Phoenix Rising Companies Inc (PRCX)

[KeepItRealistic]

$RSSV From 10Q Tech99 status page 26

https://www.otcmarkets.com/filing/html?id=14512243&guid=5MfeU61MkzQeXyh

During the first quarter of 2020, the Company has also been exploring the acquisition of 100% ownership in a European business entity (the ‘Target Entity”) with assets and products that control the spread of infectious viral and bacterial diseases. The Target Entity owns patents for proprietary technologies that cover both disinfecting solutions and delivery systems, presently markets and sells products in Europe and South America, has an existing revenue stream, and owns over 25 patents among its assets. On May 13, 2020, the Company issued a press release describing the execution of a term sheet to acquire 100% of the Target Entity. Subject to the completion of due diligence and closing terms, the Company anticipates final closing on this acquisition during the fourth quarter of 2020.