investment choices.
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