Esio Water & Beverage Development Corp. Announced Execution of Letter of Intent to Acquire iMetabolic, Inc.
October 30 2014 - 8:57AM
Business Wire
Today Esio Water & Beverage Development Corp.
(OTC:ESWB) ("ESIO") announced that on October 15, 2016 it
entered into a non-binding Letter of Intent with iMetabolic, Inc.,
a Nevada corporation ("iMet"). The Letter of Intent provides the
basic terms for ESIO to acquire iMet pursuant to a share exchange
(the "Exchange") whereby ESIO will issue 60,000,000 shares of its
common stock to the shareholders of iMet on a prorata basis. The
Letter of Intent contemplates closing the Exchange before November
30, 2014, subject to completion of the parties' due diligence
review and iMet's audit and the approval of iMet's
shareholders.
iMet has formulated a group of specially designed nutrition and
weight reduction supplements, including pills, food sticks, powders
and drinks. These products are based upon and refined from products
previously sold by iMet's licensor, Dr. Kent Sasse. Dr. Sasse has a
national reputation as an expert on nutrition and weight
reduction.
Andrew Ecclestone, Chairman of ESIO, said "The Board has made an
exhaustive search for an acquisition candidate and has chosen this
opportunity with iMetabolic. We feel this proposed transaction is
in the best interests of our shareholders.”
Notice About Forward-Looking Statements
This news release may contain "forward-looking statements", as
that term is defined in Section 27A of the United States Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future,
including but not limited to, the accomplishment of any of our
plans listed for any acquisitions, production, marketing, products
or product sales, and the timeliness within which such items may be
accomplished, as referred to in this news release.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
acquisitions, product development and sale. These forward-looking
statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although we believe
that the beliefs, plans, expectations, and intentions contained in
this press release are reasonable, there can be no assurance that
such beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth
herein and that which is made publicly available by us from time to
time.
Esio Water & Beverage Development Corp.Andrew Ecclestone,
866-545-4875
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