Plandai Biotechnology Inc (PLPL)

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Plandai Biotechnology Announces Share Exchange Between Protext Mobility and Plandai's South Africa Subsidiary

Marketwired MarketwiredJanuary 10, 2017
BOCA RATON, FL--(Marketwired - Jan 10, 2017) - Plandaí Biotechnology, Inc. ( OTC PINK : PLPL ) ("Plandaí" or "the Company"), producer of the highly bioavailable Phytofare® catechin complex, today announced that it has completed a share exchange between Plandaí Biotechnology South Africa (PTY) LTD "Plandaí SA," and Protext Mobility, Inc. ( OTC PINK : TXTM ) "Protext", a Delaware company. Under the terms of the Exchange Agreement, Plandaí became the majority owner of Protext with Plandaí SA becoming the successor issuer to Protect for reporting and accounting purposes. It is anticipated that the prior operations and assets of Protext will be liquidated in the coming weeks, leaving Plandaí SA as the surviving operating entity.