I guess the company has until Nov. 28, 2008 to close recent LOI for florida based company? I dont see how Arne could sign an LOI with a company and not be aware of finding an avenue for financing this deal and limetruck, etc. I hope lol
WASHINGTON, Aug. 28, 2008 (GLOBE NEWSWIRE) -- Ariel Way, Inc. (OTC BB:AWYIE.OB - News) announced today that it has signed a Letter of Intent to acquire a Florida-based signage installation and manufacturing company. The deal is expected to be accretive to Ariel Way's 2008 earnings with strong EBITDA. The transaction, which is subject to the signing of definitive agreements and customary closing conditions in addition to satisfactory due diligence and financing arrangements, is expected to close within three months. The terms of the transaction were not disclosed.
