LOTE Announces Acquisition of a 2.5% equity stake of Juice Bar Electric Vehicle Charging Station Company
2017-10-12 08:30 ET - News Release
TOLLAND, Conn., Oct. 12, 2017 /PRNewswire/ -- Lot 78, Inc. (OTCPink: LOTE) has announced that it is scheduled to acquire over the next week a 2.5% equity stake in Garage Juice Bar, LLC also known as Juice Bar Electric Vehicle Charging Stations.
LOTE CEO David Schmid stated, "We are excited to be able to invest in Garage Juice Bar, LLC also known as Juice Bar Electric Vehicle Charging Stations. This investment aligns with our mission to provide value to shareholders through the acquisition of investments that show potential to be scaled regionally and / or nationally or investments that drive outsized returns. Having experienced unexpected and significant market force headwinds, the company was still able to raise specific investment dollars for this acquisition for a 2.5% equity stake in Garage Juice Bar, LLC. With this investment opportunity time window in Garage Juice Bar, LLC beginning to close, Lot 78, Inc. continues to try raise specific investment funds to invest more into the Garage Juice Bar, LLC opportunity. While acquiring a stake in Garage Juice Bar, LLC is an important and exciting first investment, our company will continue to seek opportunities that align with our mission."
