I have not done much DD here, just looking into it now but it appears to me that Sports Concepts separated themselves from Zig and Motion DNA years ago.
PHOENIX, March 29 /-/ -- Sports Concepts (OTC: SCPT) is terminating the share exchange agreement pursuant to section NRS 78.385 and 78.390 of the agreement whereby Sports Concepts Inc, Arizona became a wholly owned subsidiary of Motion DNA Corp, who subsequently changed it name to Sports Concepts Inc, a Nevada Corp. The Principles of Sports Concepts Inc, Arizona deem the agreement to be in breach and therefore are going back to their former position, as an independently owned Arizona Corporation with no ties of affiliation with Motion DNA, as the company was subsequently changed back to.
Should you have any question or concerns you may contact either party to the agreement for information. Sports Concepts Inc. can be reached at sportsconcepts@cox.net or Michelle Thomas, President Sports Concepts Inc. 480-202-4641.
About Sports Concepts Inc.:
A Scottsdale, Arizona-based sports marketing company that continues to focus on developing, acquiring, and marketing products for licensing and distribution with professional sports leagues, major retailers, and other venues through professional sales companies. Sports Concepts suite of products include but are not limited to interactive sports toys, licensed sports products and apparel, collectors items and memorabilia, shoes, foods products, product lines appealing to the fan base of professional, collegiate, and youth sports leagues.
Safe Harbor Statement
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
