JB and ZJMY Holding Co (JBZY)

[Choi]

NEWS!!! It's electric car/battery company!


Dolat Ventures acquired by China Based Battery Manufacturer

Apr 06, 2017

OTC Disclosure & News Service

NY, NY -

Dolat Ventures acquired by China Based Battery Manufacturer



NEW YORK, NY--(Marketwired â?? April 04, 2017) â??DOLAT VENTURES, INC (OTC PINK: DOLV) announces recent corporate Developments.



The control of the Company was acquired by Mr. Wang DeQun on January 11, 2017 pursuant to an agreement that was entered into on December 2, 2016. On that date Mr. Wang acquired 300,000 shares of the Companyâ??s Class C Preferred Stock which is convertible into 750,000,000 shares of the Companyâ??s common stock and carries an equal number of votes.



On January 11, 2017, the filing date of the Companyâ??s Amendment to its Certificate of Incorporation authorizing the preferred stock, the Companyâ??s Board of Directors also authorized the acquisition all of the issued and outstanding shares of Ji Ming Yang Amperex Technology Limited (Ji Ming Yang), a Chinese corporation in exchange for one hundred thousand Class D Preferred Stock convertible into 100,000,000 shares of the Companyâ??s common stock. Subject to FINRA approval the Company will reflect the new business combination by changing its name to JB&ZJMY Holding Company, Inc. and seeking a new symbol. This acquisition was closed on April 4, 2017 with the delivery of the Class D Preferred Stock to Mr. Wang DeQun.



About Ji Ming Yang Amperex Technology Limited



Founded in March of 2015, http://zhongjimingyang.com/en Ji Ming Yang focuses on the development of batteries for â??New Energy Vehiclesâ?. The company possesses a number of patents seeking to enhance and extend battery life while also reduce operating costs. The Company seeks to commercialize solutions to the problems faced by all vehicle battery manufactures, such as shortage of battery life, expensive materials, and charging station issues.



As part of the acquisition the company will be offering to current and future employees based in the Peoples Republic of China the opportunity to purchase new JB&ZJMY Units consisting of one share of common stock and one common stock purchase warrant for $0.10 (Ten Cents) per Unit with the attached warrant exercisable for two years at $0.15 (Fifteen Cents) for a total of 10,000,000 (Ten Million) units pursuant to a Regulation S offering on a best efforts basis expiring on July 17th 2017.



The Company intends to file consolidated financial statements reflecting the acquisition during the next two weeks. We thank our shareholders for their interest in the Company and patience while we bring our filings current.