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Saturday, March 03, 2007 6:50:14 PM
Wednesday, December 06 2006 9:30 AM, EST
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EZ2companies, Inc. Announces Execution of Letter of Intent
Market Wire "US Press Releases "
MIAMI, FL -- (MARKET WIRE) -- 12/06/06 -- EZ2Companies, Inc. (PINKSHEETS: EZTO) (the "Company") announced today that it has entered into a Letter of Intent with Western Hemisphere Petroleum, Inc. ("Western Hemisphere").
The Company has agreed to acquire all of Western Hemisphere's equity in exchange for a number of shares of the Company's common stock to be determined upon the execution of a definitive agreement between the parties. Closing of the transaction is conditioned upon, among other items, the consent of the Company's largest creditor.
The Company's CEO, Francisco Acosta Coloma, commented; "We believe the acquisition of Western Hemisphere will complement the Company's recent business shift toward petroleum related operations." Following, the closing, Western Hemisphere will become a wholly owned subsidiary of the Company.
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