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Sibannac Inc. (SNNC)

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Last Post: 12/13/2017 6:25:32 PM - Followers: 8 - Board type: Free - Posts Today: 0

  
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

 

Global Air Cylinder Wheel, LLC

 

On December 1, 2017, Sibannac, Inc., a Nevada corporation ( “Company” ) and Global Air Cylinder Wheel, LLC, an Arizona Limited Liability Company (“GACW”), entered into a Letter of Intent (the “LOI”) wherein the Company will acquire a one-third interest of GACW, subject to the terms of a definitive agreement currently being negotiated between the parties. The parties are conducting due diligence with an anticipated closing date of January 15, 2018.

 

GACW, through its managing member, Dr. Zoltan Kemedy, Ph.D, has developed and patented an Air Suspension Wheel, which replaces the need for conventional air-filled tires in vehicles in the mining, forestry, agriculture and construction industries, in addition to numerous military applications ( US Pat. 9,399,370).

 

The Air Cylinder Wheel contains an internal system of shock absorbing cylinders which provide the suspension normally provided by conventional air-filled tires. Due to harsh conditions in mining and similar industries, air-filled rubber tires may last only 6-8 months and large tires can cost the operator $100,000 each. The Air Cylinder Wheel has a life expectancy of 20 years and can reduce the overall cost of rubber tires by as much as 80%.

 

In addition to dramatic direct cost savings, the Air Cylinder Wheel reduces shipping and storage costs, as well as almost eliminating downtime. The Wheel also eliminates the cost of disposal, whether by burning or in on-site landfills, and as the Wheel is 100% recyclable after a 20 year life expectancy, it does not have any negative environmental impact.

 

The Air Cylinder Wheel has been demonstrated to more than twenty mining companies in South Africa over the last two months and sales agreements are being pursued currently. The Company intends on manufacturing and outfitting a series of vehicles with the Air Cylinder Wheel for demonstration and sales located in the United States. Manufacturing agreements are in place to fabricate the Air Cylinder Wheel with leading companies in the industry and the internal cylinders are also sourced from leading manufacturers. As a result, there is no need to establish any manufacturing capabilities and orders can be fulfilled between 30 and 60 days, depending on wheel size, which can be up to 13 feet in diameter.






                                 
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SNNC News: Quarterly Report (10-q) 12/11/2017 08:20:52 AM
SNNC News: Current Report Filing (8-k) 12/04/2017 05:07:07 PM
SNNC News: Quarterly Report (10-q) 09/15/2017 01:42:16 PM
SNNC News: Current Report Filing (8-k) 07/06/2017 05:14:41 PM
SNNC News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 01/18/2017 06:06:12 AM
PostSubject
#79   I wonder if Mersky will provide an 8K, agribusiness72 12/13/17 06:25:32 PM
#78   Deal terminated by BVTK: See their 8K agribusiness72 12/13/17 05:33:14 PM
#77   Damn, I have never seen a 30% discount I-Glow 12/11/17 01:38:23 PM
#76   Here we go Mersky and a 10Q "thru agribusiness72 12/11/17 10:35:39 AM
#75   Read the DD about Mersky before getting involved I-Glow 12/09/17 09:26:05 PM
#74   Just going by the company’s own disclosures. TenKay 12/06/17 11:11:53 AM
#73   Perhaps, if those were the facts. However the MoreMoneyThanGod 12/06/17 11:06:53 AM
#72   If he owns 43 million of the 60 TenKay 12/06/17 10:41:06 AM
#71   That is impossible - in June the company I-Glow 12/05/17 08:03:43 PM
#70   As the links indicate it was accurate as MoreMoneyThanGod 12/05/17 05:01:26 PM
#69   The A/S and O/S are accurate as of MoreMoneyThanGod 12/05/17 04:52:03 PM
#68   The O/S of 60 million can't be accurate I-Glow 12/05/17 04:27:01 PM
#67   Authorized Shares as of 7/14/2017 110 Million SNNC MoreMoneyThanGod 12/05/17 09:06:06 AM
#66   Mersky not wasting any time. The new pump agribusiness72 12/04/17 07:01:31 PM
#65   Curriculum Vitae Zoltan A. Kemeny, PhD MoreMoneyThanGod 12/04/17 05:50:02 PM
#64   Do they have any debt. SNNC MoreMoneyThanGod 12/04/17 05:46:16 PM
#63   The 8k says Kemedy.....isn't it Kemeny? vintonm 12/04/17 05:46:06 PM
#62   Wondering if anyone has a current A/S and MoreMoneyThanGod 12/04/17 05:44:49 PM
#61   Has anyone seen this invention in the 8k SNNC MoreMoneyThanGod 12/04/17 05:43:45 PM
#60   That is being extremely naive - look at I-Glow 08/11/17 03:51:08 PM
#58   The insiders aren't prosecuted unless there is sufficient Sandlisted 08/04/17 03:38:16 PM
#57   More bad news - the 4 states that I-Glow 08/04/17 09:26:06 AM
#56   Oh wait, how many criminal charges were filed? Sandlisted 08/03/17 06:18:01 PM
#55   What in the world are you talking about I-Glow 08/03/17 04:37:51 PM
#51   Would love to know all the great stuff john love 07/31/17 02:40:10 PM
#49   Again so poorly misinformed. Neither a Mersky employee Sandlisted 07/25/17 12:29:11 PM
#48   Don't worry - it is coming from a I-Glow 07/19/17 04:17:37 PM
#47   How can you say I'm a c-level basher.I john love 07/18/17 09:12:09 PM
#46   That isn't too bad - getting out at I-Glow 07/18/17 09:01:08 PM
#44   I think so just asked him that said john love 07/18/17 08:32:59 PM
#43   Were you asking more difficult questions? Was that I-Glow 07/18/17 08:30:45 PM
#42   Hung up on me twice after saying Friday john love 07/18/17 03:15:19 PM
#41   Sorry to say just called up again after john love 07/18/17 02:58:04 PM
#40   A serial scammer robbing Peter to pay Paul elkonig 07/18/17 12:20:33 PM
#39   I agree with I-glow what did he do john love 07/18/17 05:56:22 AM
#38   David Mersky resigned from the Arizona Bar Association I-Glow 07/17/17 08:25:57 PM
#37   You might want to read the financials before I-Glow 07/17/17 08:23:38 PM
#35   DRNK only has the 2 hear swill the I-Glow 07/17/17 08:11:46 PM
#34   SNNC is destined for the NASDAQ imo, just Sandlisted 07/17/17 07:31:28 PM
#33   Hilarious, look at DRNK since Mersky took over, Sandlisted 07/17/17 07:30:40 PM
#32   David Mersky, Licensed lawyer with the NY Bar Sandlisted 07/17/17 07:29:24 PM
#31   Mersky drove DRNK and FFFC into the ground I-Glow 07/17/17 05:46:03 PM
#30   But oddly resigned from the Arizona Bar Association I-Glow 07/17/17 03:46:31 PM
#29   SNNC doesn't have a chance of being listed I-Glow 07/17/17 03:44:13 PM
#27   This is to funny. The only place is cpw13154 07/16/17 05:54:37 PM
#26   oh that is funny. Nasdaq another Mersky scam cpw13154 07/14/17 06:18:38 PM
#25   I Thought it said imbutek acquired snnc?Thats what john love 07/14/17 04:32:43 PM
#24   Of course SNNC can go to nasdaq with Sherlock 4 07/14/17 04:25:24 PM
#23   How did that work out for DRNK? cpw13154 07/13/17 06:16:01 PM
#22   If people research both then I think inmy cpw13154 07/13/17 06:14:39 PM
PostSubject