Take a look at SNMN news>>> SNM Global Executes to Acquire $49 Million Portfolio and Prepares for International Distribution
2010-07-06 08:30 ET - News Release
LONDON -- (MARKET WIRE) -- 07/06/10
SNM Global Holdings (PINKSHEETS: SNMN) announced the signing of a Letter of Intent (LOI) with EQ-ip Equities (EQ-ip), a private technology and licensing holding company, to acquire, develop, distribute, and commercialize certain technologies from its portfolio.
With the signing of this LOI, the company officially launches its new operations and expansion. Final agreements will be timely completed and executed with appropriate announcements and disclosures made. Further sector-specific additions to the company's portfolio will be announced as they are completed.
EQ-ip specializes in clean energy technologies and solutions for emerging economies. Its portfolio of nascent and commercial technologies and Intellectual Property are currently valued in excess of $49,000,000.
The Agreement calls for the Company to acquire, develop and commercialize the EQ-ip technologies and Intellectual Property through its pioneering MicroTechnology Transfer Program (mt2) and MicroEquity Partner Program. The assets, technologies, and solutions will be introduced into SNM Global's distribution network for emerging market insertion and introduction.
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