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Thursday, July 07, 2022 9:34:33 AM
JADE ART GROUP, INC RESCINDS LOI to ACQUIRE MOTHER’S TOUCH FORMULA
Press Release | 07/06/2022
Birmingham, AL.,July 6, 2022Jade Art Group, Inc.(JADA or the Company) (OTC: JADA) announced today it has rescinded its Letter of Intent to acquire Mothers Touch Formula, a Texas-based producer of baby formula (Mothers Touch), citing disagreements regarding the valuation of Mothers Touch.
Wayne Sellers, CEO of the Company said, We are disappointed with todays announcement but not deterred. We will remain focused and continue to execute on our business plan.
Jade Art Group, Inc. is a Birmingham Alabama-based food, technology, safety, agriculture, and energy company.
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