merger with NT Technologies, inc.
TUESDAY , MARCH 27, 2007 12:57 PM
Mar 27, 2007 (M2 PRESSWIRE via COMTEX) -- EXETER, NH: General Environmental Corporation today announced that it has completed its restructuring by re-incorporating in the State of Nevada and has completed a merger with its wholly owned subsidiary, NT Technologies, Inc. (OTC: NTTI). Pursuant to the merger agreement, the shareholders affected a one-for-twenty reverse of the outstanding shares of General Environmental Corporation, resulting in NT Technologies, Inc. having 1,426,560 outstanding shares. The merger with the Nevada subsidiary also results in a name change from General Environmental Corporation to NT Technologies, Inc. (NTTI). The new trading symbol for the new entity is (PINKSHEETS: NTTI).
NT Technologies, Inc. has entered into a Share Exchange Agreement with NeXplore Technologies, Inc., a Texas Corporation based in Frisco (Dallas), Texas with additional offices in Beijing and Moscow. www.nexplore.com The Share Exchange Agreement is expected to close by March 31, 2007.
About NeXplore Technologies, Inc.: NeXplore Technologies is a Web 2.0 Search Engine and Social Computing company dedicated to producing and delivering web destinations and software application that empower the user to drive and define their own online experiences.
Through its premier Internet properties like NeXplore.com and MyCircle.com, NeXplore Technologies seeks to create and perpetuate global social phenomena by utilizing leading edge technologies to combine the power of information and the perspective of people in the most interactive and intuitive user-interfaces on the market today. With innovative revenue models and dynamic technology and business development team, NeXplore has positioned itself to become the leader in the Next Generation and Social Computing marketplace.
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