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Wednesday, March 15, 2023 10:01:53 PM
"Newron Sport is a holding company for real estate development and flooring operation. On November 18, 2022, the Company completed its new business plan and started implementation. On November 18, 2022, the Company changed its business purpose from inline skating to become a holding company for real estate development and flooring operation. Since November 18, 2022, in accordance with its business plan, the Company has devoted substantial energy, time and resources reviewing and rewriting agreements with partners, customers, vendors, and manufacturers, reviewing licenses and sublicense agreements with potential licensors, interviewing and hiring employees, and conducting research and due diligence on potential partners, Joint-ventures, and acquisitions in the flooring industry. The Company presently has an agreement for an ALL-STOCK acquisition of FM Flooring, a Los Angeles based flooring company. We believe that the acquisition of FM Flooring is a step in the right direction of building out it flooring business across California."
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