Flexpower Inc. (FLXP): Post Unavailable Additional Informati...

bobcat88 · 2007-12-12T15:40:40.9230000Z

The news Dec 12, 2007 Pink Sheets News Service Toronto Canada— TORONTO, Dec. 12- Esprit Financial Group Inc. (EFGO.PK) www.espritfinancialgroup.com DBA Good Life China www.goodlifechina.com is pleased to announce that it has completed the formulation of a Belize Special Purpose Company (SPC). The name of the SPC is Asia Pacific Enterprises Limited a Belize company, company # 67568. The sole purpose of the SPC is for the acquisition of Hebei Haorizi Company Ltd, a China based Company and the acquisition and the sale of assets as previously announced. Under the Chinese law an SPC is required in order to comply with the Chinese regulations and acquisitions of any Chinese entity. The Mina Mar Group Inc. www.minamargroup.com acted as advisors to the company in this transaction and formulation. Esprit CEO Winters noted "Everything is coming together and in a timeframe we originally estimated. The next step for us is to finish off the US paperwork in concert with the Belize SPC, and submit all of this to the reporting issuer. We have been working very close with them we do not foresee any delays in the closing of this transaction. We also expect to be in a position to close on the Canden transaction, very soon after the SPC and Hebei Haorizi is finalized. In anticipation of this we have asked Canden CEO Steen Elgaard and their team, to prepare a forward guidance outlook which we may issue prior to the closing of the Canden transaction. I believe our shareholders will be pleasantly surprised. I know this is worth repeating, soon after the closing of the asset sale and the SPC transaction, EFGO shareholders will retain all of their shares, and in addition they will receive additional stock with the reporting issuer.