Logiq Inc (LGIQ): News! HONG KONG, Feb. 19, 2013 /PRNewsw...

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Tuesday, 02/19/2013 8:09:01 AM

Tuesday, February 19, 2013 8:09:01 AM

News! HONG KONG, Feb. 19, 2013 /PRNewswire/ -- Sitoa Global Inc. (OTCQB:STOA) (PINKSHEETS: STOA) ("Sitoa" or the "Company"), announced today that it accepted an offer letter from a diversified technology company and the owner of certain waste-to-energy and other renewable assets (the "Energy Business") in respect of a proposed transaction in which Sitoa will purchase the Energy Business in exchange for common shares in Sitoa. Both parties entered an exclusivity period during which a detailed memorandum of understanding and definitive agreements will be prepared.

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