Global Innovative Platforms Inc (GIPL)

[davidsson10]

LOS ANGELES, Dec. 5, 2014 /PRNewswire/ -- TechnoConcepts, Inc. (OTCMarkets/Pinksheets: TCPS), is announcing today that it has signed a Letter of Intent to acquire the assets and ongoing business of another company.

The terms of the Letter of Intent call for confidentiality until the transaction is completed. The Letter of Intent also requires a sixty day due diligence period before the parties to the Letter of Intent proceed to a more formal asset purchase agreement. The Letter of Intent calls for cash investments to be made into the to-be-acquired company after finalization of the asset purchase agreement, and these investments will be used to help grow the business.

"The Company is proud to announce this Letter of Intent. We have been looking for a good, viable business to bring into our fold. This business has assets, no liabilities, and tremendous upside for our investors. Additionally, we will be able to assist this company with acquiring more business almost immediately," said Company President Jose Suarez.

About TechnoConcepts, Inc.

TechnoConcepts, Inc. (OTCMarkets/Pinksheets: TCPS) is a wireless technology company currently holding patent, trademarks and other intellectual property. The Company is a Colorado company in good standing.