TCPS : NOV. 3 TechnoConcepts, Inc. Signs Letter Of Intent To Acquire Multiple Patents
PR Newswire
LOS ANGELES, Nov. 3, 2014
LOS ANGELES, Nov. 3, 2014 /PRNewswire/ -- TechnoConcepts, Inc. (OTCMarkets/Pinksheets: TCPS), is announcing today that it has signed a Letter of Intent with a Nevada corporation to acquire several patents owned by that Company.
The terms of the Letter of Intent call for confidentiality, due to the proprietary nature of the patents involved. The Letter of Intent also requires a thirty day due diligence period before the parties to the Letter of Intent proceed to a more formal asset purchase agreement.
"The Company is proud to announce this Letter of Intent. We already own several patents and trademarks in our Company, and acquiring more intellectual property is smart, sound business for us. Additionally, the business sector involved with our potential acquisition is a very strong, very visible sector, and we expect a ton of activity surrounding the patents we hope to acquire," said Company President Jose Suarez.
About TechnoConcepts, Inc.
TechnoConcepts, Inc. (OTCMarkets/Pinksheets: TCPS) is a wireless technology company currently holding patents and other intellectual property. The Company is a Colorado company in good standing.
Additional Information
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Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this press release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
SOURCE TechnoConcepts, Inc.
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