Quality Resource Technologies, Inc. by Business Wire via The Motley Fool May 3rd 2013 1:05PM Updated May 3rd 2013 2:05PM
Solar Thin Films, Inc. Acquires Quality Resource Technologies, Inc.
NEW YORK--(BUSINESS WIRE)-- Solar Thin Films, Inc. (Pinksheets: SLTZ) (the "Company") announced today that a closing occurred on April 30, 2013 (the "Closing Date") pursuant to an agreement dated April 26, 2013 with Quality Resource Technologies, Inc. ("QRT") to acquire 100% of the issued and outstanding shares of QRT in exchange for fifty (50%) percent of the issued and outstanding shares of the Company's stock. As of the Closing Date, the Company acquired approximately ninety-five (95%) percent of the QRT Shares. The Company contemplates receiving the approval of the balance of the QRT Stockholders within 30 days after the Closing Date. etc.