Dec 30th - Corporate Universe Acquisition Updates
Wednesday, December 30, 2020 11:10 AM
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NEW YORK, NY / ACCESSWIRE / December 30, 2020 / Corporate Universe, Inc. (OTC PINK:COUV) announced today several updates regarding the previously announced Letter of Intent for the acquisition of Carbon Ion, a high technology electric battery development company. The parties have been working diligently towards the close, which is now anticipated in mid-January, while originally slated before years end with the holidays and complexity of the transaction this timeline has proven to challenging.
Carbon Ion has moved to retain a major New York based Law Firm to represent them on this transaction, and the company will be working with them towards an expeditious close. In addition to being one of the top securities firms in the nation, they provide extensive representation for IP Law and Contract law which will serve the company well going forward.
Additionally, as a point of clarification to our prior release, we reported the company name as Carbon-Ion Energy Storage Ltd, specifically Solutions for Startup Ventures Ltd (S4SUV) has current controlling interest of the assets and is party to this transaction, all assets upon completion will be consolidated in a new wholly owned subsidiary to be named Carbon-Ion Energy, Inc. , this has no material effect on the transaction, but is simply a logistical clarification.
Mr. Andrew Sispoidis, CEO of Carbon Ion stated, "I'm pleased with the progress we've made thus far as well the response from the Corporate Universe shareholders, and investors. Our new legal team has extensive experience in securities law, as well IP, and contract law which will prove invaluable going forward. Isaac and I are working diligently and are focused on the closing and looking at an incredible future"
Isaac H. Sutton of Corporate Universe's CEO, added, "We are moving the process forward for the closing as well I've identified and interviewed several PCAOB auditing firms and will be announcing one shortly, so the company can move towards getting fully audited and prepared for up listing".
About Carbon-Ion Energy Inc.
Carbon-Ion Energy Inc. and its affiliate Solutions for Startup Ventures Ltd acquired the assets of ZapGo LTD which has developed a new category of energy storage device called Carbon-Ion™ of C-Ion®. This technology charges 50x faster than lithium-ion batteries, and radically improves the performance of supercapacitors by using high surface area carbons and ionic electrolytes. The company currently has over 30 Patents and acquires a decade of Research and Development. The company is moving to commercialization. The new Carbon Ion website will be completed within the next several days, please visit www.carbon-ion.energy
About Corporate Universe:
Corporate Universe Inc is a publicly traded diversified company with a focus on emerging business development to create value for our shareholders. Corporate Universe provides the environment for business growth and stability. www.CorpUniverse.com
Safe Harbor Statement Information in this news release may contain statements about future expectations, plans, prospects or performance of Corporate Universe, Inc. that constitute forward-looking statements for purposes of the safe harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Corporate Universe, Inc. cautions you that any forward-looking information provided by or on behalf of Corporate Universe, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Corporate Universe, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Corporate Universe, Inc.'s control. In addition to those discussed in Corporate Universe, Inc.'s press releases, public filings, and statements by Corporate Universe, Inc.'s management, including, but not limited to, Corporate Universe, Inc.'s estimate of the sufficiency of its existing capital resources, Corporate Universe, Inc.'s ability to raise additional capital to fund future operations, Corporate Universe, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Corporate Universe, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Corporate Universe, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Contact: Corporate Universe Inc
info@corpuniverse.com
1-302-273-1150
SOURCE: Corporate Universe, Inc.
Corporate Universe
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