entered final negotiations with a merger candidate after presented with financials showing 3 million in gross revenue for 2017 and year to date 2018 gross revenue of 3.7 million
Once the terms are finalized the Companies will be executing a Letter of Intent and entering into the due diligence process to determine final terms on the merger.
In connection with the foregoing, the Company relied upon the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended, for transactions not involving a public offering.