Merger News... got it too:
8000 Inc. (EIGH.pk) Announces Proposed Merger
8000 Inc., a Nevada Corporation currently traded on the OTCMarkets Pink Sheets (EIGH.pk), today
announced that they have conditionally signed an agreement in connection with the pending merger
and acquisition of a currently trading, non-shell Bulletin Board Company, current in its filings. The Board
of 8000 Inc. has approved this merger under Nevada state law whereby there will be no change to the
rights, ownership or conditions for all shareholders after the merger is completed.
Due to the current public shareholder concerns and speculation relating to the common stock of 8000
Inc., the transaction and will remain under the current signed Non-Disclosure Agreement (“NDA”) until
concluded. The agreement has placed a 14 day time frame, commencing today, January 31, 2011 for
completion as dictated by the NDA and agreed respective due diligence over the period. The Company,
because of the existing inquiry, voluntarily informs the SEC of all its substantive corporate actions.
The acquisition, if consummated as expected, is being structured as an exempt share exchange
transaction between the shareholders of the two companies with 8000 Inc. stock being exchanged for
stock in the Bulletin Board Company pursuant to an opinion of third party independant counsel being
provided accordingly. Due to the fact that 8000 Inc. (EIGH.pk) is non-DTC eligible, 8000 Inc.
shareholders will be asked to request delivery of their shares in paper certificate form from their
brokerage accounts. All existing shareholders will then be asked to send their certificates, and DTC
delivery instructions for their brokerage accounts, to the Company’s Transfer Agent, Signature Stock
Transfer Inc. On receipt of the paper certificate, the Transfer Agent will verify and confirm ownership,
and 8000 Inc. certificates will be exchanged with shares in the new combined [or merged] Company via
DTC. No exchange of shares will be undertaken until the TA has received the paper certificate and
verified ownership by the shareholder. Detailed instructions will be made available to all shareholders
within 5 days of the due diligence period outlined above.
For more information please visit:
www.brand8000.com
www.8000incgroup.com
www.8000inc.net
Or contact:
investors@8000inc.net
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